Faust Institute of Cosmetology-Spirit Lake

www.faustinstitute.com

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2023 Average Net Price
$5,498
After Financial Aid
2022 Default Rate
0%
on Student Loans
2023 Enrolled Students
16
100% Full-Time
2022 Graduation Rate
100%
3 Graduates

About

Faust Institute of Cosmetology-Spirit Lake is a higher education institution located in Dickinson County, IA. In 2023, the most popular 2 to 4 Year Postsecondary Certificate concentrations at Faust Institute of Cosmetology-Spirit Lake were General Cosmetology (11 degrees awarded).

In 2022, 11 degrees were awarded across all undergraduate and graduate programs at Faust Institute of Cosmetology-Spirit Lake. 90.9% of these degrees were awarded to women, and 9.09% awarded men. The most common race/ethnicity group of degree recipients was white (14 degrees).

In 2022 the default rate for borrower's at Faust Institute of Cosmetology-Spirit Lake was 0%, corresponding to 0 out of the 46 total borrowers.

Not applicable, not in Carnegie universe (not accredited or nondegree-granting)Unknown

Costs

After taking grants and loans into account, the average net price for students is $5,498.

In 2023, 71% of undergraduate students attending Faust Institute of Cosmetology-Spirit Lake received financial aid through grants. Comparatively, 39% of undergraduate students received financial aid through loans.

Average Net Price

$5,498
2023 Value
0.77%
1 Year Growth

In 2023 Faust Institute of Cosmetology-Spirit Lake had an average net price — the price paid after factoring in grants and loans — of $5,498. Between 2022 and 2023, the average net price of Faust Institute of Cosmetology-Spirit Lake grew by 0.77%.

This chart compares the average net price of Faust Institute of Cosmetology-Spirit Lake (in red) with that of other similar universities.

Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

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Financial Aid by Income Level

71%
Undergraduates Receiving Financial Aid through Grants
39%
Undergraduates Receiving Financial Aid through Loans

71% of undergraduate students at Faust Institute of Cosmetology-Spirit Lake received financial aid through grants or loans in 2023. This represents a growth of 14.5% with respect to 2022, when 62% of undergraduate students received financial aid.

This chart compares the average award discount at Faust Institute of Cosmetology-Spirit Lake (in red) with that of other similar universities.

The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

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Student Loan Default Rate

Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.
0%
2022 Default Rate
0
Number of Defaults

In 2022 the default rate for borrower's at Faust Institute of Cosmetology-Spirit Lake was 0%, which represents 0 out of the 46 total borrowers.

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

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Enrollment

Faust Institute of Cosmetology-Spirit Lake had a total enrollment of 16 students in 2023. The full-time enrollment at Faust Institute of Cosmetology-Spirit Lake is 16 students and the part-time enrollment is 0. This means that 100% of students enrolled at Faust Institute of Cosmetology-Spirit Lake are enrolled full-time.

The enrolled student population at Faust Institute of Cosmetology-Spirit Lake, both undergraduate and graduate, is 75% White and 25% Hispanic or Latino.

Students enrolled at Faust Institute of Cosmetology-Spirit Lake in full-time Undergraduate programs are most commonly White Female (80%), followed by Hispanic or Latino Female (20%).

Full-Time vs Part-Time Enrollment

100%
Full-Time Enrollment

The total enrollment at Faust Institute of Cosmetology-Spirit Lake in 2023, both undergraduate and graduate, is 16 students. The full-time enrollment at Faust Institute of Cosmetology-Spirit Lake is 16 and the part-time enrollment is 0.

This chart shows the full-time vs part-time enrollment status at Faust Institute of Cosmetology-Spirit Lake (in red) compares to similar universities.

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Retention Rate over Time

100%
2023 Retention Rate

Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall. The retention rate for full-time undergraduates at Faust Institute of Cosmetology-Spirit Lake was 100%.

This chart shows the retention rate over time at Faust Institute of Cosmetology-Spirit Lake (highlighted in red) compares to similar universities.

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)
  1. White
    12 enrolled students
  2. Hispanic or Latino
    4 enrolled students

The enrolled student population at Faust Institute of Cosmetology-Spirit Lake is 75% White and 25% Hispanic or Latino. This includes both full-time and part-time students as well as graduate and undergraduates.

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Graduates

In 2022, 9 more women than men received degrees from Faust Institute of Cosmetology-Spirit Lake. The most common race/ethnicity group of degree recipients at Faust Institute of Cosmetology-Spirit Lake is white (14 degrees awarded).

