Hair Academy-New Carrollton Campus

www.hairacademymd.com

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2022 Average Net Price

$18,521

After Financial Aid

2020 Default Rate

on Student Loans

2022 Enrolled Students

265

50.2% Full-Time

About

Hair Academy-New Carrollton Campus is a higher education institution located in Prince George's County, MD. In 2022, the most popular 1 to 2 Year Postsecondary Certificate concentrations at Hair Academy-New Carrollton Campus were Barbering (49 degrees awarded) and General Cosmetology (36 degrees).

In 2022, 94 degrees were awarded across all undergraduate and graduate programs at Hair Academy-New Carrollton Campus. 60.6% of these degrees were awarded to women, and 39.4% awarded men. The most common race/ethnicity group of degree recipients was black or african american (88 degrees), 22 times more than then the next closest race/ethnicity group, hispanic or latino (4 degrees).

In 2020 the default rate for borrower's at Hair Academy-New Carrollton Campus was 0%, corresponding to 0 out of the 373 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 $18,521.

In 2022, 29% of undergraduate students attending Hair Academy-New Carrollton Campus received financial aid through grants. Comparatively, 30% of undergraduate students received financial aid through loans.

Average Net Price

$18,521

2022 Value

7.93%

1 Year Growth

In 2022 Hair Academy-New Carrollton Campus had an average net price — the price paid after factoring in grants and loans — of $18,521. Between 2021 and 2022, the average net price of Hair Academy-New Carrollton Campus grew by 7.93%.

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

29%

Undergraduates Receiving Financial Aid through Grants

30%

Undergraduates Receiving Financial Aid through Loans

29% of undergraduate students at Hair Academy-New Carrollton Campus received financial aid through grants or loans in 2022. This represents a growth of 45% with respect to 2021, when 20% of undergraduate students received financial aid.

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

2020 Default Rate

Number of Defaults

In 2020 the default rate for borrower's at Hair Academy-New Carrollton Campus was 0%, which represents 0 out of the 373 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-New Carrollton Campus had a total enrollment of 265 students in 2022. The full-time enrollment at Hair Academy-New Carrollton Campus is 133 students and the part-time enrollment is 132. This means that 50.2% of students enrolled at Hair Academy-New Carrollton Campus are enrolled full-time.

The enrolled student population at Hair Academy-New Carrollton Campus, both undergraduate and graduate, is 92.1% Black or African American, 4.15% Hispanic or Latino, and 3.77% White.

Students enrolled at Hair Academy-New Carrollton Campus in full-time Undergraduate programs are most commonly Black or African American Female (48.9%), followed by Black or African American Male (45.1%) and Hispanic or Latino Female (3.01%).

Full-Time vs Part-Time Enrollment

50.2%

Full-Time Enrollment

The total enrollment at Hair Academy-New Carrollton Campus in 2022, both undergraduate and graduate, is 265 students. The full-time enrollment at Hair Academy-New Carrollton Campus is 133 and the part-time enrollment is 132.

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

Retention Rate over Time

50%

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 Hair Academy-New Carrollton Campus was 50%.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2022)

Black or African American
244 enrolled students
Hispanic or Latino
11 enrolled students
White
10 enrolled students

The enrolled student population at Hair Academy-New Carrollton Campus is 92.1% Black or African American, 4.15% Hispanic or Latino, and 3.77% White. This includes both full-time and part-time students as well as graduate and undergraduates.

Graduates

In 2022, 20 more women than men received degrees from Hair Academy-New Carrollton Campus. The most common race/ethnicity group of degree recipients at Hair Academy-New Carrollton Campus is black or african american (88 degrees awarded). There were 22 times more black or african american recipients than the next closest race/ethnicity group, hispanic or latino (4 degrees).

The most common 1 to 2 Year Postsecondary Certificate concentration at Hair Academy-New Carrollton Campus is Barbering (49 degrees awarded), followed by General Cosmetology (36 degrees).

In 2022, the most specialized majors across all degree types at Hair Academy-New Carrollton Campus, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Personal & Culinary Services (94 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 Hair Academy-New Carrollton Campus 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 Hair Academy-New Carrollton Campus in 2022 are Personal & Culinary Services (94 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 Hair Academy-New Carrollton Campus are Chief executives & legislators, Lawyers, & judges, magistrates, & other judicial workers, Lodging managers, Financial managers, and Management analysts

The most specialized majors at Hair Academy-New Carrollton Campus are Personal & Culinary Services (94 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 Hair Academy-New Carrollton Campus 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 Hair Academy-New Carrollton Campus are Personal & Culinary Services (94 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 Hair Academy-New Carrollton Campus.

Most Common (2022)

Barbering
49 degrees awarded
General Cosmetology
36 degrees awarded

In 2022, the most common 1 to 2 year postsecondary certificate concentration at Hair Academy-New Carrollton Campus was Barbering with 49 degrees awarded.

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

Sex Breakdown for Common Majors

Degrees Awarded to Men

in 2022

Degrees Awarded to Women

in 2022

In 2022, 37 degrees were awarded to men at Hair Academy-New Carrollton Campus, which is 0.649 times less than the number of degrees awarded to females (57).

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

Most Common Male Majors

In 2022, 35 degrees were awarded to men at Hair Academy-New Carrollton Campus in Barbering, which is 2.5 times more than the 14 female recipients with that same degree.

Most Common Female Majors

In 2022, 35 degrees were awarded to men at Hair Academy-New Carrollton Campus in General Cosmetology, which is 35 times more than the 1 male recipients with that same degree.

Time to Complete

44%

100% Completion Time

46%

150% Completion Time

In 2022, 44% of students graduating from Hair Academy-New Carrollton Campus completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 46% completed their degrees within 150% of the normal time, and 46% 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
88 degrees awarded
Hispanic or Latino
4 degrees awarded
White
2 degrees awarded

The most common race/ethnicity at Hair Academy-New Carrollton Campus is black or african american (88 degrees awarded). There were 22 times more black or african american recipients than the next closest race/ethnicity group, hispanic or latino (4 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
52 degrees awarded
Black or African American Male
36 degrees awarded
Hispanic or Latino Female
3 degrees awarded

The most common race/ethnicity and sex grouping at Hair Academy-New Carrollton Campus is black or african american female (52 degrees awarded). There were 1.44 times more black or african american female recipients than the next closest race/ethnicity group, black or african american male (36 degrees).

Operations

Salary Expenditure

$1.27M

2022 Salaries

growth from 2021

In 2022, Hair Academy-New Carrollton Campus paid a median of $1.27M in salaries, a 0% growth from the previous year. This is compared to a 29.9% decline between 2020 and 2021, and a 15.4% growth between 2019 and 2020.

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

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