Career Training Path › Texas › Diamonds College
Diamonds College
Sherman, Texas · Private for-profit career college
Address: 3321 Loy Lake Rd, Sherman, TX 75090 · Phone: 903891075851277 · School website ↗ · Verify on College Scorecard ↗
No accreditor sanctions in the last 36 months
Diamonds College is a private for-profit trade school in Sherman, Texas, offering barber and cosmetology programs, accredited by the Council on Occupational Education.
Per the U.S. Department of Education College Scorecard, Diamonds College has a 58.5% completion rate, below the Texas average of 63.5%, with median graduate debt of $8,000 and median earnings of $27,126 ten years after entry.
Annual cost of attendance at Diamonds College is reported at $24,461, and the school participates in Title IV federal financial aid; 69.3% of students receive Pell Grants.
What these trades pay once you're working
| Occupation | Starting (10th pct) | Median | Experienced (75th) |
|---|---|---|---|
| Barbers | $28,340 | $30,760 | $37,160 |
| Hairdressers, hairstylists and cosmetologists | $23,580 | $30,680 | $47,180 |
U.S. Bureau of Labor Statistics wages for everyone employed in the occupation in Texas (May 2025; national where the state figure is not published). The program table below shows what this campus's own graduates earned in their first year, whatever job they took.
Trade programs at this campus
| Program | Credential | Grads / yr | Earnings, yr 1 | Earnings, yr 2 | Median debt |
|---|---|---|---|---|---|
| Cosmetology and Related Personal Grooming Services | Certificate, 1–2 years | 21 | $20,175 | not reported | $16,500 |
| Cosmetology and Related Personal Grooming Services | Certificate, 1–2 years | 18 | $20,175 | not reported | $16,500 |
Earnings are median wages and self-employment income reported to the IRS (W-2 and Schedule SE) for graduates who received federal aid and were working and not enrolled, measured in the calendar year after finishing. They are pay only: health insurance, retirement contributions and other benefits are not included.
Graduates per year from the Integrated Postsecondary Education Data System (IPEDS) 2022-23 Completions survey. Earnings and debt are College Scorecard field-of-study medians for graduates of this program at this campus (reported at the 4-digit program level, so closely related programs share a figure); "not reported" means too few graduates were counted to publish a figure.
About this school
Diamonds College is a private for-profit trade school in Sherman, Texas, accredited by the Council on Occupational Education. The school participates in federal Title IV financial aid programs, meaning students can use FAFSA, federal loans, and Pell Grants to help pay for enrollment. The campus is small, with 51 undergraduate students, and focuses on two program families: barber schools (21 completers) and cosmetology schools (18 completers).
Federal Scorecard data shows a completion rate of 58.5%, which is below the Texas state average of 63.5%. Graduates carry a median debt of $8,000, and median earnings 10 years after entry are $27,126. Annual cost of attendance is reported at $24,461, and 69.3% of students receive Pell Grants, indicating a largely lower-income student body relying on federal aid.
Given its concentration in barbering and cosmetology, this campus suits students seeking hands-on, licensure-track training in personal care trades rather than a broad academic associate degree. Program length is not reported for this campus in federal data, so prospective students — including career changers — should contact the school directly to confirm schedules and licensing requirements. To verify accreditation status and outcomes independently, check with the Council on Occupational Education and the U.S. Department of Education College Scorecard at the link provided by the school.
Questions students ask
What trade and career programs does this campus offer?
Diamonds College offers barber school programs (21 completers) and cosmetology school programs (18 completers), covering two program families total.
Is this school accredited, and by whom?
Yes, the school is accredited by the Council on Occupational Education, and its status is listed as Accredited.
Can I use federal financial aid (FAFSA, Pell Grants) at this school?
Yes, the school participates in Title IV federal aid programs, so students can apply for FAFSA and Pell Grants.
What share of students finish their program here, and how does that compare to the state?
The completion rate is 58.5%, which is below the Texas state average of 63.5%.
How much debt do graduates of this school typically carry?
Median debt among graduates is $8,000, according to federal Scorecard data.
What do graduates of this school earn?
Median earnings 10 years after entry are $27,126, per federal Scorecard data.
How much does it cost to attend for a year?
The reported annual cost of attendance is $24,461.
Is this a public, non-profit, or for-profit school, and why does that matter?
Diamonds College is a private for-profit institution, which can affect tuition levels and the structure of federal oversight compared with public or non-profit schools.
How long do the programs here take to complete?
Program length is not reported for this campus in federal data; contact the school directly to confirm.
How do I verify this school's accreditation and outcomes myself?
You can verify accreditation through the Council on Occupational Education and review outcomes data on the U.S. Department of Education College Scorecard at https://collegescorecard.ed.gov/school/?461388.
Is this school a good fit for an adult changing careers?
The data shows a small, program-focused campus in barbering and cosmetology, but specific fit for adult career changers is not reported in federal data; contact the school to discuss scheduling and prior experience options.
What license or certification will I need after finishing a program here?
Specific licensing requirements are not reported in federal data; contact the school or Texas licensing boards for barbering and cosmetology requirements.
How do I contact the school or apply?
You can reach Diamonds College by phone at 903891075851277 or visit https://www.diamondscosmetology.com/ for application details.
How does this campus compare with other schools offering the same trade nearby?
Comparative data with other nearby schools is not reported for this campus in federal data; consult the College Scorecard to compare similar institutions.
Data: Integrated Postsecondary Education Data System (IPEDS) 2022-23 Completions survey; College Scorecard June 2026; Database of Accredited Postsecondary Institutions and Programs (DAPIP), September 2026. Figures are the U.S. Department of Education's official measures, not Career Training Path's opinion. Tuition, schedules and program availability change — confirm with the school before enrolling.