Formations Institute of Cosmetology & Barbering

formationsinstitute.edu

2024 Average Net Price

$16,085

After Financial Aid

2023 Default Rate

2.86%

on Student Loans

2024 Enrolled Students

100% Full-Time

Costs

After taking grants and loans into account, the average net price for students is $16,085.

In 2024, 70% of undergraduate students attending Formations Institute of Cosmetology & Barbering received financial aid through grants. Comparatively, 71% of undergraduate students received financial aid through loans.

Average Net Price

$16,085

2024 Value

13.2%

1 Year Growth

In 2024 Formations Institute of Cosmetology & Barbering had an average net price — the price paid after factoring in grants and loans — of $16,085. Between 2023 and 2024, the average net price of Formations Institute of Cosmetology & Barbering grew by 13.2%.

This chart compares the average net price of Formations Institute of Cosmetology & Barbering (in red) with that of other similar universities.

Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

Financial Aid by Income Level

70%

Undergraduates Receiving Financial Aid through Grants

71%

Undergraduates Receiving Financial Aid through Loans

70% of undergraduate students at Formations Institute of Cosmetology & Barbering received financial aid through grants or loans in 2024. This represents a decline of 6.67% with respect to 2023, when 75% of undergraduate students received financial aid.

This chart compares the average award discount at Formations Institute of Cosmetology & Barbering (in red) with that of other similar universities.

The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

Student Loan Default Rate

Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.

2.86%

2023 Default Rate

Number of Defaults

In 2023 the default rate for borrower's at Formations Institute of Cosmetology & Barbering was 2.86%, which represents 1 out of the 35 total borrowers.

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

Enrollment

Formations Institute of Cosmetology & Barbering had a total enrollment of 29 students in 2024. The full-time enrollment at Formations Institute of Cosmetology & Barbering is 29 students and the part-time enrollment is 0. This means that 100% of students enrolled at Formations Institute of Cosmetology & Barbering are enrolled full-time.

The enrolled student population at Formations Institute of Cosmetology & Barbering, both undergraduate and graduate, is 75.9% White, 17.2% Hispanic or Latino, and 6.9% American Indian or Alaska Native.

Students enrolled at Formations Institute of Cosmetology & Barbering in full-time Undergraduate programs are most commonly White Female (60%), followed by Hispanic or Latino Female (16.7%) and White Male (13.3%).

Full-Time vs Part-Time Enrollment

100%

Full-Time Enrollment

The total enrollment at Formations Institute of Cosmetology & Barbering in 2024, both undergraduate and graduate, is 29 students. The full-time enrollment at Formations Institute of Cosmetology & Barbering is 29 and the part-time enrollment is 0.

This chart shows the full-time vs part-time enrollment status at Formations Institute of Cosmetology & Barbering (in red) compares to similar universities.

Retention Rate over Time

80%

2024 Retention Rate

Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall. The retention rate for full-time undergraduates at Formations Institute of Cosmetology & Barbering was 80%.

This chart shows the retention rate over time at Formations Institute of Cosmetology & Barbering (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2024)

White
22 enrolled students
Hispanic or Latino
5 enrolled students
American Indian or Alaska Native
2 enrolled students

The enrolled student population at Formations Institute of Cosmetology & Barbering is 75.9% White, 17.2% Hispanic or Latino, and 6.9% American Indian or Alaska Native. This includes both full-time and part-time students as well as graduate and undergraduates.

Graduates

In 2024, 18 more women than men received degrees from Formations Institute of Cosmetology & Barbering. The most common race/ethnicity group of degree recipients at Formations Institute of Cosmetology & Barbering is white (18 degrees awarded). There were 4.5 times more white recipients than the next closest race/ethnicity group, hispanic or latino (4 degrees).

The most common 1 to 2 Year Postsecondary Certificate concentration at Formations Institute of Cosmetology & Barbering is General Cosmetology (9 degrees awarded), followed by Barbering (6 degrees) and Cosmetology, Barber, & Nail Instructor (1 degrees).

In 2024, the most specialized majors across all degree types at Formations Institute of Cosmetology & Barbering, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Personal & Culinary Services (26 degrees awarded).

