New Beginnings Beauty Academy

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2022 Average Net Price

$17,677

After Financial Aid

2019 Default Rate

18%

on Student Loans

2022 Enrolled Students

100% Full-Time

About

New Beginnings Beauty Academy is a higher education institution located in Jefferson County, AR. In 2022, the most popular 1 to 2 Year Postsecondary Certificate concentrations at New Beginnings Beauty Academy were General Cosmetology (26 degrees awarded).

In 2022, 26 degrees were awarded across all undergraduate and graduate programs at New Beginnings Beauty Academy. 96.2% of these degrees were awarded to women, and 3.85% awarded men. The most common race/ethnicity group of degree recipients was black or african american (23 degrees), 7.67 times more than then the next closest race/ethnicity group, white (3 degrees).

In 2019 the default rate for borrower's at New Beginnings Beauty Academy was 18%, corresponding to 9 out of the 50 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 $17,677.

In 2022, 74% of undergraduate students attending New Beginnings Beauty Academy received financial aid through grants. Comparatively, 74% of undergraduate students received financial aid through loans.

Average Net Price

$17,677

2022 Value

0.411%

1 Year Growth

In 2022 New Beginnings Beauty Academy had an average net price — the price paid after factoring in grants and loans — of $17,677. Between 2021 and 2022, the average net price of New Beginnings Beauty Academy grew by 0.411%.

This chart compares the average net price of New Beginnings Beauty Academy (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.

Financial Aid by Income Level

74%

Undergraduates Receiving Financial Aid through Grants

74%

Undergraduates Receiving Financial Aid through Loans

74% of undergraduate students at New Beginnings Beauty Academy received financial aid through grants or loans in 2022. This represents a decline of 20.4% with respect to 2021, when 93% of undergraduate students received financial aid.

This chart compares the average award discount at New Beginnings Beauty Academy (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.

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.

18%

2019 Default Rate

Number of Defaults

In 2019 the default rate for borrower's at New Beginnings Beauty Academy was 18%, which represents 9 out of the 50 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.

Enrollment

New Beginnings Beauty Academy had a total enrollment of 31 students in 2022. The full-time enrollment at New Beginnings Beauty Academy is 31 students and the part-time enrollment is 0. This means that 100% of students enrolled at New Beginnings Beauty Academy are enrolled full-time.

The enrolled student population at New Beginnings Beauty Academy, both undergraduate and graduate, is 93.5% Black or African American and 6.45% White.

Students enrolled at New Beginnings Beauty Academy in full-time Undergraduate programs are most commonly Black or African American Female (93.5%), followed by White Female (6.45%).

Full-Time vs Part-Time Enrollment

100%

Full-Time Enrollment

The total enrollment at New Beginnings Beauty Academy in 2022, both undergraduate and graduate, is 31 students. The full-time enrollment at New Beginnings Beauty Academy is 31 and the part-time enrollment is 0.

This chart shows the full-time vs part-time enrollment status at New Beginnings Beauty Academy (in red) compares to similar universities.

Retention Rate over Time

80%

2022 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 New Beginnings Beauty Academy was 80%.

This chart shows the retention rate over time at New Beginnings Beauty Academy (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2022)

Black or African American
29 enrolled students
White
2 enrolled students

The enrolled student population at New Beginnings Beauty Academy is 93.5% Black or African American and 6.45% White. This includes both full-time and part-time students as well as graduate and undergraduates.

Graduates

In 2022, 24 more women than men received degrees from New Beginnings Beauty Academy. The most common race/ethnicity group of degree recipients at New Beginnings Beauty Academy is black or african american (23 degrees awarded). There were 7.67 times more black or african american recipients than the next closest race/ethnicity group, white (3 degrees).

The most common 1 to 2 Year Postsecondary Certificate concentration at New Beginnings Beauty Academy is General Cosmetology (26 degrees awarded).

In 2022, the most specialized majors across all degree types at New Beginnings Beauty Academy, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Personal & Culinary Services (26 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 New Beginnings Beauty Academy are Chefs & head cooks (8,521 people), Cooks (3,235 people), Morticians, undertakers, & funeral directors (2,785 people), Food service managers (2,333 people), and Firstline supervisors of food preparation & serving workers (1,142 people).

The most specialized majors at New Beginnings Beauty Academy in 2022 are Personal & Culinary Services (26 degrees awarded) (as of 2022).

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 New Beginnings Beauty Academy are Chief executives & legislators, Lawyers, & judges, magistrates, & other judicial workers, Lodging managers, Financial managers, and Management analysts

The most specialized majors at New Beginnings Beauty Academy are Personal & Culinary Services (26 degrees awarded) (as of 2022).

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 New Beginnings Beauty Academy 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 New Beginnings Beauty Academy are Personal & Culinary Services (26 degrees awarded) (as of 2022).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by New Beginnings Beauty Academy.

General Cosmetology

Most Common (2022)

26 degrees awarded

In 2022, the most common 1 to 2 year postsecondary certificate concentration at New Beginnings Beauty Academy was General Cosmetology with 26 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from 1 to 2 year postsecondary certificate programs at New Beginnings Beauty Academy according to their major.

Sex Breakdown for Common Majors

Degrees Awarded to Men

in 2022

Degrees Awarded to Women

in 2022

In 2022, 1 degrees were awarded to men at New Beginnings Beauty Academy, which is 0.04 times less than the number of degrees awarded to females (25).

This chart displays the sex disparity between the top 5 majors at New Beginnings Beauty Academy by degrees awarded.

Most Common Male Majors

In 2022, 1 degrees were awarded to men at New Beginnings Beauty Academy in General Cosmetology, which is 0.04 times less than the 25 female recipients with that same degree.

Most Common Female Majors

In 2022, 25 degrees were awarded to men at New Beginnings Beauty Academy in General Cosmetology, which is 25 times more than the 1 male recipients with that same degree.

Time to Complete

13%

100% Completion Time

13%

150% Completion Time

In 2022, 13% of students graduating from New Beginnings Beauty Academy completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 13% completed their degrees within 150% of the normal time, and 13% 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.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2022)

Black or African American
23 degrees awarded
White
3 degrees awarded

The most common race/ethnicity at New Beginnings Beauty Academy is black or african american (23 degrees awarded). There were 7.67 times more black or african american recipients than the next closest race/ethnicity group, white (3 degrees).

0% of degree recipients (0 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2022)

Black or African American Female
22 degrees awarded
White Female
3 degrees awarded
Black or African American Male
1 degrees awarded

The most common race/ethnicity and sex grouping at New Beginnings Beauty Academy is black or african american female (22 degrees awarded). There were 7.33 times more black or african american female recipients than the next closest race/ethnicity group, white female (3 degrees).

Operations

Salary Expenditure

$59k

2022 Salaries

18%

growth from 2021

In 2022, New Beginnings Beauty Academy paid a median of $59k in salaries, a 18% growth from the previous year. This is compared to a 56.3% growth between 2020 and 2021.

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

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