Summit Salon Academy-Lexington

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2020 Average Net Price
$11,087
After Financial Aid
2018 Student Loan
27.6%
Default Rate
2020 Enrolled Students
54
100% Full-Time

About

Summit Salon Academy-Lexington is a higher education institution located in Fayette County, KY. In 2016, the most popular Bachelor's Degree concentrations at Summit Salon Academy-Lexington were .

In 2020, 79 degrees were awarded across all undergraduate and graduate programs at Summit Salon Academy-Lexington. 98.7% of these degrees were awarded to women, and 1.27% awarded men. The most common race/ethnicity group of degree recipients was white (53 degrees), 3.12 times more than then the next closest race/ethnicity group, black or african american (17 degrees).

The median undergraduate tuition at Summit Salon Academy-Lexington is $0, which is $−11,500 less than the national average for ($11,500).

Costs

The median undergraduate tuition at Summit Salon Academy-Lexington is $0, which is $−11,500 less than the national average for ($11,500).

After taking grants and loans into account, the average net price for students is $11,087.

In 2020, 76% of undergraduate students attending Summit Salon Academy-Lexington received financial aid through grants. Comparatively, 82% of undergraduate students received financial aid through loans.

Average Net Price

$11,087
2020 Value
5.56%
1 Year Growth

In 2020 Summit Salon Academy-Lexington had an average net price — the price paid after factoring in grants and loans — of $11,087. Between 2019 and 2020, the average net price of Summit Salon Academy-Lexington grew by 5.56%.

This chart compares the average net price of Summit Salon Academy-Lexington (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

Financial Aid by Income Level

76%
Undergraduates Receiving Financial Aid through Grants
82%
Undergraduates Receiving Financial Aid through Loans

76% of undergraduate students at Summit Salon Academy-Lexington received financial aid through grants or loans in 2020. This represents a growth of 33.3% with respect to 2019, when 57% of undergraduate students received financial aid.

This chart compares the average award discount at Summit Salon Academy-Lexington (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.
27.6%
2018 Default Rate
24
Number of Defaults

In 2018 the default rate for borrower's at Summit Salon Academy-Lexington was 27.6%, which represents 24 out of the 87 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

Summit Salon Academy-Lexington has a total enrollment of 54 students. The full-time enrollment at Summit Salon Academy-Lexington is 54 students and the part-time enrollment is 0. This means that 100% of students enrolled at Summit Salon Academy-Lexington are enrolled full-time.

The enrolled student population at Summit Salon Academy-Lexington, both undergraduate and graduate, is 74.1% White, 13% Black or African American, 9.26% Two or More Races, 1.85% Hispanic or Latino, 0% Asian, 0% Native Hawaiian or Other Pacific Islanders, and 0% American Indian or Alaska Native.

Students enrolled at Summit Salon Academy-Lexington in full-time Undergraduate programs are most commonly White Female (74.1%), followed by Black or African American Female (13%) and Two or More Races Female (9.26%). Students enrolled in full-time Graduate programs are most commonly N/A, followed by N/A and N/A.

Full-Time vs Part-Time Enrollment

100%
Full-Time Enrollment

The total enrollment at Summit Salon Academy-Lexington, both undergraduate and graduate, is 54 students. The full-time enrollment at Summit Salon Academy-Lexington is 54 and the part-time enrollment is 0. This means that 100% of students enrolled at Summit Salon Academy-Lexington are enrolled full-time compared with 65.9% at similar .

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

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Retention Rate over Time

83%
2020 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-Lexington was 83%. Compared with the full-time retention rate at similar (77%), Summit Salon Academy-Lexington had a retention rate higher than its peers.

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

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity
  1. White
    40
  2. Black or African American
    7
  3. Two or More Races
    5

The enrolled student population at Summit Salon Academy-Lexington is 74.1% White, 13% Black or African American, 9.26% Two or More Races, 1.85% Hispanic or Latino, 0% Asian, 0% Native Hawaiian or Other Pacific Islanders, and 0% American Indian or Alaska Native. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all is 37.9% White, 24.6% Hispanic or Latino, and 18.7% Black or African American.

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Graduates

In 2020, 77 more women than men received degrees from Summit Salon Academy-Lexington. The most common race/ethnicity group of degree recipients at Summit Salon Academy-Lexington is white (53 degrees awarded). There were 3.12 times more white graduates than the next closest race/ethnicity group, black or african american (17 degrees).

The most common Bachelor's Degree concentration at Summit Salon Academy-Lexington is N/A, followed by N/A and N/A.

The most specialized majors across all degree types at Summit Salon Academy-Lexington, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Personal & Culinary Services (76 degrees awarded) and Education (3 degrees).

Workforce

Common Jobs by Major

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Summit Salon Academy-Lexington are Elementary & middle school teachers (1,638,781 people), Secondary school teachers (350,795 people), Education administrators (226,073 people), Special education teachers (148,848 people), and Preschool & kindergarten teachers (128,536 people).

The most specialized majors at Summit Salon Academy-Lexington are Personal & Culinary Services (76 degrees awarded) and Education (3 degrees).

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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 Summit Salon Academy-Lexington are Chief executives & legislators, Physicians, Surgeons, Podiatrists, and Cardiovascular technologists and technicians

The most specialized majors at Summit Salon Academy-Lexington are Personal & Culinary Services (76 degrees awarded) and Education (3 degrees).

