Formations Institute
of Cosmetology & Barbering
For-profit College in Woodward, OK. Median 10-year earnings $17,260.
- ✓ 3-year loan default 0.0% — below national benchmark
Academics
No six-year graduation rate is reported for this institution, which is common for schools whose students are mostly part-time, transfer in, or enroll in short programs that the federal cohort measure does not track. Its absence is not itself a bad sign, but it does remove the clearest completion signal. First-year retention of 80% shows the cohort holds together through the hardest year. At 10:1, students get materially more instructor contact than at a typical public university. As a for-profit short-program school, outcomes here deserve a harder look than the sector average suggests: for-profit institutions vary enormously, and the sector's aggregate numbers hide both strong and very weak performers.
Financial Aid
IPEDS Student Financial Aid · 2023-24 · grant and loan rates against 56 degree- or certificate-seeking undergraduates
Average net price after grant aid is $16,085 a year — mid-range for a four-year institution. Income makes less difference than usual: $17,284 at $0–30k, $13,992 at $48–75k. About 70% get grants averaging $4,870, so plan on the possibility of paying closer to full price. Most students borrow — 71% take federal loans to cover the gap.
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 · 15 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 | $17,284 |
| $30–48k | $12,934 |
| $48–75k | $13,992 |
| $75–110k | — |
| $110k+ | — |
IPEDS Student Financial Aid · 2023-24
Federal student loans went to 40 of these 56 students, totalling $194,331 — an average of $4,858 each.
IPEDS Student Financial Aid · 2023-24
Local housing costs
Typical rents near campus (Woodward County) — budget these against any cost-of-attendance housing estimate.
HUD Fair Market Rents (40th-percentile gross rent incl. utilities) · FY2026