Luckes Beauty Academy LLC

www.luckesbeautyacademy.com

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2022 Average Net Price

$6,786

After Financial Aid

2020 Default Rate

12.5%

on Student Loans

2022 Enrolled Students

38.1% Full-Time

About

Luckes Beauty Academy LLC is a higher education institution located in Newport News city, VA. In 2022, the most popular 1 to 2 Year Postsecondary Certificate concentrations at Luckes Beauty Academy LLC were General Cosmetology (12 degrees awarded).

In 2022, 12 degrees were awarded across all undergraduate and graduate programs at Luckes Beauty Academy LLC. 91.7% of these degrees were awarded to women, and 8.33% awarded men. The most common race/ethnicity group of degree recipients was black or african american (9 degrees), 9 times more than then the next closest race/ethnicity group, white (1 degrees).

In 2020 the default rate for borrower's at Luckes Beauty Academy LLC was 12.5%, corresponding to 10 out of the 80 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 $6,786.

In 2022, 53% of undergraduate students attending Luckes Beauty Academy LLC received financial aid through grants. Comparatively, 45% of undergraduate students received financial aid through loans.

Average Net Price

$6,786

2022 Value

29%

1 Year Growth

In 2022 Luckes Beauty Academy LLC had an average net price — the price paid after factoring in grants and loans — of $6,786. Between 2021 and 2022, the average net price of Luckes Beauty Academy LLC grew by 29%.

This chart compares the average net price of Luckes Beauty Academy LLC (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

53%

Undergraduates Receiving Financial Aid through Grants

45%

Undergraduates Receiving Financial Aid through Loans

53% of undergraduate students at Luckes Beauty Academy LLC received financial aid through grants or loans in 2022. This represents a decline of 13.1% with respect to 2021, when 61% of undergraduate students received financial aid.

This chart compares the average award discount at Luckes Beauty Academy LLC (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.

12.5%

2020 Default Rate

Number of Defaults

In 2020 the default rate for borrower's at Luckes Beauty Academy LLC was 12.5%, which represents 10 out of the 80 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

Luckes Beauty Academy LLC had a total enrollment of 21 students in 2022. The full-time enrollment at Luckes Beauty Academy LLC is 8 students and the part-time enrollment is 13. This means that 38.1% of students enrolled at Luckes Beauty Academy LLC are enrolled full-time.

The enrolled student population at Luckes Beauty Academy LLC, both undergraduate and graduate, is 85.7% Black or African American, 9.52% White, and 4.76% Hispanic or Latino.

Students enrolled at Luckes Beauty Academy LLC in full-time Undergraduate programs are most commonly Black or African American Female (75%), followed by Hispanic or Latino Female (12.5%) and White Female (12.5%).

Full-Time vs Part-Time Enrollment

38.1%

Full-Time Enrollment

The total enrollment at Luckes Beauty Academy LLC in 2022, both undergraduate and graduate, is 21 students. The full-time enrollment at Luckes Beauty Academy LLC is 8 and the part-time enrollment is 13.

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

Retention Rate over Time

60%

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 Luckes Beauty Academy LLC was 60%.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2022)

Black or African American
18 enrolled students
White
2 enrolled students
Hispanic or Latino
1 enrolled students

The enrolled student population at Luckes Beauty Academy LLC is 85.7% Black or African American, 9.52% White, and 4.76% Hispanic or Latino. This includes both full-time and part-time students as well as graduate and undergraduates.

Graduates

In 2022, 10 more women than men received degrees from Luckes Beauty Academy LLC. The most common race/ethnicity group of degree recipients at Luckes Beauty Academy LLC is black or african american (9 degrees awarded). There were 9 times more black or african american recipients than the next closest race/ethnicity group, white (1 degrees).

The most common 1 to 2 Year Postsecondary Certificate concentration at Luckes Beauty Academy LLC is General Cosmetology (12 degrees awarded).

In 2022, the most specialized majors across all degree types at Luckes Beauty Academy LLC, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Personal & Culinary Services (12 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 Luckes Beauty Academy LLC 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 Luckes Beauty Academy LLC in 2022 are Personal & Culinary Services (12 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 Luckes Beauty Academy LLC are Chief executives & legislators, Lawyers, & judges, magistrates, & other judicial workers, Lodging managers, Financial managers, and Management analysts

The most specialized majors at Luckes Beauty Academy LLC are Personal & Culinary Services (12 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 Luckes Beauty Academy LLC 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 Luckes Beauty Academy LLC are Personal & Culinary Services (12 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 Luckes Beauty Academy LLC.

General Cosmetology

Most Common (2022)

12 degrees awarded

In 2022, the most common 1 to 2 year postsecondary certificate concentration at Luckes Beauty Academy LLC was General Cosmetology with 12 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from 1 to 2 year postsecondary certificate programs at Luckes Beauty Academy LLC 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 Luckes Beauty Academy LLC, which is 0.0909 times less than the number of degrees awarded to females (11).

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

Most Common Male Majors

In 2022, 1 degrees were awarded to men at Luckes Beauty Academy LLC in General Cosmetology, which is 0.0909 times less than the 11 female recipients with that same degree.

Most Common Female Majors

In 2022, 11 degrees were awarded to men at Luckes Beauty Academy LLC in General Cosmetology, which is 11 times more than the 1 male recipients with that same degree.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2022)

Black or African American
9 degrees awarded
White
1 degrees awarded

The most common race/ethnicity at Luckes Beauty Academy LLC is black or african american (9 degrees awarded). There were 9 times more black or african american recipients than the next closest race/ethnicity group, white (1 degrees).

16.7% of degree recipients (2 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2022)

Black or African American Female
8 degrees awarded
Black or African American Male
1 degrees awarded
White Female
1 degrees awarded

The most common race/ethnicity and sex grouping at Luckes Beauty Academy LLC is black or african american female (8 degrees awarded). There were 8 times more black or african american female recipients than the next closest race/ethnicity group, black or african american male (1 degrees).

Operations

Salary Expenditure

$122k

2022 Salaries

8.11%

decline from 2021

In 2022, Luckes Beauty Academy LLC paid a median of $122k in salaries, a 8.11% decline from the previous year. This is compared to a 6.75% growth between 2020 and 2021, and a 150% growth between 2019 and 2020.

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

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