New Beginning College of Cosmetology

www.nbccosmetology.com/

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2020 Average Net Price

$12,385

After Financial Aid

2018 Student Loan

9.09%

Default Rate

2020 Enrolled Students

100% Full-Time

About

New Beginning College of Cosmetology is a higher education institution located in Marshall County, AL. In N/A, the most popular Bachelor's Degree concentrations at New Beginning College of Cosmetology were N/A.

In 2020, 43 degrees were awarded across all undergraduate and graduate programs at New Beginning College of Cosmetology. 100% of these degrees were awarded to women, and 0% awarded men. The most common race/ethnicity group of degree recipients was white (32 degrees), 2.91 times more than then the next closest race/ethnicity group, hispanic or latino (11 degrees).

The median undergraduate tuition at New Beginning College of Cosmetology is $0, which is $−11,562 less than the national average for ($11,563).

Costs

The median undergraduate tuition at New Beginning College of Cosmetology is $0, which is $−11,562 less than the national average for ($11,563).

After taking grants and loans into account, the average net price for students is $12,385.

In 2020, 91% of undergraduate students attending New Beginning College of Cosmetology received financial aid through grants. Comparatively, 81% of undergraduate students received financial aid through loans.

Average Net Price

$12,385

2020 Value

2.33%

1 Year Growth

In 2020 New Beginning College of Cosmetology had an average net price — the price paid after factoring in grants and loans — of $12,385. Between 2019 and 2020, the average net price of New Beginning College of Cosmetology grew by 2.33%.

This chart compares the average net price of New Beginning College of Cosmetology (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

91%

Undergraduates Receiving Financial Aid through Grants

81%

Undergraduates Receiving Financial Aid through Loans

91% of undergraduate students at New Beginning College of Cosmetology received financial aid through grants or loans in 2020. This represents a decline of 4.21% with respect to 2019, when 95% of undergraduate students received financial aid.

This chart compares the average award discount at New Beginning College of Cosmetology (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.

9.09%

2018 Default Rate

Number of Defaults

In 2018 the default rate for borrower's at New Beginning College of Cosmetology was 9.09%, which represents 5 out of the 55 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 Beginning College of Cosmetology has a total enrollment of 86 students. The full-time enrollment at New Beginning College of Cosmetology is 86 students and the part-time enrollment is 0. This means that 100% of students enrolled at New Beginning College of Cosmetology are enrolled full-time.

The enrolled student population at New Beginning College of Cosmetology, both undergraduate and graduate, is 89.5% White, 9.3% Hispanic or Latino, 1.16% Black or African American, 0% Asian, 0% Native Hawaiian or Other Pacific Islanders, 0% Two or More Races, and 0% American Indian or Alaska Native.

Students enrolled at New Beginning College of Cosmetology in full-time Undergraduate programs are most commonly White Female (88.4%), followed by Hispanic or Latino Female (9.3%) and Black or African American Female (1.16%). Students enrolled in full-time Graduate programs are most commonly N/A, followed by N/A and N/A.

Full-Time vs Part-Time Enrollment

100%

Full-Time Enrollment

The total enrollment at New Beginning College of Cosmetology, both undergraduate and graduate, is 86 students. The full-time enrollment at New Beginning College of Cosmetology is 86 and the part-time enrollment is 0. This means that 100% of students enrolled at New Beginning College of Cosmetology are enrolled full-time compared with 66.2% at similar .

This chart shows the full-time vs part-time enrollment status at New Beginning College of Cosmetology (in red) compares to similar universities.

Retention Rate over Time

78%

2020 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 Beginning College of Cosmetology was 78%. Compared with the full-time retention rate at similar (78%), New Beginning College of Cosmetology had a retention rate approximately the same as its peers.

This chart shows the retention rate over time at New Beginning College of Cosmetology (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity

White
77
Hispanic or Latino
8
Black or African American
1

The enrolled student population at New Beginning College of Cosmetology is 89.5% White, 9.3% Hispanic or Latino, 1.16% Black or African American, 0% Asian, 0% Native Hawaiian or Other Pacific Islanders, 0% Two or More Races, and 0% American Indian or Alaska Native. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all is 37.7% White, 24.8% Hispanic or Latino, and 18.6% Black or African American.

Graduates

In 2020, 43 more women than men received degrees from New Beginning College of Cosmetology. The most common race/ethnicity group of degree recipients at New Beginning College of Cosmetology is white (32 degrees awarded). There were 2.91 times more white graduates than the next closest race/ethnicity group, hispanic or latino (11 degrees).

The most common Bachelor's Degree concentration at New Beginning College of Cosmetology is N/A, followed by N/A and N/A.

The most specialized majors across all degree types at New Beginning College of Cosmetology, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Personal & Culinary Services (43 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 Beginning College of Cosmetology are Chefs & head cooks (8,884 people), Cooks (3,761 people), Morticians, undertakers, & funeral directors (3,144 people), Food service managers (2,922 people), and Firstline supervisors of food preparation & serving workers (1,320 people).

The most specialized majors at New Beginning College of Cosmetology are Personal & Culinary Services (43 degrees awarded).

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 Beginning College of Cosmetology are Chief executives & legislators, Financial managers, Lawyers, & judges, magistrates, & other judicial workers, Industrial production managers, and Police officers

The most specialized majors at New Beginning College of Cosmetology are Personal & Culinary Services (43 degrees awarded).

