Avoid the disastrous financial mistake a lot of parents make!
Many parents want to see their child get a 4-year degree, and that’s completely understandable. The problem is that if your child doesn’t want to go to college for four years, statistics show that they most likely won’t, and when they drop out, 100% of the money (most likely thousands of dollars) you spent is wasted because a partial degree is useless.
According to the Gates Foundation and USA Today:
Many students drop out because they only enrolled to please their parents!
On a very regular basis we get students who enroll in our college with the same story… I have a year and a half of college because that’s what my parents wanted me to do but I kept telling them that I wanted to go to beauty school and they wouldn’t let me.
According to the U.S. Department of Education, National Center for Education Statistics, the average annual expense of college per year is $21,657 which means there’s a lot of people out there who have lost over $30,000. That breaks our heart (and your bank).
We want you to avoid that extremely costly mistake, so let’s look at some comparative information that might set your mind at ease.
- Get a degree they can use for the rest of their life.
- Earn a good enough living to make it on their own.
- Be happy doing what they love.
Take a moment to review the information below and the information on our Career Opportunities page and you’ll see that a license in the beauty industry can satisfy all three of these goals.
COMPARE ANNUAL SALARIES:
|Position||Nat’l Avg. Salary*||Salary Range including Tips & Retail Commission|
|Cosmetologist||$33,843||$38,919 – $45,688|
|Hair Colorist||$46,402||$53,362 – $62,642|
|Esthetician||$40,126||$46,145 – $54,170|
|Nail Technician||$33,148||$38,120 – $44,749|
|Conclusion: When comparing someone with a Bachelor’s degree to someone in the beauty industry, there’s not a lot of difference in their annual income, especially when taking tips and retail commission into account.|
COMPARE CAREER PLACEMENT:
According to a New York Times article:
Take a thorough look at our Career Opportunities page and you’ll see statistics like:
|Conclusion: Less 4-year degree graduates are finding employment in their majors, if any employment at all, and salaries are declining; whereas the beauty industry is growing and projected to continue to do so, and there are many positions open right now.|
COMPARE COMPLETION LENGTHS:
Statistics from the College Board tell us that the average time to earn a bachelor’s degree is 4.7 years (2008). So the trend is toward 5 years.
Cosmetology: 10-14 months full-time.
Esthetician (Skin Care): 7-8 months full-time.
Nail Technician: 7 weeks full-time.
Day Spa: 9-10 months full-time.
|Conclusion: In the same amount of time as getting a Bachelor’s degree, your child could have their license and be working for over 3 years.|
According to CNN Money the average student loan debt for a 4-year degree is roughly $27,000, and per the U.S. Department of Education, National Center for Education Statistics, the average annual expense of college per year:
Public: $15,605 (four years = $62,420)
Private: $37,975 (four years = $151,900)
Combined: $21,657 (four years = $86,628)
*Note: This does not take into account it’s now averaging 4.7 years to graduate.
Conclusion: Since our college is one year or less, your child’s total investment in education will be roughly one-fourth the cost, saving thousands of dollars in college expenses and dramatically reducing their student loan debt.
COMPARE GRADUATION RATES:
According to Harvard, 56% of students graduate from 4-yr college and 26% graduate from 2-yr college.
Our college graduates roughly 70%
Conclusions: Your child is way more likely to graduate and get a good profession by attending the college they truly want to attend, and you stand a much better chance of not losing money.
The Gates Foundation and USA Today also found that many students who didn’t receive financial assistance from their parents resulted in higher drops as well as students who had to work versus students who were full-time students without jobs.
If you want your child to graduate and enjoy a rewarding career:
- Put them in the college and degree of their choosing.
- Financially support your child while enrolled.
- Have them dedicated to college while enrolled (not working).
Our Career Specialists are here to work with you to answer all your questions and to make the enrollment process as smooth and professional as possible for you and your child. Feel free to contact us whenever and for whatever you need.
Why CI? Because Your Career is Counting on it!