Michigan College of Beauty-Troy

michigancollegeofbeautytroy.com

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2022 Average Net Price

$18,604

After Financial Aid

2020 Default Rate

on Student Loans

2022 Enrolled Students

279

50.2% Full-Time

About

Michigan College of Beauty-Troy is a higher education institution located in Oakland County, MI. In 2022, the most popular 1 to 2 Year Postsecondary Certificate concentrations at Michigan College of Beauty-Troy were General Cosmetology (25 degrees awarded).

In 2021, 211 degrees were awarded across all undergraduate and graduate programs at Michigan College of Beauty-Troy. 99.1% of these degrees were awarded to women, and 0.948% awarded men. The most common race/ethnicity group of degree recipients was white (86 degrees), 1.15 times more than then the next closest race/ethnicity group, black or african american (75 degrees).

In 2020 the default rate for borrower's at Michigan College of Beauty-Troy was 0%, corresponding to 0 out of the 239 total borrowers.

Not applicable, not in Carnegie universe (not accredited or nondegree-granting)Unknown

Costs

After taking grants and loans into account, the average net price for students is $18,604.

In 2022, 66% of undergraduate students attending Michigan College of Beauty-Troy received financial aid through grants. Comparatively, 75% of undergraduate students received financial aid through loans.

Average Net Price

$18,604

2022 Value

2.68%

1 Year Growth

In 2022 Michigan College of Beauty-Troy had an average net price — the price paid after factoring in grants and loans — of $18,604. Between 2021 and 2022, the average net price of Michigan College of Beauty-Troy grew by 2.68%.

This chart compares the average net price of Michigan College of Beauty-Troy (in red) with that of other similar universities.

Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

Financial Aid by Income Level

66%

Undergraduates Receiving Financial Aid through Grants

75%

Undergraduates Receiving Financial Aid through Loans

66% of undergraduate students at Michigan College of Beauty-Troy received financial aid through grants or loans in 2022. This represents a decline of 14.3% with respect to 2021, when 77% of undergraduate students received financial aid.

This chart compares the average award discount at Michigan College of Beauty-Troy (in red) with that of other similar universities.

The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

Student Loan Default Rate

Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.

2020 Default Rate

Number of Defaults

In 2020 the default rate for borrower's at Michigan College of Beauty-Troy was 0%, which represents 0 out of the 239 total borrowers.

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

Enrollment

Michigan College of Beauty-Troy had a total enrollment of 279 students in 2022. The full-time enrollment at Michigan College of Beauty-Troy is 140 students and the part-time enrollment is 139. This means that 50.2% of students enrolled at Michigan College of Beauty-Troy are enrolled full-time.

The enrolled student population at Michigan College of Beauty-Troy, both undergraduate and graduate, is 56.6% White, 35.8% Black or African American, 2.51% Hispanic or Latino, 1.43% Asian, and 0.717% Two or More Races.

Students enrolled at Michigan College of Beauty-Troy in full-time Undergraduate programs are most commonly White Female (56.4%), followed by Black or African American Female (30.7%) and White Male (5%).

Full-Time vs Part-Time Enrollment

50.2%

Full-Time Enrollment

The total enrollment at Michigan College of Beauty-Troy in 2022, both undergraduate and graduate, is 279 students. The full-time enrollment at Michigan College of Beauty-Troy is 140 and the part-time enrollment is 139.

This chart shows the full-time vs part-time enrollment status at Michigan College of Beauty-Troy (in red) compares to similar universities.

Retention Rate over Time

79%

2022 Retention Rate

Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall. The retention rate for full-time undergraduates at Michigan College of Beauty-Troy was 79%.

This chart shows the retention rate over time at Michigan College of Beauty-Troy (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2022)

White
158 enrolled students
Black or African American
100 enrolled students
Hispanic or Latino
7 enrolled students

The enrolled student population at Michigan College of Beauty-Troy is 56.6% White, 35.8% Black or African American, 2.51% Hispanic or Latino, 1.43% Asian, and 0.717% Two or More Races. This includes both full-time and part-time students as well as graduate and undergraduates.

