If you read this article you will see they state an income of $45,000. If you are a cosmetology student graduating and thinking that you will get a “job” your going to be in for a big surprise. First, most cosmetology jobs pay minimum wage plus tips if you are lucky which means you will earn about $11.25 an hour or about $23,000 a year. Second, there are over 680,000 cosmetologist in this country and only 280,000 “jobs” Do you see the problem? You will never get your loan paid or save anything to retire on unless you learn how to build your own business and market yourself.
