Magnolia College of Cosmetology

www.mcocjackson.com

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    2020 Average Net Price
    $13,065
    After Financial Aid
    2018 Default Rate
    23.9%
    on Student Loans
    2020 Enrolled Students
    42
    100% Full-Time

    About

    Magnolia College of Cosmetology is a higher education institution located in Hinds County, MS. In 2021, the most popular 1 to 2 Year Postsecondary Certificate concentrations at Magnolia College of Cosmetology were General Cosmetology (12 degrees awarded) and Cosmetology, Barber, & Nail Instructor (1 degrees).

    In 2021, 62 degrees were awarded across all undergraduate and graduate programs at Magnolia College of Cosmetology. 96.8% of these degrees were awarded to women, and 3.23% awarded men. The most common race/ethnicity group of degree recipients was black or african american (54 degrees), 18 times more than then the next closest race/ethnicity group, white (3 degrees).

    In 2018 the default rate for borrower's at Magnolia College of Cosmetology was 23.9%, corresponding to 32 out of the 134 total borrowers.

    Not applicable, not in Carnegie universe (not accredited or nondegree-granting)Unknown

    Costs

    After taking grants and loans into account, the average net price for students is $13,065.

    In 2020, 91% of undergraduate students attending Magnolia College of Cosmetology received financial aid through grants. Comparatively, 86% of undergraduate students received financial aid through loans.

    Average Net Price

    $13,065
    2020 Value
    7.52%
    1 Year Growth

    In 2020 Magnolia College of Cosmetology had an average net price — the price paid after factoring in grants and loans — of $13,065. Between 2019 and 2020, the average net price of Magnolia College of Cosmetology grew by 7.52%.

    This chart compares the average net price of Magnolia College of Cosmetology (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.

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    Financial Aid by Income Level

    91%
    Undergraduates Receiving Financial Aid through Grants
    86%
    Undergraduates Receiving Financial Aid through Loans

    91% of undergraduate students at Magnolia College of Cosmetology received financial aid through grants or loans in 2020. This represents a growth of 35.8% with respect to 2019, when 67% of undergraduate students received financial aid.

    This chart compares the average award discount at Magnolia College of Cosmetology (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.

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    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.
    23.9%
    2018 Default Rate
    32
    Number of Defaults

    In 2018 the default rate for borrower's at Magnolia College of Cosmetology was 23.9%, which represents 32 out of the 134 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.

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    Enrollment

    Magnolia College of Cosmetology had a total enrollment of 42 students in 2020. The full-time enrollment at Magnolia College of Cosmetology is 42 students and the part-time enrollment is 0. This means that 100% of students enrolled at Magnolia College of Cosmetology are enrolled full-time.

    The enrolled student population at Magnolia College of Cosmetology, both undergraduate and graduate, is 88.1% Black or African American and 11.9% White.

    Students enrolled at Magnolia College of Cosmetology in full-time Undergraduate programs are most commonly Black or African American Female (81.2%), followed by White Female (14.1%) and Black or African American Male (3.53%).

    Full-Time vs Part-Time Enrollment

    100%
    Full-Time Enrollment

    The total enrollment at Magnolia College of Cosmetology in 2020, both undergraduate and graduate, is 42 students. The full-time enrollment at Magnolia College of Cosmetology is 42 and the part-time enrollment is 0.

    This chart shows the full-time vs part-time enrollment status at Magnolia College of Cosmetology (in red) compares to similar universities.

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    Retention Rate over Time

    100%
    2020 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 Magnolia College of Cosmetology was 100%.

    This chart shows the retention rate over time at Magnolia College of Cosmetology (highlighted in red) compares to similar universities.

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    Enrollment by Race & Ethnicity

    Most Common Race or Ethnicity (2020)
    1. Black or African American
      37 enrolled students
    2. White
      5 enrolled students

    The enrolled student population at Magnolia College of Cosmetology is 88.1% Black or African American and 11.9% White. This includes both full-time and part-time students as well as graduate and undergraduates.

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    Graduates

    In 2021, 58 more women than men received degrees from Magnolia College of Cosmetology. The most common race/ethnicity group of degree recipients at Magnolia College of Cosmetology is black or african american (54 degrees awarded). There were 18 times more black or african american recipients than the next closest race/ethnicity group, white (3 degrees).

    The most common 1 to 2 Year Postsecondary Certificate concentration at Magnolia College of Cosmetology is General Cosmetology (12 degrees awarded), followed by Cosmetology, Barber, & Nail Instructor (1 degrees).

    In 2021,  the most specialized majors across all degree types at Magnolia College of Cosmetology, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Personal & Culinary Services (62 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 Magnolia College of Cosmetology 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 Magnolia College of Cosmetology in 2021 are Personal & Culinary Services (62 degrees awarded) (as of 2021).

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    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 Magnolia College of Cosmetology are Chief executives & legislators, Lawyers, & judges, magistrates, & other judicial workers, Lodging managers, Construction managers, and Operations research analysts

    The most specialized majors at Magnolia College of Cosmetology are Personal & Culinary Services (62 degrees awarded) (as of 2021).

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    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 Magnolia College of Cosmetology 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 Magnolia College of Cosmetology are Personal & Culinary Services (62 degrees awarded) (as of 2021).

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    Majors Awarded

    IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Magnolia College of Cosmetology.
    Most Common (2021)
    1. General Cosmetology
      12 degrees awarded
    2. Cosmetology, Barber, & Nail Instructor
      1 degrees awarded

    In 2021, the most common 1 to 2 year postsecondary certificate concentration at Magnolia College of Cosmetology was General Cosmetology with 12 degrees awarded.

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

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    Sex Breakdown for Common Majors

    2
    Degrees Awarded to Men
    in 2021
    60
    Degrees Awarded to Women
    in 2021

    In 2021, 2 degrees were awarded to men at Magnolia College of Cosmetology, which is 0.0333 times less than the number of degrees awarded to females (60).

    This chart displays the sex disparity between the top 5 majors at Magnolia College of Cosmetology by degrees awarded.

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    Most Common Male Majors

    In 2021, 1 degrees were awarded to men at Magnolia College of Cosmetology in Nail Specialist & Manicurist, which is 0.0385 times less than the 26 female recipients with that same degree.

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    Most Common Female Majors

    In 2021, 26 degrees were awarded to men at Magnolia College of Cosmetology in Nail Specialist & Manicurist, which is 26 times more than the 1 male recipients with that same degree.

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    Time to Complete

    2%
    100% Completion Time
    50%
    150% Completion Time

    In 2020, 2% of students graduating from Magnolia College of Cosmetology completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 50% completed their degrees within 150% of the normal time, and 50% 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.

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    Race & Ethnicity by Share

    Most Common Student Race or Ethnicity (2021)
    1. Black or African American
      54 degrees awarded
    2. White
      3 degrees awarded
    3. Asian
      1 degrees awarded

    The most common race/ethnicity at Magnolia College of Cosmetology is black or african american (54 degrees awarded). There were 18 times more black or african american recipients than the next closest race/ethnicity group, white (3 degrees).

    3.23% of degree recipients (2 students) did not report their race.

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    Race & Ethnicity by Sex

    Most Common Sex Demographic (2021)
    1. Black or African American Female
      82 degrees awarded
    2. Black or African American Female
      81 degrees awarded
    3. Black or African American Female
      81 degrees awarded

    The most common race/ethnicity and sex grouping at Magnolia College of Cosmetology is black or african american female (82 degrees awarded). There were 1.01 times more black or african american female recipients than the next closest race/ethnicity group, black or african american female (81 degrees).

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