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Allan Hancock College vs Federico Beauty Institute: which has better ROI?

Public, Santa Maria CA · vs · Private for-profit, Sacramento CA

The verdict

Neither clears its cost on institution-wide earnings, but Allan Hancock College comes closer — median earnings $42,786 against a $21,532 total, vs $29,856 at Federico Beauty Institute. (Scorecard, 2026 · our math.)

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Head to head
MeasureAllan Hancock CollegeFederico Beauty Institute
Net price / yr$5,383$24,028
Total net cost$21,532$96,112
Median earnings, 10 yrs$42,786$29,856
Median debt$6,333
Payback
20-year net return-$133,012-$466,192

College Scorecard (2026), institution-level · payback and returns are our math. Figures blend all majors.

Which is cheaper, Allan Hancock College or Federico Beauty Institute?

Allan Hancock College, at $5,383 a year after aid versus $24,028 — a gap of $18,645 a year, or $74,580 across the full degree. These are net prices after grants and scholarships, not sticker prices, so they reflect what an aided student pays.

Do Allan Hancock College or Federico Beauty Institute graduates earn more?

Allan Hancock College graduates report a median $42,786 ten years after entry, $12,930 more than the $29,856 at Federico Beauty Institute. Both are institution-wide medians from federal tax records, so a high-paying major at the lower school can beat the average at the higher one.

Which graduates more of its students?

88% of students finish at Federico Beauty Institute, against 26% at Allan Hancock College. Completion matters to the ROI arithmetic because a degree that is never finished still carries its cost and its debt, but earns none of the graduate premium above the $48,360 high-school baseline.

Allan Hancock College vs Federico Beauty Institute: frequently asked questions

Is Allan Hancock College or Federico Beauty Institute a better value?
Allan Hancock College comes closer, but neither clears its cost on institution-wide earnings — the field you study decides it here more than the school.
Which is cheaper, Allan Hancock College or Federico Beauty Institute?
Allan Hancock College: $5,383/yr net price after aid versus $24,028/yr at Federico Beauty Institute — a difference of $18,645 a year, or about $74,580 over four years.
Do Allan Hancock College or Federico Beauty Institute graduates earn more?
Allan Hancock College graduates earn a median $42,786 ten years after entry, versus $29,856 at Federico Beauty Institute — a $12,930 gap. This blends every major, so a specific field can flip it.