Magnolia College of Cosmetology

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2020 Average Net Price
$13,065
After Financial Aid
2018 Default Rate
23.9%
on Student Loans
2020 Enrolled Students
42
100% Full-Time

About

Magnolia College of Cosmetology is a higher education institution located in Hinds County, MS. In 2021, the most popular 1 to 2 Year Postsecondary Certificate concentrations at Magnolia College of Cosmetology were General Cosmetology (12 degrees awarded) and Cosmetology, Barber, & Nail Instructor (1 degrees).

In 2021, 62 degrees were awarded across all undergraduate and graduate programs at Magnolia College of Cosmetology. 96.8% of these degrees were awarded to women, and 3.23% awarded men. The most common race/ethnicity group of degree recipients was black or african american (54 degrees), 18 times more than then the next closest race/ethnicity group, white (3 degrees).

Costs

After taking grants and loans into account, the average net price for students is $13,065.

In 2020, 91% of undergraduate students attending Magnolia College of Cosmetology received financial aid through grants. Comparatively, 86% of undergraduate students received financial aid through loans.

Average Net Price

$13,065
2020 Value
7.52%
1 Year Growth

In 2020 Magnolia College of Cosmetology had an average net price — the price paid after factoring in grants and loans — of $13,065. Between 2019 and 2020, the average net price of Magnolia College of Cosmetology grew by 7.52%.

This chart compares the average net price of Magnolia College of Cosmetology (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.

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Financial Aid by Income Level

91%
Undergraduates Receiving Financial Aid through Grants
86%
Undergraduates Receiving Financial Aid through Loans

91% of undergraduate students at Magnolia College of Cosmetology received financial aid through grants or loans in 2020. This represents a growth of 35.8% with respect to 2019, when 67% of undergraduate students received financial aid.

This chart compares the average award discount at Magnolia College of Cosmetology (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.

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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.
23.9%
2018 Default Rate
32
Number of Defaults

In 2018 the default rate for borrower's at Magnolia College of Cosmetology was 23.9%, which represents 32 out of the 134 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.

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Enrollment

Magnolia College of Cosmetology had a total enrollment of 42 students in 2020. The full-time enrollment at Magnolia College of Cosmetology is 42 students and the part-time enrollment is 0. This means that 100% of students enrolled at Magnolia College of Cosmetology are enrolled full-time.

The enrolled student population at Magnolia College of Cosmetology, both undergraduate and graduate, is 88.1% Black or African American and 11.9% White.

Students enrolled at Magnolia College of Cosmetology in full-time Undergraduate programs are most commonly Black or African American Female (83.3%), followed by White Female (11.9%) and Black or African American Male (4.76%).

Full-Time vs Part-Time Enrollment

100%
Full-Time Enrollment

The total enrollment at Magnolia College of Cosmetology in 2020, both undergraduate and graduate, is 42 students. The full-time enrollment at Magnolia College of Cosmetology is 42 and the part-time enrollment is 0.

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

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Retention Rate over Time

100%
2020 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 Magnolia College of Cosmetology was 100%. Compared with the full-time retention rate at similar (79%), Magnolia College of Cosmetology had a retention rate higher than its peers.

This chart shows the retention rate over time at Magnolia College of Cosmetology (highlighted in red) compares to similar universities.

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2020)
  1. Black or African American
    37 enrolled students
  2. White
    5 enrolled students

The enrolled student population at Magnolia College of Cosmetology is 88.1% Black or African American and 11.9% White. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all is 35.2% White, 26.5% Hispanic or Latino, and 17.4% Black or African American.

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Graduates

In 2021, 58 more women than men received degrees from Magnolia College of Cosmetology. The most common race/ethnicity group of degree recipients at Magnolia College of Cosmetology is black or african american (54 degrees awarded). There were 18 times more black or african american recipients than the next closest race/ethnicity group, white (3 degrees).

The most common 1 to 2 Year Postsecondary Certificate concentration at Magnolia College of Cosmetology is General Cosmetology (12 degrees awarded), followed by Cosmetology, Barber, & Nail Instructor (1 degrees).

In 2021,  the most specialized majors across all degree types at Magnolia College of Cosmetology, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Personal & Culinary Services (62 degrees awarded).

Common Jobs by Major

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Magnolia College of Cosmetology are Elementary & middle school teachers (2,639,335 people), Other managers (2,238,430 people), Registered nurses (1,850,364 people), Software developers (1,446,628 people), and Accountants & auditors (1,374,574 people).

The most specialized majors at Magnolia College of Cosmetology in 2021 are Personal & Culinary Services (62 degrees awarded) (as of 2021).

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Highest Paying Jobs by Major

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Magnolia College of Cosmetology are Surgeons, Diagnostic medical sonographers, Podiatrists, Cardiovascular technologists and technicians, and Media and communication workers, all other

The most specialized majors at Magnolia College of Cosmetology are Personal & Culinary Services (62 degrees awarded) (as of 2021).

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Common Industries by Major

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Magnolia College of Cosmetology are Elementary & secondary schools (5,586,329 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (3,275,256 people), Colleges, universities & professional schools, including junior colleges (2,452,532 people), Computer Systems Design (2,343,824 people), and Construction (1,303,670 people).

The most specialized majors at Magnolia College of Cosmetology are Personal & Culinary Services (62 degrees awarded) (as of 2021).

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Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Magnolia College of Cosmetology.
Most Common (2021)
  1. 12 degrees awarded
  2. 1 degrees awarded

In 2021, the most common 1 to 2 year postsecondary certificate concentration at Magnolia College of Cosmetology was General Cosmetology with 12 degrees awarded.

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

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Sex Breakdown for Common Majors

2
Degrees Awarded to Men
in 2021
60
Degrees Awarded to Women
in 2021

In 2021, 2 degrees were awarded to men at Magnolia College of Cosmetology, which is 0.0333 times less than the number of degrees awarded to females (60).

This chart displays the sex disparity between the top 5 majors at Magnolia College of Cosmetology by degrees awarded.

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Most Common Male Majors

In 2021, 1 degrees were awarded to men at Magnolia College of Cosmetology in General Cosmetology, which is 0.0909 times less than the 11 female recipients with that same degree.

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Most Common Female Majors

In 2021, 26 degrees were awarded to men at Magnolia College of Cosmetology in Nail Specialist & Manicurist, which is 26 times more than the 1 male recipients with that same degree.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2021)
  1. Black or African American
    54 degrees awarded
  2. White
    3 degrees awarded
  3. Asian
    1 degrees awarded

The most common race/ethnicity at Magnolia College of Cosmetology is black or african american (54 degrees awarded). There were 18 times more black or african american recipients than the next closest race/ethnicity group, white (3 degrees).

3.23% of degree recipients (2 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic (2021)
  1. Black or African American Female
    52 degrees awarded
  2. White Female
    3 degrees awarded
  3. Black or African American Male
    2 degrees awarded

The most common race/ethnicity and sex grouping at Magnolia College of Cosmetology is black or african american female (52 degrees awarded). There were 17.3 times more black or african american female recipients than the next closest race/ethnicity group, white female (3 degrees).

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Operations

Salary Expenditure

$324k
2020 Salaries
26.9%
decline from 2019

In 2020, Magnolia College of Cosmetology paid a median of $324k in salaries, a 26.9% decline from the previous year.

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

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