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 Beginning College of Cosmetology are Restaurants & Food Services (13,987 people), Funeral homes, & cemeteries & crematories (3,456 people), Traveler accommodation (1,975 people), Elementary & secondary schools (1,675 people), and General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (1,328 people).

The most specialized majors at New Beginning College of Cosmetology are Personal & Culinary Services (43 degrees awarded).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by New Beginning College of Cosmetology.

Most Common

N/A
N/A degree-majorss awarded
N/A
N/A degree-majorss awarded
N/A
N/A degree-majorss awarded

In false, the most common bachelors degree concentration at New Beginning College of Cosmetology was N/A with N/A degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from bachelors degree programs at New Beginning College of Cosmetology according to their major.

Sex Breakdown for Common Majors

Degrees Awarded to Men

in 2020

Degrees Awarded to Women

in 2020

In 2020, 0 degrees were awarded to men at New Beginning College of Cosmetology, which is 0 times less than the number of degrees awarded to females (43).

This chart displays the sex disparity between the top 5 majors at New Beginning College of Cosmetology by degrees awarded.

Most Common Male Majors

In false, 0 degrees were awarded to men at New Beginning College of Cosmetology in General Cosmetology, which is 0 times less than the 40 female recipients with that same degree.

Most Common Female Majors

In false, 40 degrees were awarded to women at New Beginning College of Cosmetology in General Cosmetology, which is NaNy times more than the 0 male recipients with that same degree.

Time to Complete

38%

100% Completion Time

79%

150% Completion Time

In 2020, 38% of students graduating from New Beginning College of Cosmetology completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 79% completed their degrees within 150% of the normal time, and 79% 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.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

N/A

Highest Graduation Rate (N/A%)

The student demographic with the highest graduation rate at New Beginning College of Cosmetology is N/A and N/A (N/A% graduation rate). Across all , Asian Female students have the highest graduation rate (72.4%).

The department of education defines graduation rate as the percentage of full-time, first-time students who received a degree or award within 150% of "normal time" to completion.

The National Center for Education Statistics (NCES) categorizes any student who is studying in the United States on a temporary basis as a "Non-Resident Alien", and the graduation rate of those students is shown in the chart below. Additionally, N/A% of graduates (N/A students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity

White
32 degrees awarded
Hispanic or Latino
11 degrees awarded
Asian
0 degrees awarded

The most common race/ethnicity at New Beginning College of Cosmetology is white (32 degrees awarded). There were 2.91 times more white recipients than the next closest race/ethnicity group, hispanic or latino (11 degrees).

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

Race & Ethnicity by Sex

Most Common Sex Demographic

White Female
32 degrees awarded
Hispanic or Latino Female
11 degrees awarded
Asian Male
0 degrees awarded

The most common race/ethnicity and sex grouping at New Beginning College of Cosmetology is white female (32 degrees awarded). There were 2.91 times more white female recipients than the next closest race/ethnicity group, hispanic or latino female (11 degrees).

Operations

New Beginning College of Cosmetology has an endowment valued at nearly $N/A, as of the end of the 2020 fiscal year. The return on its endowment was of $0 (NaNN%), compared to the 0.165% average return ($13.7k on $8.3M) across all .

In 2020, New Beginning College of Cosmetology had a total salary expenditure of $N/A. New Beginning College of Cosmetology employs 0 N/A, 0 N/A, and 0 N/A. Most academics at New Beginning College of Cosmetology are N/A (0), N/A(0), and N/A (0).

The most common positions for non-instructional staff at New Beginning College of Cosmetology are: N/A, with N/A employees, N/A, with N/A employees, and N/A with N/A employees.

Endowment

growth from 2019

This line chart shows how the endowment at New Beginning College of Cosmetology (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Not applicable, not in Carnegie universe (not accredited or nondegree-granting) Carnegie Classification grouping.

Government Grants and Contracts

Grants & Contracts

$0 - Federal
$0 - State
$0 - Local

As of 2020, New Beginning College of Cosmetology received $0 in grants and contracts from the federal government, $0 from state grants and contracts, and $0 from local grants and contracts.

Salary Expenditure

$506k

2020 Salaries

75%

growth from 2019

In 2020, New Beginning College of Cosmetology paid a median of $506k in salaries, which represents NaNk% of their overall expenditure ($N/A) and a 75% growth from the previous year. This is compared to a 9.93% decline from 2018 and a 20.1% decline from 2017.

The median for similar is 594k (12.7% of overall expenditures).

Instructional Salaries

$N/A

Instructional Salaries

Number of Employees

In N/A, New Beginning College of Cosmetology paid a total of $N/A to 0 employees working as instructors, which represents N/A% of all salaries paid.

This is compared to a median of $333k (56%) for similar Unknown.

Occupations by Share

false

Most Common Instructor

false Employees

N/A

Most Common Non-Instructional Employee

N/A Employees

In false, the most common positions for instructional staff at New Beginning College of Cosmetology were false with 0 employees; false with 0 employees; and false with 0 employees.

In false, the most common positions for non-instructional staff at New Beginning College of Cosmetology were N/A with N/A employees; N/A with N/A employees; and N/A with N/A employees.