Summit Salon Academy (457572)

www.andersonsalonacademy.com/

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2021 Average Net Price

$15,708

After Financial Aid

2021 Enrolled Students

124

100% Full-Time

About

Summit Salon Academy (457572) is a higher education institution located in Madison County, IN. In 2021, the most popular 1 to 2 Year Postsecondary Certificate concentrations at Summit Salon Academy (457572) were General Cosmetology (47 degrees awarded) and Cosmetology, Barber, & Nail Instructor (1 degrees).

In 2021, 96 degrees were awarded across all undergraduate and graduate programs at Summit Salon Academy (457572). 97.9% of these degrees were awarded to women, and 2.08% awarded men. The most common race/ethnicity group of degree recipients was white (91 degrees), 45.5 times more than then the next closest race/ethnicity group, hispanic or latino (2 degrees).

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 $15,708.

In 2021, 47% of undergraduate students attending Summit Salon Academy (457572) received financial aid through grants. Comparatively, 59% of undergraduate students received financial aid through loans.

Average Net Price

$15,708

2021 Value

11.3%

1 Year Growth

In 2021 Summit Salon Academy (457572) had an average net price — the price paid after factoring in grants and loans — of $15,708. Between 2020 and 2021, the average net price of Summit Salon Academy (457572) grew by 11.3%.

This chart compares the average net price of Summit Salon Academy (457572) (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

47%

Undergraduates Receiving Financial Aid through Grants

59%

Undergraduates Receiving Financial Aid through Loans

47% of undergraduate students at Summit Salon Academy (457572) received financial aid through grants or loans in 2021. This represents a decline of 13% with respect to 2020, when 54% of undergraduate students received financial aid.

This chart compares the average award discount at Summit Salon Academy (457572) (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.

2019 Default Rate

Number of Defaults

In 2019 the default rate for borrower's at Summit Salon Academy (457572) was 0%, which represents 0 out of the 66 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

Summit Salon Academy (457572) had a total enrollment of 124 students in 2021. The full-time enrollment at Summit Salon Academy (457572) is 124 students and the part-time enrollment is 0. This means that 100% of students enrolled at Summit Salon Academy (457572) are enrolled full-time.

The enrolled student population at Summit Salon Academy (457572), both undergraduate and graduate, is 88.7% White, 8.06% Black or African American, 1.61% Hispanic or Latino, 0.806% Asian, and 0.806% Two or More Races.

Students enrolled at Summit Salon Academy (457572) in full-time Undergraduate programs are most commonly White Female (86.3%), followed by Black or African American Female (6.45%) and White Male (2.42%).

Full-Time vs Part-Time Enrollment

100%

Full-Time Enrollment

The total enrollment at Summit Salon Academy (457572) in 2021, both undergraduate and graduate, is 124 students. The full-time enrollment at Summit Salon Academy (457572) is 124 and the part-time enrollment is 0.

This chart shows the full-time vs part-time enrollment status at Summit Salon Academy (457572) (in red) compares to similar universities.

Retention Rate over Time

81%

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 Summit Salon Academy (457572) was 81%. Compared with the full-time retention rate at similar (77%), Summit Salon Academy (457572) had a retention rate higher than its peers.

This chart shows the retention rate over time at Summit Salon Academy (457572) (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2021)

White
110 enrolled students
Black or African American
10 enrolled students
Hispanic or Latino
2 enrolled students

The enrolled student population at Summit Salon Academy (457572) is 88.7% White, 8.06% Black or African American, 1.61% Hispanic or Latino, 0.806% Asian, and 0.806% Two or More Races. 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.

Graduates

In 2021, 92 more women than men received degrees from Summit Salon Academy (457572). The most common race/ethnicity group of degree recipients at Summit Salon Academy (457572) is white (91 degrees awarded). There were 45.5 times more white recipients than the next closest race/ethnicity group, hispanic or latino (2 degrees).

The most common 1 to 2 Year Postsecondary Certificate concentration at Summit Salon Academy (457572) is General Cosmetology (47 degrees awarded), followed by Cosmetology, Barber, & Nail Instructor (1 degrees).

In 2021, the most specialized majors across all degree types at Summit Salon Academy (457572), meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Personal & Culinary Services (96 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 Summit Salon Academy (457572) 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 Summit Salon Academy (457572) in 2021 are Personal & Culinary Services (96 degrees awarded) (as of 2021).

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 Summit Salon Academy (457572) are Chief executives & legislators, Lawyers, & judges, magistrates, & other judicial workers, Industrial production managers, Management analysts, and Education administrators

The most specialized majors at Summit Salon Academy (457572) are Personal & Culinary Services (96 degrees awarded) (as of 2021).

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 Summit Salon Academy (457572) 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 Summit Salon Academy (457572) are Personal & Culinary Services (96 degrees awarded) (as of 2021).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Summit Salon Academy (457572).

Most Common (2021)

General Cosmetology
47 degree-majors awarded
Cosmetology, Barber, & Nail Instructor
1 degree-majors awarded

In 2021, the most common 1 to 2 year postsecondary certificate concentration at Summit Salon Academy (457572) was General Cosmetology with 47 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from 1 to 2 year postsecondary certificate programs at Summit Salon Academy (457572) according to their major.

Sex Breakdown for Common Majors

Degrees Awarded to Men

in 2021

Degrees Awarded to Women

in 2021

In 2021, 2 degrees were awarded to men at Summit Salon Academy (457572), which is 0.0213 times less than the number of degrees awarded to females (94).

This chart displays the sex disparity between the top 5 majors at Summit Salon Academy (457572) by degrees awarded.

Most Common Male Majors

In 2021, 2 degrees were awarded to men at Summit Salon Academy (457572) in General Cosmetology, which is 0.0444 times less than the 45 female recipients with that same degree.

Most Common Female Majors

In 2021, 45 degrees were awarded to men at Summit Salon Academy (457572) in General Cosmetology, which is 22.5 times more than the 2 male recipients with that same degree.

Time to Complete

26%

100% Completion Time

94%

150% Completion Time

In 2021, 26% of students graduating from Summit Salon Academy (457572) completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 94% completed their degrees within 150% of the normal time, and 94% 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.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2021)

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

The most common race/ethnicity at Summit Salon Academy (457572) is white (91 degrees awarded). There were 45.5 times more white recipients than the next closest race/ethnicity group, hispanic or latino (2 degrees).

1.04% of degree recipients (1 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2021)

White Female
89 degrees awarded
Hispanic or Latino Female
2 degrees awarded
White Male
2 degrees awarded

The most common race/ethnicity and sex grouping at Summit Salon Academy (457572) is white female (89 degrees awarded). There were 44.5 times more white female recipients than the next closest race/ethnicity group, hispanic or latino female (2 degrees).