| Type | Less than 2 year, Private |
|---|---|
| Business Model | For Profit |
| Campus locale | Town: Remote |
| Degrees offered | Undergraduate |
| Calendar system | Continuous |
| Student body size | Small |
|---|---|
| Student to faculty ratio | 18 to 1 |
| Students retention rate | 57% |
| On-time graduation rate | 38% |
Located in Alamogordo, New Mexico, Olympian Academy of Cosmetology is a private, for profit institution that offers undergraduate degrees. The college operates on a continuous calendar system, providing flexibility in scheduling.
One of the notable aspects of Olympian Academy of Cosmetology is its open admission policy. This means that all high school graduates and individuals who hold a GED qualification are eligible to apply for admission. This inclusive approach allows a wide range of students to pursue their higher education goals, regardless of their academic background.
Olympian Academy of Cosmetology is accredited by the National Accrediting Commission of Career Arts and Sciences, ensuring that the institution meets certain standards of quality and effectiveness. This accreditation also allows students to transfer credits to other accredited institutions if they choose to continue their education elsewhere.
The student-to-faculty ratio at Olympian Academy of Cosmetology is 18-to-1, which is slightly higher than both the state and national averages. The state average student-to-faculty ratio in New Mexico is 11-to-1, while the national average is 16-to-1. A lower student-to-faculty ratio generally allows for more personalized attention and interaction between students and faculty.
While the on-time graduation rate at Olympian Academy of Cosmetology is reported to be 38%, it is essential to consider the context of this statistic. For-profit institutions often serve a diverse student population, including many non-traditional students who may face unique challenges in completing their degrees. For comparison, New Mexico state's graduation rate for the 2021-2022 was 36% whereas the national average was 69%.
The retention rate of students at Olympian Academy of Cosmetology is 57% , which is lower than both the state and national averages. The state average retention rate in New Mexico is 58%, while the national average is 76%. This indicates that a significant proportion of students who enroll at Olympian Academy of Cosmetology do not continue their studies after the first year.
-
Accredited by: National Accrediting Commission of Career Arts and Sciences
Admission
The institution does not have any selection criteria for enrollment. All high school graduates and GED certificate holders are eligible for admission.
Tuition & Fees
Barbering/Barber
| Program Length | 12 months |
| Tuition and Fees | $14,500 |
| Books and Supplies | $2,500 |
| Total Cost | $17,000 |
Similar schools that provide the same program:
Aesthetician/Esthetician and Skin Care Specialist
| Program Length | 7 months |
| Tuition and Fees | $10,100 |
| Books and Supplies | $1,200 |
| Total Cost | $11,300 |
Similar schools that provide the same program:
Cosmetology, Barber/Styling, and Nail Instructor
| Program Length | 9 months |
| Tuition and Fees | $7,995 |
| Books and Supplies | - |
| Total Cost | $7,995 |
Similar schools that provide the same program:
Hair Styling/Stylist and Hair Design
| Program Length | 9 months |
| Tuition and Fees | $14,000 |
| Books and Supplies | $2,500 |
| Total Cost | $16,500 |
Average Net Price
The net price represents the amount of money students pay after receiving financial aid. In 2022, the average net price for first-year, full-time students at Olympian Academy of Cosmetology was $19,726. This amount varies among students due to the different levels of financial aid offered based on their family's financial status.
Financial aid includes federal, state, or local government grants and institutional grants and scholarships
Below is the average net price of Less than 2 year, private For Profit colleges in New Mexico and nationwide.
| New Mexico's average | $10,477 |
|---|---|
| National average | $17,367 |
How does Olympian Academy of Cosmetology's $19,726 net price compare to similar institutions nationwide?
| College name | College Type | Average net price | Comparison |
|---|---|---|---|
Highlights Beauty Schools
Mountlake Terrace
WA
|
Private | $11,841 |
40% Cheaper
|
Tuition Plans
Tuition plans offered by Olympian Academy of Cosmetology during 2022 academic year.
-
Prepaid tuition planNot Offered
-
Guaranteed tuition planNot Offered
-
Tuition payment planOffered
-
Other alternative tuition planNot Offered
Financial Aid
Average Grant & Scholarships
In 2022, 78 of freshman students at Olympian Academy of Cosmetology received on average $4,923 in grant and scholarships from the college, the state and/or the federal government. Below is detail stats of the aid provided to full-time, freshman students.
Average Student Loans
In 2022, 76% of freshman students at Olympian Academy of Cosmetology received $6,457 (average) in federal student loan. Below is detail stats of all the loans provided to full-time, freshman students.
Financial Aid By Income Level
Financial aid breakdown by students family income level. The data is organized by income level group starting from families making below $30k to above $110k.
Post-9/11 GI Bill
Post 9/11 GI Bill is a federal education benefit program for veterans, who served on active duty after September 10, 2001. This Department of Veteran Affairs benefit provides up to 36 months of education benefits at an approved institution for the following college costs: tuition and fees, books and supplies and housing. The tuition and fees payment, which is the cost for an in-state student attending a public institution, is made directly to the post-secondary institution whereas payments for books and supplies and housing are sent directly to the student.
Academic Programs
Culinary and Personal Services
Total number of students graduated under this category 404Cosmetology/Cosmetologist
Barbering/Barber
Nail Technician/Specialist and Manicurist
Aesthetician/Esthetician and Skin Care Specialist
Cosmetology, Barber/Styling, and Nail Instructor
Hair Styling/Stylist and Hair Design
Outcome
Graduation Rate
Out of 707 students who enrolled in 2018 and after, 272 students graduated within the normal graduation time of their respective program and 351 students graduated late (within 150% of the normal time it takes to graduate).
49.6%
Dropout Rate
Out of 707 students who enrolled in 2018 and after, 211 students dropped out of the school.
29.8%
Transferred Out
Out of 707 students who enrolled in 2018 and after, 10 students transferred out of the school.
1.4%
Still Enrolled
From the cohort of 2018, as of August 31, 2021, 135 students are still enrolled in the school.
19.1%
Students Population
Gender Diversity
Based on the 2021-2022 data, the undergraduate student population at Olympian Academy of Cosmetology is greatly skewed towards women students, with 84.0% of undergraduate students being women and 16.0% being men. The total number of full-time, first-year undergraduate students is 732, with 615 women and 117 men.
- men 16.0% 117 students
- women 84.0% 615 students
Students Age Diversity
- 25-29 25% 181 students
- 30-34 17% 123 students
- 20-21 15% 109 students
- 18-19 14% 104 students
- 22-24 14% 99 students
- 40-49 7% 51 students
- 35-39 7% 49 students
- 50-64 1% 10 students
Miscellaneous
Service Offerings
- Placement services for graduates
- Academic/career counseling services
- Employment services for students
Educational Offerings
- Occupational
Special Learning Opportunities
- Weekend/evening classes
Veteran Services
- Yellow Ribbon Program (officially known as Post-9/11 GI Bill, Yellow Ribbon Program)