New Beginnings Beauty Academy

nbbacosmetology.com

Add Comparison
2023 Average Net Price
$19,101
After Financial Aid
2020 Default Rate
2.38%
on Student Loans
2023 Enrolled Students
25
100% Full-Time

About

New Beginnings Beauty Academy is a higher education institution located in Jefferson County, AR. In 2023, the most popular 1 to 2 Year Postsecondary Certificate concentrations at New Beginnings Beauty Academy were General Cosmetology (31 degrees awarded).

In 2023, 31 degrees were awarded across all undergraduate and graduate programs at New Beginnings Beauty Academy. 93.5% of these degrees were awarded to women, and 6.45% awarded men. The most common race/ethnicity group of degree recipients was black or african american (31 degrees).

In 2020 the default rate for borrower's at New Beginnings Beauty Academy was 2.38%, corresponding to 1 out of the 42 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 $19,101.

In 2023, 100% of undergraduate students attending New Beginnings Beauty Academy received financial aid through grants. Comparatively, 100% of undergraduate students received financial aid through loans.

Average Net Price

$19,101
2023 Value
8.06%
1 Year Growth

In 2023 New Beginnings Beauty Academy had an average net price — the price paid after factoring in grants and loans — of $19,101. Between 2022 and 2023, the average net price of New Beginnings Beauty Academy grew by 8.06%.

This chart compares the average net price of New Beginnings 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.

View Data
Save Image

Financial Aid by Income Level

100%
Undergraduates Receiving Financial Aid through Grants
100%
Undergraduates Receiving Financial Aid through Loans

100% of undergraduate students at New Beginnings Beauty Academy received financial aid through grants or loans in 2023. This represents a growth of 35.1% with respect to 2022, when 74% of undergraduate students received financial aid.

This chart compares the average award discount at New Beginnings 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.

View Data
Save Image

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.
2.38%
2020 Default Rate
1
Number of Defaults

In 2020 the default rate for borrower's at New Beginnings Beauty Academy was 2.38%, which represents 1 out of the 42 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.

View Data
Save Image

Enrollment

New Beginnings Beauty Academy had a total enrollment of 25 students in 2023. The full-time enrollment at New Beginnings Beauty Academy is 25 students and the part-time enrollment is 0. This means that 100% of students enrolled at New Beginnings Beauty Academy are enrolled full-time.

The enrolled student population at New Beginnings Beauty Academy, both undergraduate and graduate, is 92% Black or African American and 8% White.

Students enrolled at New Beginnings Beauty Academy in full-time Undergraduate programs are most commonly Black or African American Female (92.9%), followed by White Female (7.14%).

Full-Time vs Part-Time Enrollment

100%
Full-Time Enrollment

The total enrollment at New Beginnings Beauty Academy in 2023, both undergraduate and graduate, is 25 students. The full-time enrollment at New Beginnings Beauty Academy is 25 and the part-time enrollment is 0.

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

View Data
Save Image

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 New Beginnings Beauty Academy was 100%.

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

View Data
Save Image

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)
  1. Black or African American
    23 enrolled students
  2. White
    2 enrolled students

The enrolled student population at New Beginnings Beauty Academy is 92% Black or African American and 8% White. This includes both full-time and part-time students as well as graduate and undergraduates.

View Data
Save Image

Graduates

In 2023, 27 more women than men received degrees from New Beginnings Beauty Academy. The most common race/ethnicity group of degree recipients at New Beginnings Beauty Academy is black or african american (31 degrees awarded).

The most common 1 to 2 Year Postsecondary Certificate concentration at New Beginnings Beauty Academy is General Cosmetology (31 degrees awarded).

In 2023,  the most specialized majors across all degree types at New Beginnings Beauty Academy, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Personal & Culinary Services (31 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 New Beginnings 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 New Beginnings Beauty Academy in 2023 are Personal & Culinary Services (31 degrees awarded) (as of 2023).

View Data
Save Image
Add Data to Cart

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

The most specialized majors at New Beginnings Beauty Academy are Personal & Culinary Services (31 degrees awarded) (as of 2023).

View Data
Save Image
Add Data to Cart

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 New Beginnings 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 New Beginnings Beauty Academy are Personal & Culinary Services (31 degrees awarded) (as of 2023).

View Data
Save Image
Add Data to Cart

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by New Beginnings Beauty Academy.
General Cosmetology
Most Common (2023)
31 degrees awarded

In 2023, the most common 1 to 2 year postsecondary certificate concentration at New Beginnings Beauty Academy was General Cosmetology with 31 degrees awarded.

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

View Data
Save Image
Add Data to Cart

Sex Breakdown for Common Majors

2
Degrees Awarded to Men
in 2023
29
Degrees Awarded to Women
in 2023

In 2023, 2 degrees were awarded to men at New Beginnings Beauty Academy, which is 0.069 times less than the number of degrees awarded to females (29).

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

View Data
Save Image
Add Data to Cart

Most Common Male Majors

In 2023, 2 degrees were awarded to men at New Beginnings Beauty Academy in General Cosmetology, which is 0.069 times less than the 29 female recipients with that same degree.

View Data
Save Image
Add Data to Cart

Most Common Female Majors

In 2023, 29 degrees were awarded to men at New Beginnings Beauty Academy in General Cosmetology, which is 14.5 times more than the 2 male recipients with that same degree.

View Data
Save Image
Add Data to Cart

Time to Complete

9%
100% Completion Time
9%
150% Completion Time

In 2023, 9% of students graduating from New Beginnings Beauty Academy completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 9% completed their degrees within 150% of the normal time, and 9% 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.

View Data
Save Image

Race & Ethnicity by Share

Black or African American
Most Common Student Race or Ethnicity (2023)
31 degrees awarded

The most common race/ethnicity at New Beginnings Beauty Academy is black or african american (31 degrees awarded).

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

View Data
Save Image
Add Data to Cart

Race & Ethnicity by Sex

Most Common Sex Demographic (2023)
  1. Black or African American Female
    29 degrees awarded
  2. Black or African American Male
    2 degrees awarded

The most common race/ethnicity and sex grouping at New Beginnings Beauty Academy is black or african american female (29 degrees awarded). There were 14.5 times more black or african american female recipients than the next closest race/ethnicity group, black or african american male (2 degrees).

View Data
Save Image
Add Data to Cart

Operations

Salary Expenditure

$75k
2023 Salaries
27.1%
growth from 2022

In 2023, New Beginnings Beauty Academy paid a median of $75k in salaries, a 27.1% growth from the previous year. This is compared to a 18% growth between 2021 and 2022, and a 56.3% growth between 2020 and 2021.

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

View Data
Save Image