Milan Institute of Cosmetology (385549)

www.milaninstitute.edu

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2020 Average Net Price
$23,381
After Financial Aid
2021 Default Rate
0%
on Student Loans
2019 Enrolled Students
43
100% Full-Time

About

Milan Institute of Cosmetology (385549) is a higher education institution located in Potter County, TX. In 2020, the most popular 1 to 2 Year Postsecondary Certificate concentrations at Milan Institute of Cosmetology (385549) were General Cosmetology (13 degrees awarded).

In 2020, 14 degrees were awarded across all undergraduate and graduate programs at Milan Institute of Cosmetology (385549). 78.6% of these degrees were awarded to women, and 21.4% awarded men. The most common race/ethnicity group of degree recipients was hispanic or latino (8 degrees), 2 times more than then the next closest race/ethnicity group, white (4 degrees).

In 2021 the default rate for borrower's at Milan Institute of Cosmetology (385549) was 0%, corresponding to 0 out of the 669 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 $23,381.

In 2020, 64% of undergraduate students attending Milan Institute of Cosmetology (385549) received financial aid through grants. Comparatively, 46% of undergraduate students received financial aid through loans.

Average Net Price

$23,381
2020 Value
2.91%
1 Year Growth

In 2020 Milan Institute of Cosmetology (385549) had an average net price — the price paid after factoring in grants and loans — of $23,381. Between 2019 and 2020, the average net price of Milan Institute of Cosmetology (385549) grew by 2.91%.

This chart compares the average net price of Milan Institute of Cosmetology (385549) (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

64%
Undergraduates Receiving Financial Aid through Grants
46%
Undergraduates Receiving Financial Aid through Loans

64% of undergraduate students at Milan Institute of Cosmetology (385549) received financial aid through grants or loans in 2020. This represents a growth of 12.3% with respect to 2019, when 57% of undergraduate students received financial aid.

This chart compares the average award discount at Milan Institute of Cosmetology (385549) (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.
0%
2021 Default Rate
0
Number of Defaults

In 2021 the default rate for borrower's at Milan Institute of Cosmetology (385549) was 0%, which represents 0 out of the 669 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

Milan Institute of Cosmetology (385549) had a total enrollment of 43 students in 2019. The full-time enrollment at Milan Institute of Cosmetology (385549) is 43 students and the part-time enrollment is 0. This means that 100% of students enrolled at Milan Institute of Cosmetology (385549) are enrolled full-time.

The enrolled student population at Milan Institute of Cosmetology (385549), both undergraduate and graduate, is 39.5% Hispanic or Latino, 30.2% White, 20.9% Black or African American, 4.65% Asian, and 2.33% Two or More Races.

Students enrolled at Milan Institute of Cosmetology (385549) in full-time Undergraduate programs are most commonly Hispanic or Latino Female (41.8%), followed by White Female (25.4%) and Black or African American Female (11.5%).

Full-Time vs Part-Time Enrollment

100%
Full-Time Enrollment

The total enrollment at Milan Institute of Cosmetology (385549) in 2019, both undergraduate and graduate, is 43 students. The full-time enrollment at Milan Institute of Cosmetology (385549) is 43 and the part-time enrollment is 0.

This chart shows the full-time vs part-time enrollment status at Milan Institute of Cosmetology (385549) (in red) compares to similar universities.

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Retention Rate over Time

29%
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 Milan Institute of Cosmetology (385549) was 29%.

This chart shows the retention rate over time at Milan Institute of Cosmetology (385549) (highlighted in red) compares to similar universities.

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2019)
  1. Hispanic or Latino
    17 enrolled students
  2. White
    13 enrolled students
  3. Black or African American
    9 enrolled students

The enrolled student population at Milan Institute of Cosmetology (385549) is 39.5% Hispanic or Latino, 30.2% White, 20.9% Black or African American, 4.65% Asian, and 2.33% Two or More Races. This includes both full-time and part-time students as well as graduate and undergraduates.

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Graduates

In 2020, 8 more women than men received degrees from Milan Institute of Cosmetology (385549). The most common race/ethnicity group of degree recipients at Milan Institute of Cosmetology (385549) is hispanic or latino (8 degrees awarded). There were 2 times more hispanic or latino recipients than the next closest race/ethnicity group, white (4 degrees).

