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Formations Institute

Enid, OK 73703-4538 — Private For-Profit

Value Score: 60/100

Graduation Rate: 58.1%

Median Earnings (10yr): $22,058

Student Body Size: 39 (small)

Pell Grant Recipients: 71.2% | Federal Loan Rate: 65.8%

Graduate Outcomes & Return on Investment

58.1% of students at Formations Institute complete their degree, 6% below the national average. This is below average — prospective students should investigate support services and retention programs.

Graduates of Formations Institute earn a median salary of $22,058 ten years after enrollment, 46% below the national average.

Financial Aid Profile

71.2% of students at Formations Institute receive Pell Grants (federal need-based aid for families earning under ~$60,000), 116% above the national average. This high Pell rate indicates the school serves a large proportion of lower-income students and likely has strong need-based aid programs.

65.8% of students take federal loans, 40% above the national average. This high borrowing rate means most students need loans to attend. Factor loan payments into your decision carefully.

Student Body & Campus Diversity

Formations Institute enrolls 39 undergraduate students. As a small institution, students can expect smaller class sizes, closer faculty relationships, and a tight-knit campus community.

Diversity Index: 36/100 (higher = more diverse). The student body is less diverse than average.

Student body composition: White 79%, Hispanic 8%, Black 8%, Asian 0%.

Formations Institute: Graduation and Earnings Below National Averages

Report Card: Overall Grade D

Formations Institute receives an overall grade of D based on six dimensions:

  • Academics: C-
  • Outcomes: F

College Analysis

Formations Institute is a Private For-Profit institution in Enid, OK with approximately 39 students. Formations Institute has a graduation rate of 58.06%, slightly below the national average for private for-profit institutions. The median earnings 10 years after graduation are $22,058, which is below the national average for similar institutions. The student body is predominantly white, with no reported Asian students, which may limit diversity. The small size of the institution may offer personalized attention but could also limit resources and program offerings.

The Verdict: Is Formations Institute Worth It?

The Formations Institute presents a challenging value proposition, primarily due to its extremely low median earnings of $22,058 over a 10-year period. This figure is significantly below the national average for college graduates and even many vocational training programs. Without knowing the tuition costs or median debt, a precise ROI calculation is impossible, but the reported earnings suggest a potentially poor return on investment. If tuition and fees are even moderately high, graduates could face a very long debt payoff timeline, potentially exceeding a decade, assuming they incur debt. Compared to public institutions or even other for-profit programs with higher earning potentials, Formations Institute appears to be an overpriced option unless its tuition is exceptionally low and its programs offer highly specialized, in-demand skills not reflected in the median earnings. The lack of readily available data on admission rates, tuition, and debt further raises concerns about transparency. Recommendation: Proceed with extreme caution. Thoroughly investigate all costs, program specifics, and potential career outcomes before committing. If the goal is a high-earning career, other institutions likely offer better value.

Return on Investment

The degree may not be worth the cost given the lower graduation rates and median earnings compared to peer institutions.

Strengths

  • Small class sizes and personalized attention.
  • Located in Enid, OK, which may offer lower living costs.

Weaknesses

  • Graduation rate and median earnings are below national averages.
  • Predominantly white student body with no reported Asian students.

Academic Profile

Formations Institute, with its small student population of 39, prioritizes a highly personalized academic approach. While specific departmental strengths are not detailed, the institute's nature as a private, for-profit entity suggests a focus on vocational, technical, or career-oriented programs designed to equip students with marketable skills. Faculty quality, while not directly measurable by salary data (N/A), is likely characterized by industry experience and a commitment to practical, hands-on instruction. The extremely low student-to-faculty ratio, implied by the small total enrollment, means students receive significant individual attention. Research opportunities may be limited in the traditional academic sense but could be integrated into capstone projects or specialized coursework directly related to the programs offered. Academic support resources would likely be tailored to individual student needs, with instructors providing direct guidance and mentorship. Honors programs and study abroad are generally not features of this type of institution, which concentrates on delivering specific, job-ready training. The curriculum is expected to be intensive and directly aligned with industry standards in its chosen fields.

Financial Aid Guide for Formations Institute

Pell Grant recipients: 71.2%. Students taking federal loans: 65.8%.

