Formations Institute of Cosmetology & Barbering
Woodward, OK 73801 — Private For-Profit
Value Score: 50/100
Graduation Rate: 56.7%
Median Earnings (10yr): $17,260
Student Body Size: 29 (small)
Pell Grant Recipients: 62.5% | Federal Loan Rate: 71.4%
Graduate Outcomes & Return on Investment
56.7% of students at Formations Institute of Cosmetology & Barbering complete their degree, 9% below the national average. This is below average — prospective students should investigate support services and retention programs.
Graduates of Formations Institute of Cosmetology & Barbering earn a median salary of $17,260 ten years after enrollment, 58% below the national average.
Financial Aid Profile
62.5% of students at Formations Institute of Cosmetology & Barbering receive Pell Grants (federal need-based aid for families earning under ~$60,000), 89% 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.
71.4% of students take federal loans, 52% 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 of Cosmetology & Barbering enrolls 29 undergraduate students. As a small institution, students can expect smaller class sizes, closer faculty relationships, and a tight-knit campus community.
Diversity Index: 39/100 (higher = more diverse). The student body is less diverse than average.
Student body composition: White 76%, Hispanic 17%, Black 0%, Asian 0%.
Formations Institute of Cosmetology & Barbering: Small, Private For-Profit Institution with Personalized Training and Limited Diversity
- Formations Institute: Launch Your Beauty Career in Rural Oklahoma
- Woodward's Beauty School: Assessing the ROI for Aspiring Cosmetologists
- Beyond the Scissors: What Happens After Graduating from Formations Institute?
Report Card: Overall Grade D
Formations Institute of Cosmetology & Barbering receives an overall grade of D based on six dimensions:
- Academics: C-
- Outcomes: F
College Analysis
Formations Institute of Cosmetology & Barbering is a Private For-Profit institution in Woodward, OK with approximately 29 students. Academics: Offers a 1-year cosmetology program and a 1.5-year barbering program. Value: Small student body size allows for personalized attention and hands-on training. Outcomes: Graduation rate is 56.72%, with median earnings 10 years post-graduation at $17,260. Unique Observations: 75.86% of students are white, and there are no black or Asian students, indicating a demographic skew.
The Verdict: Is Formations Institute of Cosmetology & Barbering Worth It?
Formations Institute of Cosmetology & Barbering presents a challenging value proposition. With a median earnings figure of $17,260 over a 10-year period, and no readily available data on tuition costs or median debt, a direct cost-benefit analysis is difficult. However, the reported median earnings are exceptionally low, suggesting that graduates may struggle to recoup any significant investment in their education. For context, many entry-level positions in unrelated fields can command higher starting salaries. Without knowing the tuition, it's impossible to calculate a precise debt-payoff timeline, but given the low median earnings, it's likely to be extended. If tuition is even moderately high, this school may represent a poor financial investment. It could be considered a 'hidden gem' only if the tuition is exceptionally low and the training provides a direct, reliable path to stable employment, even at lower wage levels. However, based on the provided earnings data alone, it appears overpriced for the potential financial return.
Return on Investment
Given the lower median earnings and graduation rate, the degree may not be as cost-effective as other options, but the personalized training could be valuable for some students.
Strengths
- Personalized training and small class sizes
- Hands-on learning opportunities
Weaknesses
- Low graduation rate
- Lower median earnings 10 years post-graduation
Academic Profile
The Formations Institute of Cosmetology & Barbering offers a highly specialized academic experience focused on practical, hands-on training for careers in the beauty industry. The primary programs are in Cosmetology and Barbering, designed to equip students with the technical skills, client management abilities, and industry knowledge required to excel. Given the school's size and for-profit nature, the academic strengths lie in the direct applicability of the curriculum to industry standards and employer expectations. Faculty quality, while not directly measurable by traditional metrics like faculty salary (which is unavailable), is likely characterized by experienced professionals who have worked extensively in the field. Their expertise is crucial for imparting the practical techniques and current trends that students need to succeed. Student-faculty ratio is implicitly very low due to the small student body of 29, allowing for significant individual attention and personalized instruction. There are no traditional research opportunities or honors programs as found in liberal arts institutions. Academic support is integrated into the program through direct instructor guidance, practical feedback during training sessions, and potentially career services assistance for job placement. The curriculum is likely updated regularly to reflect the latest techniques, safety protocols, and product knowledge in cosmetology and barbering.
Financial Aid Guide for Formations Institute of Cosmetology & Barbering
Pell Grant recipients: 62.5%. Students taking federal loans: 71.4%.
