Modern Beauty Academy

www.modernbeautyacademy.org/

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2021 Average Net Price

$11,914

After Financial Aid

2019 Student Loan

7.41%

Default Rate

2021 Enrolled Students

34.6% Full-Time

About

Modern Beauty Academy is a higher education institution located in Ventura County, CA. In 2021, the most popular 1 to 2 Year Postsecondary Certificate concentrations at Modern Beauty Academy were General Cosmetology (5 degrees awarded) and Barbering (4 degrees).

In 2021, 19 degrees were awarded across all undergraduate and graduate programs at Modern Beauty Academy. 73.7% of these degrees were awarded to women, and 26.3% awarded men. The most common race/ethnicity group of degree recipients was hispanic or latino (12 degrees), 12 times more than then the next closest race/ethnicity group, black or african american (1 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 $11,914.

In 2021, 40% of undergraduate students attending Modern Beauty Academy received financial aid through grants. Comparatively, 33% of undergraduate students received financial aid through loans.

Average Net Price

$11,914

2021 Value

21.6%

1 Year Growth

In 2021 Modern Beauty Academy had an average net price — the price paid after factoring in grants and loans — of $11,914. Between 2020 and 2021, the average net price of Modern Beauty Academy grew by 21.6%.

This chart compares the average net price of Modern 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.

Financial Aid by Income Level

40%

Undergraduates Receiving Financial Aid through Grants

33%

Undergraduates Receiving Financial Aid through Loans

40% of undergraduate students at Modern Beauty Academy received financial aid through grants or loans in 2021. This represents a growth of 14.3% with respect to 2020, when 35% of undergraduate students received financial aid.

This chart compares the average award discount at Modern 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.

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.

7.41%

2019 Default Rate

Number of Defaults

In 2019 the default rate for borrower's at Modern Beauty Academy was 7.41%, which represents 4 out of the 54 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

Modern Beauty Academy had a total enrollment of 81 students in 2021. The full-time enrollment at Modern Beauty Academy is 28 students and the part-time enrollment is 53. This means that 34.6% of students enrolled at Modern Beauty Academy are enrolled full-time.

The enrolled student population at Modern Beauty Academy, both undergraduate and graduate, is 87.7% Hispanic or Latino, 3.7% Asian, 3.7% Black or African American, and 1.23% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Modern Beauty Academy in full-time Undergraduate programs are most commonly Hispanic or Latino Female (53.6%), followed by Hispanic or Latino Male (28.6%) and Asian Male (3.57%).

Full-Time vs Part-Time Enrollment

34.6%

Full-Time Enrollment

The total enrollment at Modern Beauty Academy in 2021, both undergraduate and graduate, is 81 students. The full-time enrollment at Modern Beauty Academy is 28 and the part-time enrollment is 53.

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

Retention Rate over Time

100%

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 Beauty Academy was 100%. Compared with the full-time retention rate at similar (77%), Modern Beauty Academy had a retention rate higher than its peers.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2021)

Hispanic or Latino
71 enrolled students
Asian
3 enrolled students
Black or African American
3 enrolled students

The enrolled student population at Modern Beauty Academy is 87.7% Hispanic or Latino, 3.7% Asian, 3.7% Black or African American, and 1.23% Native Hawaiian or Other Pacific Islanders. 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.

Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 0 students (0%) did not report their race.

Graduates

In 2021, 9 more women than men received degrees from Modern Beauty Academy. The most common race/ethnicity group of degree recipients at Modern Beauty Academy is hispanic or latino (12 degrees awarded). There were 12 times more hispanic or latino recipients than the next closest race/ethnicity group, black or african american (1 degrees).

The most common 1 to 2 Year Postsecondary Certificate concentration at Modern Beauty Academy is General Cosmetology (5 degrees awarded), followed by Barbering (4 degrees).

In 2021, the most specialized majors across all degree types at Modern Beauty Academy, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Personal & Culinary Services (19 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 Modern Beauty Academy are Chefs & head cooks (8,549 people), Cooks (3,412 people), Morticians, undertakers, & funeral directors (2,945 people), Food service managers (2,679 people), and Firstline supervisors of food preparation & serving workers (1,125 people).

The most specialized majors at Modern Beauty Academy in 2021 are Personal & Culinary Services (19 degrees awarded) (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 Beauty Academy are Chief executives & legislators, Lawyers, & judges, magistrates, & other judicial workers, Industrial production managers, Management analysts, and Education administrators

The most specialized majors at Modern Beauty Academy are Personal & Culinary Services (19 degrees awarded) (as of 2021).

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 Modern Beauty Academy are Restaurants & Food Services (13,061 people), Funeral homes, & cemeteries & crematories (3,181 people), Traveler accommodation (1,866 people), Elementary & secondary schools (1,721 people), and Construction (1,402 people).

The most specialized majors at Modern Beauty Academy are Personal & Culinary Services (19 degrees awarded) (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 Beauty Academy.

Most Common (2021)

General Cosmetology
5 degree-majors awarded
Barbering
4 degree-majors awarded

In 2021, the most common 1 to 2 year postsecondary certificate concentration at Modern Beauty Academy 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 Modern Beauty Academy according to their major.

Sex Breakdown for Common Majors

Degrees Awarded to Men

in 2021

Degrees Awarded to Women

in 2021

In 2021, 5 degrees were awarded to men at Modern Beauty Academy, which is 0.357 times less than the number of degrees awarded to females (14).

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

Most Common Male Majors

In 2021, 4 degrees were awarded to men at Modern Beauty Academy in Barbering, which is 4 times more than the 1 female recipients with that same degree.

Most Common Female Majors

In 2021, 8 degrees were awarded to men at Modern Beauty Academy in Nail Specialist & Manicurist, which is 8 times more than the 1 male recipients with that same degree.

Time to Complete

27%

100% Completion Time

67%

150% Completion Time

In 2021, 27% of students graduating from Modern Beauty Academy completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 67% completed their degrees within 150% of the normal time, and 67% 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

Most Common Student Race or Ethnicity (2021)

Hispanic or Latino
12 degrees awarded
Black or African American
1 degrees awarded

The most common race/ethnicity at Modern Beauty Academy is hispanic or latino (12 degrees awarded). There were 12 times more hispanic or latino recipients than the next closest race/ethnicity group, black or african american (1 degrees).

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

Race & Ethnicity by Sex

Most Common Sex Demographic (2021)

Hispanic or Latino Female
10 degrees awarded
Hispanic or Latino Male
2 degrees awarded
Black or African American Male
1 degrees awarded

The most common race/ethnicity and sex grouping at Modern Beauty Academy is hispanic or latino female (10 degrees awarded). There were 5 times more hispanic or latino female recipients than the next closest race/ethnicity group, hispanic or latino male (2 degrees).