Kor Beauty Academy

korbeautyacademy.org

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2022 Average Net Price

$11,159

After Financial Aid

2020 Default Rate

4.88%

on Student Loans

2022 Enrolled Students

42% Full-Time

About

Kor Beauty Academy is a higher education institution located in Maricopa County, AZ. In 2022, the most popular 1 to 2 Year Postsecondary Certificate concentrations at Kor Beauty Academy were General Cosmetology (20 degrees awarded).

In 2022, 20 degrees were awarded across all undergraduate and graduate programs at Kor Beauty Academy. 95% of these degrees were awarded to women, and 5% awarded men. The most common race/ethnicity group of degree recipients was white (8 degrees), 1.33 times more than then the next closest race/ethnicity group, black or african american (6 degrees).

In 2020 the default rate for borrower's at Kor Beauty Academy was 4.88%, corresponding to 2 out of the 41 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 $11,159.

In 2022, 68% of undergraduate students attending Kor Beauty Academy received financial aid through grants. Comparatively, 82% of undergraduate students received financial aid through loans.

Average Net Price

$11,159

2022 Value

4.57%

1 Year Growth

In 2022 Kor Beauty Academy had an average net price — the price paid after factoring in grants and loans — of $11,159. Between 2021 and 2022, the average net price of Kor Beauty Academy grew by 4.57%.

This chart compares the average net price of Kor 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

68%

Undergraduates Receiving Financial Aid through Grants

82%

Undergraduates Receiving Financial Aid through Loans

68% of undergraduate students at Kor Beauty Academy received financial aid through grants or loans in 2022. This represents a decline of 9.33% with respect to 2021, when 75% of undergraduate students received financial aid.

This chart compares the average award discount at Kor 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.

4.88%

2020 Default Rate

Number of Defaults

In 2020 the default rate for borrower's at Kor Beauty Academy was 4.88%, which represents 2 out of the 41 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

Kor Beauty Academy had a total enrollment of 50 students in 2022. The full-time enrollment at Kor Beauty Academy is 21 students and the part-time enrollment is 29. This means that 42% of students enrolled at Kor Beauty Academy are enrolled full-time.

The enrolled student population at Kor Beauty Academy, both undergraduate and graduate, is 48% Hispanic or Latino, 40% White, 6% Black or African American, and 2% Two or More Races.

Students enrolled at Kor Beauty Academy in full-time Undergraduate programs are most commonly White Female (33.3%), followed by Hispanic or Latino Female (23.8%) and Black or African American Female (14.3%).

Full-Time vs Part-Time Enrollment

42%

Full-Time Enrollment

The total enrollment at Kor Beauty Academy in 2022, both undergraduate and graduate, is 50 students. The full-time enrollment at Kor Beauty Academy is 21 and the part-time enrollment is 29.

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

Retention Rate over Time

88%

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 Kor Beauty Academy was 88%.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2022)

Hispanic or Latino
24 enrolled students
White
20 enrolled students
Black or African American
3 enrolled students

The enrolled student population at Kor Beauty Academy is 48% Hispanic or Latino, 40% White, 6% Black or African American, and 2% Two or More Races. This includes both full-time and part-time students as well as graduate and undergraduates.

Graduates

In 2022, 18 more women than men received degrees from Kor Beauty Academy. The most common race/ethnicity group of degree recipients at Kor Beauty Academy is white (8 degrees awarded). There were 1.33 times more white recipients than the next closest race/ethnicity group, black or african american (6 degrees).

The most common 1 to 2 Year Postsecondary Certificate concentration at Kor Beauty Academy is General Cosmetology (20 degrees awarded).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Kor Beauty Academy.

General Cosmetology

Most Common (2022)

20 degrees awarded

In 2022, the most common 1 to 2 year postsecondary certificate concentration at Kor Beauty Academy was General Cosmetology with 20 degrees awarded.

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

Sex Breakdown for Common Majors

Degrees Awarded to Men

in 2022

Degrees Awarded to Women

in 2022

In 2022, 1 degrees were awarded to men at Kor Beauty Academy, which is 0.0526 times less than the number of degrees awarded to females (19).

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

Most Common Male Majors

In 2022, 1 degrees were awarded to men at Kor Beauty Academy in General Cosmetology, which is 0.0526 times less than the 19 female recipients with that same degree.

Most Common Female Majors

In 2022, 19 degrees were awarded to men at Kor Beauty Academy in General Cosmetology, which is 19 times more than the 1 male recipients with that same degree.

Time to Complete

100%

100% Completion Time

100%

150% Completion Time

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

White
8 degrees awarded
Black or African American
6 degrees awarded
Hispanic or Latino
3 degrees awarded

The most common race/ethnicity at Kor Beauty Academy is white (8 degrees awarded). There were 1.33 times more white recipients than the next closest race/ethnicity group, black or african american (6 degrees).

10% of degree recipients (2 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2022)

White Female
8 degrees awarded
Black or African American Female
5 degrees awarded
Hispanic or Latino Female
3 degrees awarded

The most common race/ethnicity and sex grouping at Kor Beauty Academy is white female (8 degrees awarded). There were 1.6 times more white female recipients than the next closest race/ethnicity group, black or african american female (5 degrees).

Operations

Salary Expenditure

$127k

2022 Salaries

growth from 2021

In 2022, Kor Beauty Academy paid a median of $127k in salaries, a 0% growth from the previous year. This is compared to a 375% growth between 2020 and 2021, and a 57.5% decline between 2019 and 2020.

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

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