Formations Institute
For-profit College in Enid, OK. Median 10-year earnings $22,058.
- ✓ 3-year loan default 0.0% — below national benchmark
Academics
This institution reports no six-year graduation rate. The federal measure only follows first-time, full-time students, so schools built around part-time or transfer enrollment often fall outside it entirely. 22% first-year retention is low enough to be the defining risk of enrolling here. A 9:1 ratio points to small classes and accessible faculty. Being a for-profit short-program school is the single most useful context for these numbers — the sector's spread is wide enough that the school-level figures matter more than usual. This is a small school — 73 undergraduates — so cohorts are tight and the program list is necessarily short.
Financial Aid
IPEDS Student Financial Aid · 2023-24 · grant and loan rates against 73 degree- or certificate-seeking undergraduates
Net price lands at $23,010 a year on average, neither cheap nor punishing. Net price varies modestly by income — $23,063 at $0–30k against $21,937 at $110k+ — so the average is a fair guide for most families. About 77% get grants averaging $4,827, so plan on the possibility of paying closer to full price. 66% of students borrow federally, so debt is the norm rather than the exception.
Entering first-year students
A different, smaller group than the rates above: full-time students in their first year of college anywhere. The grant series here also excludes the "other sources" counted in the all-undergraduate figure, so the two are not comparable.
IPEDS Student Financial Aid · 2023-24 · 21 students
Net price by family income
The same students as the headline above, limited to those who received Title IV federal aid — a narrower group, with a lower overall average. IPEDS publishes no combined figure across these bands, so they should not be averaged into one.
| Family income band | Average net price |
|---|---|
| $0–30k | $23,063 |
| $30–48k | — |
| $48–75k | $27,089 |
| $75–110k | — |
| $110k+ | $21,937 |
IPEDS Student Financial Aid · 2023-24
Federal student loans went to 48 of these 73 students, totalling $244,105 — an average of $5,086 each.
IPEDS Student Financial Aid · 2023-24
Local housing costs
Typical rents near campus (Garfield County) — budget these against any cost-of-attendance housing estimate.
HUD Fair Market Rents (40th-percentile gross rent incl. utilities) · FY2026