ROI Major

Cosmetology and Related Personal Grooming Services at Illinois Eastern Community Colleges - Olney Central College

IL · Associate's Degree · CIP 12.04

Apply Now Data: 2026 release

Executive Summary

Graduates with a Cosmetology and Related Personal Grooming Services degree from Illinois Eastern Community Colleges - Olney Central College earn a median salary of $31,066 within five years of graduation. Adjusted for the cost of living in IL, this represents a national purchasing power equivalent of $33,841. The degree typically pays for itself in over 10 years.

Quick Insights

Slow Burn / High Debt Risk

How this degree looks at a glance

A fast read on salary range, break-even speed, living-cost impact, and where graduates from this school usually land.

Salary Ranges

Starting Range

$23,853

Typical Career

$31,066

Top Performers

$39,708

Break-even is not clear from the available earnings data.

Debt-to-Income Check

$207

Estimated comfortable monthly loan payment

Typical monthly pay is approximately $2,589. Most students can comfortably afford about a $207 monthly loan payment with this degree.

Comparison Bench

This degree earns 0.8x more than the average US high school graduate and 0.4x more than the average college graduate.

Purchasing Power Context

A dollar in Illinois buys what costs $0.92 nationally.

Industry Breadcrumbs

Top industries for bachelor's graduates from this school: Health Care & Social Assistance, Manufacturing, Administrative & Support Services.

Where Associate's Graduates from This School Work

Health Care & Social Assistance 72.5%
Manufacturing 7.0%
Administrative & Support Services 3.2%

Institution-wide industry mix for graduates, 5 years after graduation. This is not major-specific. Source: Census PSEO Flows.

5-Year Median Salary — National Purchasing Power Equivalent

$33,841

Nominal: $31,066 in Illinois (COL 91.8% of national avg) · 8.9% higher purchasing power

10-Year Earnings Curve

Break-Even Timeline

How long until cumulative earnings advantage exceeds total college investment (tuition + opportunity cost vs. entering workforce directly after high school).

>10 years (extrapolated) to break even
Graduation 15 years

Total Investment

$155,168

4yr tuition + 4yr opportunity cost

HS Graduate Baseline

$38,792/yr

BLS 2023 median, HS diploma

View Raw Data: Median Earnings by Year
Timeframe 25th Pct. Median (50th) 75th Pct.
1 Year After Graduation $16,896 $21,127 $27,561
5 Years After Graduation $23,853 $31,066 $39,708
10 Years After Graduation $23,524 $30,437 $41,695

Source: US Census Bureau Post-Secondary Employment Outcomes (PSEO), 2025 release. Earnings shown for Bachelor's degree graduates (all cohorts combined).

How We Calculate Purchasing Power

The median salary of $31,066 is reported by the US Census Bureau's Post-Secondary Employment Outcomes (PSEO) dataset for graduates working in IL, which has a cost-of-living index of 91.8% of the national average.

Formula: Adjusted Salary = Nominal × (1.0 ÷ COL Index)
= $31,066 × (1.0 ÷ 0.9180) = $33,841 National Average equivalent.

COL index source: BLS Regional Consumer Price Index & MIT Living Wage Project, 2023. Full methodology →

Career Verdict

Graduates from the Cosmetology and Related Personal Grooming Services program at Illinois Eastern Community Colleges - Olney Central College experience a gradual increase in earnings over time. The median earnings one year after graduation stand at $21,127, which rises to $31,066 five years post-graduation, before slightly decreasing to $30,437 a decade later. When adjusted for purchasing power, the five-year salary equivalent nationally is approximately $33,840.96, indicating that while initial earnings are modest, they may not keep pace with inflation over the long term.

The majority of graduates enter the Health Care & Social Assistance sector, with 72.5% employed in this field shortly after completing their program. This trend continues, as 54.7% and 49.5% remain in the same industry five and ten years later, respectively. Given the estimated break-even point of more than ten years compared to a high-school-only path, the return on investment for this program may be limited for some students. Prospective students should weigh these factors carefully against their career goals and financial expectations.

Compare with Another School

See how the Cosmetology and Related Personal Grooming Services degree at Illinois Eastern Community Colleges - Olney Central College stacks up against another institution side-by-side.

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Data sources: US Census Bureau Post-Secondary Employment Outcomes (PSEO). Cost-of-living index: BLS Regional CPI & MIT Living Wage Project. Cost of attendance: IPEDS. For informational use only; data may be suppressed for small cohort sizes.