Velvatex College of Beauty Culture

www.velvatexcollege.com

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2022 Average Net Price

$5,970

After Financial Aid

2020 Default Rate

8.7%

on Student Loans

2022 Enrolled Students

50% Full-Time

About

Velvatex College of Beauty Culture is a higher education institution located in Pulaski County, AR. In 2022, the most popular 1 to 2 Year Postsecondary Certificate concentrations at Velvatex College of Beauty Culture were General Cosmetology (5 degrees awarded).

In 2021, 3 degrees were awarded across all undergraduate and graduate programs at Velvatex College of Beauty Culture. 100% of these degrees were awarded to women, and 0% awarded men. The most common race/ethnicity group of degree recipients was black or african american (6 degrees).

In 2020 the default rate for borrower's at Velvatex College of Beauty Culture was 8.7%, corresponding to 4 out of the 46 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 $5,970.

In 2022, 86% of undergraduate students attending Velvatex College of Beauty Culture received financial aid through grants. Comparatively, 57% of undergraduate students received financial aid through loans.

Average Net Price

$5,970

2022 Value

47.1%

1 Year Growth

In 2022 Velvatex College of Beauty Culture had an average net price — the price paid after factoring in grants and loans — of $5,970. Between 2021 and 2022, the average net price of Velvatex College of Beauty Culture grew by 47.1%.

This chart compares the average net price of Velvatex College of Beauty Culture (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

86%

Undergraduates Receiving Financial Aid through Grants

57%

Undergraduates Receiving Financial Aid through Loans

86% of undergraduate students at Velvatex College of Beauty Culture received financial aid through grants or loans in 2022. This represents a growth of 21.1% with respect to 2021, when 71% of undergraduate students received financial aid.

This chart compares the average award discount at Velvatex College of Beauty Culture (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.

8.7%

2020 Default Rate

Number of Defaults

In 2020 the default rate for borrower's at Velvatex College of Beauty Culture was 8.7%, which represents 4 out of the 46 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

Velvatex College of Beauty Culture had a total enrollment of 14 students in 2022. The full-time enrollment at Velvatex College of Beauty Culture is 7 students and the part-time enrollment is 7. This means that 50% of students enrolled at Velvatex College of Beauty Culture are enrolled full-time.

The enrolled student population at Velvatex College of Beauty Culture, both undergraduate and graduate, is 100% Black or African American.

Students enrolled at Velvatex College of Beauty Culture in full-time Undergraduate programs are most commonly Black or African American Female (100%).

Full-Time vs Part-Time Enrollment

50%

Full-Time Enrollment

The total enrollment at Velvatex College of Beauty Culture in 2022, both undergraduate and graduate, is 14 students. The full-time enrollment at Velvatex College of Beauty Culture is 7 and the part-time enrollment is 7.

This chart shows the full-time vs part-time enrollment status at Velvatex College of Beauty Culture (in red) compares to similar universities.

Retention Rate over Time

86%

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 Velvatex College of Beauty Culture was 86%.

This chart shows the retention rate over time at Velvatex College of Beauty Culture (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Black or African American

Most Common Race or Ethnicity (2022)

14 enrolled students

The enrolled student population at Velvatex College of Beauty Culture is 100% Black or African American. This includes both full-time and part-time students as well as graduate and undergraduates.

Graduates

In 2021, 3 more women than men received degrees from Velvatex College of Beauty Culture. The most common race/ethnicity group of degree recipients at Velvatex College of Beauty Culture is black or african american (6 degrees awarded).

The most common 1 to 2 Year Postsecondary Certificate concentration at Velvatex College of Beauty Culture is General Cosmetology (5 degrees awarded).

In 2022, the most specialized majors across all degree types at Velvatex College of Beauty Culture, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Personal & Culinary Services (6 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 Velvatex College of Beauty Culture are Chefs & head cooks (8,521 people), Cooks (3,235 people), Morticians, undertakers, & funeral directors (2,785 people), Food service managers (2,333 people), and Firstline supervisors of food preparation & serving workers (1,142 people).

The most specialized majors at Velvatex College of Beauty Culture in 2022 are Personal & Culinary Services (6 degrees awarded) (as of 2022).

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 Velvatex College of Beauty Culture are Chief executives & legislators, Lawyers, & judges, magistrates, & other judicial workers, Lodging managers, Financial managers, and Management analysts

The most specialized majors at Velvatex College of Beauty Culture are Personal & Culinary Services (6 degrees awarded) (as of 2022).

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 Velvatex College of Beauty Culture 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 Velvatex College of Beauty Culture are Personal & Culinary Services (6 degrees awarded) (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 Velvatex College of Beauty Culture.

General Cosmetology

Most Common (2022)

5 degrees awarded

In 2022, the most common 1 to 2 year postsecondary certificate concentration at Velvatex College of Beauty Culture was General Cosmetology with 5 degrees awarded.

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

Sex Breakdown for Common Majors

Degrees Awarded to Men

in 2021

Degrees Awarded to Women

in 2021

In 2021, 0 degrees were awarded to men at Velvatex College of Beauty Culture, which is 0 times less than the number of degrees awarded to females (3).

This chart displays the sex disparity between the top 5 majors at Velvatex College of Beauty Culture by degrees awarded.

Most Common Female Majors

In 2022, 5 degrees were awarded to women at Velvatex College of Beauty Culture in General Cosmetology. There were no male recipients with the same degree.

Time to Complete

69%

100% Completion Time

88%

150% Completion Time

In 2022, 69% of students graduating from Velvatex College of Beauty Culture completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 88% completed their degrees within 150% of the normal time, and 88% 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

Black or African American

Most Common Student Race or Ethnicity (2022)

6 degrees awarded

The most common race/ethnicity at Velvatex College of Beauty Culture is black or african american (6 degrees awarded).

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

Race & Ethnicity by Sex

Black or African American Female

Most Common Sex Demographic (2022)

6 degrees awarded

The most common race/ethnicity and sex grouping at Velvatex College of Beauty Culture is black or african american female (6 degrees awarded).

Operations

Salary Expenditure

$40k

2022 Salaries

5.31%

growth from 2021

In 2022, Velvatex College of Beauty Culture paid a median of $40k in salaries, a 5.31% growth from the previous year. This is compared to a 13.9% growth between 2020 and 2021, and a 63.5% growth between 2019 and 2020.

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

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