Med Academy

www.medcollege.edu

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2023 Undergraduate Tuition

$21,330

30.7% growth from 2022

2023 Average Net Price

$64,821

After Financial Aid

2020 Default Rate

3.17%

on Student Loans

2023 Enrolled Students

297

100% Full-Time

2023 Graduation Rate

71.4%

5 Graduates

About

Med Academy is a higher education institution located in Miami-Dade County, FL. In 2023, the most popular Associates Degree concentrations at Med Academy were Magnetic Resonance Imaging (MRI) Technician (38 degrees awarded) and Radiographer (29 degrees).

In 2023, 88 degrees were awarded across all undergraduate and graduate programs at Med Academy. 68.2% of these degrees were awarded to women, and 31.8% awarded men. The most common race/ethnicity group of degree recipients was hispanic or latino (78 degrees), 13 times more than then the next closest race/ethnicity group, white (6 degrees).

The median undergraduate tuition at Med Academy is $21,330, which is $7,518 more than the national average for ($13,813).

In 2020 the default rate for borrower's at Med Academy was 3.17%, corresponding to 2 out of the 63 total borrowers.

Not applicable, not in Carnegie universe (not accredited or nondegree-granting)Unknown

Costs

In 2023, the median undergraduate tuition at Med Academy is $21,330, which is $7,518 more than the national average for ($13,813).

After taking grants and loans into account, the average net price for students is $64,821.

In 2023, 69% of undergraduate students attending Med Academy received financial aid through grants. Comparatively, 94% of undergraduate students received financial aid through loans.

Tuition Costs

$21,330

2023 Undergraduate Tuition

In 2023, the cost of tuition at Med Academy was $21,330. The cost of tuition at Med Academy is $7,518 more than than the overall (public and private) national average for ($13,813).

This chart compares the tuition costs of Med Academy (in red) with those of other similar universities.

Average Net Price

$64,821

2023 Value

1.55%

1 Year Growth

In 2023 Med Academy had an average net price — the price paid after factoring in grants and loans — of $64,821. Between 2022 and 2023, the average net price of Med Academy grew by 1.55%.

This chart compares the average net price of Med 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.

Other Student Expenses

$17,842

Room and Board

$1,750

Books and Supplies

The average yearly cost of room and board at Med Academy was of $17,842 in 2023. The cost of room and board did not change between 2022 and 2023.

During the same period, the average yearly cost of books and supplies was $1,750. The cost of books and supplies increased by 29.5% during the same period.

This chart compares the average student costs at Med Academy (in red) with that of similar universities.

Financial Aid by Income Level

69%

Undergraduates Receiving Financial Aid through Grants

94%

Undergraduates Receiving Financial Aid through Loans

69% of undergraduate students at Med Academy received financial aid through grants or loans in 2023. This represents a decline of 14.8% with respect to 2022, when 81% of undergraduate students received financial aid.

This chart compares the average award discount at Med 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.

3.17%

2020 Default Rate

Number of Defaults

In 2020 the default rate for borrower's at Med Academy was 3.17%, which represents 2 out of the 63 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

Med Academy had a total enrollment of 297 students in 2023. The full-time enrollment at Med Academy is 297 students and the part-time enrollment is 0. This means that 100% of students enrolled at Med Academy are enrolled full-time.

The enrolled student population at Med Academy, both undergraduate and graduate, is 80.5% Hispanic or Latino, 9.76% Black or African American, 7.74% White, 1.01% Asian, 0.337% Native Hawaiian or Other Pacific Islanders, and 0.337% Two or More Races.

Students enrolled at Med Academy in full-time Undergraduate programs are most commonly Hispanic or Latino Female (56.7%), followed by Hispanic or Latino Male (24.2%) and Black or African American Female (6.61%).

Full-Time vs Part-Time Enrollment

100%

Full-Time Enrollment

The total enrollment at Med Academy in 2023, both undergraduate and graduate, is 297 students. The full-time enrollment at Med Academy is 297 and the part-time enrollment is 0.

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

Retention Rate over Time

61%

2023 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 Med Academy was 61%.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)

Hispanic or Latino
239 enrolled students
Black or African American
29 enrolled students
White
23 enrolled students

The enrolled student population at Med Academy is 80.5% Hispanic or Latino, 9.76% Black or African American, 7.74% White, 1.01% Asian, 0.337% Native Hawaiian or Other Pacific Islanders, and 0.337% Two or More Races. This includes both full-time and part-time students as well as graduate and undergraduates.

Graduates

In 2023, 32 more women than men received degrees from Med Academy. The most common race/ethnicity group of degree recipients at Med Academy is hispanic or latino (78 degrees awarded). There were 13 times more hispanic or latino recipients than the next closest race/ethnicity group, white (6 degrees).

The most common Associates Degree concentration at Med Academy is Magnetic Resonance Imaging (MRI) Technician (38 degrees awarded), followed by Radiographer (29 degrees).

