Average

Score: 49/100

Overall (traditional)

Outcome Rating

29/100 · earnings-weighted

Formations Institute of Cosmetology & Barbering

Less than 2-Year Private For-Profit

📍 Woodward, Oklahoma 73801

🌐 formationsinstitute.edu/

ℹ️

Rating Context: This is a specialized vocational program (less than 2-year). Our comprehensive rating system is optimized for traditional colleges and may not fully reflect the value of career-focused training programs.

Suggested Focus: For this type of institution, we recommend prioritizing the Outcomes Score (C) which measures graduation and job placement rates — the most relevant metrics for career programs.
Graduation Rate: 60%

Outcomes

54/100

Affordability

45/100

Resources

68/100

Experience

53/100

Prestige

25/100

Two ratings: the overall grade compares colleges the conventional way (outcomes, cost, resources, experience, reputation). The Outcome Rating asks what students earn: 60% wage-adjusted earnings 10 years after enrolling, 25% graduation, 15% retention. Methodology

Quick Stats

Total Enrollment

60%

Graduation Rate

64%

Retention Rate

8.0:1

Student-Faculty Ratio

N/A

Acceptance Rate

N/A

Avg Net Price

Earnings, Debt & Completion

What happens to students who enroll at Formations Institute of Cosmetology & Barbering, from the U.S. Department of Education’s College Scorecard.

$17,260

Median earnings 10 yrs after entry

$16,621

Median earnings 6 yrs after entry

47.4%

Completion rate (within 150% of normal time)

62.5%

Students receiving Pell grants

Earnings rank: 7th percentile among similar colleges after a partial adjustment for local wage levels (OK wage index 0.79). This drives the Outcome Rating.

Source: U.S. Department of Education College Scorecard, retrieved Oct 2026. Earnings are for federally aided students who enrolled, whether or not they graduated.

Earnings by Major at Formations Institute of Cosmetology & Barbering

Median pay of undergraduate certificate or diploma graduates by field of study, and how each program ranks against every college reporting that major — by raw pay and adjusted for state wage levels. Same school, very different paychecks.

Major	1 yr after	4 yrs after	vs. national	Rank (pay)	Rank (wage-adj.)	Median debt
Cosmetology and Related Personal Grooming Services	—	$21,685	-18%	#831 of 1025	#691	—

Source: U.S. Department of Education College Scorecard, field-of-study data. Earnings are for graduates who received federal aid and were working; small programs are not reported.

For parents & investors

The Formations Institute of Cosmetology & Barbering Town Property Report

Avg home value near campus: $131,084
Avg rent near campus: $1,392/mo
Top nearby ZIP by cap rate: 73801 (8.3% cap, Woodward)

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Costs & Financial Aid

Tuition & Fees

Category	In-State	Out-of-State
Tuition	N/A	N/A

Financial Aid

90%

Receive Any Aid

80%

Receive Pell Grants

80%

Take Out Loans

N/A

Avg Net Price

Programs & Career Paths

Top Degree Programs

Programs ranked by number of degrees awarded annually.

Cosmetology/Cosmetologist, General 9 grads/yr Barbering/Barber 6 grads/yr Aesthetician/Esthetician and Skin Care Specialist 6 grads/yr Nail Technician/Specialist and Manicurist 4 grads/yr Cosmetology, Barber/Styling, and Nail Instructor 1 grads/yr

Related Career Paths

Careers that graduates from Formations Institute of Cosmetology & Barbering's top programs commonly pursue.

Makeup artists, theatrical and performance

$50k/yr 7,000 jobs

Skincare specialists

$42k/yr 97,400 jobs

Hairdressers, hairstylists, and cosmetologists

$35k/yr 575,200 jobs

Manicurists and pedicurists

$35k/yr 210,100 jobs

Shampooers

$31k/yr 18,500 jobs

Barbers

$39k/yr 76,000 jobs

Student Demographics

Total Students

77%

Women

42%

Traditional Age (18-24)

👥 Race & Ethnicity

White 71%

Hispanic 19%

Black 3%

Two or More 3%

🏠 Living Arrangements

💻 Learning Mode

In-Person 100%

📊 Age Distribution

18-24 (Traditional) 42%

25-64 (Adult) 58%

Frequently Asked Questions

What is the acceptance rate at Formations Institute of Cosmetology & Barbering?

Acceptance rate data is not available for this institution. Many schools with open enrollment or specialized programs do not report traditional acceptance rates.

How much does it cost to attend Formations Institute of Cosmetology & Barbering?

Detailed tuition information is not available for this institution. Contact the admissions office for current pricing.

What is the graduation rate at Formations Institute of Cosmetology & Barbering?

The graduation rate at Formations Institute of Cosmetology & Barbering is 60%. This is a solid graduation rate, showing that most students who enroll successfully complete their degrees.

Is Formations Institute of Cosmetology & Barbering a good school?

Formations Institute of Cosmetology & Barbering has a Repit College Score of 49/100 (Grade: C). Our rating evaluates five key factors:

Outcomes (C): Graduation and retention rates
Affordability (C): Net cost and financial aid access
Resources (B): Class sizes and selectivity
Experience (C): Campus life and learning format
Prestige (F): Reputation and recognition

Note: As a vocational program, we recommend focusing on the Outcomes score when evaluating this school.

How many students attend Formations Institute of Cosmetology & Barbering?

Formations Institute of Cosmetology & Barbering has a total enrollment of 31 students.

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