The Hair Academy LLC (220163)

www.fayettevillecollegeofcosmetologyartsandsciences.com

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2022 Average Net Price

$19,991

After Financial Aid

2020 Default Rate

7.14%

on Student Loans

2022 Enrolled Students

73.6% Full-Time

About

The Hair Academy LLC (220163) is a higher education institution located in Lincoln County, TN. In 2022, the most popular 1 to 2 Year Postsecondary Certificate concentrations at The Hair Academy LLC (220163) were General Cosmetology (13 degrees awarded).

In 2022, 28 degrees were awarded across all undergraduate and graduate programs at The Hair Academy LLC (220163). 96.4% of these degrees were awarded to women, and 3.57% awarded men. The most common race/ethnicity group of degree recipients was white (26 degrees), 13 times more than then the next closest race/ethnicity group, hispanic or latino (2 degrees).

In 2020 the default rate for borrower's at The Hair Academy LLC (220163) was 7.14%, corresponding to 5 out of the 70 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 $19,991.

In 2022, 70% of undergraduate students attending The Hair Academy LLC (220163) received financial aid through grants. Comparatively, 50% of undergraduate students received financial aid through loans.

Average Net Price

$19,991

2022 Value

8.16%

1 Year Growth

In 2022 The Hair Academy LLC (220163) had an average net price — the price paid after factoring in grants and loans — of $19,991. Between 2021 and 2022, the average net price of The Hair Academy LLC (220163) grew by 8.16%.

This chart compares the average net price of The Hair Academy LLC (220163) (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

70%

Undergraduates Receiving Financial Aid through Grants

50%

Undergraduates Receiving Financial Aid through Loans

70% of undergraduate students at The Hair Academy LLC (220163) received financial aid through grants or loans in 2022. This represents a decline of 12.5% with respect to 2021, when 80% of undergraduate students received financial aid.

This chart compares the average award discount at The Hair Academy LLC (220163) (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.

7.14%

2020 Default Rate

Number of Defaults

In 2020 the default rate for borrower's at The Hair Academy LLC (220163) was 7.14%, which represents 5 out of the 70 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

The Hair Academy LLC (220163) had a total enrollment of 72 students in 2022. The full-time enrollment at The Hair Academy LLC (220163) is 53 students and the part-time enrollment is 19. This means that 73.6% of students enrolled at The Hair Academy LLC (220163) are enrolled full-time.

The enrolled student population at The Hair Academy LLC (220163), both undergraduate and graduate, is 84.7% White, 8.33% Black or African American, 4.17% Hispanic or Latino, and 1.39% Asian.

Students enrolled at The Hair Academy LLC (220163) in full-time Undergraduate programs are most commonly White Female (88.7%), followed by Black or African American Female (3.77%) and White Male (3.77%).

Full-Time vs Part-Time Enrollment

73.6%

Full-Time Enrollment

The total enrollment at The Hair Academy LLC (220163) in 2022, both undergraduate and graduate, is 72 students. The full-time enrollment at The Hair Academy LLC (220163) is 53 and the part-time enrollment is 19.

This chart shows the full-time vs part-time enrollment status at The Hair Academy LLC (220163) (in red) compares to similar universities.

Retention Rate over Time

91%

2022 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 The Hair Academy LLC (220163) was 91%.

This chart shows the retention rate over time at The Hair Academy LLC (220163) (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2022)

White
61 enrolled students
Black or African American
6 enrolled students
Hispanic or Latino
3 enrolled students

The enrolled student population at The Hair Academy LLC (220163) is 84.7% White, 8.33% Black or African American, 4.17% Hispanic or Latino, and 1.39% Asian. This includes both full-time and part-time students as well as graduate and undergraduates.

Graduates

In 2022, 26 more women than men received degrees from The Hair Academy LLC (220163). The most common race/ethnicity group of degree recipients at The Hair Academy LLC (220163) is white (26 degrees awarded). There were 13 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 The Hair Academy LLC (220163) is General Cosmetology (13 degrees awarded).

In 2022, the most specialized majors across all degree types at The Hair Academy LLC (220163), meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Personal & Culinary Services (28 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 The Hair Academy LLC (220163) are Chefs & head cooks (8,521 people), Cooks (3,235 people), Morticians, undertakers, & funeral directors (2,785 people), Food service managers (2,333 people), and Firstline supervisors of food preparation & serving workers (1,142 people).

The most specialized majors at The Hair Academy LLC (220163) in 2022 are Personal & Culinary Services (28 degrees awarded) (as of 2022).

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 The Hair Academy LLC (220163) are Chief executives & legislators, Lawyers, & judges, magistrates, & other judicial workers, Lodging managers, Financial managers, and Management analysts

The most specialized majors at The Hair Academy LLC (220163) are Personal & Culinary Services (28 degrees awarded) (as of 2022).

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 The Hair Academy LLC (220163) 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 The Hair Academy LLC (220163) are Personal & Culinary Services (28 degrees awarded) (as of 2022).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by The Hair Academy LLC (220163).

General Cosmetology

Most Common (2022)

13 degrees awarded

In 2022, the most common 1 to 2 year postsecondary certificate concentration at The Hair Academy LLC (220163) was General Cosmetology with 13 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from 1 to 2 year postsecondary certificate programs at The Hair Academy LLC (220163) according to their major.

Sex Breakdown for Common Majors

Degrees Awarded to Men

in 2022

Degrees Awarded to Women

in 2022

In 2022, 1 degrees were awarded to men at The Hair Academy LLC (220163), which is 0.037 times less than the number of degrees awarded to females (27).

This chart displays the sex disparity between the top 5 majors at The Hair Academy LLC (220163) by degrees awarded.

Most Common Male Majors

In 2022, 1 degrees were awarded to men at The Hair Academy LLC (220163) in General Cosmetology, which is 0.0833 times less than the 12 female recipients with that same degree.

Most Common Female Majors

In 2022, 12 degrees were awarded to men at The Hair Academy LLC (220163) in General Cosmetology, which is 12 times more than the 1 male recipients with that same degree.

Time to Complete

17%

100% Completion Time

79%

150% Completion Time

In 2022, 17% of students graduating from The Hair Academy LLC (220163) completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 79% completed their degrees within 150% of the normal time, and 79% 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 (2022)

White
26 degrees awarded
Hispanic or Latino
2 degrees awarded

The most common race/ethnicity at The Hair Academy LLC (220163) is white (26 degrees awarded). There were 13 times more white recipients than the next closest race/ethnicity group, hispanic or latino (2 degrees).

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

Race & Ethnicity by Sex

Most Common Sex Demographic (2022)

White Female
25 degrees awarded
Hispanic or Latino Female
2 degrees awarded
White Male
1 degrees awarded

The most common race/ethnicity and sex grouping at The Hair Academy LLC (220163) is white female (25 degrees awarded). There were 12.5 times more white female recipients than the next closest race/ethnicity group, hispanic or latino female (2 degrees).

Operations

Salary Expenditure

$146k

2022 Salaries

8.03%

growth from 2021

In 2022, The Hair Academy LLC (220163) paid a median of $146k in salaries, a 8.03% growth from the previous year. This is compared to a 19.1% decline between 2020 and 2021, and a 20% growth between 2019 and 2020.

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

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