Innovate Salon Academy (492731)

innovatesalonacademy.com

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2023 Average Net Price
$30,319
After Financial Aid
2023 Enrolled Students
153
81.7% Full-Time

About

Innovate Salon Academy (492731) is a higher education institution located in Mercer County, NJ. N/A

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 $30,319.

In 2023, 52% of undergraduate students attending Innovate Salon Academy (492731) received financial aid through grants. Comparatively, 58% of undergraduate students received financial aid through loans.

Average Net Price

$30,319
2023 Value
29.3%
1 Year Growth

In 2023 Innovate Salon Academy (492731) had an average net price — the price paid after factoring in grants and loans — of $30,319. Between 2022 and 2023, the average net price of Innovate Salon Academy (492731) grew by 29.3%.

This chart compares the average net price of Innovate Salon Academy (492731) (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

52%
Undergraduates Receiving Financial Aid through Grants
58%
Undergraduates Receiving Financial Aid through Loans

52% of undergraduate students at Innovate Salon Academy (492731) received financial aid through grants or loans in 2023. This represents a decline of 7.14% with respect to 2022, when 56% of undergraduate students received financial aid.

This chart compares the average award discount at Innovate Salon Academy (492731) (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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Enrollment

Innovate Salon Academy (492731) had a total enrollment of 153 students in 2023. The full-time enrollment at Innovate Salon Academy (492731) is 125 students and the part-time enrollment is 28. This means that 81.7% of students enrolled at Innovate Salon Academy (492731) are enrolled full-time.

The enrolled student population at Innovate Salon Academy (492731), both undergraduate and graduate, is 57.5% Black or African American, 21.6% Hispanic or Latino, 19% White, and 0.654% Two or More Races.

Students enrolled at Innovate Salon Academy (492731) in full-time Undergraduate programs are most commonly Black or African American Female (48%), followed by Hispanic or Latino Female (13.8%) and White Female (13.4%).

Full-Time vs Part-Time Enrollment

81.7%
Full-Time Enrollment

The total enrollment at Innovate Salon Academy (492731) in 2023, both undergraduate and graduate, is 153 students. The full-time enrollment at Innovate Salon Academy (492731) is 125 and the part-time enrollment is 28.

This chart shows the full-time vs part-time enrollment status at Innovate Salon Academy (492731) (in red) compares to similar universities.

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Retention Rate over Time

93%
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 Innovate Salon Academy (492731) was 93%.

This chart shows the retention rate over time at Innovate Salon Academy (492731) (highlighted in red) compares to similar universities.

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)
  1. Black or African American
    88 enrolled students
  2. Hispanic or Latino
    33 enrolled students
  3. White
    29 enrolled students

The enrolled student population at Innovate Salon Academy (492731) is 57.5% Black or African American, 21.6% Hispanic or Latino, 19% White, and 0.654% Two or More Races. This includes both full-time and part-time students as well as graduate and undergraduates.

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Graduates

In 2023,  the most specialized majors across all degree types at Innovate Salon Academy (492731), meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Personal & Culinary Services (133 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 Innovate Salon Academy (492731) are Chefs & head cooks (8,029 people), Morticians, undertakers, & funeral directors (2,563 people), Cooks (2,527 people), Food service managers (2,129 people), and Other managers (1,234 people).

The most specialized majors at Innovate Salon Academy (492731) in 2023 are Personal & Culinary Services (133 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 Innovate Salon Academy (492731) are Chief executives & legislators, Lawyers, & judges, magistrates, & other judicial workers, Lodging managers, Construction managers, and Operations research analysts

The most specialized majors at Innovate Salon Academy (492731) are Personal & Culinary Services (133 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 Innovate Salon Academy (492731) are Restaurants & Food Services (10,067 people), Funeral homes, & cemeteries & crematories (2,964 people), Elementary & secondary schools (2,291 people), Traveler accommodation (1,906 people), and Construction (1,185 people).

The most specialized majors at Innovate Salon Academy (492731) are Personal & Culinary Services (133 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 Innovate Salon Academy (492731).
N/A
Most Common (2023)
N/A degrees awarded

In 2023, the most common N/A concentration at Innovate Salon Academy (492731) was N/A with N/A degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from N/A programs at Innovate Salon Academy (492731) according to their major.

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Race & Ethnicity by Sex

Most Common Sex Demographic (2023)
  1. Black or African American Female
    56 degrees awarded
  2. White Female
    27 degrees awarded
  3. Hispanic or Latino Female
    19 degrees awarded

The most common race/ethnicity and sex grouping at Innovate Salon Academy (492731) is black or african american female (56 degrees awarded). There were 2.07 times more black or african american female recipients than the next closest race/ethnicity group, white female (27 degrees).

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Operations

N/A

Salary Expenditure

$1.05M
2023 Salaries
86.7%
growth from 2022

In 2023, Innovate Salon Academy (492731) paid a median of $1.05M in salaries, a 86.7% growth from the previous year. This is compared to a 0.59% decline between 2021 and 2022, and a 42.2% growth between 2020 and 2021.

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