A new study from the Century Foundation released Thursday found that graduates from cosmetology schools are making near poverty-level wages, and that almost half of the colleges in the industry—42 percent—would fail under the Education Department’s proposed gainful-employment rule.
The study found that cosmetologists earn an average of $16,600 annually, $9,000 less than the average annual income of workers with only a high school diploma. Cosmetologists hold an average of $10,000 in student loan debt.
