Nova Academy of Cosmetology campus
Nova Academy of Cosmetology logo

Nova Academy of Cosmetology

Type Less than 2 year, Private
Business Model For Profit
Campus locale City: Midsize
Degrees offered Undergraduate
Calendar system Differs by program
Student body size Small
Student to faculty ratio 20 to 1
Students retention rate 83%
On-time graduation rate 47%

Located in Rochester, Minnesota, Nova Academy of Cosmetology is a private, for profit institution that offers undergraduate degrees.

One of the notable aspects of Nova 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.

Nova 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.

While the on-time graduation rate at Nova Academy of Cosmetology is reported to be 47%, 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, Minnesota state's graduation rate for the 2021-2022 was 55% whereas the national average was 69%.

Nova Academy of Cosmetology boasts an impressive student retention rate of 83% , indicating that the majority of students choose to continue their education at the institution. This number surpasses both the state and national averages of 72% and 76%, respectively.


  • Accredited by: National Accrediting Commission of Career Arts and Sciences

Admission

Open 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

The most popular programs at Nova Academy of Cosmetology are Master Aesthetician/Esthetician, Aesthetician/Esthetician and Skin Care Specialist, Cosmetology and Related Personal Grooming Arts, Other. Below is the cost of attendance for these programs as well as the cost of attendance for similar schools that provide the same program.

Master Aesthetician/Esthetician

Aesthetician/Esthetician and Skin Care Specialist

Cosmetology and Related Personal Grooming Arts, Other

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 Nova Academy of Cosmetology was $17,312. 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

Nova Academy of Cosmetology net price calculator

$17,312

Below is the average net price of Less than 2 year, private For Profit colleges in Minnesota and nationwide.

Minnesota's average $15,223
National average $17,367
Below is the net price of Nova Academy of Cosmetology for the past 10 years categorized by different levels of family income brackets.
Year Average Price Change Less than $30k $30k to $48k $48k to $75k $75k to $110k over $110k
2022 $17,312 $3,042 (21%) $18,784 $19,240 $19,711 $21,220 $21,906
2021 $14,270 $345 (2%) $16,900 $15,804 $17,863 $20,090 $20,090
2020 $14,615 $157 (1%) $15,723 $15,847 $17,841 $18,632 $18,823
2019 $14,458 $953 (6%) $15,004 $12,792 $17,249
2018 $15,411 $1,212 (9%) $16,535 $20,033 $20,033
2017 $14,199 $390 (3%) $15,162 $9,463
2016 $13,809 $2,248 (19%) $13,832 $12,920 $15,265 $18,322 $18,322
2015 $11,561 $3,248 (22%) $12,607 $13,828 $15,332 $16,134
2014 $14,809 -- $13,066 $13,868 $18,790 $18,790 $18,790

How does Nova Academy of Cosmetology's $17,312 net price compare to similar institutions nationwide?

The national average net price of private, Less than 2 year institutions is $17,367. However, for Minnesota colleges, that number is $15,223. The table below displays the average net price of comparable colleges:
College name College Type Average net price Comparison
Lynnes Welding Training logo Lynnes Welding Training
Fargo ND
Private $10,330 40% Cheaper

Tuition Plans

Tuition plans offered by Nova Academy of Cosmetology during 2022 academic year.

  • Prepaid tuition plan
    Not Offered
  • Guaranteed tuition plan
    Not Offered
  • Tuition payment plan
    Offered
  • Other alternative tuition plan
    Not Offered

Financial Aid

Average Grant & Scholarships

In 2022, 56 of freshman students at Nova Academy of Cosmetology received on average $4,707 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.

$4,707
Students Receiving Aid Average Amount Total Amount
Pell Grant 72 44% $4,130 $297,350
Other Federal Grant 72 44% $4,130 $297,350
State Grant/Scholarships 81 50% $1,617 $130,950
Institutional Grant/Scholarships 0 0% - -
Total Grant & Scholarships 91 56% $4,707 $428,300

Average Student Loans

In 2022, 72% of freshman students at Nova Academy of Cosmetology received $4,359 (average) in federal student loan. Below is detail stats of all the loans provided to full-time, freshman students.

$4,359
Students Receiving Loan Average Amount Total Amount
Federal Student Loans 117 72% $4,359 $509,971
Private Loans 24 15% $7,168 $172,028
Total Loans 119 73% $5,731 $681,999

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.

$16,146
Average aid amount
2022

Academic Programs

Below is a list of academic programs offered at Nova Academy of Cosmetology sorted by popularity.

Culinary and Personal Services

Total number of students graduated under this category 119

Cosmetology/Cosmetologist

Undergraduate Certificate 63 students

Cosmetology and Related Personal Grooming Arts

Undergraduate Certificate 24 students

Master Aesthetician/Esthetician

Undergraduate Certificate 17 students

Nail Technician/Specialist and Manicurist

Undergraduate Certificate 8 students

Aesthetician/Esthetician and Skin Care Specialist

Undergraduate Certificate 7 students

Outcome

Graduation Rate

Out of 81 students who enrolled in 2018 and after, 38 students graduated within the normal graduation time of their respective program and 62 students graduated late (within 150% of the normal time it takes to graduate).

76.5%

Dropout Rate

Out of 81 students who enrolled in 2018 and after, 19 students dropped out of the school.

23.5%

Students Population

Gender Diversity

Very Low

Based on the 2021-2022 data, the undergraduate student population at Nova Academy of Cosmetology is greatly skewed towards women students, with 97.2% of undergraduate students being women and 2.8% being men. The total number of full-time, first-year undergraduate students is 177, with 172 women and 5 men.

  • men 2.8% 5 students
  • women 97.2% 172 students

Students Age Diversity

  • 20-21 23% 40 students
  • 22-24 19% 34 students
  • 18-19 19% 33 students
  • 25-29 9% 16 students
  • 30-34 5% 9 students
  • 40-49 5% 8 students
  • 35-39 3% 5 students
  • 50-64 1% 1 students

Miscellaneous

Service Offerings

Nova Academy of Cosmetology provides the following additional services to its students
  • Academic/career counseling services

Educational Offerings

Nova Academy of Cosmetology offers educational programs in the following categories. Check the programs page to learn more about specific programs that you are interested in.
  • Occupational