Modern Welding School

modernwelding.com

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2022 Average Net Price

$20,167

After Financial Aid

2020 Default Rate

on Student Loans

2022 Enrolled Students

74.2% Full-Time

About

Modern Welding School is a higher education institution located in Schenectady County, NY. In 2022, the most popular 1 to 2 Year Postsecondary Certificate concentrations at Modern Welding School were Welding Technology (73 degrees awarded).

In 2022, 94 degrees were awarded across all undergraduate and graduate programs at Modern Welding School. 7.45% of these degrees were awarded to women, and 92.6% awarded men. The most common race/ethnicity group of degree recipients was white (83 degrees), 9.22 times more than then the next closest race/ethnicity group, black or african american (9 degrees).

In 2020 the default rate for borrower's at Modern Welding School was 0%, corresponding to 0 out of the 77 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 $20,167.

In 2022, 72% of undergraduate students attending Modern Welding School received financial aid through grants. Comparatively, 57% of undergraduate students received financial aid through loans.

Average Net Price

$20,167

2022 Value

7.13%

1 Year Growth

In 2022 Modern Welding School had an average net price — the price paid after factoring in grants and loans — of $20,167. Between 2021 and 2022, the average net price of Modern Welding School grew by 7.13%.

This chart compares the average net price of Modern Welding School (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

72%

Undergraduates Receiving Financial Aid through Grants

57%

Undergraduates Receiving Financial Aid through Loans

72% of undergraduate students at Modern Welding School received financial aid through grants or loans in 2022. This represents a growth of 46.9% with respect to 2021, when 49% of undergraduate students received financial aid.

This chart compares the average award discount at Modern Welding School (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.

2020 Default Rate

Number of Defaults

In 2020 the default rate for borrower's at Modern Welding School was 0%, which represents 0 out of the 77 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 Welding School had a total enrollment of 66 students in 2022. The full-time enrollment at Modern Welding School is 49 students and the part-time enrollment is 17. This means that 74.2% of students enrolled at Modern Welding School are enrolled full-time.

The enrolled student population at Modern Welding School, both undergraduate and graduate, is 98.5% White and 1.52% Black or African American.

Students enrolled at Modern Welding School in full-time Undergraduate programs are most commonly White Male (89.8%), followed by White Female (8.16%) and Black or African American Male (2.04%).

Full-Time vs Part-Time Enrollment

74.2%

Full-Time Enrollment

The total enrollment at Modern Welding School in 2022, both undergraduate and graduate, is 66 students. The full-time enrollment at Modern Welding School is 49 and the part-time enrollment is 17.

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

Retention Rate over Time

93%

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 Modern Welding School was 93%.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2022)

White
65 enrolled students
Black or African American
1 enrolled students

The enrolled student population at Modern Welding School is 98.5% White and 1.52% Black or African American. This includes both full-time and part-time students as well as graduate and undergraduates.

Graduates

In 2022, 80 fewer women than men received degrees from Modern Welding School. The most common race/ethnicity group of degree recipients at Modern Welding School is white (83 degrees awarded). There were 9.22 times more white recipients than the next closest race/ethnicity group, black or african american (9 degrees).

The most common 1 to 2 Year Postsecondary Certificate concentration at Modern Welding School is Welding Technology (73 degrees awarded).

In 2022, the most specialized majors across all degree types at Modern Welding School, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Precision Production (94 degrees awarded).

Common Jobs by Major

Elementary & middle school teachers

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Modern Welding School are Elementary & middle school teachers (2,639,335 people), Other managers (2,238,430 people), Registered nurses (1,850,364 people), Software developers (1,446,628 people), and Accountants & auditors (1,374,574 people).

The most specialized majors at Modern Welding School in 2022 are Precision Production (94 degrees awarded) (as of 2022).

Highest Paying Jobs by Major

Surgeons

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Modern Welding School are Surgeons, Diagnostic medical sonographers, Podiatrists, Cardiovascular technologists and technicians, and Media and communication workers, all other

The most specialized majors at Modern Welding School are Precision Production (94 degrees awarded) (as of 2022).

Common Industries by Major

Elementary & secondary schools

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Modern Welding School are Elementary & secondary schools (5,586,329 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (3,275,256 people), Colleges, universities & professional schools, including junior colleges (2,452,532 people), Computer Systems Design (2,343,824 people), and Construction (1,303,670 people).

The most specialized majors at Modern Welding School are Precision Production (94 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 Modern Welding School.

Welding Technology

Most Common (2022)

73 degrees awarded

In 2022, the most common 1 to 2 year postsecondary certificate concentration at Modern Welding School was Welding Technology with 73 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from 1 to 2 year postsecondary certificate programs at Modern Welding School according to their major.

Sex Breakdown for Common Majors

Degrees Awarded to Men

in 2022

Degrees Awarded to Women

in 2022

In 2022, 87 degrees were awarded to men at Modern Welding School, which is 12.4 times more than the number of degrees awarded to females (7).

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

Most Common Male Majors

In 2022, 87 degrees were awarded to men at Modern Welding School in Welding Technology, which is 12.4 times more than the 7 female recipients with that same degree.

Most Common Female Majors

In 2022, 7 degrees were awarded to men at Modern Welding School in Welding Technology, which is 0.0805 times less than the 87 male recipients with that same degree.

Time to Complete

96%

100% Completion Time

98%

150% Completion Time

In 2022, 96% of students graduating from Modern Welding School completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 98% completed their degrees within 150% of the normal time, and 98% 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
83 degrees awarded
Black or African American
9 degrees awarded
Two or More Races
1 degrees awarded

The most common race/ethnicity at Modern Welding School is white (83 degrees awarded). There were 9.22 times more white recipients than the next closest race/ethnicity group, black or african american (9 degrees).

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

Race & Ethnicity by Sex

Most Common Sex Demographic (2022)

White Male
77 degrees awarded
Black or African American Male
9 degrees awarded
White Female
6 degrees awarded

The most common race/ethnicity and sex grouping at Modern Welding School is white male (77 degrees awarded). There were 8.56 times more white male recipients than the next closest race/ethnicity group, black or african american male (9 degrees).

Operations

Salary Expenditure

$787k

2022 Salaries

1.65%

growth from 2021

In 2022, Modern Welding School paid a median of $787k in salaries, a 1.65% growth from the previous year. This is compared to a 5.22% growth between 2020 and 2021, and a 16.3% decline between 2019 and 2020.

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

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