Modern Hairstyling Institute-Carolina

www.modern.edu/

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2021 Average Net Price

$4,616

After Financial Aid

2019 Student Loan

4.56%

Default Rate

2021 Acceptance Rate

90.1%

172 Applicants

2021 Enrolled Students

142

80.3% Full-Time

About

Modern Hairstyling Institute-Carolina is a higher education institution located in Carolina Municipio, PR. In 2021, the most popular 1 to 2 Year Postsecondary Certificate concentrations at Modern Hairstyling Institute-Carolina were Barbering (82 degrees awarded), General Cosmetology (68 degrees), and Make-Up Artist (13 degrees).

In 2021, 205 degrees were awarded across all undergraduate and graduate programs at Modern Hairstyling Institute-Carolina. 61% of these degrees were awarded to women, and 39% awarded men. The most common race/ethnicity group of degree recipients was hispanic or latino (205 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 $4,616.

In 2021, 96% of undergraduate students attending Modern Hairstyling Institute-Carolina received financial aid through grants.

Average Net Price

$4,616

2021 Value

1.27%

1 Year Growth

In 2021 Modern Hairstyling Institute-Carolina had an average net price — the price paid after factoring in grants and loans — of $4,616. Between 2020 and 2021, the average net price of Modern Hairstyling Institute-Carolina grew by 1.27%.

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

96%

Undergraduates Receiving Financial Aid through Grants

96% of undergraduate students at Modern Hairstyling Institute-Carolina received financial aid through grants or loans in 2021. This represents a decline of 4% with respect to 2020, when 100% of undergraduate students received financial aid.

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

4.56%

2019 Default Rate

Number of Defaults

In 2019 the default rate for borrower's at Modern Hairstyling Institute-Carolina was 4.56%, which represents 86 out of the 1884 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.

Admissions

Modern Hairstyling Institute-Carolina received 172 undergraduate applications in 2021, which represents a 22.9% annual growth. Out of those 172 applicants, 155 students were accepted for enrollment, representing a 90.1% acceptance rate.

There were 142 students enrolled at Modern Hairstyling Institute-Carolina in 2021.

Modern Hairstyling Institute-Carolina has an overall enrollment yield of 90.3%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

90.1%

Acceptance Rate in 2021

155

Accepted Out of 172

In 2021, the undergraduate acceptance rate of Modern Hairstyling Institute-Carolina was 90.1% (155 admissions from 172 applications). This is lower than the acceptance rate of 2020, which was 100%. Between 2020 and 2021, the number of applicants grew by 22.9%, while admissions grew by 10.7%..

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

Enrollment

Modern Hairstyling Institute-Carolina had a total enrollment of 142 students in 2021. The full-time enrollment at Modern Hairstyling Institute-Carolina is 114 students and the part-time enrollment is 28. This means that 80.3% of students enrolled at Modern Hairstyling Institute-Carolina are enrolled full-time.

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

Students enrolled at Modern Hairstyling Institute-Carolina in full-time Undergraduate programs are most commonly Hispanic or Latino Female (63.2%), followed by Hispanic or Latino Male (36.8%).

Full-Time vs Part-Time Enrollment

80.3%

Full-Time Enrollment

The total enrollment at Modern Hairstyling Institute-Carolina in 2021, both undergraduate and graduate, is 142 students. The full-time enrollment at Modern Hairstyling Institute-Carolina is 114 and the part-time enrollment is 28.

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

Retention Rate over Time

73%

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 Modern Hairstyling Institute-Carolina was 73%. Compared with the full-time retention rate at similar (77%), Modern Hairstyling Institute-Carolina had a retention rate lower than its peers.

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

Enrollment by Race & Ethnicity

Hispanic or Latino

Most Common Race or Ethnicity (2021)

142 enrolled students

The enrolled student population at Modern Hairstyling Institute-Carolina is 100% Hispanic or Latino. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all is 34.9% White, 24.8% Hispanic or Latino, and 17.5% Black or African American.

Graduates

In 2021, 45 more women than men received degrees from Modern Hairstyling Institute-Carolina. The most common race/ethnicity group of degree recipients at Modern Hairstyling Institute-Carolina is hispanic or latino (205 degrees awarded).

The most common 1 to 2 Year Postsecondary Certificate concentration at Modern Hairstyling Institute-Carolina is Barbering (82 degrees awarded), followed by General Cosmetology (68 degrees) and Make-Up Artist (13 degrees).

In 2021, the most specialized majors across all degree types at Modern Hairstyling Institute-Carolina, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Personal & Culinary Services (205 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-Carolina are Registered nurses (1,332,143 people), Medical & health services managers (145,611 people), Nurse practitioners & nurse midwives (131,680 people), Pharmacists (131,120 people), and Physicians (106,819 people).

The most specialized majors at Modern Hairstyling Institute-Carolina in 2021 are Personal & Culinary Services (205 degrees awarded) and Health (0 degrees) (as of 2021).

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 Hairstyling Institute-Carolina are Chief executives & legislators, Surgeons, Physicians, Podiatrists, and Nurse anesthetists

The most specialized majors at Modern Hairstyling Institute-Carolina are Personal & Culinary Services (205 degrees awarded) and Health (0 degrees) (as of 2021).

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-Carolina are General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (1,442,537 people), Outpatient care centers (215,028 people), Elementary & secondary schools (208,642 people), Offices of physicians (192,448 people), and Colleges, universities & professional schools, including junior colleges (123,331 people).

The most specialized majors at Modern Hairstyling Institute-Carolina are Personal & Culinary Services (205 degrees awarded) and Health (0 degrees) (as of 2021).

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-Carolina.

Most Common (2021)

Barbering
82 degree-majors awarded
General Cosmetology
68 degree-majors awarded
Make-Up Artist
13 degree-majors awarded

In 2021, the most common 1 to 2 year postsecondary certificate concentration at Modern Hairstyling Institute-Carolina was Barbering with 82 degrees awarded.

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

Sex Breakdown for Common Majors

Degrees Awarded to Men

in 2021

125

Degrees Awarded to Women

in 2021

In 2021, 80 degrees were awarded to men at Modern Hairstyling Institute-Carolina, which is 0.64 times less than the number of degrees awarded to females (125).

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

Most Common Male Majors

In 2021, 72 degrees were awarded to men at Modern Hairstyling Institute-Carolina in Barbering, which is 7.2 times more than the 10 female recipients with that same degree.

Most Common Female Majors

In 2021, 64 degrees were awarded to men at Modern Hairstyling Institute-Carolina in General Cosmetology, which is 16 times more than the 4 male recipients with that same degree.

Time to Complete

38%

100% Completion Time

69%

150% Completion Time

In 2021, 38% of students graduating from Modern Hairstyling Institute-Carolina completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 69% completed their degrees within 150% of the normal time, and 69% 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 (2021)

205 degrees awarded

The most common race/ethnicity at Modern Hairstyling Institute-Carolina is hispanic or latino (205 degrees awarded).

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

Race & Ethnicity by Sex

Most Common Sex Demographic (2021)

Hispanic or Latino Female
125 degrees awarded
Hispanic or Latino Male
80 degrees awarded

The most common race/ethnicity and sex grouping at Modern Hairstyling Institute-Carolina is hispanic or latino female (125 degrees awarded). There were 1.56 times more hispanic or latino female recipients than the next closest race/ethnicity group, hispanic or latino male (80 degrees).