Degree Dividend
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Allan Hancock College vs Milan Institute of Cosmetology-Vacaville: which has better ROI?

Public, Santa Maria CA · vs · Private for-profit, Vacaville 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 $22,378 at Milan Institute of Cosmetology-Vacaville. (Scorecard, 2026 · our math.)

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Head to head
MeasureAllan Hancock CollegeMilan Institute of Cosmetology-Vacaville
Net price / yr$5,383$23,880
Total net cost$21,532$95,520
Median earnings, 10 yrs$42,786$22,378
Median debt$6,333
Payback
20-year net return-$133,012-$615,160

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

Which is cheaper, Allan Hancock College or Milan Institute of Cosmetology-Vacaville?

Allan Hancock College, at $5,383 a year after aid versus $23,880 — a gap of $18,497 a year, or $73,988 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 Milan Institute of Cosmetology-Vacaville graduates earn more?

Allan Hancock College graduates report a median $42,786 ten years after entry, $20,408 more than the $22,378 at Milan Institute of Cosmetology-Vacaville. 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?

57% of students finish at Milan Institute of Cosmetology-Vacaville, 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 Milan Institute of Cosmetology-Vacaville: frequently asked questions

Is Allan Hancock College or Milan Institute of Cosmetology-Vacaville 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 Milan Institute of Cosmetology-Vacaville?
Allan Hancock College: $5,383/yr net price after aid versus $23,880/yr at Milan Institute of Cosmetology-Vacaville — a difference of $18,497 a year, or about $73,988 over four years.
Do Allan Hancock College or Milan Institute of Cosmetology-Vacaville graduates earn more?
Allan Hancock College graduates earn a median $42,786 ten years after entry, versus $22,378 at Milan Institute of Cosmetology-Vacaville — a $20,408 gap. This blends every major, so a specific field can flip it.