Navigating financial aid at the Formations Institute of Cosmetology & Barbering requires a direct approach, as detailed data on aid packages is limited. As a private for-profit institution, federal financial aid, including Pell Grants and federal student loans, is likely the primary source of funding for most students. The Federal Loan Rate is not provided, but it's reasonable to assume a significant portion of students utilize these loans to cover costs. Merit-based aid is uncommon in vocational programs like these; aid is typically need-based, determined by your FAFSA application. For students with lower Expected Family Contributions (EFC), Pell Grants could cover a portion of tuition, though specific grant amounts vary annually. Federal Direct Subsidized and Unsubsidized Loans are likely available, with annual limits depending on your year in school. Work-study opportunities might be limited given the intensive program schedule, but it's worth inquiring about. Typical aid packages will vary greatly based on individual financial circumstances. Students from lower-income households might see Pell Grants and federal loans covering most of the tuition and living expenses. Those with higher incomes may rely more heavily on unsubsidized loans. Scholarship opportunities outside of federal aid are scarce for specialized vocational schools; focus your efforts on institutional aid inquiries and federal programs. Negotiating aid is generally not a strong point at for-profit institutions; aid is usually determined by federal formulas and institutional cost structures rather than negotiation.
Hidden Costs at Formations Institute of Cosmetology & Barbering
- Toolkits and professional supplies: Expect to purchase a comprehensive set of professional tools, including clippers, shears, brushes, and styling products, likely costing between $500 and $1,500.
- Uniforms: Specific professional attire, including scrubs or salon jackets, may be required, potentially costing $100 to $300.
- Textbooks and workbooks: While hands-on, some theoretical knowledge will require purchasing textbooks and workbooks, estimated at $200 to $500.
- Licensing exam fees: Upon program completion, you'll need to pay state board examination fees, typically ranging from $100 to $300.
- Professional liability insurance: Some programs require students to carry liability insurance, which could be around $50 to $150 annually.
- Transportation: If you don't own a vehicle, daily travel to the Woodward campus from your residence will incur costs for gas or public transport, varying widely.
- Continuing education and professional development: Post-graduation, staying current often involves workshops or courses, adding to long-term costs.
Alumni Outcomes & Career Paths
Graduates from Formations Institute of Cosmetology & Barbering in Woodward, OK, typically enter the beauty and personal care services sector. While specific major employer recruitment data for this small, private for-profit institution is not publicly detailed, alumni commonly find employment in local and regional salons, barber shops, and spas. These can include independent businesses as well as smaller regional chains. The primary industry cluster for graduates is, unsurprisingly, cosmetology and barbering services. Given the specialized nature of the training, placement in graduate programs is virtually non-existent. Notable alumni are not widely publicized, which is common for vocational institutions of this size. The quality of career services is difficult to assess without direct feedback, but for such a small school, personalized attention is likely a focus. Internship pipelines are typically established through direct relationships with local businesses in the Woodward area, providing hands-on experience before graduation. Geographic hiring patterns are heavily concentrated in Oklahoma, particularly in and around Woodward, with some graduates potentially moving to larger cities within the state like Oklahoma City or Tulsa, or neighboring states such as Texas or Kansas, seeking broader employment opportunities.
Campus Life & Culture at Formations Institute of Cosmetology & Barbering
The student body at Formations Institute is small and highly focused, attracting individuals eager to enter the cosmetology and barbering professions. Students are typically driven by a passion for the beauty industry and a desire for a hands-on, career-oriented education that leads to immediate employment.
Life at the Formations Institute of Cosmetology & Barbering in Woodward, OK, is centered around a focused, career-oriented environment. With a small student body of just 29, the campus culture is intimate and highly collaborative. You'll find that relationships with instructors and fellow students are close-knit, fostering a supportive atmosphere where everyone is working towards a shared goal: mastering the skills needed for a successful career in cosmetology or barbering. Social life isn't driven by large-scale events or traditional campus organizations, as you might find at a larger university. Instead, it's more about informal gatherings, study sessions, and building professional networks that will last beyond graduation. The 'vibe' is professional yet friendly, with a strong emphasis on hands-on learning and practical application. Students often spend their time in the labs and practical training areas, honing their techniques. While there are no formal dormitories or on-campus housing, many students find affordable apartments or rooms for rent in Woodward, creating a small, tight-knit community off-campus. Dining options are local to Woodward, with students often grabbing meals at diners or cafes in town, further integrating them into the local community. Athletics and Greek life are not features of the Formations Institute experience, given its specialized nature and small size. The focus remains squarely on skill development and preparing students for immediate entry into the workforce.
Campus Highlights
- Intimate learning environment with a very low student-to-instructor ratio.
- Highly specialized programs focused on direct career preparation in Cosmetology and Barbering.
- Emphasis on hands-on training and practical skill development.
- Close-knit community fostering strong peer and instructor relationships.
- Direct pathway to obtaining licensure and entering the workforce.
- Affordable cost of living in Woodward, OK, compared to larger metropolitan areas.
- Faculty comprised of experienced industry professionals.
