Salon Academy

salonacademymi.net

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2017 Average Net Price

$12,051

After Financial Aid

2014 Default Rate

10.9%

on Student Loans

2016 Enrolled Students

100% Full-Time

About

Salon Academy is a higher education institution located in Branch County, MI. In 2017, the most popular 1 to 2 Year Postsecondary Certificate concentrations at Salon Academy were General Cosmetology (26 degrees awarded).

In 2017, 27 degrees were awarded across all undergraduate and graduate programs at Salon Academy. 92.6% of these degrees were awarded to women, and 7.41% awarded men. The most common race/ethnicity group of degree recipients was white (24 degrees), 12 times more than then the next closest race/ethnicity group, black or african american (2 degrees).

In 2014 the default rate for borrower's at Salon Academy was 10.9%, corresponding to 5 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 $12,051.

In 2017, 89% of undergraduate students attending Salon Academy received financial aid through grants. Comparatively, 96% of undergraduate students received financial aid through loans.

Average Net Price

$12,051

2017 Value

0.744%

1 Year Growth

In 2017 Salon Academy had an average net price — the price paid after factoring in grants and loans — of $12,051. Between 2016 and 2017, the average net price of Salon Academy grew by 0.744%.

This chart compares the average net price of 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.

Financial Aid by Income Level

89%

Undergraduates Receiving Financial Aid through Grants

96%

Undergraduates Receiving Financial Aid through Loans

89% of undergraduate students at Salon Academy received financial aid through grants or loans in 2017. This represents a growth of 34.8% with respect to 2016, when 66% of undergraduate students received financial aid.

This chart compares the average award discount at 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.

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.

10.9%

2014 Default Rate

Number of Defaults

In 2014 the default rate for borrower's at Salon Academy was 10.9%, which represents 5 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.

Enrollment

Salon Academy had a total enrollment of 82 students in 2016. The full-time enrollment at Salon Academy is 82 students and the part-time enrollment is 0. This means that 100% of students enrolled at Salon Academy are enrolled full-time.

The enrolled student population at Salon Academy, both undergraduate and graduate, is 89% White and 11% Black or African American.

Students enrolled at Salon Academy in full-time Undergraduate programs are most commonly White Female (82.9%), followed by Black or African American Female (11%) and White Male (6.1%).

Full-Time vs Part-Time Enrollment

100%

Full-Time Enrollment

The total enrollment at Salon Academy in 2016, both undergraduate and graduate, is 82 students. The full-time enrollment at Salon Academy is 82 and the part-time enrollment is 0.

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

Retention Rate over Time

68%

2016 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 Salon Academy was 68%.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2016)

White
73 enrolled students
Black or African American
9 enrolled students

The enrolled student population at Salon Academy is 89% White and 11% Black or African American. This includes both full-time and part-time students as well as graduate and undergraduates.

Graduates

In 2017, 23 more women than men received degrees from Salon Academy. The most common race/ethnicity group of degree recipients at Salon Academy is white (24 degrees awarded). There were 12 times more white recipients than the next closest race/ethnicity group, black or african american (2 degrees).

The most common 1 to 2 Year Postsecondary Certificate concentration at Salon Academy is General Cosmetology (26 degrees awarded).

In 2017, the most specialized majors across all degree types at Salon Academy, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Personal & Culinary Services (27 degrees awarded).

Common Jobs by Major

Elementary & middle school teachers

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Salon Academy are Elementary & middle school teachers (2,639,335 people), Other managers (2,238,430 people), Registered nurses (1,850,364 people), Software developers (1,446,628 people), and Accountants & auditors (1,374,574 people).

The most specialized majors at Salon Academy in 2017 are Personal & Culinary Services (27 degrees awarded) (as of 2017).

Highest Paying Jobs by Major

Surgeons

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Salon Academy are Surgeons, Diagnostic medical sonographers, Podiatrists, Cardiovascular technologists and technicians, and Media and communication workers, all other

The most specialized majors at Salon Academy are Personal & Culinary Services (27 degrees awarded) (as of 2017).

Common Industries by Major

Elementary & secondary schools

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Salon Academy are Elementary & secondary schools (5,586,329 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (3,275,256 people), Colleges, universities & professional schools, including junior colleges (2,452,532 people), Computer Systems Design (2,343,824 people), and Construction (1,303,670 people).

The most specialized majors at Salon Academy are Personal & Culinary Services (27 degrees awarded) (as of 2017).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Salon Academy.

General Cosmetology

Most Common (2017)

26 degrees awarded

In 2017, the most common 1 to 2 year postsecondary certificate concentration at Salon Academy was General Cosmetology with 26 degrees awarded.

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

Sex Breakdown for Common Majors

Degrees Awarded to Men

in 2017

Degrees Awarded to Women

in 2017

In 2017, 2 degrees were awarded to men at Salon Academy, which is 0.08 times less than the number of degrees awarded to females (25).

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

Most Common Male Majors

In 2017, 2 degrees were awarded to men at Salon Academy in General Cosmetology, which is 0.0833 times less than the 24 female recipients with that same degree.

Most Common Female Majors

In 2017, 24 degrees were awarded to men at Salon Academy in General Cosmetology, which is 12 times more than the 2 male recipients with that same degree.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2017)

White
24 degrees awarded
Black or African American
2 degrees awarded
Hispanic or Latino
1 degrees awarded

The most common race/ethnicity at Salon Academy is white (24 degrees awarded). There were 12 times more white recipients than the next closest race/ethnicity group, black or african american (2 degrees).

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

Race & Ethnicity by Sex

Most Common Sex Demographic (2017)

White Female
22 degrees awarded
Black or African American Female
2 degrees awarded
White Male
2 degrees awarded

The most common race/ethnicity and sex grouping at Salon Academy is white female (22 degrees awarded). There were 11 times more white female recipients than the next closest race/ethnicity group, black or african american female (2 degrees).

Operations

Salary Expenditure

$351k

2016 Salaries

18.1%

growth from 2015

In 2016, Salon Academy paid a median of $351k in salaries, a 18.1% growth from the previous year. This is compared to a 18.5% growth between 2014 and 2015.

The median for similar is 668k (13.2% of overall expenditures).

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