Modern Hairstyling Institute-Bayamon

www.modern.edu

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2022 Average Net Price

$5,561

After Financial Aid

2022 Acceptance Rate

85.7%

210 Applicants

2022 Enrolled Students

171

74.9% Full-Time

About

Modern Hairstyling Institute-Bayamon is a higher education institution located in Bayamón Municipio, PR. In 2022, the most popular 1 to 2 Year Postsecondary Certificate concentrations at Modern Hairstyling Institute-Bayamon were General Cosmetology (81 degrees awarded), Barbering (53 degrees), and Make-Up Artist (12 degrees).

In 2022, 188 degrees were awarded across all undergraduate and graduate programs at Modern Hairstyling Institute-Bayamon. 75% of these degrees were awarded to women, and 25% awarded men. The most common race/ethnicity group of degree recipients was hispanic or latino (188 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 $5,561.

In 2022, 100% of undergraduate students attending Modern Hairstyling Institute-Bayamon received financial aid through grants.

Average Net Price

$5,561

2022 Value

23.3%

1 Year Growth

In 2022 Modern Hairstyling Institute-Bayamon had an average net price — the price paid after factoring in grants and loans — of $5,561. Between 2021 and 2022, the average net price of Modern Hairstyling Institute-Bayamon grew by 23.3%.

This chart compares the average net price of Modern Hairstyling Institute-Bayamon (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

100%

Undergraduates Receiving Financial Aid through Grants

100% of undergraduate students at Modern Hairstyling Institute-Bayamon received financial aid through grants or loans in 2022. This represents a growth of 4.17% with respect to 2021, when 96% of undergraduate students received financial aid.

This chart compares the average award discount at Modern Hairstyling Institute-Bayamon (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.

Admissions

Modern Hairstyling Institute-Bayamon received 210 undergraduate applications in 2022, which represents a 27.3% annual growth. Out of those 210 applicants, 180 students were accepted for enrollment, representing a 85.7% acceptance rate.

There were 171 students enrolled at Modern Hairstyling Institute-Bayamon in 2022.

Modern Hairstyling Institute-Bayamon has an overall enrollment yield of 93.3%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

85.7%

Acceptance Rate in 2022

180

Accepted Out of 210

In 2022, the undergraduate acceptance rate of Modern Hairstyling Institute-Bayamon was 85.7% (180 admissions from 210 applications). This is lower than the acceptance rate of 2021, which was 89.1%. Between 2021 and 2022, the number of applicants grew by 27.3%, while admissions grew by 22.4%.

This chart compares the acceptance rate of Modern Hairstyling Institute-Bayamon (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

Enrollment

Modern Hairstyling Institute-Bayamon had a total enrollment of 171 students in 2022. The full-time enrollment at Modern Hairstyling Institute-Bayamon is 128 students and the part-time enrollment is 43. This means that 74.9% of students enrolled at Modern Hairstyling Institute-Bayamon are enrolled full-time.

The enrolled student population at Modern Hairstyling Institute-Bayamon, both undergraduate and graduate, is 100% Hispanic or Latino.

Students enrolled at Modern Hairstyling Institute-Bayamon in full-time Undergraduate programs are most commonly Hispanic or Latino Female (66.4%), followed by Hispanic or Latino Male (33.6%).

Full-Time vs Part-Time Enrollment

74.9%

Full-Time Enrollment

The total enrollment at Modern Hairstyling Institute-Bayamon in 2022, both undergraduate and graduate, is 171 students. The full-time enrollment at Modern Hairstyling Institute-Bayamon is 128 and the part-time enrollment is 43.

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

Retention Rate over Time

93%

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 Modern Hairstyling Institute-Bayamon was 93%.

This chart shows the retention rate over time at Modern Hairstyling Institute-Bayamon (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Hispanic or Latino

Most Common Race or Ethnicity (2022)

171 enrolled students

The enrolled student population at Modern Hairstyling Institute-Bayamon is 100% Hispanic or Latino. This includes both full-time and part-time students as well as graduate and undergraduates.

