PLACEMENT RATE AND PRE-ENROLLMENT INFORMATION
Panache Academy of Beauty provides each student with graduation and placement information prior to enrollment. The graduation rates are based on the requirements set forth by both the Department of Education and information that we provide the required accrediting company annually. Please see below Pre-Enrollment information. Additional information regarding Pre-Enrollment information can be found in our Consumer Information Catalog, add the end of this page or can be obtained at any time by contacting a member of the administration at the Academy.
As an Accredited School with The National Accrediting Commission of Career Arts and Sciences, Inc. (NACCAS) the Academy must assess the achievements of its programs and students on the basis of pass rates on examinations for licensure (70% min.), placement rates based on those (60% min.) and program completion rates (50% min.).
The On-Time Completion Rates is stated in percentages and is based on students who complete their enrolled program within the standard completion contracted time as shown in the Academy’s Consumer Information Catalog. A student is considered as an on-time completer when the student completes the required State and Academy hours for their enrolled program on or before their contract graduation date.
Rates on examinations for licensure (70% min.), placement rates based on those (60% min.) and program completion rates (50% min.). This Academy is proud to announce that it exceeds the required outcomes set by NACCAS with the following rates: (rates shown are for 2019 calendar year. 2020 calendar year rates are not available until November 2021).
The following information is based on the auditing requirements of our Accreditation Agency. Which are calculated and reported annually
Institution:
Graduation Rate: 63.79%
Placement Rate: 83.78%
Licensure Rate: 85.71%
Cosmetology Practitioner:
Completion (50% min) Graduate:54.00 %
Placement (60% min) Employed: 80%
Licensure (70% min):100.00%
Barber:
Completion (50% min) Graduate:50.00%
Placement (60% min) Employed:100%
Licensure (70% min):n/a
Aesthetician:
Completion (50% min) Graduate:83%
Placement (60% min) Employed:80.00%
Licensure (70% min): 91.00%
Manicurist:
Completion (50% min) Graduate:60%
Placement (60% min) Employed:100%
Licensure (70% min): 100%
Instructor Training:
Completion (50% min) Graduate: 100%
Placement (60% min) Employed 100%
Licensure (70% min):n/a
The U.S. Department of Education prohibits the Academy from including in the on-time completion rate any student completer that has a delayed graduation date. Whether a student graduates on-time or not can be caused by several different factors. Many students have delayed completion times due to family responsibilities, child care and/or medical issues, or conflicts with employment schedules. Students within this category do graduate, but they do not meet the definition of the U.S. Department of Education’s on-time completion rate, and are not included in the on-time completion rates listed under each program of study. For on-time completion rates, please see each program of study.
Graduation Rate: Current and Prior year. Due July 1 each year. These rates are determined by First Time , Full time undergraduate students who enter the Academy between the reporting time frame as indicated below.
This information is based on the Department of Education’s auditing requirements of the reporting time frame which is: 09/01/2012 to 08/31/2013
Cosmetology Practitioner: 53%, or 8 of the 15 first-time, full time students in the cosmetology program schedule to graduate between 09/01/2012 to 08/31/2013, graduated. Of the remaining 7 students, 2 dropped for personal reasons and 5 were terminated by the Academy.
This information is based on the Department of Education’s auditing requirements of the reporting time frame which is: 09/01/2013 to 08/31/2014
Cosmetology Practitioner: 71%, or 15 of the 21 first-time, full time students in the cosmetology program schedule to graduate between 09/01/2013 to 08/31/2014, graduated. Of the remaining 6 students were terminated by the Academy.
Barber program: No data to report. Program was not offered by the Academy during reporting time frame
MEDIAN STUDENT LOAN DEBT
There are numerous financial assistant programs to help students pay for educational needs. A student maybe eligible for financial aid student loans, an Academy payment plan, or other private loans to help meet these educational needs. These loans are monies that must be repaid upon a student completing school. The Academy calculates the median loan debt of students that complete our programs of study. Median debt refers to the “mid-range” or amount of debt that a typical student has when they complete their program of study. For median loan debt, please see each program of study below. This information is also available in the Academy’s Consumer Information and the Academy’s Student Catalog and Handbook.
Listed is the Median Loan Debt for each program that is an approved Title IV Eligible program for (July 1, 2018 to June 30, 2019)
Cosmetology Practitioner – The median Title IV debt is: $12,394
Aesthetician – The median Title IV debt is: $6,267
Barber- To keep the confidentiality of graduating students, less than 10 students completed the Barber program during reporting time frame: The median Title IV debt is: $0.00
Non Title IV approved programs:
Manicurist: program is not a Title IV approved program
Instructor Training: program is not a Title IV approved program
Non -Title median debt refers to private loans or instructional financing that a student receives and must pay when leaving the academy.
For additional Median loan debt information, completers and placement refer to the Academy’s Gainful Employment Disclosures listed on the main webpage.
STUDENT BODY DIVERSITY
- Cosmetologists ( Hairdressers, Hairstylists, and Cosmetologists) SOC Code: 39-5010
- http://www.onetonline.org/link/summary/39-5010.0
Barber (Barber Shop Operator, Master Barber, Stylist) SOC Code: 39-5011 - http://www.onetonline.org/link/summary/39-5011.00
Aesthetician ( Skin care Specialists) SOC Code: 39-5094 - http://www.onetonline.org/link/summary/39-5094.00
Manicurist (Manicurists and Pedicurists) SOC Code: 39-5092 - http://www.onetonline.org/link/summary/39-5092.00
Instructor Training (Vocational Educational) SOC Code 25-1194 - http://www.onetonline.org/link/summary/25-1194.00
Manager Program: SOC Code: 39.5012 - http://www.onetoonline.org/link/summary/39.5012.00
IPEDS Statistics The College Navigator website (http://nces.ed.gov/collegenavigator/) provides current and prospective students information about student body diversity, including the percentage of enrolled, full time students in the follow categories:
The diversity of our student population for the Fall 2018-2019 award year listed below.
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Additional information regarding percentages of enrolled full-time students by gender and self-identified racial/ethnic group, as well as Federal Pell Grant recipients, is available on the www.panacheacademyofbeauty.com website, select Student Resources and then select College Navigator or you may access the College Navigator website directly (http://nces.ed.gov/collegenavigator).
- Self –identified members of a major racial or ethnic group
- Federal Pell Grant recipients.
- The College Navigator website also gives information concerning student services, students with disabilities, career placement during and after enrollment and transfer of credit from other schools, retention, licensure, graduation and placement rates.
This additional information is collected in the IPEDS fall enrollment survey. For more information: http://nces.ed.gov/ipeds.
Enrollment data Fall 2019