Innovate Salon Academy

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2023 Average Net Price
$37,161
After Financial Aid
2020 Default Rate
0%
on Student Loans
2023 Enrolled Students
247
64.8% Full-Time

About

Innovate Salon Academy is a higher education institution located in Middlesex County, NJ. In 2023, the most popular Certificate of at least 1 but less than 2 academic years concentrations at Innovate Salon Academy were Aesthetician & Skin Care Specialist (113 degrees awarded) and Cosmetology, Barber, & Nail Instructor (1 degrees).

In 2020 the default rate for borrower's at Innovate Salon Academy was 0%, corresponding to 0 out of the 167 total borrowers.

Costs

After taking grants and loans into account, the average net price for students is $37,161.

In 2023, 49% of undergraduate students attending Innovate Salon Academy received financial aid through grants. Comparatively, 59% of undergraduate students received financial aid through loans.

Average Net Price

$37,161
2023 Value
227%
1 Year Growth

In 2023 Innovate Salon Academy had an average net price — the price paid after factoring in grants and loans — of $37,161. Between 2022 and 2023, the average net price of Innovate Salon Academy grew by 227%.

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

49%
Undergraduates Receiving Financial Aid through Grants
59%
Undergraduates Receiving Financial Aid through Loans

49% of undergraduate students at Innovate Salon Academy received financial aid through grants or loans in 2023. This represents a growth of 6.52% with respect to 2022, when 46% of undergraduate students received financial aid.

This chart compares the average award discount at Innovate Salon Academy (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%
2020 Default Rate
0
Number of Defaults

In 2020 the default rate for borrower's at Innovate Salon Academy was 0%, which represents 0 out of the 167 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

Innovate Salon Academy had a total enrollment of 247 students in 2023. The full-time enrollment at Innovate Salon Academy is 160 students and the part-time enrollment is 87. This means that 64.8% of students enrolled at Innovate Salon Academy are enrolled full-time.

The enrolled student population at Innovate Salon Academy, both undergraduate and graduate, is 53.4% Hispanic or Latino, 22.7% White, 16.2% Black or African American, 4.05% Asian, and 3.24% Two or More Races.

Students enrolled at Innovate Salon Academy in full-time Undergraduate programs are most commonly Hispanic or Latino Female (42%), followed by White Female (22.3%) and Black or African American Female (14.1%).

Full-Time vs Part-Time Enrollment

64.8%
Full-Time Enrollment

The total enrollment at Innovate Salon Academy in 2023, both undergraduate and graduate, is 247 students. The full-time enrollment at Innovate Salon Academy is 160 and the part-time enrollment is 87.

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

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)
  1. Hispanic or Latino
    132 enrolled students
  2. White
    56 enrolled students
  3. Black or African American
    40 enrolled students

The enrolled student population at Innovate Salon Academy is 53.4% Hispanic or Latino, 22.7% White, 16.2% Black or African American, 4.05% Asian, and 3.24% Two or More Races. This includes both full-time and part-time students as well as graduate and undergraduates.

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Graduates

The most common Certificate of at least 1 but less than 2 academic years concentration at Innovate Salon Academy is Aesthetician & Skin Care Specialist (113 degrees awarded), followed by Cosmetology, Barber, & Nail Instructor (1 degrees).

In 2023,  the most specialized majors across all degree types at Innovate Salon Academy, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Personal & Culinary Services (194 degrees awarded).

Common Jobs by Major

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 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 Innovate Salon Academy in 2023 are Personal & Culinary Services (194 degrees awarded) (as of 2023).

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Highest Paying Jobs by Major

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Innovate Salon Academy are Chief executives & legislators, Lawyers, & judges, magistrates, & other judicial workers, Lodging managers, Financial managers, and Management analysts

The most specialized majors at Innovate Salon Academy are Personal & Culinary Services (194 degrees awarded) (as of 2023).

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Common Industries by Major

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 are Restaurants & Food Services (12,244 people), Funeral homes, & cemeteries & crematories (3,016 people), Traveler accommodation (1,919 people), Elementary & secondary schools (1,775 people), and Construction (1,430 people).

The most specialized majors at Innovate Salon Academy are Personal & Culinary Services (194 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.
Most Common (2023)
  1. 113 degrees awarded
  2. 1 degrees awarded

In 2023, the most common N/A concentration at Innovate Salon Academy was Aesthetician & Skin Care Specialist with 113 degrees awarded.

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

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Operations

N/A N/A