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Reply to "What do you do if your daughter wants to drop out of college and go to cosmetology school?"
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[quote=Anonymous]For me, there are a few questions. How far along is she? If she has more than 2 years in, then I'd recommend finishing the degree then going to cosmetology school. Once you're past the halfway point, you should finish the program and get the degree so that you have options if you decide later on a career change. Many, many people have a career change somewhere in their post-college career and giving yourself options if/when you make a career change is always good. Is she borrowing money? If you are paying for her tuition, then she should finish. If she is taking on debt, she can stop before her debt gets too large. I know lots of millennials who have problems moving forward in life (buying cars or homes, making choices about kids, whether to have them, choices around childcare, choices around schooling, etc) because of large amounts of college debt. Does she have a network to help her in cosmetology school or afterwards. For example, if she has friends that own shops or work in larger shops that hire, that's a bonus. One of the problems with cosmetology is that it is very competitive. There are many more people who get those degrees than there are good paying positions. While there are many who make that $200K or over $100K doing it, those are the tip of the iceberg. There are many who work in bad conditions, unsafe salons (lots of chemicals, poor ventilation, poor hours, poor wages) who make under $40K. And there are also many who get those degrees and don't find work. Don't let the top 5% cloud your judgment about whether it is lucritive or not.[/quote]
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