Paramount Beauty Academy

www.paramountbeautyacademy.com

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2023 Average Net Price

$16,506

After Financial Aid

2020 Default Rate

3.85%

on Student Loans

2023 Enrolled Students

100% Full-Time

2019 Graduation Rate

63.4%

26 Graduates

About

Paramount Beauty Academy is a higher education institution located in Scioto County, OH. In 2023, the most popular 1 to 2 Year Postsecondary Certificate concentrations at Paramount Beauty Academy were General Cosmetology (11 degrees awarded) and Aesthetician & Skin Care Specialist (5 degrees).

In 2023, 36 degrees were awarded across all undergraduate and graduate programs at Paramount Beauty Academy. 91.7% of these degrees were awarded to women, and 8.33% awarded men. The most common race/ethnicity group of degree recipients was white (30 degrees), 10 times more than then the next closest race/ethnicity group, asian (3 degrees).

In 2020 the default rate for borrower's at Paramount Beauty Academy was 3.85%, corresponding to 3 out of the 78 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 $16,506.

In 2023, 58% of undergraduate students attending Paramount Beauty Academy received financial aid through grants. Comparatively, 72% of undergraduate students received financial aid through loans.

Average Net Price

$16,506

2023 Value

12.8%

1 Year Growth

In 2023 Paramount Beauty Academy had an average net price — the price paid after factoring in grants and loans — of $16,506. Between 2022 and 2023, the average net price of Paramount Beauty Academy grew by 12.8%.

This chart compares the average net price of Paramount 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

58%

Undergraduates Receiving Financial Aid through Grants

72%

Undergraduates Receiving Financial Aid through Loans

58% of undergraduate students at Paramount Beauty Academy received financial aid through grants or loans in 2023. This represents a growth of 11.5% with respect to 2022, when 52% of undergraduate students received financial aid.

This chart compares the average award discount at Paramount 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.

3.85%

2020 Default Rate

Number of Defaults

In 2020 the default rate for borrower's at Paramount Beauty Academy was 3.85%, which represents 3 out of the 78 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

Paramount Beauty Academy had a total enrollment of 53 students in 2023. The full-time enrollment at Paramount Beauty Academy is 53 students and the part-time enrollment is 0. This means that 100% of students enrolled at Paramount Beauty Academy are enrolled full-time.

The enrolled student population at Paramount Beauty Academy, both undergraduate and graduate, is 98.1% White and 1.89% Black or African American.

Students enrolled at Paramount Beauty Academy in full-time Undergraduate programs are most commonly White Female (90%), followed by White Male (5%) and Black or African American Female (4%).

Full-Time vs Part-Time Enrollment

100%

Full-Time Enrollment

The total enrollment at Paramount Beauty Academy in 2023, both undergraduate and graduate, is 53 students. The full-time enrollment at Paramount Beauty Academy is 53 and the part-time enrollment is 0.

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

Retention Rate over Time

85%

2023 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 Paramount Beauty Academy was 85%.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)

White
52 enrolled students
Black or African American
1 enrolled students

The enrolled student population at Paramount Beauty Academy is 98.1% White and 1.89% Black or African American. This includes both full-time and part-time students as well as graduate and undergraduates.

Graduates

In 2023, 30 more women than men received degrees from Paramount Beauty Academy. The most common race/ethnicity group of degree recipients at Paramount Beauty Academy is white (30 degrees awarded). There were 10 times more white recipients than the next closest race/ethnicity group, asian (3 degrees).

The most common 1 to 2 Year Postsecondary Certificate concentration at Paramount Beauty Academy is General Cosmetology (11 degrees awarded), followed by Aesthetician & Skin Care Specialist (5 degrees).

In 2023, the most specialized majors across all degree types at Paramount Beauty Academy, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Personal & Culinary Services (36 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 Paramount Beauty Academy are Chefs & head cooks (7,906 people), Cooks (2,655 people), Morticians, undertakers, & funeral directors (2,587 people), Food service managers (2,017 people), and Customer service representatives (1,079 people).

The most specialized majors at Paramount Beauty Academy in 2023 are Personal & Culinary Services (36 degrees awarded) (as of 2023).

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 Paramount Beauty Academy are Chief executives & legislators, Lawyers, & judges, magistrates, & other judicial workers, Lodging managers, Financial managers, and Management analysts

The most specialized majors at Paramount Beauty Academy are Personal & Culinary Services (36 degrees awarded) (as of 2023).

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 Paramount Beauty Academy are Restaurants & Food Services (12,244 people), Funeral homes, & cemeteries & crematories (3,016 people), Traveler accommodation (1,919 people), Elementary & secondary schools (1,775 people), and Construction (1,430 people).

The most specialized majors at Paramount Beauty Academy are Personal & Culinary Services (36 degrees awarded) (as of 2023).

Majors Awarded

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

Most Common (2023)

General Cosmetology
11 degrees awarded
Aesthetician & Skin Care Specialist
5 degrees awarded

In 2023, the most common 1 to 2 year postsecondary certificate concentration at Paramount Beauty Academy was General Cosmetology with 11 degrees awarded.

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

Sex Breakdown for Common Majors

Degrees Awarded to Men

in 2023

Degrees Awarded to Women

in 2023

In 2023, 3 degrees were awarded to men at Paramount Beauty Academy, which is 0.0909 times less than the number of degrees awarded to females (33).

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

Most Common Male Majors

In 2023, 2 degrees were awarded to men at Paramount Beauty Academy in Nail Specialist & Manicurist, which is 0.286 times less than the 7 female recipients with that same degree.

Most Common Female Majors

In 2023, 16 degrees were awarded to women at Paramount Beauty Academy in Aesthetician & Skin Care Specialist. There were no male recipients with the same degree.

Time to Complete

73%

100% Completion Time

73%

150% Completion Time

In 2023, 73% of students graduating from Paramount Beauty Academy completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 73% completed their degrees within 150% of the normal time, and 73% 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.

White Female

Highest Graduation Rate (63.4%)

The student demographic with the highest graduation rate in 2019 at Paramount Beauty Academy is Female and White (63.4% graduation rate). Across all , Non-resident Alien Male students have the highest graduation rate (65.7%).

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.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)

White
30 degrees awarded
Asian
3 degrees awarded
Black or African American
2 degrees awarded

The most common race/ethnicity at Paramount Beauty Academy is white (30 degrees awarded). There were 10 times more white recipients than the next closest race/ethnicity group, asian (3 degrees).

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

Race & Ethnicity by Sex

Most Common Sex Demographic (2023)

White Female
30 degrees awarded
Asian Male
2 degrees awarded
Black or African American Male
1 degrees awarded

The most common race/ethnicity and sex grouping at Paramount Beauty Academy is white female (30 degrees awarded). There were 15 times more white female recipients than the next closest race/ethnicity group, asian male (2 degrees).

Operations

Salary Expenditure

$190k

2023 Salaries

1.56%

growth from 2022

In 2023, Paramount Beauty Academy paid a median of $190k in salaries, a 1.56% growth from the previous year. This is compared to a 12.3% growth between 2021 and 2022, and a 9.65% growth between 2020 and 2021.

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

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