Common Jobs by Major

Chefs & head cooks

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Formations Institute of Cosmetology & Barbering are Chefs & head cooks (8,029 people), Morticians, undertakers, & funeral directors (2,563 people), Cooks (2,527 people), Food service managers (2,129 people), and Other managers (1,234 people).

The most specialized majors at Formations Institute of Cosmetology & Barbering in 2024 are Personal & Culinary Services (26 degrees awarded) (as of 2024).

Highest Paying Jobs by Major

Chief executives & legislators

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Formations Institute of Cosmetology & Barbering are Chief executives & legislators, Lawyers, & judges, magistrates, & other judicial workers, Lodging managers, Construction managers, and Operations research analysts

The most specialized majors at Formations Institute of Cosmetology & Barbering are Personal & Culinary Services (26 degrees awarded) (as of 2024).

Common Industries by Major

Restaurants & Food Services

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Formations Institute of Cosmetology & Barbering are Restaurants & Food Services (10,067 people), Funeral homes, & cemeteries & crematories (2,964 people), Elementary & secondary schools (2,291 people), Traveler accommodation (1,906 people), and Construction (1,185 people).

The most specialized majors at Formations Institute of Cosmetology & Barbering are Personal & Culinary Services (26 degrees awarded) (as of 2024).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Formations Institute of Cosmetology & Barbering.

Most Common (2024)

General Cosmetology
9 degrees awarded
Barbering
6 degrees awarded
Cosmetology, Barber, & Nail Instructor
1 degrees awarded

In 2024, the most common 1 to 2 year postsecondary certificate concentration at Formations Institute of Cosmetology & Barbering was General Cosmetology with 9 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from 1 to 2 year postsecondary certificate programs at Formations Institute of Cosmetology & Barbering according to their major.

Sex Breakdown for Common Majors

Degrees Awarded to Men

in 2024

Degrees Awarded to Women

in 2024

In 2024, 4 degrees were awarded to men at Formations Institute of Cosmetology & Barbering, which is 0.182 times less than the number of degrees awarded to females (22).

This chart displays the sex disparity between the top 5 majors at Formations Institute of Cosmetology & Barbering by degrees awarded.

Most Common Male Majors

In 2024, 3 degrees were awarded to men at Formations Institute of Cosmetology & Barbering in Barbering, which is 1 times approximately the same the 3 female recipients with that same degree.

Most Common Female Majors

In 2024, 9 degrees were awarded to women at Formations Institute of Cosmetology & Barbering in General Cosmetology. There were no male recipients with the same degree.

Time to Complete

44%

100% Completion Time

60%

150% Completion Time

In 2024, 44% of students graduating from Formations Institute of Cosmetology & Barbering completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 60% completed their degrees within 150% of the normal time, and 60% within 200%.

The following chart shows these completion rates over time compared to the average for the Carnegie Classification group.

Graduation rate is defined as the percentage of full-time, first-time students who received a degree or award within a specific percentage of "normal time" to completion for their program.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2024)

White
18 degrees awarded
Hispanic or Latino
4 degrees awarded
American Indian or Alaska Native
2 degrees awarded

The most common race/ethnicity at Formations Institute of Cosmetology & Barbering is white (18 degrees awarded). There were 4.5 times more white recipients than the next closest race/ethnicity group, hispanic or latino (4 degrees).

Race & Ethnicity by Sex

Most Common Sex Demographic (2024)

White Female
27 degrees awarded
White Female
21 degrees awarded
White Female
21 degrees awarded

The most common race/ethnicity and sex grouping at Formations Institute of Cosmetology & Barbering is white female (27 degrees awarded). There were 1.29 times more white female recipients than the next closest race/ethnicity group, white female (21 degrees).

Formations Institute of Cosmetology & Barbering

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Formations Institute of Cosmetology & Barbering

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About

Costs

Average Net Price

Financial Aid by Income Level

Student Loan Default Rate

Enrollment

Full-Time vs Part-Time Enrollment

Retention Rate over Time

Enrollment by Race & Ethnicity

Graduates

Common Jobs by Major

Highest Paying Jobs by Major

Common Industries by Major

Majors Awarded

Sex Breakdown for Common Majors

Most Common Male Majors

Most Common Female Majors

Time to Complete

Race & Ethnicity by Share

Race & Ethnicity by Sex

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