In 2023, the most specialized majors across all degree types at Med Academy, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Health (88 degrees awarded).

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 Med Academy are Registered nurses (1,452,497 people), Medical & health services managers (156,128 people), Nurse practitioners & nurse midwives (152,116 people), Pharmacists (133,517 people), and Physicians (108,029 people).

The most specialized majors at Med Academy in 2023 are Health (88 degrees awarded) (as of 2023).

Highest Paying Jobs by Major

Surgeons

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Med Academy are Surgeons, Diagnostic medical sonographers, Podiatrists, Cardiovascular technologists and technicians, and Media and communication workers, all other

The most specialized majors at Med Academy are Health (88 degrees awarded) (as of 2023).

Common Industries by Major

Elementary & secondary schools

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Med Academy are Elementary & secondary schools (5,586,329 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (3,275,256 people), Colleges, universities & professional schools, including junior colleges (2,452,532 people), Computer Systems Design (2,343,824 people), and Construction (1,303,670 people).

The most specialized majors at Med Academy are Health (88 degrees awarded) (as of 2023).

Majors Awarded

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

Most Common (2023)

Magnetic Resonance Imaging (MRI) Technician
38 degrees awarded
Radiographer
29 degrees awarded

In 2023, the most common associates degree concentration at Med Academy was Magnetic Resonance Imaging (MRI) Technician with 38 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from associates degree programs at Med Academy according to their major.

Sex Breakdown for Common Majors

Degrees Awarded to Men

in 2023

Degrees Awarded to Women

in 2023

In 2023, 28 degrees were awarded to men at Med Academy, which is 0.467 times less than the number of degrees awarded to females (60).

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

Most Common Male Majors

In 2023, 17 degrees were awarded to men at Med Academy in Magnetic Resonance Imaging (MRI) Technician, which is 0.5 times less than the 34 female recipients with that same degree.

Most Common Female Majors

In 2023, 34 degrees were awarded to men at Med Academy in Magnetic Resonance Imaging (MRI) Technician, which is 2 times more than the 17 male recipients with that same degree.

Time to Complete

80%

100% Completion Time

80%

150% Completion Time

In 2023, 80% of students graduating from Med Academy completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 80% completed their degrees within 150% of the normal time, and 80% 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.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

Hispanic or Latino Female

Highest Graduation Rate (80%)

The student demographic with the highest graduation rate in 2023 at Med Academy is Female and Hispanic or Latino (80% graduation rate). Across all , Non-resident Alien Male students have the highest graduation rate (65.7%).

The department of education defines graduation rate as the percentage of full-time, first-time students who received a degree or award within 150% of "normal time" to completion.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)

Hispanic or Latino
78 degrees awarded
White
6 degrees awarded
Black or African American
3 degrees awarded

The most common race/ethnicity at Med Academy is hispanic or latino (78 degrees awarded). There were 13 times more hispanic or latino recipients than the next closest race/ethnicity group, white (6 degrees).

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

Race & Ethnicity by Sex

Most Common Sex Demographic (2023)

Hispanic or Latino Female
54 degrees awarded
Hispanic or Latino Male
24 degrees awarded
White Female
4 degrees awarded

The most common race/ethnicity and sex grouping at Med Academy is hispanic or latino female (54 degrees awarded). There were 2.25 times more hispanic or latino female recipients than the next closest race/ethnicity group, hispanic or latino male (24 degrees).

Operations

Med Academy employs 3 Professors. Most academics at Med Academy are Male Professor (2), and Female Professor (1).

The most common positions for non-instructional staff at Med Academy are: Office and Administrative Support, with 12 employees, Management, with 3 employees, and Sales and related with 2 employees.

Salary Expenditure

$1.1M

2023 Salaries

44.3%

growth from 2022

In 2023, Med Academy paid a median of $1.1M in salaries, a 44.3% growth from the previous year. This is compared to a 28.9% growth between 2021 and 2022, and a 20% decline between 2020 and 2021.

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

Instructional Salaries

$153k

Instructional Salaries

Number of Employees

In 2023, Med Academy paid a total of $153k to 3 employees working as instructors, which represents 14% of all salaries paid.

This is compared to a median of $160k (22.2%) for similar Unknown.

Occupations by Share

Professor

Most Common Instructor

3 Employees

Office and Administrative Support

Most Common Non-Instructional Employee

12 Employees

In 2023, the most common positions for instructional staff at Med Academy was Professor with 3 employees.

In 2023, the most common positions for non-instructional staff at Med Academy were Office and Administrative Support with 12 employees, Management with 3 employees, and Sales and related with 2 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2023)

Male Professor
Female Professor

In 2023, the most common demographic for instructional staff at Med Academy was Male Professor with 2 employees, and Female Professor with 1 employees.

This chart shows the sex split between each academic rank present at Med Academy.

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