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Is Formations Institute of Cosmetology & Barbering worth it?
A first pass affordability and outcome read for Formations Institute of Cosmetology & Barbering, using national average inputs. Run your own numbers for a personalized score.
Worth-It Score
Heavy lift
Formations Institute of Cosmetology & Barbering lands in the heavy lift band for a typical family. The combination of $17,627 in yearly net price and $6,997 in median debt asks a lot relative to median earnings of $17,387. This does not make the school wrong for every student, but it does mean the price deserves a closer test.
Score breakdown
The public version of the score weighs affordability, after graduation outcomes, and repayment burden.
Affordability
40% weight
The yearly net price is doing real work against the score and raises the financing burden quickly.
Outcome
40% weight
The outcome data does not create enough margin to fully offset the cost.
Repayment
20% weight
Median debt stays in a more comfortable repayment range for a typical graduate.
The numbers behind the score
Median net price per year
$17,627
Median earnings 10 years out
$17,387
Median debt at graduation
$6,997
Graduation rate
53%
At Formations Institute of Cosmetology & Barbering, a typical graduate carries about $6,997 in student debt and earns roughly $17,387 ten years after enrolling. On a standard 10-year repayment plan, that works out to about $80 per month, or 5% of pre-tax income. That sits inside a borrower comfort range for many graduates.
How earnings compare to a high school diploma
Graduates earn $24,413 less than the typical high school graduate ($41,800) ten years after entering this school. A federal rule finalized in July 2026 ties undergraduate student-loan eligibility to a comparison like this one, with the first calculations expected in 2027.
Context, not a federal determination: the official test will use earnings measured four years after completion and thresholds the Department of Education has not yet published, which may vary by state. Our figure is College Scorecard median earnings ten years after entry. How this works
What this means for your family
Formations Institute of Cosmetology & Barbering is a two year school in Woodward, OK. For many families, the real question is not just sticker price but what this path unlocks next, whether that is direct employment, transfer, or a lower cost route into a four year degree.
Similar schools worth comparing
These schools share a similar sector, geography, or price range.
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Eves College of Hairstyling
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Worth-It Score: 55/100
Median net price: $17,524
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Formations Institute
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Worth-It Score: 64/100
Median net price: $18,845
2-year
Seminole State
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Worth-It Score: 60/100
Median net price: $16,486
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Murray State
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Worth-It Score: 60/100
Median net price: $16,138
2-year
Broken Arrow Beauty
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Worth-It Score: 64/100
Median net price: $15,743
Common questions about Formations Institute of Cosmetology & Barbering
The median net price at Formations Institute of Cosmetology & Barbering is $17,627 per year. That is the average yearly price after typical grant aid for students in the public federal data, not the published sticker price.
Get your personalized Worth-It score
National averages are a starting point. Plug in your actual aid offer, intended major, and family situation to get a score that reflects your specific picture.
The Worth-It Score weighs affordability (40%), after graduation outcomes (40%), and repayment burden (20%). Underlying data points come from publicly available federal higher education reporting. See full methodology →
What families actually paid
The published price is rarely what anyone pays. Pick a household income range to see what students at Formations Institute of Cosmetology & Barbering in that range paid on average, after grants and scholarships.
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All students who received aid
$16,085a year, on average
Average for first-time, full-time students who received federal financial aid, 2024. It does not include transfer or part-time students, and it is an average rather than a quote — what you pay depends on your own circumstances and the aid this school offers you. Source: U.S. Department of Education, IPEDS.
Now work out how to pay for it, cheapest money first.
A Worth-It Score tells you whether the price is justified. The 2026-27 funding guide covers the borrowing order, what changed on July 1, 2026, and the current limits.
Open the 2026-27 funding guide →