Location & Regional Advantages
Woodward, Oklahoma, offers a unique geographic context for Formations Institute of Cosmetology & Barbering. The local job market in Woodward is primarily driven by agriculture, energy, and services. For cosmetology and barbering graduates, this translates to opportunities in local salons and barber shops serving the community. The cost of living in Woodward is significantly lower than in major metropolitan areas, making it an attractive location for individuals seeking affordability. While Woodward is not an immediate proximity to major industry hubs for advanced beauty or salon management careers, it provides a stable, albeit smaller, market. The quality of life in Woodward is characteristic of a small Midwestern town, offering a close-knit community feel, with access to outdoor recreational activities. The weather is typical of the Great Plains, with distinct seasons, including hot summers and cold winters. Safety is generally good in smaller communities like Woodward. The geographic location's primary impact on career opportunities post-graduation is a focus on serving the local population, with potential for expansion into slightly larger regional centers within Oklahoma if desired.
How to Get Into Formations Institute of Cosmetology & Barbering
Gaining admission to the Formations Institute of Cosmetology & Barbering is generally straightforward, focusing on a student's commitment to the field rather than highly competitive academic metrics. Since admission rates and specific GPA/test score ranges are not published, the process likely involves meeting basic eligibility requirements and demonstrating a genuine interest in cosmetology or barbering. The admissions office will likely value a clear understanding of the career path, a willingness to learn hands-on skills, and a professional attitude. There are no Early Decision or Early Action advantages, as the focus is on filling program cohorts. Your application essay, if required, should articulate your passion for the beauty industry, why you chose Formations Institute, and your career aspirations. Highlight any relevant experience, even informal, like styling friends' hair or a strong interest in beauty trends. Demonstrating interest can be as simple as attending an information session, calling the admissions office with thoughtful questions, or visiting the campus if possible. The timeline is typically rolling, meaning you can apply and be accepted throughout the year, but it's advisable to apply several months before your desired program start date to secure your spot and finalize financial aid.
How Formations Institute of Cosmetology & Barbering Compares to Similar Schools
Similar schools: Oklahoma State University - Okmulgee (Cosmetology and Barbering Programs), Vici Beauty School (Multiple Locations, including Oklahoma), Paul Mitchell Schools (Multiple Locations, including Oklahoma)
Advantages
- Smaller class sizes potentially offering more personalized instruction.
- Focus on a specific, local market may lead to tailored career service support within Woodward.
- Potentially lower overhead compared to larger, multi-campus institutions.
Disadvantages
- Limited brand recognition and alumni network compared to larger, national chains.
- Fewer resources for career services, job placement assistance, and advanced training opportunities.
- Geographic isolation may limit exposure to broader industry trends and diverse employment markets.
Best For
- Prospective students interested in a more diverse student body should consider other options.
- Students seeking higher median earnings should explore other institutions.
Avoid If
- Students looking for a more comprehensive and diverse educational experience might want to avoid this college.
- Individuals seeking a highly personalized training experience might benefit from attending this college.
Frequently Asked Questions about Formations Institute of Cosmetology & Barbering
How much does it cost to attend Formations Institute of Cosmetology & Barbering?
In-state tuition at Formations Institute of Cosmetology & Barbering is N/A per year, and out-of-state tuition is N/A per year.
What is the graduation rate at Formations Institute of Cosmetology & Barbering?
Formations Institute of Cosmetology & Barbering has a graduation rate of 56.7%.
How much do Formations Institute of Cosmetology & Barbering graduates earn?
The median earnings for Formations Institute of Cosmetology & Barbering graduates 10 years after enrollment is $17,260.
How big is Formations Institute of Cosmetology & Barbering?
Formations Institute of Cosmetology & Barbering has approximately 29 students and is classified as a small institution. It is located in Woodward, OK and is a Private For-Profit institution.
Where is Formations Institute of Cosmetology & Barbering located?
Formations Institute of Cosmetology & Barbering is located in Woodward, OK. It is a Private For-Profit institution with approximately 29 students.
Is Formations Institute of Cosmetology & Barbering a good college?
Formations Institute of Cosmetology & Barbering has a graduation rate of 56.7% and median post-graduation earnings of $17,260. Highly personalized training due to small student body.
How does Formations Institute of Cosmetology & Barbering compare to similar colleges?
No black or Asian students in the demographic. Compared to peer institutions, Formations Institute of Cosmetology & Barbering offers a more personalized training experience but has lower graduation rates and lower median earnings.
What career prospects do Formations Institute of Cosmetology & Barbering graduates have?
Graduates of Formations Institute of Cosmetology & Barbering are well-prepared for entry-level positions in the cosmetology and barbering industry.
What should prospective students know about Formations Institute of Cosmetology & Barbering?
Formations Institute of Cosmetology & Barbering is positioned in a niche market for small, private, for-profit institutions focusing on personalized cosmetology and barbering training.
What makes Formations Institute of Cosmetology & Barbering stand out?
Graduation rate is below the national average.
What are the pros and cons of attending Formations Institute of Cosmetology & Barbering?
Median earnings 10 years post-graduation are significantly lower than the national average.
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Similar Schools
- Oklahoma State University - Okmulgee (Cosmetology and Barbering Programs)
- Vici Beauty School (Multiple Locations, including Oklahoma)
- Paul Mitchell Schools (Multiple Locations, including Oklahoma)
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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.