Cosmetology Degree from Northern New Mexico College Return on Investment

See what the return on investment is for jobs that someone with a Cosmetology degree from Northern New Mexico College is likely to work in.

F D C B A
Approximate Total Payment $73,054
Approximate Total Interest $20,677
Monthly Payment $507.32
Assumed Loan Type Direct Subsidized
Assumed Repayment Plan Standard Fixed
Assumed Payoff Years 12
Assumed Scholarship Amount $0
Assumed Down Payment $0

Top job projections for graduates in cosmetology from northern new mexico college

Hairdressers, hairstylists, and cosmetologists

Projection Rating: B-

Median Annual Wage: $34,970

Percentage of Paycheck to Repay: 17.41%-12.95%

Employment Change: 40.3%

Entry-Level Education: Postsecondary nondegree award

Skincare specialists

Projection Rating: B

Median Annual Wage: $43,200

Percentage of Paycheck to Repay: 14.09%-10.49%

Employment Change: 8.4%

Entry-Level Education: Postsecondary nondegree award

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Are you considering a Cosmetology Degree from Northern New Mexico College? Understanding the return on investment (ROI) is crucial when making educational decisions. This degree not only equips you with essential skills in hair, skin, and nail care but also opens doors to a rewarding career in the beauty industry.

With the growing demand for skilled cosmetologists, graduates from Northern New Mexico College can expect a competitive edge in the job market. The comprehensive curriculum, combined with hands-on training, prepares students to excel in various settings, from salons to spas. Moreover, the college’s strong industry connections facilitate job placements and internships, enhancing your employability.

Financially, investing in a cosmetology degree can yield significant returns. Many cosmetology graduates start their careers with a solid income and the potential for tips and commissions, which can substantially increase overall earnings. Additionally, the flexibility of this profession allows for part-time work or even starting your own business, further maximizing your financial potential.

Furthermore, the cost of obtaining a cosmetology degree at Northern New Mexico College is relatively affordable compared to other educational institutions. With financial aid options and scholarships available, students can minimize debt and enhance their ROI.

In conclusion, pursuing a Cosmetology Degree from Northern New Mexico College offers not only a well-rounded education in beauty services but also a promising return on investment through job opportunities and potential earnings. Make a smart choice for your future—enroll today and start your journey towards a fulfilling career in cosmetology!

Disclaimer: The information provided is for general informational purposes only and should not be considered financial advice. Student loan situations can vary significantly based on individual circumstances, and decisions around deferment or forbearance can have lasting financial impacts. Before making any changes to your loan repayment plan, consult a qualified financial advisor or your loan servicer to understand the best options for your unique situation. This projection assumes you are taking out a Direct Subsidized loan (using the current federal interest rate) with a 12 year Standard Fixed repayment plan on the total yearly tuition (four years if Bachelor's degree, six for Master's degree and 12 for Doctorate) of your chosen institution. Our data is refreshed on a day to day basis and may not be accurate to real time. College numbers may not be 100% accurate and may not be the exact amount you will pay, it is advised that you consult a guidance counselor for that information. This software is not intended to replace a financial advisor.

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