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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 Summit Salon Academy-Lexington are Elementary & secondary schools (2,578,599 people), Colleges, universities & professional schools, including junior colleges (174,882 people), Child day care services (87,168 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (86,451 people), and Restaurants & Food Services (49,464 people).

The most specialized majors at Summit Salon Academy-Lexington are Personal & Culinary Services (76 degrees awarded) and Education (3 degrees).

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Degrees

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-Lexington.
Most Common
  1. N/A
    N/A degree-majorss awarded
  2. N/A
    N/A degree-majorss awarded
  3. N/A
    N/A degree-majorss awarded

In false, the most common bachelors degree concentration at Summit Salon Academy-Lexington was N/A with N/A degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from bachelors degree programs at Summit Salon Academy-Lexington according to their major.

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Sex Breakdown for Common Majors

1
Degrees Awarded to Men
in 2020
78
Degrees Awarded to Women
in 2020

In 2020, 1 degrees were awarded to men at Summit Salon Academy-Lexington, which is 0.0128 times less than the number of degrees awarded to females (78).

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

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Most Common Male Majors

In false, 1 degrees were awarded to men at Summit Salon Academy-Lexington in Nail Specialist & Manicurist, which is 0.125 times less than the 8 female recipients with that same degree.

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Most Common Female Majors

In false, 46 degrees were awarded to women at Summit Salon Academy-Lexington in Aesthetician & Skin Care Specialist, which is NaNy times more than the 0 male recipients with that same degree.

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Time to Complete

2%
100% Completion Time
3%
150% Completion Time

In 2020, 2% of students graduating from Summit Salon Academy-Lexington completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 3% completed their degrees within 150% of the normal time, and 4% 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.

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Diversity

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.
N/A
Highest Graduation Rate (N/A%)

The student demographic with the highest graduation rate at Summit Salon Academy-Lexington is N/A and N/A (N/A% graduation rate). Across all , Asian Female students have the highest graduation rate (72.4%).

The department of education defines graduation rate as the percentage of full-time, first-time students who received a degree or award within 150% of "normal time" to completion.

The National Center for Education Statistics (NCES) categorizes any student who is studying in the United States on a temporary basis as a "Non-Resident Alien", and the graduation rate of those students is shown in the chart below. Additionally, N/A% of graduates (N/A students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity
  1. White
    53 degrees awarded
  2. Black or African American
    17 degrees awarded
  3. Asian
    4 degrees awarded

The most common race/ethnicity at Summit Salon Academy-Lexington is white (53 degrees awarded). There were 3.12 times more white recipients than the next closest race/ethnicity group, black or african american (17 degrees).

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

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Race & Ethnicity by Sex

Most Common Sex Demographic
  1. White Female
    53 degrees awarded
  2. Black or African American Female
    17 degrees awarded
  3. Asian Female
    4 degrees awarded

The most common race/ethnicity and sex grouping at Summit Salon Academy-Lexington is white female (53 degrees awarded). There were 3.12 times more white female recipients than the next closest race/ethnicity group, black or african american female (17 degrees).

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Operations

Summit Salon Academy-Lexington has an endowment valued at nearly $N/A, as of the end of the 2020 fiscal year. The return on its endowment was of $0 (NaNN%), compared to the 0.162% average return ($14.1k on $8.7M) across all .

In 2020, Summit Salon Academy-Lexington had a total salary expenditure of $N/A. Summit Salon Academy-Lexington employs 0 N/A, 0 N/A, and 0 N/A. Most academics at Summit Salon Academy-Lexington are N/A (0), N/A(0), and N/A (0).

The most common positions for non-instructional staff at Summit Salon Academy-Lexington are: N/A, with N/A employees, N/A, with N/A employees, and N/A with N/A employees.

Finances

Endowment

0%
growth from 2019

This line chart shows how the endowment at Summit Salon Academy-Lexington (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Not applicable, not in Carnegie universe (not accredited or nondegree-granting) Carnegie Classification grouping.

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Government Grants and Contracts

Grants & Contracts
  1. $0 - Federal
  2. $0 - State
  3. $0 - Local

As of 2020, Summit Salon Academy-Lexington received $0 in grants and contracts from the federal government, $0 from state grants and contracts, and $0 from local grants and contracts.

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Expenses

Salary Expenditure

$389k
2020 Salaries
6.09%
growth from 2019

In 2020, Summit Salon Academy-Lexington paid a median of $389k in salaries, which represents NaNk% of their overall expenditure ($N/A) and a 6.09% growth from the previous year. This is compared to a 12.6% decline from 2018 and a 3.79% decline from 2017.

The median for similar is 613k (11.6% of overall expenditures).

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Instructional Salaries

$N/A
Instructional Salaries
0
Number of Employees

In N/A, Summit Salon Academy-Lexington paid a total of $N/A to 0 employees working as instructors, which represents N/A% of all salaries paid.

This is compared to a median of $348k (56.8%) for similar Unknown.

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Faculty and Staff

Occupations by Share

false
Most Common Instructor
false Employees
N/A
Most Common Non-Instructional Employee
N/A Employees

In false, the most common positions for instructional staff at Summit Salon Academy-Lexington were false with 0 employees; false with 0 employees; and false with 0 employees.

In false, the most common positions for non-instructional staff at Summit Salon Academy-Lexington were N/A with N/A employees; N/A with N/A employees; and N/A with N/A employees.

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Instructors by Academic Rank and Sex

This chart shows the sex split between each academic rank present at Summit Salon Academy-Lexington.

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