Phagans Beauty College
For-profit College in Corvallis, OR. Six-year graduation rate 86%. Median 10-year earnings $33,102.
Ten-year median earnings of $33,102 are on the low side, which raises the bar for what this degree needs to cost. 86% graduate within six years, so most students who start here finish here. Borrowing stays contained, with median debt at graduation of $8,974.
Earnings: College Scorecard, median ten years after entry across students who received federal aid — completers and non-completers alike.
- ✓ Debt-to-income ratio 0.27 — healthy (below the 0.40 threshold)
- ✓ Graduation rate 86% — well above the national average
- ✓ 3-year loan default 0.0% — below national benchmark
Academics
A 86% six-year graduation rate is the strongest academic signal on this page. First-year retention of 91% shows the cohort holds together through the hardest year. A 7:1 ratio points to small classes and accessible faculty. As a for-profit two-year institution, 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. This is a small school — 103 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 103 degree- or certificate-seeking undergraduates
At $9,885 a year on average after grant aid, cost is low here relative to most undergraduate institutions. The gap between the $0–30k and $110k+ bands is narrow ($11,479 versus $17,138), meaning aid is not strongly need-weighted. 60% of students receive grant aid, averaging $6,846 — common but not automatic. 55% 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 · 55 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 | $11,479 |
| $30–48k | $9,946 |
| $48–75k | $17,138 |
| $75–110k | $17,138 |
| $110k+ | $17,138 |
IPEDS Student Financial Aid · 2023-24
Federal student loans went to 57 of these 103 students, totalling $390,371 — an average of $6,849 each.
IPEDS Student Financial Aid · 2023-24
Local housing costs
Typical rents near campus (Benton County) — budget these against any cost-of-attendance housing estimate.
HUD Fair Market Rents (40th-percentile gross rent incl. utilities) · FY2026