Michigan College of Beauty-Troy

michigancollegeofbeautytroy.com

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2023 Average Net Price
$19,710
After Financial Aid
2020 Default Rate
0%
on Student Loans
2023 Enrolled Students
220
55% Full-Time

About

Michigan College of Beauty-Troy is a higher education institution located in Oakland County, MI. In 2023, the most popular Certificate of at least 1 but less than 2 academic years concentrations at Michigan College of Beauty-Troy were Aesthetician & Skin Care Specialist (117 degrees awarded), Nail Specialist & Manicurist (31 degrees), and Cosmetology, Barber, & Nail Instructor (4 degrees).

In 2023, 191 degrees were awarded across all undergraduate and graduate programs at Michigan College of Beauty-Troy. 96.9% of these degrees were awarded to women, and 3.14% awarded men. The most common race/ethnicity group of degree recipients was white (115 degrees), 1.95 times more than then the next closest race/ethnicity group, black or african american (59 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 $19,710.

In 2023, 68% of undergraduate students attending Michigan College of Beauty-Troy received financial aid through grants. Comparatively, 73% of undergraduate students received financial aid through loans.

Average Net Price

$19,710
2023 Value
5.94%
1 Year Growth

In 2023 Michigan College of Beauty-Troy had an average net price — the price paid after factoring in grants and loans — of $19,710. Between 2022 and 2023, the average net price of Michigan College of Beauty-Troy grew by 5.94%.

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.

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Financial Aid by Income Level

68%
Undergraduates Receiving Financial Aid through Grants
73%
Undergraduates Receiving Financial Aid through Loans

68% of undergraduate students at Michigan College of Beauty-Troy received financial aid through grants or loans in 2023. This represents a growth of 3.03% with respect to 2022, when 66% 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.

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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.
0%
2020 Default Rate
0
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.

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Enrollment

Michigan College of Beauty-Troy had a total enrollment of 220 students in 2023. The full-time enrollment at Michigan College of Beauty-Troy is 121 students and the part-time enrollment is 99. This means that 55% 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 53.2% White, 35.5% Black or African American, 2.73% Hispanic or Latino, 1.82% Asian, 0.909% Native Hawaiian or Other Pacific Islanders, 0.909% Two or More Races, and 0.455% American Indian or Alaska Native.

Students enrolled at Michigan College of Beauty-Troy in full-time Undergraduate programs are most commonly White Female (55.6%), followed by Black or African American Female (30.7%) and White Male (3.07%).

Full-Time vs Part-Time Enrollment

55%
Full-Time Enrollment

The total enrollment at Michigan College of Beauty-Troy in 2023, both undergraduate and graduate, is 220 students. The full-time enrollment at Michigan College of Beauty-Troy is 121 and the part-time enrollment is 99.

This chart shows the full-time vs part-time enrollment status at Michigan College of Beauty-Troy (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 Michigan College of Beauty-Troy was 83%.

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

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)
  1. White
    117 enrolled students
  2. Black or African American
    78 enrolled students
  3. Hispanic or Latino
    6 enrolled students

The enrolled student population at Michigan College of Beauty-Troy is 53.2% White, 35.5% Black or African American, 2.73% Hispanic or Latino, 1.82% Asian, 0.909% Native Hawaiian or Other Pacific Islanders, 0.909% Two or More Races, and 0.455% American Indian or Alaska Native. This includes both full-time and part-time students as well as graduate and undergraduates.

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Graduates

In 2023, 179 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 (115 degrees awarded). There were 1.95 times more white recipients than the next closest race/ethnicity group, black or african american (59 degrees).

The most common Certificate of at least 1 but less than 2 academic years concentration at Michigan College of Beauty-Troy is Aesthetician & Skin Care Specialist (117 degrees awarded), followed by Nail Specialist & Manicurist (31 degrees) and Cosmetology, Barber, & Nail Instructor (4 degrees).

In 2023,  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 (191 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 (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 Michigan College of Beauty-Troy in 2023 are Personal & Culinary Services (191 degrees awarded) (as of 2023).

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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 (191 degrees awarded) (as of 2023).

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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 (191 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 Michigan College of Beauty-Troy.
Most Common (2023)
  1. Aesthetician & Skin Care Specialist
    117 degrees awarded
  2. Nail Specialist & Manicurist
    31 degrees awarded
  3. Cosmetology, Barber, & Nail Instructor
    4 degrees awarded

In 2023, the most common N/A concentration at Michigan College of Beauty-Troy was Aesthetician & Skin Care Specialist with 117 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from N/A programs at Michigan College of Beauty-Troy according to their major.

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Sex Breakdown for Common Majors

6
Degrees Awarded to Men
in 2023
185
Degrees Awarded to Women
in 2023

In 2023, 6 degrees were awarded to men at Michigan College of Beauty-Troy, which is 0.0324 times less than the number of degrees awarded to females (185).

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

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Most Common Male Majors

In 2023, 6 degrees were awarded to men at Michigan College of Beauty-Troy in General Cosmetology, which is 0.182 times less than the 33 female recipients with that same degree.

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Most Common Female Majors

In 2023, 117 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.

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Time to Complete

30%
100% Completion Time
75%
150% Completion Time

In 2023, 30% 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, 75% completed their degrees within 150% of the normal time, and 83% 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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Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)
  1. White
    115 degrees awarded
  2. Black or African American
    59 degrees awarded
  3. Hispanic or Latino
    5 degrees awarded

The most common race/ethnicity at Michigan College of Beauty-Troy is white (115 degrees awarded). There were 1.95 times more white recipients than the next closest race/ethnicity group, black or african american (59 degrees).

3.66% of degree recipients (7 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic (2023)
  1. White Female
    112 degrees awarded
  2. Black or African American Female
    57 degrees awarded
  3. Asian Female
    4 degrees awarded

The most common race/ethnicity and sex grouping at Michigan College of Beauty-Troy is white female (112 degrees awarded). There were 1.96 times more white female recipients than the next closest race/ethnicity group, black or african american female (57 degrees).

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Operations

Salary Expenditure

$1.08M
2023 Salaries
21.1%
decline from 2022

In 2023, Michigan College of Beauty-Troy paid a median of $1.08M in salaries, a 21.1% decline from the previous year. This is compared to a 16.3% growth between 2021 and 2022, and a 7.49% growth between 2020 and 2021.

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

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