Hair Academy Inc-New Carrollton

www.hairacademymd.com/

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2021 Average Net Price

$17,160

After Financial Aid

2019 Student Loan

0.267%

Default Rate

2021 Enrolled Students

348

51.7% Full-Time

About

Hair Academy Inc-New Carrollton is a higher education institution located in Prince George's County, MD. In 2021, the most popular 1 to 2 Year Postsecondary Certificate concentrations at Hair Academy Inc-New Carrollton were Barbering (48 degrees awarded) and General Cosmetology (47 degrees).

In 2021, 105 degrees were awarded across all undergraduate and graduate programs at Hair Academy Inc-New Carrollton. 66.7% of these degrees were awarded to women, and 33.3% awarded men. The most common race/ethnicity group of degree recipients was black or african american (101 degrees), 50.5 times more than then the next closest race/ethnicity group, hispanic or latino (2 degrees).

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 $17,160.

In 2021, 20% of undergraduate students attending Hair Academy Inc-New Carrollton received financial aid through grants. Comparatively, 19% of undergraduate students received financial aid through loans.

Average Net Price

$17,160

2021 Value

2.9%

1 Year Growth

In 2021 Hair Academy Inc-New Carrollton had an average net price — the price paid after factoring in grants and loans — of $17,160. Between 2020 and 2021, the average net price of Hair Academy Inc-New Carrollton grew by 2.9%.

This chart compares the average net price of Hair Academy Inc-New Carrollton (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

20%

Undergraduates Receiving Financial Aid through Grants

19%

Undergraduates Receiving Financial Aid through Loans

20% of undergraduate students at Hair Academy Inc-New Carrollton received financial aid through grants or loans in 2021. This represents a decline of 74.7% with respect to 2020, when 79% of undergraduate students received financial aid.

This chart compares the average award discount at Hair Academy Inc-New Carrollton (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.

0.267%

2019 Default Rate

Number of Defaults

In 2019 the default rate for borrower's at Hair Academy Inc-New Carrollton was 0.267%, which represents 1 out of the 374 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

Hair Academy Inc-New Carrollton had a total enrollment of 348 students in 2021. The full-time enrollment at Hair Academy Inc-New Carrollton is 180 students and the part-time enrollment is 168. This means that 51.7% of students enrolled at Hair Academy Inc-New Carrollton are enrolled full-time.

The enrolled student population at Hair Academy Inc-New Carrollton, both undergraduate and graduate, is 97.7% Black or African American and 2.3% Hispanic or Latino.

Students enrolled at Hair Academy Inc-New Carrollton in full-time Undergraduate programs are most commonly Black or African American Female (50.6%), followed by Black or African American Male (45.6%) and Hispanic or Latino Female (3.33%).

Full-Time vs Part-Time Enrollment

51.7%

Full-Time Enrollment

The total enrollment at Hair Academy Inc-New Carrollton in 2021, both undergraduate and graduate, is 348 students. The full-time enrollment at Hair Academy Inc-New Carrollton is 180 and the part-time enrollment is 168.

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

Retention Rate over Time

51%

2021 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 Hair Academy Inc-New Carrollton was 51%. Compared with the full-time retention rate at similar (77%), Hair Academy Inc-New Carrollton had a retention rate lower than its peers.

This chart shows the retention rate over time at Hair Academy Inc-New Carrollton (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2021)

Black or African American
340 enrolled students
Hispanic or Latino
8 enrolled students

The enrolled student population at Hair Academy Inc-New Carrollton is 97.7% Black or African American and 2.3% Hispanic or Latino. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all is 34.9% White, 24.8% Hispanic or Latino, and 17.5% Black or African American.

Graduates

In 2021, 35 more women than men received degrees from Hair Academy Inc-New Carrollton. The most common race/ethnicity group of degree recipients at Hair Academy Inc-New Carrollton is black or african american (101 degrees awarded). There were 50.5 times more black or african american recipients than the next closest race/ethnicity group, hispanic or latino (2 degrees).

The most common 1 to 2 Year Postsecondary Certificate concentration at Hair Academy Inc-New Carrollton is Barbering (48 degrees awarded), followed by General Cosmetology (47 degrees).

In 2021, the most specialized majors across all degree types at Hair Academy Inc-New Carrollton, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Personal & Culinary Services (95 degrees awarded) and Health (10 degrees).

Common Jobs by Major

Registered nurses

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Hair Academy Inc-New Carrollton are Registered nurses (1,332,143 people), Medical & health services managers (145,611 people), Nurse practitioners & nurse midwives (131,680 people), Pharmacists (131,120 people), and Physicians (106,819 people).

The most specialized majors at Hair Academy Inc-New Carrollton in 2021 are Personal & Culinary Services (95 degrees awarded) and Health (10 degrees) (as of 2021).

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 Hair Academy Inc-New Carrollton are Chief executives & legislators, Surgeons, Physicians, Podiatrists, and Nurse anesthetists

The most specialized majors at Hair Academy Inc-New Carrollton are Personal & Culinary Services (95 degrees awarded) and Health (10 degrees) (as of 2021).

Common Industries by Major

General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Hair Academy Inc-New Carrollton are General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (1,442,537 people), Outpatient care centers (215,028 people), Elementary & secondary schools (208,642 people), Offices of physicians (192,448 people), and Colleges, universities & professional schools, including junior colleges (123,331 people).

The most specialized majors at Hair Academy Inc-New Carrollton are Personal & Culinary Services (95 degrees awarded) and Health (10 degrees) (as of 2021).

Majors Awarded

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

Most Common (2021)

Barbering
48 degrees awarded
General Cosmetology
47 degrees awarded

In 2021, the most common 1 to 2 year postsecondary certificate concentration at Hair Academy Inc-New Carrollton was Barbering with 48 degrees awarded.

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

Sex Breakdown for Common Majors

Degrees Awarded to Men

in 2021

Degrees Awarded to Women

in 2021

In 2021, 35 degrees were awarded to men at Hair Academy Inc-New Carrollton, which is 0.5 times less than the number of degrees awarded to females (70).

This chart displays the sex disparity between the top 5 majors at Hair Academy Inc-New Carrollton by degrees awarded.

Most Common Male Majors

In 2021, 34 degrees were awarded to men at Hair Academy Inc-New Carrollton in Barbering, which is 2.43 times more than the 14 female recipients with that same degree.

Most Common Female Majors

In 2021, 47 degrees were awarded to women at Hair Academy Inc-New Carrollton in General Cosmetology. There were no male recipients with the same degree.

Time to Complete

23%

100% Completion Time

50%

150% Completion Time

In 2021, 23% of students graduating from Hair Academy Inc-New Carrollton completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 50% completed their degrees within 150% of the normal time, and 50% 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 (2021)

Black or African American
101 degrees awarded
Hispanic or Latino
2 degrees awarded
White
2 degrees awarded

The most common race/ethnicity at Hair Academy Inc-New Carrollton is black or african american (101 degrees awarded). There were 50.5 times more black or african american recipients than the next closest race/ethnicity group, hispanic or latino (2 degrees).

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

Race & Ethnicity by Sex

Most Common Sex Demographic (2021)

Black or African American Female
67 degrees awarded
Black or African American Male
34 degrees awarded
Hispanic or Latino Female
2 degrees awarded

The most common race/ethnicity and sex grouping at Hair Academy Inc-New Carrollton is black or african american female (67 degrees awarded). There were 1.97 times more black or african american female recipients than the next closest race/ethnicity group, black or african american male (34 degrees).