Navigating financial aid at Formations Institute requires a direct approach, given its private, for-profit status and limited public data. As a for-profit institution, federal student aid, including Pell Grants and federal loans, is a primary source of funding for many students. The Federal Loan Rate is a key indicator of reliance on this aid. Merit-based aid is less common at such institutions; the focus is typically on providing access through federal and potentially private loans. Need-based aid will be determined by the Free Application for Federal Student Aid (FAFSA). Given the median earnings of $22,058 after 10 years, it's crucial for prospective students to carefully consider the total cost of education against future earning potential. Work-study opportunities might be available, but are often limited in smaller, specialized institutions. Typical aid packages will likely consist of federal loans, potentially supplemented by Pell Grants for eligible students. Scholarship opportunities outside of federal aid are rare and would likely be program-specific or offered by external organizations. Negotiating aid is generally not a strong suit at for-profit schools; aid packages are often standardized based on federal regulations and program costs. Prospective students should meticulously calculate the total out-of-pocket expenses after all aid is applied and compare this to their projected post-graduation income.

Hidden Costs at Formations Institute

  • Off-campus housing in Enid, OK, can range from $600 to $900 per month for a one-bedroom apartment.
  • A typical meal plan or grocery budget for a student could be between $300 and $500 per month.
  • Textbooks and course materials can cost an estimated $500 to $1,000 per academic year.
  • Student activity or technology fees, if applicable, might add $100 to $300 per semester.
  • Transportation costs, including gas and vehicle maintenance for commuting in Enid, could average $100 to $200 per month.
  • Parking permits, if required for off-campus students accessing facilities, might be around $50 to $150 per year.
  • Health insurance, if not covered by a parent's plan or a provided student plan, could cost $1,500 to $3,000 annually.

Alumni Outcomes & Career Paths

Graduates from the Formations Institute in Enid, OK, face a unique job market landscape, largely shaped by the school's small size and for-profit status. With only 39 students, the institute likely fosters a close-knit community, but this also means a limited alumni network and potentially fewer established pipelines to major employers. Specific major employers that actively recruit from Formations Institute are not widely publicized, suggesting graduates may need to be proactive in their job searches. Industries where alumni tend to cluster are likely to be those directly aligned with the institute's specific program offerings, which are not detailed here. Given the for-profit nature and small student body, robust graduate school placement rates are less common, with most graduates entering the workforce directly. Notable alumni are also not prominently featured, indicating a focus on immediate career entry rather than cultivating high-profile figures. The quality of career services is crucial for such a small institution; while they may offer personalized attention, their reach and effectiveness in connecting students with opportunities in larger markets are key considerations. Internship pipelines are likely developed through local partnerships rather than broad, national programs. Geographic hiring patterns for Formations Institute graduates would predominantly be within Oklahoma and surrounding states, particularly in sectors relevant to the institute's vocational or technical training, if applicable. Without specific program details, it's difficult to name exact industries, but common areas for for-profit institutions include healthcare support, IT, and skilled trades.

Campus Life & Culture at Formations Institute

The student body at Formations Institute is exceptionally small, suggesting a highly cohesive group of individuals united by specific career aspirations. Diversity metrics are not available, but the intimate setting likely encourages strong interpersonal connections among students from various backgrounds who are all focused on professional development.

Formations Institute, nestled in Enid, Oklahoma, offers a uniquely intimate educational experience, largely due to its exceptionally small student body of just 39 individuals. This size fosters a close-knit community where students and faculty know each other well, creating a supportive and collaborative environment. Social life is less about large-scale events and more about shared experiences within smaller groups. Given its private, for-profit nature and specialized focus, the campus culture likely revolves heavily around academic pursuits and professional development. Student organizations, if present, would be highly specialized, catering to the specific vocational or technical fields offered. Athletics and Greek life are unlikely to be significant components of the student experience at an institution of this size and type. The 'vibe' is one of focused learning and direct engagement with instructors, with opportunities for social interaction stemming from shared academic interests and perhaps local community involvement in Enid. Housing and dining are not typically provided on-campus for such specialized institutes; students usually arrange their own accommodations and meals in the Enid area, which offers a range of local eateries and apartment complexes.

Campus Highlights

  • Extremely small student-to-faculty ratio fostering personalized instruction.
  • Focus on career-specific training for direct entry into the workforce.
  • Intimate community environment where students are well-known.
  • Direct engagement with instructors who likely have industry experience.
  • Potential for specialized, hands-on learning experiences.
  • Location in Enid, OK, offering a smaller city living experience.

