Changes to the Code of Federal Regulations (CFR 668.6) which governs the Higher Education Act (HEA) and the disbursement of Financial Aid (Title IV) determine how post-secondary schools, colleges and higher education institutions administer and advertise their programs. The objective is to disclose to prospective students consumer information which allows the prospective student to make an informative decision when choosing their post secondary institution. While these HEA regulations can be somewhat confusing we welcome any questions or concerns you may have after you review the provided consumer information.
Artistic Academy offers job placement for our graduates in the field for which they were trained. Our placement rate is determined by our accrediting agency. Artistic Academy is accredited by The National Accrediting Commission of Career Arts and Sciences (NACCAS). The placement rate for our Cosmetology Program is 86.6%. NACCAS, using their methodology, determined of the 127 students who completed and were eligible for employment, 110 of them were employed in their field of study.
Occupation Data refers to information about a specific profession. The Bureau of Labor Statistics provides complete facts for all careers and explains what you may be expected to perform for a specific job or occupation. All occupations are categorized into groups and assigned a Standard Occupation Code (SOC) for each profession. To view a specific occupation visit http://www.onetonline.org and provide the SOC code for Cosmetology: 39-5012. It is here you will be able to view a summary of work expectations, wages and employment trends.
Median Loan Debt
Median loan debt refers to the “mid-range” or “amount of debt” a typical student has when they graduate or leave school. To assist with the cost of their education, many Artistic Academy students apply for student loans. Student loans are funds that must be repaid after you graduate or leave the program. Artistic Academy’s median Title IV loan debt for the Cosmetology program is $5,500.00. The non-Title IV median debt is $0.00.
On Time Graduation Rates
Students attending Artistic Academy for our Cosmetology program are required to complete their instructional hours as mandated by the New Jersey State Board of Cosmetology and Hairstyling in order to graduate. On time graduation rates include those students that graduate “on time” or before their expected graduation date. Our on Time Graduation Rate for the Cosmetology program is 3%. This does not include students that graduated after their expected date of graduation. Many of our students have a delay in their graduation date due to child care issues, illness (allowable absent hours), family responsibilities, etc. and are not included in our On Time Graduation Rate. Based on the US Department of Education’s expectations we may only include those students that have graduated on their “contracted graduation date” hence students that graduated one day after their contracted graduation date are not included in our On Time Graduation Rates. Please note our overall Cosmetology Graduation Rate is 79.61%.