Medspa Academies

www.nima.edu

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2023 Average Net Price
$16,881
After Financial Aid
2020 Default Rate
0%
on Student Loans
2023 Enrolled Students
263
87.5% Full-Time

About

Medspa Academies is a higher education institution located in Salt Lake County, UT. In 2023, the most popular 1 to 2 Year Postsecondary Certificate concentrations at Medspa Academies were Aesthetician & Skin Care Specialist (217 degrees awarded).

In 2023, 217 degrees were awarded across all undergraduate and graduate programs at Medspa Academies. 99.1% of these degrees were awarded to women, and 0.922% awarded men. The most common race/ethnicity group of degree recipients was white (164 degrees), 5.29 times more than then the next closest race/ethnicity group, hispanic or latino (31 degrees).

In 2020 the default rate for borrower's at Medspa Academies was 0%, corresponding to 0 out of the 104 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 $16,881.

In 2023, 29% of undergraduate students attending Medspa Academies received financial aid through grants. Comparatively, 48% of undergraduate students received financial aid through loans.

Average Net Price

$16,881
2023 Value
10%
1 Year Growth

In 2023 Medspa Academies had an average net price — the price paid after factoring in grants and loans — of $16,881. Between 2022 and 2023, the average net price of Medspa Academies grew by 10%.

This chart compares the average net price of Medspa Academies (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.

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Financial Aid by Income Level

29%
Undergraduates Receiving Financial Aid through Grants
48%
Undergraduates Receiving Financial Aid through Loans

29% of undergraduate students at Medspa Academies received financial aid through grants or loans in 2023. This represents a growth of 7.41% with respect to 2022, when 27% of undergraduate students received financial aid.

This chart compares the average award discount at Medspa Academies (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.

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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.
0%
2020 Default Rate
0
Number of Defaults

In 2020 the default rate for borrower's at Medspa Academies was 0%, which represents 0 out of the 104 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.

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Enrollment

Medspa Academies had a total enrollment of 263 students in 2023. The full-time enrollment at Medspa Academies is 230 students and the part-time enrollment is 33. This means that 87.5% of students enrolled at Medspa Academies are enrolled full-time.

The enrolled student population at Medspa Academies, both undergraduate and graduate, is 70.3% White, 19.8% Hispanic or Latino, 3.04% Two or More Races, 2.66% Asian, 0.76% American Indian or Alaska Native, 0.76% Black or African American, and 0.38% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Medspa Academies in full-time Undergraduate programs are most commonly White Female (72.7%), followed by Hispanic or Latino Female (17.9%) and Two or More Races Female (4.2%).

Full-Time vs Part-Time Enrollment

87.5%
Full-Time Enrollment

The total enrollment at Medspa Academies in 2023, both undergraduate and graduate, is 263 students. The full-time enrollment at Medspa Academies is 230 and the part-time enrollment is 33.

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

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Retention Rate over Time

95%
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 Medspa Academies was 95%.

This chart shows the retention rate over time at Medspa Academies (highlighted in red) compares to similar universities.

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)
  1. White
    185 enrolled students
  2. Hispanic or Latino
    52 enrolled students
  3. Two or More Races
    8 enrolled students

The enrolled student population at Medspa Academies is 70.3% White, 19.8% Hispanic or Latino, 3.04% Two or More Races, 2.66% Asian, 0.76% American Indian or Alaska Native, 0.76% Black or African American, and 0.38% Native Hawaiian or Other Pacific Islanders. This includes both full-time and part-time students as well as graduate and undergraduates.

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Graduates

In 2023, 213 more women than men received degrees from Medspa Academies. The most common race/ethnicity group of degree recipients at Medspa Academies is white (164 degrees awarded). There were 5.29 times more white recipients than the next closest race/ethnicity group, hispanic or latino (31 degrees).

The most common 1 to 2 Year Postsecondary Certificate concentration at Medspa Academies is Aesthetician & Skin Care Specialist (217 degrees awarded).

In 2023,  the most specialized majors across all degree types at Medspa Academies, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Personal & Culinary Services (217 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 Medspa Academies 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 Medspa Academies in 2023 are Personal & Culinary Services (217 degrees awarded) (as of 2023).

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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 Medspa Academies are Chief executives & legislators, Lawyers, & judges, magistrates, & other judicial workers, Lodging managers, Financial managers, and Management analysts

The most specialized majors at Medspa Academies are Personal & Culinary Services (217 degrees awarded) (as of 2023).

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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 Medspa Academies 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 Medspa Academies are Personal & Culinary Services (217 degrees awarded) (as of 2023).

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Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Medspa Academies.
Aesthetician & Skin Care Specialist
Most Common (2023)
217 degrees awarded

In 2023, the most common 1 to 2 year postsecondary certificate concentration at Medspa Academies was Aesthetician & Skin Care Specialist with 217 degrees awarded.

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

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Sex Breakdown for Common Majors

2
Degrees Awarded to Men
in 2023
215
Degrees Awarded to Women
in 2023

In 2023, 2 degrees were awarded to men at Medspa Academies, which is 0.0093 times less than the number of degrees awarded to females (215).

This chart displays the sex disparity between the top 5 majors at Medspa Academies by degrees awarded.

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Most Common Male Majors

In 2023, 2 degrees were awarded to men at Medspa Academies in Aesthetician & Skin Care Specialist, which is 0.0093 times less than the 215 female recipients with that same degree.

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Most Common Female Majors

In 2023, 215 degrees were awarded to men at Medspa Academies in Aesthetician & Skin Care Specialist, which is 108 times more than the 2 male recipients with that same degree.

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Time to Complete

4%
100% Completion Time
92%
150% Completion Time

In 2023, 4% of students graduating from Medspa Academies completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 92% completed their degrees within 150% of the normal time, and 95% 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.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)
  1. White
    164 degrees awarded
  2. Hispanic or Latino
    31 degrees awarded
  3. Two or More Races
    11 degrees awarded

The most common race/ethnicity at Medspa Academies is white (164 degrees awarded). There were 5.29 times more white recipients than the next closest race/ethnicity group, hispanic or latino (31 degrees).

1.38% of degree recipients (3 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic (2023)
  1. White Female
    164 degrees awarded
  2. Hispanic or Latino Female
    30 degrees awarded
  3. Two or More Races Female
    11 degrees awarded

The most common race/ethnicity and sex grouping at Medspa Academies is white female (164 degrees awarded). There were 5.47 times more white female recipients than the next closest race/ethnicity group, hispanic or latino female (30 degrees).

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Operations

Salary Expenditure

$2.66M
2023 Salaries
23.3%
growth from 2022

In 2023, Medspa Academies paid a median of $2.66M in salaries, a 23.3% growth from the previous year. This is compared to a 43.3% growth between 2021 and 2022, and a 14.3% decline between 2020 and 2021.

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

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