Standard Occupational Code and Report for Cosmetology

SOC 39-5012.00

http://onetonline.org/link/summary/39-5012.00

Standard Occupational Code and Report for Esthetics

SOC 39-5094.00

http://onetonline.org/link/summary/39-5094.00

Standard Occupational Code and Report for Manicuring

SOC 39-5092.00

http://onetonline.org/link/summary/39-5092.00

MAGNOLIA COLLEGE OF COSMETOLOGY

Median Loan Debt

Award Year 2010 - 2011

Program  SOC Code    Number of        Federal Loans    Private Loans
                                Students          Median Debt     Median Debt

Cosmetology  39-5012        52              $ 10,411               $0
Esthetics       39-5094          3         See Note Below          $0
Manicure        39-5092        17             $  3,678                $0
Teacher Training 39-5012      2         See Note Below          $0

On-time Completion Rate

The following percentages represent students during the 2010 - 2011 award year that completed the program by their contracted graduation date:

Cosmetology  52%
Esthetics  See Note Below
Manicure  71%
Teacher Training See Note Below

Note:  For all schools, if the number of students who completed a Gainful Employment Program during the award year was less than ten (10) for privacy reasons, the school should not disclose to the public:

· Median debt amounts (Title IV debt, private educational loan debt, and debt from institutional financing)

· On-time completion rate

Placement Rates

The National Accrediting Commission of Cosmetology Arts & Sciences (NACCAS) reporting requirements for the annual report period of 2009:

                Cosmetology    Esthetics      Manicure    Teacher Training

Placement        79%             N/A             86%             100%

Magnolia College of Cosmetology
PROGRAM COST

Cosmetology                                       Manicuring
1500 hours                                          350 hours

Tuition         $13,370                     Tuition              $ 2,695
Books/Tools     1,530                     Books/Tools            600
Registration        100                     Registration            100
Total           $ 15,000                     Total                 $3,395

Esthetics                                           Teacher Training
600 Hours                                          750 hours

Tuition          $6,600                          Tuition         $5,500  
Books/Tools       800                          Books/Tools   1,000
Registration       100                          Registration      100
Total             $7,500                         Total            $6,600

Pivot Point never ceases to amaze and inspire us with their creative ways to support today's on-the-go student! Our Designer's Approach library of textbooks is still provided to each of our students, but the entire collection is now available online, exclusively to our students. This allows you to have access to books and videos anywhere you go via laptop, iPhone users, iPad, and iPod Touch. Imagine sitting at the doctor's office or waiting in a line and being able to catch up on studying fingerwaves or hair color without carrying around your books! We would love for you to stop by and get a look into how this will work for your busy life, you can preview this online learning experience for yourself by setting up an appointment with our Admissions Team Member.

In other news, now that Spring is upon us we are debuting new products and services available in our student salon. Magnolia College has started retailing make-up by Bodyography and people are LOVING it! So far their awesome lip plumping glosses have been very popular...you can sample some of their products by visiting our make-up display on the salon floor. We are offering full make-up applications for $15.00 or FREE with a $25.00 or more purchase of make-up. Perfect for upcoming proms or events...our students are trained to apply daytime and nighttime looks.

Easter is hopping up very quickly, yes? Each of our customers who come for a salon visit are receiving an Easter egg with some sort of coupon for their next visit...could be a free wax...come see what your prize is....

We are so excited about all of the happenings going on at the school...don't miss out! Check often for upcoming news...more to come very soon. We hope you are being inspired by life whatever your journey may be and if you want to experience it with us we would love to see you SOON. :)