Modern Beauty Academy

www.modernbeautyacademy.org

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2023 Average Net Price

$11,582

After Financial Aid

2020 Default Rate

6.25%

on Student Loans

2023 Enrolled Students

67.7% Full-Time

About

Modern Beauty Academy is a higher education institution located in Ventura County, CA. In 2023, the most popular 1 to 2 Year Postsecondary Certificate concentrations at Modern Beauty Academy were Barbering (27 degrees awarded) and General Cosmetology (15 degrees).

In 2023, 58 degrees were awarded across all undergraduate and graduate programs at Modern Beauty Academy. 63.8% of these degrees were awarded to women, and 36.2% awarded men. The most common race/ethnicity group of degree recipients was hispanic or latino (52 degrees), 52 times more than then the next closest race/ethnicity group, asian (1 degrees).

In 2020 the default rate for borrower's at Modern Beauty Academy was 6.25%, corresponding to 4 out of the 64 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 $11,582.

In 2023, 28% of undergraduate students attending Modern Beauty Academy received financial aid through grants. Comparatively, 26% of undergraduate students received financial aid through loans.

Average Net Price

$11,582

2023 Value

52%

1 Year Growth

In 2023 Modern Beauty Academy had an average net price — the price paid after factoring in grants and loans — of $11,582. Between 2022 and 2023, the average net price of Modern Beauty Academy grew by 52%.

This chart compares the average net price of Modern 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

28%

Undergraduates Receiving Financial Aid through Grants

26%

Undergraduates Receiving Financial Aid through Loans

28% of undergraduate students at Modern Beauty Academy received financial aid through grants or loans in 2023. This represents a decline of 42.9% with respect to 2022, when 49% of undergraduate students received financial aid.

This chart compares the average award discount at Modern 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.

6.25%

2020 Default Rate

Number of Defaults

In 2020 the default rate for borrower's at Modern Beauty Academy was 6.25%, which represents 4 out of the 64 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

Modern Beauty Academy had a total enrollment of 62 students in 2023. The full-time enrollment at Modern Beauty Academy is 42 students and the part-time enrollment is 20. This means that 67.7% of students enrolled at Modern Beauty Academy are enrolled full-time.

The enrolled student population at Modern Beauty Academy, both undergraduate and graduate, is 77.4% Hispanic or Latino, 4.84% White, 3.23% American Indian or Alaska Native, 3.23% Asian, and 1.61% Two or More Races.

Students enrolled at Modern Beauty Academy in full-time Undergraduate programs are most commonly Hispanic or Latino Female (54.5%), followed by Hispanic or Latino Male (27.3%) and American Indian or Alaska Native Female (3.03%).

Full-Time vs Part-Time Enrollment

67.7%

Full-Time Enrollment

The total enrollment at Modern Beauty Academy in 2023, both undergraduate and graduate, is 62 students. The full-time enrollment at Modern Beauty Academy is 42 and the part-time enrollment is 20.

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

Retention Rate over Time

100%

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 Modern Beauty Academy was 100%.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)

Hispanic or Latino
48 enrolled students
White
3 enrolled students
American Indian or Alaska Native
2 enrolled students

The enrolled student population at Modern Beauty Academy is 77.4% Hispanic or Latino, 4.84% White, 3.23% American Indian or Alaska Native, 3.23% Asian, and 1.61% Two or More Races. This includes both full-time and part-time students as well as graduate and undergraduates.

Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 1 students (1.61%) did not report their race.

Graduates

In 2023, 16 more women than men received degrees from Modern Beauty Academy. The most common race/ethnicity group of degree recipients at Modern Beauty Academy is hispanic or latino (52 degrees awarded). There were 52 times more hispanic or latino recipients than the next closest race/ethnicity group, asian (1 degrees).

The most common 1 to 2 Year Postsecondary Certificate concentration at Modern Beauty Academy is Barbering (27 degrees awarded), followed by General Cosmetology (15 degrees).

In 2023, the most specialized majors across all degree types at Modern Beauty Academy, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Personal & Culinary Services (58 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 Modern Beauty Academy are Chefs & head cooks (7,906 people), Cooks (2,655 people), Morticians, undertakers, & funeral directors (2,587 people), Food service managers (2,017 people), and Customer service representatives (1,079 people).

The most specialized majors at Modern Beauty Academy in 2023 are Personal & Culinary Services (58 degrees awarded) (as of 2023).

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

The most specialized majors at Modern Beauty Academy are Personal & Culinary Services (58 degrees awarded) (as of 2023).

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 Modern 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 Modern Beauty Academy are Personal & Culinary Services (58 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 Modern Beauty Academy.

Most Common (2023)

Barbering
27 degrees awarded
General Cosmetology
15 degrees awarded

In 2023, the most common 1 to 2 year postsecondary certificate concentration at Modern Beauty Academy was Barbering with 27 degrees awarded.

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

Sex Breakdown for Common Majors

Degrees Awarded to Men

in 2023

Degrees Awarded to Women

in 2023

In 2023, 21 degrees were awarded to men at Modern Beauty Academy, which is 0.568 times less than the number of degrees awarded to females (37).

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

Most Common Male Majors

In 2023, 21 degrees were awarded to men at Modern Beauty Academy in Barbering, which is 1.75 times more than the 12 female recipients with that same degree.

Most Common Female Majors

In 2023, 15 degrees were awarded to women at Modern Beauty Academy in General Cosmetology. There were no male recipients with the same degree.

Time to Complete

N/A%

100% Completion Time

60%

150% Completion Time

In 2023, N/A% of students graduating from Modern Beauty Academy completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 60% completed their degrees within 150% of the normal time, and 60% 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 (2023)

Hispanic or Latino
52 degrees awarded
Asian
1 degrees awarded
White
1 degrees awarded

The most common race/ethnicity at Modern Beauty Academy is hispanic or latino (52 degrees awarded). There were 52 times more hispanic or latino recipients than the next closest race/ethnicity group, asian (1 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
32 degrees awarded
Hispanic or Latino Male
20 degrees awarded
White Male
1 degrees awarded

The most common race/ethnicity and sex grouping at Modern Beauty Academy is hispanic or latino female (32 degrees awarded). There were 1.6 times more hispanic or latino female recipients than the next closest race/ethnicity group, hispanic or latino male (20 degrees).

Operations

Salary Expenditure

$215k

2023 Salaries

23.1%

growth from 2022

In 2023, Modern Beauty Academy paid a median of $215k in salaries, a 23.1% growth from the previous year. This is compared to a 129% growth between 2021 and 2022, and a 62.2% decline between 2020 and 2021.

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

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