The most common 1 to 2 Year Postsecondary Certificate concentration at Milan Institute of Cosmetology (385549) is General Cosmetology (13 degrees awarded).

In 2020,  the most specialized majors across all degree types at Milan Institute of Cosmetology (385549), meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Personal & Culinary Services (14 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 Milan Institute of Cosmetology (385549) are Chefs & head cooks (7,906 people), Cooks (2,655 people), Morticians, undertakers, & funeral directors (2,587 people), Food service managers (2,017 people), and Customer service representatives (1,079 people).

The most specialized majors at Milan Institute of Cosmetology (385549) in 2020 are Personal & Culinary Services (14 degrees awarded) (as of 2020).

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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 Milan Institute of Cosmetology (385549) are Chief executives & legislators, Lawyers, & judges, magistrates, & other judicial workers, Lodging managers, Financial managers, and Industrial production managers

The most specialized majors at Milan Institute of Cosmetology (385549) are Personal & Culinary Services (14 degrees awarded) (as of 2020).

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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 Milan Institute of Cosmetology (385549) are Restaurants & Food Services (10,934 people), uninformed (2,945 people), Funeral homes, & cemeteries & crematories (2,828 people), Elementary & secondary schools (2,087 people), and Traveler accommodation (1,672 people).

The most specialized majors at Milan Institute of Cosmetology (385549) are Personal & Culinary Services (14 degrees awarded) (as of 2020).

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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 Milan Institute of Cosmetology (385549).
General Cosmetology
Most Common (2020)
13 degrees awarded

In 2020, the most common 1 to 2 year postsecondary certificate concentration at Milan Institute of Cosmetology (385549) was General Cosmetology with 13 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from 1 to 2 year postsecondary certificate programs at Milan Institute of Cosmetology (385549) according to their major.

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Sex Breakdown for Common Majors

3
Degrees Awarded to Men
in 2020
11
Degrees Awarded to Women
in 2020

In 2020, 3 degrees were awarded to men at Milan Institute of Cosmetology (385549), which is 0.273 times less than the number of degrees awarded to females (11).

This chart displays the sex disparity between the top 5 majors at Milan Institute of Cosmetology (385549) by degrees awarded.

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Most Common Male Majors

In 2020, 3 degrees were awarded to men at Milan Institute of Cosmetology (385549) in General Cosmetology, which is 0.3 times less than the 10 female recipients with that same degree.

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Most Common Female Majors

In 2020, 10 degrees were awarded to men at Milan Institute of Cosmetology (385549) in General Cosmetology, which is 3.33 times more than the 3 male recipients with that same degree.

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Time to Complete

7%
100% Completion Time
18%
150% Completion Time

In 2020, 7% of students graduating from Milan Institute of Cosmetology (385549) completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 18% completed their degrees within 150% of the normal time, and 21% 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 (2020)
  1. Hispanic or Latino
    8 degrees awarded
  2. White
    4 degrees awarded
  3. Asian
    1 degrees awarded

The most common race/ethnicity at Milan Institute of Cosmetology (385549) is hispanic or latino (8 degrees awarded). There were 2 times more hispanic or latino recipients than the next closest race/ethnicity group, white (4 degrees).

0% of degree recipients (0 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic (2020)
  1. Hispanic or Latino Female
    7 degrees awarded
  2. White Female
    4 degrees awarded
  3. Black or African American Male
    1 degrees awarded

The most common race/ethnicity and sex grouping at Milan Institute of Cosmetology (385549) is hispanic or latino female (7 degrees awarded). There were 1.75 times more hispanic or latino female recipients than the next closest race/ethnicity group, white female (4 degrees).

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Operations

Salary Expenditure

$297k
2020 Salaries
8.61%
decline from 2019

In 2020, Milan Institute of Cosmetology (385549) paid a median of $297k in salaries, a 8.61% decline from the previous year. This is compared to a 10.8% growth between 2018 and 2019, and a 9.72% decline between 2017 and 2018.

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