M J
Murphy Beauty College of Mount Pleasant
For-profit College in Mount Pleasant, MI. Median 10-year earnings $20,720.
- ✓ 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. 88% of full-time first-years return for a second year — a healthy figure. At 11:1, students get materially more instructor contact than at a typical public university. 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 — 53 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 53 degree- or certificate-seeking undergraduates
At $6,374 a year on average after grant aid, cost is low here relative to most undergraduate institutions. Income makes less difference than usual: $4,824 at $0–30k, $4,313 at $75–110k. Most students get help: 89% receive grants worth $6,064 on average. Borrowing is widespread: 70% take federal loans.
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 · 28 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 | $4,824 |
| $30–48k | $6,522 |
| $48–75k | $7,400 |
| $75–110k | $4,313 |
| $110k+ | — |
IPEDS Student Financial Aid · 2023-24
Federal student loans went to 37 of these 53 students, totalling $216,000 — an average of $5,838 each.
IPEDS Student Financial Aid · 2023-24
Local housing costs
Typical rents near campus (Isabella County) — budget these against any cost-of-attendance housing estimate.
HUD Fair Market Rents (40th-percentile gross rent incl. utilities) · FY2026