Modern Welding School

modernwelding.com

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2023 Average Net Price
$20,901
After Financial Aid
2021 Default Rate
0%
on Student Loans
2023 Enrolled Students
69
69.6% Full-Time

About

Modern Welding School is a higher education institution located in Schenectady County, NY. In 2023, the most popular 1 to 2 Year Postsecondary Certificate concentrations at Modern Welding School were Welding Technology (62 degrees awarded).

In 2023, 79 degrees were awarded across all undergraduate and graduate programs at Modern Welding School. 12.7% of these degrees were awarded to women, and 87.3% awarded men. The most common race/ethnicity group of degree recipients was white (76 degrees), 38 times more than then the next closest race/ethnicity group, black or african american (2 degrees).

In 2021 the default rate for borrower's at Modern Welding School was 0%, corresponding to 0 out of the 67 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 $20,901.

In 2023, 64% of undergraduate students attending Modern Welding School received financial aid through grants. Comparatively, 74% of undergraduate students received financial aid through loans.

Average Net Price

$20,901
2023 Value
3.64%
1 Year Growth

In 2023 Modern Welding School had an average net price — the price paid after factoring in grants and loans — of $20,901. Between 2022 and 2023, the average net price of Modern Welding School grew by 3.64%.

This chart compares the average net price of Modern Welding School (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.

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Financial Aid by Income Level

64%
Undergraduates Receiving Financial Aid through Grants
74%
Undergraduates Receiving Financial Aid through Loans

64% of undergraduate students at Modern Welding School received financial aid through grants or loans in 2023. This represents a decline of 11.1% with respect to 2022, when 72% of undergraduate students received financial aid.

This chart compares the average award discount at Modern Welding School (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.

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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.
0%
2021 Default Rate
0
Number of Defaults

In 2021 the default rate for borrower's at Modern Welding School was 0%, which represents 0 out of the 67 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.

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Enrollment

Modern Welding School had a total enrollment of 69 students in 2023. The full-time enrollment at Modern Welding School is 48 students and the part-time enrollment is 21. This means that 69.6% of students enrolled at Modern Welding School are enrolled full-time.

Students enrolled at Modern Welding School in full-time Undergraduate programs are most commonly White Male (79.4%), followed by Black or African American Male (9.28%) and White Female (7.22%).

Full-Time vs Part-Time Enrollment

69.6%
Full-Time Enrollment

The total enrollment at Modern Welding School in 2023, both undergraduate and graduate, is 69 students. The full-time enrollment at Modern Welding School is 48 and the part-time enrollment is 21.

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

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Retention Rate over Time

98%
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 Welding School was 98%.

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

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Graduates

In 2023, 59 fewer women than men received degrees from Modern Welding School. The most common race/ethnicity group of degree recipients at Modern Welding School is white (76 degrees awarded). There were 38 times more white recipients than the next closest race/ethnicity group, black or african american (2 degrees).

The most common 1 to 2 Year Postsecondary Certificate concentration at Modern Welding School is Welding Technology (62 degrees awarded).

In 2023,  the most specialized majors across all degree types at Modern Welding School, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Precision Production (79 degrees awarded).

Common Jobs by Major

Elementary & middle school teachers
Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Modern Welding School are Elementary & middle school teachers (2,534,438 people), Other managers (2,341,519 people), Registered nurses (1,927,906 people), Software developers (1,575,594 people), and Accountants & auditors (1,359,801 people).

The most specialized majors at Modern Welding School in 2023 are Precision Production (79 degrees awarded) (as of 2023).

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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 Welding School are Surgeons, Physicians, Cardiovascular technologists and technicians, Agents & business managers of artists, performers, & athletes, and Diagnostic medical sonographers

The most specialized majors at Modern Welding School are Precision Production (79 degrees awarded) (as of 2023).

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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 Modern Welding School are Elementary & secondary schools (5,697,895 people), uninformed (4,740,328 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (3,402,494 people), Colleges, universities & professional schools, including junior colleges (2,525,569 people), and Computer Systems Design (2,495,778 people).

The most specialized majors at Modern Welding School are Precision Production (79 degrees awarded) (as of 2023).

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Sex Breakdown for Common Majors

69
Degrees Awarded to Men
in 2023
10
Degrees Awarded to Women
in 2023

In 2023, 69 degrees were awarded to men at Modern Welding School, which is 6.9 times more than the number of degrees awarded to females (10).

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

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Most Common Male Majors

In 2023, 69 degrees were awarded to men at Modern Welding School in Welding Technology, which is 6.9 times more than the 10 female recipients with that same degree.

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Most Common Female Majors

In 2023, 10 degrees were awarded to men at Modern Welding School in Welding Technology, which is 0.145 times less than the 69 male recipients with that same degree.

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Time to Complete

96%
100% Completion Time
96%
150% Completion Time

In 2023, 96% of students graduating from Modern Welding School completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 96% completed their degrees within 150% of the normal time, and 96% 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.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)
  1. White
    76 degrees awarded
  2. Black or African American
    2 degrees awarded
  3. Asian
    1 degrees awarded

The most common race/ethnicity at Modern Welding School is white (76 degrees awarded). There were 38 times more white recipients than the next closest race/ethnicity group, black or african american (2 degrees).

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

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Race & Ethnicity by Sex

Most Common Sex Demographic (2023)
  1. White Male
    66 degrees awarded
  2. White Female
    10 degrees awarded
  3. Black or African American Male
    2 degrees awarded

The most common race/ethnicity and sex grouping at Modern Welding School is white male (66 degrees awarded). There were 6.6 times more white male recipients than the next closest race/ethnicity group, white female (10 degrees).

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Operations

Salary Expenditure

$718k
2023 Salaries
8.72%
decline from 2022

In 2023, Modern Welding School paid a median of $718k in salaries, a 8.72% decline from the previous year. This is compared to a 1.65% growth between 2021 and 2022, and a 5.22% growth between 2020 and 2021.

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