Location & Regional Advantages

Enid, Oklahoma, offers a distinct regional context for Formations Institute graduates. The local job market is primarily driven by agriculture, oil and gas, and a growing healthcare sector. While Enid provides a lower cost of living compared to major metropolitan areas, this also means fewer high-paying job opportunities and a more limited range of industries. Proximity to larger industry hubs is a factor; Oklahoma City is about a two-hour drive away, offering more diverse employment options, particularly in energy, aerospace, and technology. Tulsa is also within reach, though further. The quality of life in Enid is characterized by a small-town feel, which can be appealing to some but may lack the cultural amenities and entertainment options found in larger cities. Weather is typical of the Great Plains, with hot summers and cold winters, and occasional severe weather events. Safety is generally considered good in Enid, aligning with many mid-sized American towns. The geographic location's primary impact on career opportunities post-graduation is a tendency for alumni to remain in the region, seeking roles within the established local industries or commuting to larger centers like Oklahoma City. This geographic concentration can be an advantage for those seeking local employment but a disadvantage for those aiming for national or international careers without significant relocation efforts.

How to Get Into Formations Institute

Gaining admission to Formations Institute, with its highly selective nature due to its small size, requires a focused application. Since specific GPA or test score ranges are not provided, and the admission rate is N/A, applicants should assume a competitive process. The admissions office likely values a clear demonstration of interest in the specific vocational or technical programs offered. Prospective students should articulate their career goals and how Formations Institute's curriculum aligns with them in their application essays. Highlighting any relevant prior experience, even informal, can be beneficial. Early Decision or Early Action advantages are unlikely to be a significant factor given the school's structure. The timeline should involve submitting all required documentation well in advance of any stated deadlines, paying close attention to any prerequisites for specific programs. A strong emphasis should be placed on the applicant's motivation and commitment to completing a career-focused education.

How Formations Institute Compares to Similar Schools

Similar schools: Oklahoma State University Institute of Technology (Okmulgee, OK), Francis Tuttle Technology Center (Oklahoma City, OK), Tulsa Technology Center (Tulsa, OK), Western Governors University (Online)

Advantages

  • Potentially more personalized attention due to extremely small student body.
  • Focus on specific, niche vocational training if programs are unique.
  • Lower cost of living in Enid compared to larger metropolitan areas.

Disadvantages

  • Significantly lower median earnings compared to most comparable institutions.
  • Limited alumni network and brand recognition.
  • Lack of transparency regarding costs, debt, and specific program outcomes.

Best For

  • Prospective students interested in personalized attention and small class sizes.
  • Students seeking entry-level roles in their field of study.

Avoid If

  • Students looking for a diverse student body and a wide range of resources and programs may want to consider other options.
  • Individuals seeking higher median earnings 10 years after graduation may need to explore other institutions.

Frequently Asked Questions about Formations Institute

How much does it cost to attend Formations Institute?

In-state tuition at Formations Institute is N/A per year, and out-of-state tuition is N/A per year.

What is the graduation rate at Formations Institute?

Formations Institute has a graduation rate of 58.1%.

How much do Formations Institute graduates earn?

The median earnings for Formations Institute graduates 10 years after enrollment is $22,058.

How big is Formations Institute?

Formations Institute has approximately 39 students and is classified as a small institution. It is located in Enid, OK and is a Private For-Profit institution.

Where is Formations Institute located?

Formations Institute is located in Enid, OK. It is a Private For-Profit institution with approximately 39 students.

Is Formations Institute a good college?

Formations Institute has a graduation rate of 58.1% and median post-graduation earnings of $22,058. Graduation rate of 58.06% is below the national average for private for-profit institutions.

How does Formations Institute compare to similar colleges?

Median earnings 10 years after graduation are $22,058, which is below the national average. Compared to peer institutions, Formations Institute has lower graduation rates and median earnings.

What career prospects do Formations Institute graduates have?

Graduates may find career opportunities in entry-level roles but may need additional training or education for higher-paying positions.

What should prospective students know about Formations Institute?

Formations Institute is positioned in a niche market for small, private, for-profit institutions, which may limit its appeal to a broader audience.

What makes Formations Institute stand out?

Predominantly white student body with no reported Asian students.

What are the pros and cons of attending Formations Institute?

Small institution size may offer personalized attention but could limit resources.

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Visit Formations Institute official website

View on College Scorecard (Dept. of Education)

Analysis based on U.S. Department of Education data. Not enrollment advice. Verify information with the institution directly.