Graduates

In 2022, 94 more women than men received degrees from Modern Hairstyling Institute-Bayamon. The most common race/ethnicity group of degree recipients at Modern Hairstyling Institute-Bayamon is hispanic or latino (188 degrees awarded).

The most common 1 to 2 Year Postsecondary Certificate concentration at Modern Hairstyling Institute-Bayamon is General Cosmetology (81 degrees awarded), followed by Barbering (53 degrees) and Make-Up Artist (12 degrees).

In 2022, the most specialized majors across all degree types at Modern Hairstyling Institute-Bayamon, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Personal & Culinary Services (188 degrees awarded) and Health (0 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 Modern Hairstyling Institute-Bayamon are Registered nurses (1,394,973 people), Medical & health services managers (151,169 people), Nurse practitioners & nurse midwives (140,626 people), Pharmacists (134,087 people), and Physicians (107,616 people).

The most specialized majors at Modern Hairstyling Institute-Bayamon in 2022 are Personal & Culinary Services (188 degrees awarded) and Health (0 degrees) (as of 2022).

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 Modern Hairstyling Institute-Bayamon are Surgeons, Chief executives & legislators, Physicians, Lawyers, & judges, magistrates, & other judicial workers, and Podiatrists

The most specialized majors at Modern Hairstyling Institute-Bayamon are Personal & Culinary Services (188 degrees awarded) and Health (0 degrees) (as of 2022).

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 Modern Hairstyling Institute-Bayamon are General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (1,483,204 people), Outpatient care centers (237,738 people), Elementary & secondary schools (217,353 people), Offices of physicians (202,325 people), and Colleges, universities & professional schools, including junior colleges (130,917 people).

The most specialized majors at Modern Hairstyling Institute-Bayamon are Personal & Culinary Services (188 degrees awarded) and Health (0 degrees) (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 Modern Hairstyling Institute-Bayamon.

Most Common (2022)

General Cosmetology
81 degrees awarded
Barbering
53 degrees awarded
Make-Up Artist
12 degrees awarded

In 2022, the most common 1 to 2 year postsecondary certificate concentration at Modern Hairstyling Institute-Bayamon was General Cosmetology with 81 degrees awarded.

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

Sex Breakdown for Common Majors

Degrees Awarded to Men

in 2022

141

Degrees Awarded to Women

in 2022

In 2022, 47 degrees were awarded to men at Modern Hairstyling Institute-Bayamon, which is 0.333 times less than the number of degrees awarded to females (141).

This chart displays the sex disparity between the top 5 majors at Modern Hairstyling Institute-Bayamon by degrees awarded.

Most Common Male Majors

In 2022, 43 degrees were awarded to men at Modern Hairstyling Institute-Bayamon in Barbering, which is 4.3 times more than the 10 female recipients with that same degree.

Most Common Female Majors

In 2022, 79 degrees were awarded to men at Modern Hairstyling Institute-Bayamon in General Cosmetology, which is 39.5 times more than the 2 male recipients with that same degree.

Time to Complete

33%

100% Completion Time

65%

150% Completion Time

In 2022, 33% of students graduating from Modern Hairstyling Institute-Bayamon completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 65% completed their degrees within 150% of the normal time, and 65% 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

Hispanic or Latino

Most Common Student Race or Ethnicity (2022)

188 degrees awarded

The most common race/ethnicity at Modern Hairstyling Institute-Bayamon is hispanic or latino (188 degrees awarded).

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

Race & Ethnicity by Sex

Most Common Sex Demographic (2022)

Hispanic or Latino Female
141 degrees awarded
Hispanic or Latino Male
47 degrees awarded

The most common race/ethnicity and sex grouping at Modern Hairstyling Institute-Bayamon is hispanic or latino female (141 degrees awarded). There were 3 times more hispanic or latino female recipients than the next closest race/ethnicity group, hispanic or latino male (47 degrees).

Operations

Salary Expenditure

$990k

2022 Salaries

10.3%

growth from 2021

In 2022, Modern Hairstyling Institute-Bayamon paid a median of $990k in salaries, a 10.3% growth from the previous year. This is compared to a 12.2% decline between 2020 and 2021, and a 5.76% growth between 2019 and 2020.

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

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