FAFSA lower earnings list

Indiana schools on the FAFSA “lower earnings” list

23 schools in Indiana are flagged "lower earnings" in the Department of Education's March 2026 release, the list the 2027-28 FAFSA uses, out of 90 Indiana schools with an earnings figure. The December 2025 release, which earlier news coverage reported, flagged 29: 11 came off and 5 were added.

A Indiana school is flagged when its graduates’ median earnings four years after completing are below $34,790, the median for Indiana high school graduates aged 25 to 34 (March 2026 release, January 2026 dollars). A school that mostly enrolls out-of-state students or operates in several states is compared with the national median, $34,635, instead.

Data period: March 2026 release, completers of 2017-18 and 2018-19, earnings measured in 2022 and 2023. Nationally: 999 schools flagged now, 1,365 in December 2025. National report and method

Last verified: September 25, 2026.

Flagged in the March 2026 release (23)

Names as the Department lists them. A linked name opens the school’s CampusPin profile, which shows its earnings and benchmark.

  • Don Roberts School of Hair Design
  • Empire Beauty School-Indianapolis, new since December (was not listed)
  • Empire Beauty School-Speedway
  • J Michael Harrold Beauty Academy
  • Kenny's Academy of Barbering, new since December (had no figure)
  • Lil Lou's Beauty and Barber College
  • Lil Lou's Beauty and Barber College - South Bend, new since December (was not listed)
  • Lil Lou's Beauty and Barber College-Hammond
  • Paul Mitchell the School-Indianapolis
  • Paul Mitchell the School-Merrillville, new since December (had no figure)
  • PJ's College of Cosmetology-Clarksville
  • PJ's College of Cosmetology-Richmond, new since December (had no figure)
  • Ravenscroft Beauty College
  • Rogers Academy of Hair Design
  • Ross Medical Education Center-Granger
  • Rudae's School of Beauty Culture-Ft Wayne
  • Summit Salon Academy
  • Summit Salon Academy-Kokomo
  • The Salon Professional Academy-Evansville
  • Tricoci University of Beauty Culture LLC-Bloomington
  • Tricoci University of Beauty Culture-Highland
  • Tricoci University of Beauty Culture-Indianapolis
  • Tricoci University of Beauty Culture-Lafayette

Flagged in December 2025, not now (11)

The reason is given for each. Because the benchmark and the graduating cohort changed too, coming off is not by itself evidence that graduates earn more.

  • Aveda Fredric's Institute-Indianapolis, now above the benchmark
  • Denmark College, now above the benchmark
  • Ideal Beauty Academy, not in the March 2026 list
  • International Business College-Indianapolis, now above the benchmark
  • Ross Medical Education Center-Evansville, now above the benchmark
  • Ross Medical Education Center-Fort Wayne, now above the benchmark
  • Ross Medical Education Center-Kokomo, now above the benchmark
  • Ross Medical Education Center-Lafayette, now above the benchmark
  • Ross Medical Education Center-Muncie, now above the benchmark
  • Stellar Career College-Crown Point, now above the benchmark
  • Taylor Institute of Cosmetology II, no earnings figure now

What the notice does and does not mean

  • It is informational: it does not affect federal aid eligibility, and a flagged school can still be listed and attended.
  • It describes a whole school, not a program. The Department says earnings differ by credential and field.
  • It covers graduates who received federal aid and were working and not enrolled when earnings were measured.
  • A school with no earnings figure shows no notice. That is an absence of data, not a pass.
Add the Indiana FAFSA notice card to your website (counselors, college-access programs, schools)

Plain HTML with no script and no tracking: the state's flagged count, the previous release and the benchmark, with the notice's caveats and the source, linking back to this page and its full list of schools.

Questions about Indiana

How many Indiana schools are on the FAFSA lower earnings list?
23 schools in Indiana are flagged "lower earnings" in the Department of Education's March 2026 release, the list the 2027-28 FAFSA uses, out of 90 Indiana schools with an earnings figure. The December 2025 release, which earlier news coverage reported, flagged 29: 11 came off and 5 were added. Every one is named on this page.
Why did 11 schools in Indiana come off the list?
Of the 11 schools flagged in December 2025 and not now, 9 now clear the benchmark, 1 no longer have an earnings figure, 1 is not in the March 2026 list at all. The Department replaced the data on 22 March 2026 with a newer group of graduates (completers of 2017-18 and 2018-19, earnings measured in 2022 and 2023) and a re-estimated high school benchmark, so coming off the list is not by itself evidence that a school's graduates earn more.
What earnings benchmark are Indiana schools compared with?
$34,790: the median earnings of Indiana high school graduates aged 25 to 34 in the March 2026 release, in January 2026 dollars. The December 2025 release used $36,806, in June 2025 dollars and from an earlier survey, so the two are not a like-for-like comparison. A school that mostly enrolls out-of-state students or operates in several states is compared with the national median instead, $34,635.
Does the lower earnings notice affect financial aid?
No. The Department says the notice is informational only. It does not affect eligibility for federal aid, the Student Aid Index or how the FAFSA is processed, and students can still list and attend a flagged school. It is shown only to first-year undergraduates.

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Sources, methodology & citation

Data snapshot: March 22, 2026. Last verified: September 25, 2026.

Sources used across this page

Not every source informs every figure. Each data point draws on the source appropriate to it see the relevant section and the data dictionary for field-level provenance.

Where a value is unavailable it is shown as unavailable, never as 0, free, or a negative judgment. Always confirm final details with the institution before applying.

Methodology Data dictionary Report a correction

Suggested citation

CampusPin. (2026). Indiana schools on the FAFSA "lower earnings" list. Retrieved from https://campuspin.com/research/fafsa-lower-earnings-colleges/indiana