Cosmetology/Cosmetologist, General Gainful Employment Disclosure

Michigan College of Beauty-Troy

Undergraduate certificate in Cosmetology/Cosmetologist, General
Program Length: 50 weeks

This program has not passed standards established by the U.S. Department of Education. The Department based these standards on the amounts students borrow for enrollment in this program and their reported earnings. If in the future the program does not pass the standards, students who are then enrolled may not be able to use federal student grants or loans to pay for the program, and may have to find other ways, such as private loans, to pay for the program.

Students graduating on time

31% of Title IV students complete the program within 50 weeks

*Fewer than 10 students enrolled in this program. This number has been withheld to preserve the confidentiality of the students.

Program Costs*

$17,600 for in-state tuition and fees

$XX for out-of-state tuition and fees

$2,300 for books and supplies

Other Costs

Other Costs For this Program

No other costs provided.

Visit website for more program cost information

*The amounts shown above include costs for the entire program, assuming normal time to completion.
Note that this information is subject to change.

Students Borrowing Money

The typical graduate leaves with

$13,037 in debt

*Fewer than 10 students completed this program within normal time. This number has been withheld to preserve the confidentiality of the students.

The typical monthly loan payment

$134 per month in student loans with an interest rate of 4.45%.

*Fewer than 10 students completed this program within normal time. This number has been withheld to preserve the confidentiality of the students.

*This institution has appealed the earnings data for this program.

Graduates who got jobs

N/A* of program graduates got jobs according to the

state job placement rate

State Information

Name of the state this placement rate is calculated for:

N/A

Follow the link below to find out who is included in the calculation of this rate:

N/A

What types of jobs were these students placed in?

N/A

When were the former students employed?

N/A

How were completers tracked?

N/A

*Program does not have enough completers to calculate a placement rate as required.

73% of program graduates got jobs according to the NACCAS job placement rate

Accreditor Information

Name of the accrediting agency this placement rate is calculated for:

NACCAS

Follow the link below to find out who is included in the calculation of this rate:

https://naccasngo.sharepoint.com/sites/NACCASWeb/Shared%20Documents/Forms/AllItems.aspx?id=%2Fsites%2FNACCASWeb%2FShared%20Documents%2FWebsite%20Public%20Documents%2FAccreditation%2FAnnual%20Report%20Information%2F2017%20%28data%29%20Annual%20Report%20Instructions%2Epdf&parent=%2Fsites%2FNACCASWeb%2FShared%20Documents%2FWebsite%20Public%20Documents%2FAccreditation%2FAnnual%20Report%20Information&p=true&slrid=fe91599e-10c6-5000-009d-02b7f0a1af0a

What types of jobs were these students placed in?

The job placement rate includes completers hired for: Jobs within the field

Positions that recent completers were hired for include: Ccosmetologists, manicurist and makeup artists

When were the former students employed?

within 30 days of licensure

How were completers tracked?

Completer/alumni survey (87% response rate)

*Program does not have enough completers to calculate a placement rate as required.

N/A* of program graduates got jobs

*We are not currently required to calculate a job placement rate for program completers.

Program graduates are employed in the following fields:

Hairdressers, Hairstylists, and Cosmetologists

Makeup Artists, Theatrical and Performance

Manicurists and Pedicurists

Skincare Specialists

Hairdressers, Hairstylists, and Cosmetologists

Makeup Artists, Theatrical and Performance

Manicurists and Pedicurists

Skincare Specialists

Licensure Requirements

Program meets licensure requirements in:

Michigan

Program does not meet licensure requirements in:

StateD, StateE

Program qualifies students to sit for licensure exam in:

StateF

Program does not qualify students to sit for licensure exam in:

StateG, StateH

The following do not have licensure requirements for this profession:

StateI, StateJ, StateK

*State requires students to sit for licensure exam

*Program has no licensure requirements in any state.

Additional Information

The schools placement rate is calculated using procedures required by our accreditation agency. We are required to treat graduates as UNEMPLOYED if they take a job in another field, are not licensed or simply have not responded to our request for employment verification( students change their contact information). WE know our actual placement rate is higher as there continues to be high demand for Licensed Cosmetologists according to the schools Placement Counselor.

Date Created 4/3/2018

These disclosures are required by the U.S. Department of Education