The most common 2 to 4 Year Postsecondary Certificate concentration at Faust Institute of Cosmetology-Spirit Lake is General Cosmetology (11 degrees awarded).

In 2023,  the most specialized majors across all degree types at Faust Institute of Cosmetology-Spirit Lake, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Personal & Culinary Services (14 degrees awarded).

Common Jobs by Major

Chefs & head cooks
Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Faust Institute of Cosmetology-Spirit Lake are Chefs & head cooks (7,906 people), Cooks (2,655 people), Morticians, undertakers, & funeral directors (2,587 people), Food service managers (2,017 people), and Customer service representatives (1,079 people).

The most specialized majors at Faust Institute of Cosmetology-Spirit Lake in 2023 are Personal & Culinary Services (14 degrees awarded) (as of 2023).

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Highest Paying Jobs by Major

Chief executives & legislators
Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Faust Institute of Cosmetology-Spirit Lake are Chief executives & legislators, Lawyers, & judges, magistrates, & other judicial workers, Lodging managers, Financial managers, and Industrial production managers

The most specialized majors at Faust Institute of Cosmetology-Spirit Lake are Personal & Culinary Services (14 degrees awarded) (as of 2023).

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Common Industries by Major

Restaurants & Food Services
Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Faust Institute of Cosmetology-Spirit Lake are Restaurants & Food Services (10,934 people), uninformed (2,945 people), Funeral homes, & cemeteries & crematories (2,828 people), Elementary & secondary schools (2,087 people), and Traveler accommodation (1,672 people).

The most specialized majors at Faust Institute of Cosmetology-Spirit Lake are Personal & Culinary Services (14 degrees awarded) (as of 2023).

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Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Faust Institute of Cosmetology-Spirit Lake.
General Cosmetology
Most Common (2023)
11 degrees awarded

In 2023, the most common 2 to 4 year postsecondary certificate concentration at Faust Institute of Cosmetology-Spirit Lake was General Cosmetology with 11 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from 2 to 4 year postsecondary certificate programs at Faust Institute of Cosmetology-Spirit Lake according to their major.

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Sex Breakdown for Common Majors

1
Degrees Awarded to Men
in 2022
10
Degrees Awarded to Women
in 2022

In 2022, 1 degrees were awarded to men at Faust Institute of Cosmetology-Spirit Lake, which is 0.1 times less than the number of degrees awarded to females (10).

This chart displays the sex disparity between the top 5 majors at Faust Institute of Cosmetology-Spirit Lake by degrees awarded.

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Most Common Male Majors

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Most Common Female Majors

In 2023, 11 degrees were awarded to women at Faust Institute of Cosmetology-Spirit Lake in General Cosmetology. There were no male recipients with the same degree.

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Time to Complete

100%
100% Completion Time
100%
150% Completion Time

In 2023, 100% of students graduating from Faust Institute of Cosmetology-Spirit Lake completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 100% completed their degrees within 150% of the normal time, and 100% within 200%.

The following chart shows these completion rates over time compared to the average for the Carnegie Classification group.

Graduation rate is defined as the percentage of full-time, first-time students who received a degree or award within a specific percentage of "normal time" to completion for their program.

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Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.
White Female
Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2022 at Faust Institute of Cosmetology-Spirit Lake is Female and White (100% graduation rate). Across all , Asian Female students have the highest graduation rate (74.3%).

The department of education defines graduation rate as the percentage of full-time, first-time students who received a degree or award within 150% of "normal time" to completion.

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Race & Ethnicity by Share

White
Most Common Student Race or Ethnicity (2023)
14 degrees awarded

The most common race/ethnicity at Faust Institute of Cosmetology-Spirit Lake is white (14 degrees awarded).

0% of degree recipients (0 students) did not report their race.

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Race & Ethnicity by Sex

White Female
Most Common Sex Demographic (2023)
14 degrees awarded

The most common race/ethnicity and sex grouping at Faust Institute of Cosmetology-Spirit Lake is white female (14 degrees awarded).

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Operations

Salary Expenditure

$189k
2023 Salaries
7.63%
decline from 2022

In 2023, Faust Institute of Cosmetology-Spirit Lake paid a median of $189k in salaries, a 7.63% decline from the previous year. This is compared to a 121% growth between 2021 and 2022, and a 14.7% decline between 2020 and 2021.

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