Fosters Cosmetology College

www.fosters.edu

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2023 Average Net Price
$15,915
After Financial Aid
2020 Default Rate
3.45%
on Student Loans
2023 Enrolled Students
22
68.2% Full-Time
2012 Graduation Rate
56.5%
13 Graduates

About

Fosters Cosmetology College is a higher education institution located in Tippah County, MS. In 2023, the most popular 1 to 2 Year Postsecondary Certificate concentrations at Fosters Cosmetology College were Barbering (18 degrees awarded) and General Cosmetology (6 degrees).

In 2023, 24 degrees were awarded across all undergraduate and graduate programs at Fosters Cosmetology College. 33.3% of these degrees were awarded to women, and 66.7% awarded men. The most common race/ethnicity group of degree recipients was black or african american (20 degrees), 5 times more than then the next closest race/ethnicity group, white (4 degrees).

In 2020 the default rate for borrower's at Fosters Cosmetology College was 3.45%, corresponding to 2 out of the 58 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 $15,915.

In 2023, 93% of undergraduate students attending Fosters Cosmetology College received financial aid through grants. Comparatively, 64% of undergraduate students received financial aid through loans.

Average Net Price

$15,915
2023 Value
0.69%
1 Year Growth

In 2023 Fosters Cosmetology College had an average net price — the price paid after factoring in grants and loans — of $15,915. Between 2022 and 2023, the average net price of Fosters Cosmetology College grew by 0.69%.

This chart compares the average net price of Fosters Cosmetology College (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

93%
Undergraduates Receiving Financial Aid through Grants
64%
Undergraduates Receiving Financial Aid through Loans

93% of undergraduate students at Fosters Cosmetology College received financial aid through grants or loans in 2023. This represents a growth of 29.2% with respect to 2022, when 72% of undergraduate students received financial aid.

This chart compares the average award discount at Fosters Cosmetology College (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.
3.45%
2020 Default Rate
2
Number of Defaults

In 2020 the default rate for borrower's at Fosters Cosmetology College was 3.45%, which represents 2 out of the 58 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

Fosters Cosmetology College had a total enrollment of 22 students in 2023. The full-time enrollment at Fosters Cosmetology College is 15 students and the part-time enrollment is 7. This means that 68.2% of students enrolled at Fosters Cosmetology College are enrolled full-time.

The enrolled student population at Fosters Cosmetology College, both undergraduate and graduate, is 100% Black or African American.

Students enrolled at Fosters Cosmetology College in full-time Undergraduate programs are most commonly Black or African American Male (63.4%), followed by Black or African American Female (17.1%) and White Male (7.32%).

Full-Time vs Part-Time Enrollment

68.2%
Full-Time Enrollment

The total enrollment at Fosters Cosmetology College in 2023, both undergraduate and graduate, is 22 students. The full-time enrollment at Fosters Cosmetology College is 15 and the part-time enrollment is 7.

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

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Retention Rate over Time

83%
2023 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 Fosters Cosmetology College was 83%.

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

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Enrollment by Race & Ethnicity

Black or African American
Most Common Race or Ethnicity (2023)
22 enrolled students

The enrolled student population at Fosters Cosmetology College is 100% Black or African American. This includes both full-time and part-time students as well as graduate and undergraduates.

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Graduates

In 2023, 8 fewer women than men received degrees from Fosters Cosmetology College. The most common race/ethnicity group of degree recipients at Fosters Cosmetology College is black or african american (20 degrees awarded). There were 5 times more black or african american recipients than the next closest race/ethnicity group, white (4 degrees).

The most common 1 to 2 Year Postsecondary Certificate concentration at Fosters Cosmetology College is Barbering (18 degrees awarded), followed by General Cosmetology (6 degrees).

In 2023,  the most specialized majors across all degree types at Fosters Cosmetology College, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Personal & Culinary Services (24 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 Fosters Cosmetology College are Chefs & head cooks (7,906 people), Cooks (2,655 people), Morticians, undertakers, & funeral directors (2,587 people), Food service managers (2,017 people), and Customer service representatives (1,079 people).

The most specialized majors at Fosters Cosmetology College in 2023 are Personal & Culinary Services (24 degrees awarded) (as of 2023).

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Highest Paying Jobs by Major

Surgeons
Highest Paying Job

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

The most specialized majors at Fosters Cosmetology College are Personal & Culinary Services (24 degrees awarded) (as of 2023).

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Common Industries by Major

Elementary & secondary schools
Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Fosters Cosmetology College 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 Fosters Cosmetology College are Personal & Culinary Services (24 degrees awarded) (as of 2023).

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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 Fosters Cosmetology College.
Most Common (2023)
  1. Barbering
    18 degrees awarded
  2. General Cosmetology
    6 degrees awarded

In 2023, the most common 1 to 2 year postsecondary certificate concentration at Fosters Cosmetology College was Barbering with 18 degrees awarded.

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

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Sex Breakdown for Common Majors

16
Degrees Awarded to Men
in 2023
8
Degrees Awarded to Women
in 2023

In 2023, 16 degrees were awarded to men at Fosters Cosmetology College, which is 2 times more than the number of degrees awarded to females (8).

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

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Most Common Male Majors

In 2023, 15 degrees were awarded to men at Fosters Cosmetology College in Barbering, which is 5 times more than the 3 female recipients with that same degree.

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Most Common Female Majors

In 2023, 5 degrees were awarded to men at Fosters Cosmetology College in General Cosmetology, which is 5 times more than the 1 male recipients with that same degree.

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Time to Complete

69%
100% Completion Time
81%
150% Completion Time

In 2023, 69% of students graduating from Fosters Cosmetology College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 81% completed their degrees within 150% of the normal time, and 81% 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.

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Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.
Black or African American Female
Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2012 at Fosters Cosmetology College is Female and Black or African American (100% graduation rate). Across all , Non-resident Alien Male students have the highest graduation rate (65.7%).

The department of education defines graduation rate as the percentage of full-time, first-time students who received a degree or award within 150% of "normal time" to completion.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)
  1. Black or African American
    20 degrees awarded
  2. White
    4 degrees awarded

The most common race/ethnicity at Fosters Cosmetology College is black or african american (20 degrees awarded). There were 5 times more black or african american recipients than the next closest race/ethnicity group, white (4 degrees).

0% of degree recipients (0 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic (2023)
  1. Black or African American Male
    13 degrees awarded
  2. Black or African American Female
    7 degrees awarded
  3. White Male
    3 degrees awarded

The most common race/ethnicity and sex grouping at Fosters Cosmetology College is black or african american male (13 degrees awarded). There were 1.86 times more black or african american male recipients than the next closest race/ethnicity group, black or african american female (7 degrees).

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Operations

Salary Expenditure

$76.8k
2023 Salaries
4.2%
growth from 2022

In 2023, Fosters Cosmetology College paid a median of $76.8k in salaries, a 4.2% growth from the previous year. This is compared to a 3.26% growth between 2021 and 2022, and a 1.85% growth between 2020 and 2021.

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

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