Certificate in Cosmetology and Related Personal Grooming Services. — ROI at Northwest Mississippi Community College

MS  ·  Based on U.S. Department of Education College Scorecard data

Financial Breakdown for Cosmetology and Related Personal Grooming Services. at Northwest Mississippi Community College

Net Annual Cost

$13,156

After grants & scholarships


$0

Median Earnings

$15,633

Median salary after graduation

Net Debt

$5,500

After personal savings applied


$0

20-Year Net ROI Projection

Gross Earnings (20 years)

$15,633 × 20 years

+$312,660

Total 1-Year Cost

$13,156 × 1 years

−$13,156

Estimated Debt Payoff Includes estimated interest over a standard 10-year repayment plan.

$5,500 principal × 1.35 (interest)

−$7,425

Baseline Opportunity Cost The estimated earnings you would make with a high school diploma over 20 years ($42,000/yr), which you forfeit while studying.

$42,000 median no-degree salary × 20 years

−$840,000

20-Year Net ROI

-$547,921

Graduation Rate

40.1%

of students complete their degree

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How we calculate ROI

20-Year Net ROI = Gross Earnings − Total 1-Year Cost − Estimated Debt Payoff − Baseline Opportunity Cost

Baseline assumes $42,000/yr median earnings without a college degree. Debt payoff uses a 1.35× multiplier to account for interest over a standard repayment period.

Data sourced from the U.S. College Scorecard.