oThe Classification of Instructional Programs (CIP) taxonomic coding scheme was developed in 1980 by the National Center for Education Statistics to facilitate the organization, collection, and reporting of fields of study and program completions.  The CIP titles and program descriptions are intended to be generic categories into which program completions data can be placed, not exact duplicates of a specific major or field of study titles used by individual institutions.  This institution’s programs generally are intended to provide training for occupations associated with multiple CIP codes and each program’s graduates generally occupy a wide variety of positions both following graduation and within a few years.  However, the institution is required to choose one CIP code and believes that a code of 52.0904 is a slightly better representation of expected occupations than is 52.0903.  The institution is required to list the following occupations (by name and Standard Occupational Classification—or SOC—code) that the O*NET crosswalk identifies as a representative sample of identified occupations for completers of a program with a CIP code of 52.0904. 

11-9051.00 Food Service Managers  

11-9081.00 Lodging Managers

39-9041.00 Residential Advisors

The institution notes that, due to the nature of CIP codes and SOC codes, this list of representative occupations may be expected to comprise a subset of actual graduates’ occupations; further, graduates may or may not work in each of these listed occupations.

o   The on-time graduation rates as defined by the U.S. Department of Education for students who completed the programs between July 1, 2011 and June 30, 2012 are not applicable (no graduates) for the diploma program and 100% for the degree program.  The definition is the percentage of graduates that completed the program within the normal timeframe.

o    The placement rates as of October 31, 2012 for graduates  between July 1, 2011 and June 30, 2012  and as reported to ACICS  were not applicable (no graduates) for the diploma program and 93% for the degree program.  More graduates may have been placed subsequently, as may be shown elsewhere on this site.

o   Tuition and fees charged for completing the program within the normal time for students who start the programs between January 1, 2013 and December 31, 2013 are $18,350 for the diploma program and $29,330 for the degree program.  (Note that financial aid is available for those who qualify and the net price paid may be materially less; please visit  www.minneapolisbusinesscollege.edu/aid.)

o   The typical costs for books and supplies for completing the program within the normal time for students who start the programs between January 1, 2013 and December 31, 2013 are expected—as of the fall of 2012—to be approximately $1,689 for the diploma program and $2,482 for the degree program.

o   The total charges for school-sponsored housing for completing the program within the normal time for students who start the programs between January 1, 2013 and December 31, 2013 are $8,575 for the diploma program and $13,720 for the degree program.

o   Potential applicants may find the following information at www.minneapolisbusinesscollege.edu/catalog.pdf: institutional accreditation; contact information for accrediting agencies and state licensing/approval agencies; admissions policies and practices; policies on transfer of credits to and from the institution; policies and processes for withdrawal and for refunds of tuition/fees; and additional consumer information.

o For degree program graduates between July 1, 2011 and June 30, 2012, median federal loan debt was $11,883, median private loan debt was $6,394, and median institutional loan debt was zero.  For diploma program graduates between July 1, 2011 and June 30, 2012, median federal loan debt was not applicable (no graduates), median private loan debt was  not applicable (no graduates) , and median institutional loan debt was  not applicable (no graduates).