New Beginnings Beauty Academy

nbbacosmetology.com/

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2021 Average Net Price

$17,750

After Financial Aid

2019 Student Loan

18%

Default Rate

2021 Enrolled Students

100% Full-Time

About

New Beginnings Beauty Academy is a higher education institution located in Jefferson County, AR. In 2021, the most popular 1 to 2 Year Postsecondary Certificate concentrations at New Beginnings Beauty Academy were General Cosmetology (28 degrees awarded).

In 2021, 28 degrees were awarded across all undergraduate and graduate programs at New Beginnings Beauty Academy. 96.4% of these degrees were awarded to women, and 3.57% awarded men. The most common race/ethnicity group of degree recipients was black or african american (28 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 $17,750.

In 2021, 93% of undergraduate students attending New Beginnings Beauty Academy received financial aid through grants. Comparatively, 93% of undergraduate students received financial aid through loans.

Average Net Price

$17,750

2021 Value

5.95%

1 Year Growth

In 2021 New Beginnings Beauty Academy had an average net price — the price paid after factoring in grants and loans — of $17,750. Between 2020 and 2021, the average net price of New Beginnings Beauty Academy grew by 5.95%.

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.

Financial Aid by Income Level

93%

Undergraduates Receiving Financial Aid through Grants

93%

Undergraduates Receiving Financial Aid through Loans

93% of undergraduate students at New Beginnings Beauty Academy received financial aid through grants or loans in 2021. This represents a growth of 116% with respect to 2020, when 43% 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.

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.

18%

2019 Default Rate

Number of Defaults

In 2019 the default rate for borrower's at New Beginnings Beauty Academy was 18%, which represents 9 out of the 50 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

New Beginnings Beauty Academy had a total enrollment of 40 students in 2021. The full-time enrollment at New Beginnings Beauty Academy is 40 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 92.5% Black or African American and 7.5% White.

Students enrolled at New Beginnings Beauty Academy in full-time Undergraduate programs are most commonly Black or African American Female (92.5%), followed by White Female (7.5%).

Full-Time vs Part-Time Enrollment

100%

Full-Time Enrollment

The total enrollment at New Beginnings Beauty Academy in 2021, both undergraduate and graduate, is 40 students. The full-time enrollment at New Beginnings Beauty Academy is 40 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.

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

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2021)

Black or African American
37 enrolled students
White
3 enrolled students

The enrolled student population at New Beginnings Beauty Academy is 92.5% Black or African American and 7.5% White. 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, 26 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 (28 degrees awarded).

The most common 1 to 2 Year Postsecondary Certificate concentration at New Beginnings Beauty Academy is General Cosmetology (28 degrees awarded).

In 2021, 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 (28 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 (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 New Beginnings Beauty Academy in 2021 are Personal & Culinary Services (28 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 New Beginnings 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 New Beginnings Beauty Academy are Personal & Culinary Services (28 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 New Beginnings 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 New Beginnings Beauty Academy are Personal & Culinary Services (28 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 New Beginnings Beauty Academy.

General Cosmetology

Most Common (2021)

28 degree-majors awarded

In 2021, the most common 1 to 2 year postsecondary certificate concentration at New Beginnings Beauty Academy was General Cosmetology with 28 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.

Sex Breakdown for Common Majors

Degrees Awarded to Men

in 2021

Degrees Awarded to Women

in 2021

In 2021, 1 degrees were awarded to men at New Beginnings Beauty Academy, which is 0.037 times less than the number of degrees awarded to females (27).

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

Most Common Male Majors

In 2021, 1 degrees were awarded to men at New Beginnings Beauty Academy in General Cosmetology, which is 0.037 times less than the 27 female recipients with that same degree.

Most Common Female Majors

In 2021, 27 degrees were awarded to men at New Beginnings Beauty Academy in General Cosmetology, which is 27 times more than the 1 male recipients with that same degree.

Time to Complete

25%

100% Completion Time

25%

150% Completion Time

In 2021, 25% 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, 25% completed their degrees within 150% of the normal time, and 25% 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 (2021)

28 degrees awarded

The most common race/ethnicity at New Beginnings Beauty Academy is black or african american (28 degrees awarded).

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

Race & Ethnicity by Sex

Most Common Sex Demographic (2021)

Black or African American Female
27 degrees awarded
Black or African American Male
1 degrees awarded

The most common race/ethnicity and sex grouping at New Beginnings Beauty Academy is black or african american female (27 degrees awarded). There were 27 times more black or african american female recipients than the next closest race/ethnicity group, black or african american male (1 degrees).