Nova Academy of Cosmetology

Rochester, MN · Private for-profit · Certificate degree-granting

Nova Academy of Cosmetology, based in Rochester, Minnesota, is a private for-profit institution, accredited by the National Accrediting Commission of Career Arts and Sciences, Inc.. With 205 students, it is a small institution. Graduates earn a median of $32,156 ten years after enrollment, compared to a national median of $40,747. Regarding student success, the graduation rate is 79.1%. Mmedian graduate debt is $9,424, yielding an earnings-to-debt ratio of 3.41x. The average net price after financial aid is $21,473 per year. The most popular programs include Cosmetology and Related Personal Grooming Services.

Key Outcomes

Median Earnings (10yr)
$32,156
Graduation Rate
79.1%
Median Debt
$9,424
Average Net Price
$21,473
Earnings-to-Cost Ratio
1.5x
Earnings-to-Debt Ratio
3.41x

Admissions & Enrollment

Total Enrollment
205
Admission Rate
Not reported
Average SAT
Not reported
Retention Rate
82.6%

Cost

In-State Tuition
Not reported
Out-of-State Tuition
Not reported
Pell Grant Rate
35.2%
Federal Loan Rate
60.2%

Net Cost by Family Income

Income $0–$30K
$18,099
Income $30K–$48K
$17,760
Income $48K–$75K
$22,496
Income $110K+
$24,885

Student Demographics

White
74.2%
Black
3.9%
Hispanic
7.3%
Asian
3.4%
Two or More Races
7.8%

Student Loan Performance

Repayment Rate (3yr)
46.6%

Accreditations

Programs (1)

Undergraduate Certificate (1)

Program Median Earnings Completers
Cosmetology and Related Personal Grooming Services $36,079 132

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