Graduates

In 2021, 207 more women than men received degrees from Michigan College of Beauty-Troy. The most common race/ethnicity group of degree recipients at Michigan College of Beauty-Troy is white (86 degrees awarded). There were 1.15 times more white recipients than the next closest race/ethnicity group, black or african american (75 degrees).

The most common 1 to 2 Year Postsecondary Certificate concentration at Michigan College of Beauty-Troy is General Cosmetology (25 degrees awarded).

In 2022, the most specialized majors across all degree types at Michigan College of Beauty-Troy, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Personal & Culinary Services (186 degrees awarded).

Common Jobs by Major

Chefs & head cooks

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Michigan College of Beauty-Troy are Chefs & head cooks (8,521 people), Cooks (3,235 people), Morticians, undertakers, & funeral directors (2,785 people), Food service managers (2,333 people), and Firstline supervisors of food preparation & serving workers (1,142 people).

The most specialized majors at Michigan College of Beauty-Troy in 2022 are Personal & Culinary Services (186 degrees awarded) (as of 2022).

Highest Paying Jobs by Major

Chief executives & legislators

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Michigan College of Beauty-Troy are Chief executives & legislators, Lawyers, & judges, magistrates, & other judicial workers, Lodging managers, Financial managers, and Management analysts

The most specialized majors at Michigan College of Beauty-Troy are Personal & Culinary Services (186 degrees awarded) (as of 2022).

Common Industries by Major

Restaurants & Food Services

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Michigan College of Beauty-Troy are Restaurants & Food Services (12,244 people), Funeral homes, & cemeteries & crematories (3,016 people), Traveler accommodation (1,919 people), Elementary & secondary schools (1,775 people), and Construction (1,430 people).

The most specialized majors at Michigan College of Beauty-Troy are Personal & Culinary Services (186 degrees awarded) (as of 2022).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Michigan College of Beauty-Troy.

General Cosmetology

Most Common (2022)

25 degrees awarded

In 2022, the most common 1 to 2 year postsecondary certificate concentration at Michigan College of Beauty-Troy was General Cosmetology with 25 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from 1 to 2 year postsecondary certificate programs at Michigan College of Beauty-Troy according to their major.

Sex Breakdown for Common Majors

Degrees Awarded to Men

in 2021

209

Degrees Awarded to Women

in 2021

In 2021, 2 degrees were awarded to men at Michigan College of Beauty-Troy, which is 0.00957 times less than the number of degrees awarded to females (209).

This chart displays the sex disparity between the top 5 majors at Michigan College of Beauty-Troy by degrees awarded.

Most Common Male Majors

Most Common Female Majors

In 2022, 125 degrees were awarded to women at Michigan College of Beauty-Troy in Aesthetician & Skin Care Specialist. There were no male recipients with the same degree.

Time to Complete

31%

100% Completion Time

70%

150% Completion Time

In 2022, 31% of students graduating from Michigan College of Beauty-Troy completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 70% completed their degrees within 150% of the normal time, and 79% within 200%.

The following chart shows these completion rates over time compared to the average for the Carnegie Classification group.

Graduation rate is defined as the percentage of full-time, first-time students who received a degree or award within a specific percentage of "normal time" to completion for their program.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2022)

White
86 degrees awarded
Black or African American
75 degrees awarded
Two or More Races
6 degrees awarded

The most common race/ethnicity at Michigan College of Beauty-Troy is white (86 degrees awarded). There were 1.15 times more white recipients than the next closest race/ethnicity group, black or african american (75 degrees).

6.45% of degree recipients (12 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2022)

White Female
86 degrees awarded
Black or African American Female
75 degrees awarded
Two or More Races Female
6 degrees awarded

The most common race/ethnicity and sex grouping at Michigan College of Beauty-Troy is white female (86 degrees awarded). There were 1.15 times more white female recipients than the next closest race/ethnicity group, black or african american female (75 degrees).

Operations

Salary Expenditure

$1.37M

2022 Salaries

16.3%

growth from 2021

In 2022, Michigan College of Beauty-Troy paid a median of $1.37M in salaries, a 16.3% growth from the previous year. This is compared to a 7.49% growth between 2020 and 2021, and a 31.8% decline between 2019 and 2020.

The median for similar is 668k (13.2% of overall expenditures).

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