Innovate Salon Academy (nan)

innovatesalonacademy.com/

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2021 Average Net Price
$17,429
After Financial Aid
2019 Student Loan
2.38%
Default Rate
2021 Enrolled Students
127
100% Full-Time

About

Innovate Salon Academy (nan) is a higher education institution located in Mercer County, NJ. In 2021, the most popular 1 to 2 Year Postsecondary Certificate concentrations at Innovate Salon Academy (nan) were Barbering (25 degrees awarded) and General Cosmetology (16 degrees).

In 2021, 103 degrees were awarded across all undergraduate and graduate programs at Innovate Salon Academy (nan). 75.7% of these degrees were awarded to women, and 24.3% awarded men. The most common race/ethnicity group of degree recipients was black or african american (38 degrees), 1.19 times more than then the next closest race/ethnicity group, white (32 degrees).

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

dollarCosts

After taking grants and loans into account, the average net price for students is $17,429.

In 2021, 68% of undergraduate students attending Innovate Salon Academy (nan) received financial aid through grants. Comparatively, 66% of undergraduate students received financial aid through loans.

Average Net Price

$17,429
2021 Value
21.6%
1 Year Growth

In 2021 Innovate Salon Academy (nan) had an average net price — the price paid after factoring in grants and loans — of $17,429. Between 2020 and 2021, the average net price of Innovate Salon Academy (nan) grew by 21.6%.

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

68%
Undergraduates Receiving Financial Aid through Grants
66%
Undergraduates Receiving Financial Aid through Loans

68% of undergraduate students at Innovate Salon Academy (nan) received financial aid through grants or loans in 2021. This represents a growth of 11.5% with respect to 2020, when 61% of undergraduate students received financial aid.

This chart compares the average award discount at Innovate Salon Academy (nan) (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.
2.38%
2019 Default Rate
3
Number of Defaults

In 2019 the default rate for borrower's at Innovate Salon Academy (nan) was 2.38%, which represents 3 out of the 126 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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bookEnrollment

Innovate Salon Academy (nan) had a total enrollment of 127 students in 2021. The full-time enrollment at Innovate Salon Academy (nan) is 127 students and the part-time enrollment is 0. This means that 100% of students enrolled at Innovate Salon Academy (nan) are enrolled full-time.

The enrolled student population at Innovate Salon Academy (nan), both undergraduate and graduate, is 52% Black or African American, 26.8% White, 16.5% Hispanic or Latino, and 2.36% Asian.

Students enrolled at Innovate Salon Academy (nan) in full-time Undergraduate programs are most commonly Black or African American Female (44.9%), followed by White Female (20.5%) and Hispanic or Latino Female (10.2%).

Full-Time vs Part-Time Enrollment

100%
Full-Time Enrollment

The total enrollment at Innovate Salon Academy (nan) in 2021, both undergraduate and graduate, is 127 students. The full-time enrollment at Innovate Salon Academy (nan) is 127 and the part-time enrollment is 0.

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

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Retention Rate over Time

100%
2021 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 (nan) was 100%. Compared with the full-time retention rate at similar (77%), Innovate Salon Academy (nan) had a retention rate higher than its peers.

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

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2021)
  1. Black or African American
    66 enrolled students
  2. White
    34 enrolled students
  3. Hispanic or Latino
    21 enrolled students

The enrolled student population at Innovate Salon Academy (nan) is 52% Black or African American, 26.8% White, 16.5% Hispanic or Latino, and 2.36% Asian. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all is 34.9% White, 24.8% Hispanic or Latino, and 17.5% Black or African American.

Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 1 students (0.787%) did not report their race.

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learningGraduates

In 2021, 53 more women than men received degrees from Innovate Salon Academy (nan). The most common race/ethnicity group of degree recipients at Innovate Salon Academy (nan) is black or african american (38 degrees awarded). There were 1.19 times more black or african american recipients than the next closest race/ethnicity group, white (32 degrees).

The most common 1 to 2 Year Postsecondary Certificate concentration at Innovate Salon Academy (nan) is Barbering (25 degrees awarded), followed by General Cosmetology (16 degrees).

In 2021,  the most specialized majors across all degree types at Innovate Salon Academy (nan), meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Personal & Culinary Services (103 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 (nan) are Chefs & head cooks (8,549 people), Cooks (3,412 people), Morticians, undertakers, & funeral directors (2,945 people), Food service managers (2,679 people), and Firstline supervisors of food preparation & serving workers (1,125 people).

The most specialized majors at Innovate Salon Academy (nan) in 2021 are Personal & Culinary Services (103 degrees awarded) (as of 2021).

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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 (nan) are Chief executives & legislators, Lawyers, & judges, magistrates, & other judicial workers, Industrial production managers, Management analysts, and Education administrators

The most specialized majors at Innovate Salon Academy (nan) are Personal & Culinary Services (103 degrees awarded) (as of 2021).

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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 (nan) are Restaurants & Food Services (13,061 people), Funeral homes, & cemeteries & crematories (3,181 people), Traveler accommodation (1,866 people), Elementary & secondary schools (1,721 people), and Construction (1,402 people).

The most specialized majors at Innovate Salon Academy (nan) are Personal & Culinary Services (103 degrees awarded) (as of 2021).

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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 (nan).
Most Common (2021)
  1. Barbering
    25 degree-majors awarded
  2. General Cosmetology
    16 degree-majors awarded

In 2021, the most common 1 to 2 year postsecondary certificate concentration at Innovate Salon Academy (nan) was Barbering with 25 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from 1 to 2 year postsecondary certificate programs at Innovate Salon Academy (nan) according to their major.

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Sex Breakdown for Common Majors

25
Degrees Awarded to Men
in 2021
78
Degrees Awarded to Women
in 2021

In 2021, 25 degrees were awarded to men at Innovate Salon Academy (nan), which is 0.321 times less than the number of degrees awarded to females (78).

This chart displays the sex disparity between the top 5 majors at Innovate Salon Academy (nan) by degrees awarded.

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Most Common Male Majors

In 2021, 22 degrees were awarded to men at Innovate Salon Academy (nan) in Barbering, which is 7.33 times more than the 3 female recipients with that same degree.

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Most Common Female Majors

In 2021, 60 degrees were awarded to men at Innovate Salon Academy (nan) in Aesthetician & Skin Care Specialist, which is 30 times more than the 2 male recipients with that same degree.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2021)
  1. Black or African American
    38 degrees awarded
  2. White
    32 degrees awarded
  3. Hispanic or Latino
    24 degrees awarded

The most common race/ethnicity at Innovate Salon Academy (nan) is black or african american (38 degrees awarded). There were 1.19 times more black or african american recipients than the next closest race/ethnicity group, white (32 degrees).

0.971% of degree recipients (1 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic (2021)
  1. Black or African American Female
    30 degrees awarded
  2. White Female
    25 degrees awarded
  3. Hispanic or Latino Female
    16 degrees awarded

The most common race/ethnicity and sex grouping at Innovate Salon Academy (nan) is black or african american female (30 degrees awarded). There were 1.2 times more black or african american female recipients than the next closest race/ethnicity group, white female (25 degrees).

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briefcaseOperations

Salary Expenditure

$564k
2021 Salaries
42.2%
growth from 2020

In 2021, Innovate Salon Academy (nan) paid a median of $564k in salaries, a 42.2% growth from the previous year.

The median for similar is 597k (12.9% of overall expenditures).

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