Barber

  American Academy of Cosmetology
Undergraduate certificate in Barbering/Barber
Program Length: 44 weeks

 

   Students graduating on time

   71% of Title IV students complete the program within 44 weeks.

 

   Program Costs*

   $12,240 for tuition and fees
$1,750 for books and supplies
$16,665 for off-campus room and board
Other Costs
Visit website for more program cost information
*The amounts shown above include costs for the entire program, assuming normal time to completion. Note that this information is subject to change.

 

   Students Borrowing Money

   50% of students who attend this program borrow money to pay for it.

   The typical graduate leaves with

   $13,000 in debt.

   The typical monthly loan payment

   $129 per month in student loans with 3.7% interest rate.

   The typical graduate earns

   $22,500* per year after leaving this program.
*This institution has appealed the earnings data for this program.

 

   Graduates who got jobs

   67% of program graduates got jobs according to the state job placement rate
   67% of program graduates got jobs according to the accreditor job placement rate
   Program graduates are employed in the following fields: Barbers

 

   Licensure Requirements

   This program meets licensure requirements in Florida*
*State requires students to sit for licensure exam

 

   Additional Information

   Date Created 7/7/2017
These disclosures are required by the U.S. Department of Education

Cosmetology

  American Academy of Cosmetology
Undergraduate certificate in Cosmetology/Cosmetologist, General
Program Length: 44 weeks

 

   Students graduating on time

   52% of Title IV students complete the program within 44 weeks.

 

   Program Costs*

   $12,240 for tuition and fees
$1,750 for books and supplies
$16,665 for off-campus room and board
Other Costs
Visit website for more program cost information
*The amounts shown above include costs for the entire program, assuming normal time to completion. Note that this information is subject to change.

 

   Students Borrowing Money

   82% of students who attend this program borrow money to pay for it.

   The typical graduate leaves with

   $13,000 in debt.

   The typical monthly loan payment

   $130 per month in student loans with 3.75% interest rate.

   The typical graduate earns

   not provided per year after leaving this program.

 

   Graduates who got jobs

   67% of program graduates got jobs according to the state job placement rate
   67% of program graduates got jobs according to the accreditor job placement rate
   Program graduates are employed in the following fields:
Hairdressers, Hairstylists, and Cosmetologists
Makeup Artists, Theatrical and Performance
Manicurists and Pedicurists
Skincare Specialists

 

   Licensure Requirements

   This program meets licensure requirements in Florida*
*State requires students to sit for licensure exam

 

   Additional Information

   Date Created 7/7/2017
These disclosures are required by the U.S. Department of Education

Full Specialist

  American Academy of Cosmetology
Undergraduate certificate in Aesthetician/Esthetician and Skin Care Specialist
Program Length: 22 weeks

 

   Students graduating on time

   81% of Title IV students complete the program within 22 weeks.

 

   Program Costs*

   $6,500 for tuition and fees
$1,250 for books and supplies
$13,330 for off-campus room and board
Other Costs
Visit website for more program cost information
*The amounts shown above include costs for the entire program, assuming normal time to completion. Note that this information is subject to change.

 

   Students Borrowing Money

   36% of students who attend this program borrow money to pay for it.

   The typical graduate leaves with

   $6,337 in debt.

   The typical monthly loan payment

   $63 per month in student loans with 3.75% interest rate.

   The typical graduate earns

   $24,000 per year after leaving this program.

 

   Graduates who got jobs

   67% of program graduates got jobs according to the state job placement rate
   67% of program graduates got jobs according to the accreditor job placement rate
   Program graduates are employed in the following fields:
Skincare Specialists

 

   Licensure Requirements

   This program meets licensure requirements in
Florida*
*State requires students to sit for licensure exam

 

   Additional Information

   Date Created 7/7/2017
These disclosures are required by the U.S. Department of Education

Notice

SUBJECT: GAINFUL EMPLOYMENT FINAL DEBT-TO-EARNINGS RATES
INSTITUTION: AMERICAN ACADEMY OF COSMETOLOGY

OPEID: 041515
DMYR: 2015
To All Students and Prospective Students enrolled or interested in enrolling in Cosmetology.

THIS LETTER PROVIDES YOU WITH THE FINAL GAINFUL EMPLOYMENT (GE) DEBT-TO- EARNINGS (D/E) RATES FOR GAINFUL EMPLOYMENT PROGRAMS AT YOUR INSTITUTION FOR DEBT MEASURE YEAR (DMYR) 2015.

DEBT TO EARNINGS RATES

UNDER THE GE REGULATIONS, A GE PROGRAM PASSES THE D/E RATES MEASURE IF ITS DISCRETIONARY INCOME RATE IS LESS THAN OR EQUAL TO 20 PERCENT OR ITS ANNUAL EARNINGS RATE IS LESS THAN OR EQUAL TO 8 PERCENT.  A GE PROGRAM FAILS THE D/E RATES MEASURE IF ITS DISCRETIONARY INCOME RATE IS GREATER THAN 30 PERCENT AND ITS ANNUAL EARNINGS RATE IS GREATER THAN 12 PERCENT.

UNDER THE REGULATIONS, A GE PROGRAM BECOMES INELIGIBLE FOR TITLE IV, HEA PROGRAM FUNDS, IF THE PROGRAM FAILS THE D/E RATES MEASURE FOR TWO OUT OF THREE CONSECUTIVE YEARS, OR THE PROGRAM HAS A COMBINATION OF FAILING OR ZONE D/E RATES FOR FOUR CONSECUTIVE YEARS.  “THIS PROGRAM HAS NOT PASSED STANDARDS ESTABLISHED BY THE U.S. DEPARTMENT OF EDUCATION. THE DEPARTMENT BASED THESE STANDARDS ON THE AMOUNTS STUDENTS BORROW FOR ENROLLMENT IN THIS PROGRAM AND THEIR REPORTED EARNINGS. IF IN THE FUTURE THE PROGRAM DOES NOT PASS THE STANDARDS, STUDENTS WHO ARE THEN ENROLLED MAY NOT BE ABLE TO USE FEDERAL STUDENT GRANTS OR LOANS TO PAY FOR THE PROGRAM, AND MAY HAVE TO FIND OTHER WAYS, SUCH AS PRIVATE LOANS, TO PAY FOR THE PROGRAM.”

AAC Cosmetology Program failed the first reporting of GE.  AAC filed an intent to appeal which deadline for submission of data documents extended to January 2018.  AAC did not have their final appeal findings certified and thus did not complete appeal.  These are final as of January 2018 – the deadline for appeal.

FAIL

TRANSITIONAL

CIP    CRED CIP NAME              ANNUAL DISCR   ANNUAL DISCR

LEVL                        RATE   

120401 01    COSMETOLOGY/COSMETOL 013.46 100.00 013.47  100.00