The Salon Professional Academy (462345)

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2022 Average Net Price
$15,096
After Financial Aid
2019 Default Rate
5.08%
on Student Loans
2022 Enrolled Students
35
51.4% Full-Time

About

The Salon Professional Academy (462345) is a higher education institution located in Will County, IL. In 2022, the most popular 1 to 2 Year Postsecondary Certificate concentrations at The Salon Professional Academy (462345) were General Cosmetology (13 degrees awarded).

In 2021, 22 degrees were awarded across all undergraduate and graduate programs at The Salon Professional Academy (462345). 100% of these degrees were awarded to women, and 0% awarded men. The most common race/ethnicity group of degree recipients was white (7 degrees), 1.75 times more than then the next closest race/ethnicity group, two or more races (4 degrees).

In 2019 the default rate for borrower's at The Salon Professional Academy (462345) was 5.08%, corresponding to 3 out of the 59 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 $15,096.

In 2022, 55% of undergraduate students attending The Salon Professional Academy (462345) received financial aid through grants. Comparatively, 68% of undergraduate students received financial aid through loans.

Average Net Price

$15,096
2022 Value
16.4%
1 Year Growth

In 2022 The Salon Professional Academy (462345) had an average net price — the price paid after factoring in grants and loans — of $15,096. Between 2021 and 2022, the average net price of The Salon Professional Academy (462345) grew by 16.4%.

This chart compares the average net price of The Salon Professional Academy (462345) (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

55%
Undergraduates Receiving Financial Aid through Grants
68%
Undergraduates Receiving Financial Aid through Loans

55% of undergraduate students at The Salon Professional Academy (462345) received financial aid through grants or loans in 2022. This represents a growth of 71.9% with respect to 2021, when 32% of undergraduate students received financial aid.

This chart compares the average award discount at The Salon Professional Academy (462345) (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.
5.08%
2019 Default Rate
3
Number of Defaults

In 2019 the default rate for borrower's at The Salon Professional Academy (462345) was 5.08%, which represents 3 out of the 59 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

The Salon Professional Academy (462345) had a total enrollment of 35 students in 2022. The full-time enrollment at The Salon Professional Academy (462345) is 18 students and the part-time enrollment is 17. This means that 51.4% of students enrolled at The Salon Professional Academy (462345) are enrolled full-time.

The enrolled student population at The Salon Professional Academy (462345), both undergraduate and graduate, is 51.4% White, 22.9% Hispanic or Latino, 14.3% Two or More Races, 5.71% Black or African American, 2.86% Asian, and 2.86% Native Hawaiian or Other Pacific Islanders.

Students enrolled at The Salon Professional Academy (462345) in full-time Undergraduate programs are most commonly White Female (72.2%), followed by Two or More Races Female (16.7%) and Hispanic or Latino Female (11.1%).

Full-Time vs Part-Time Enrollment

51.4%
Full-Time Enrollment

The total enrollment at The Salon Professional Academy (462345) in 2022, both undergraduate and graduate, is 35 students. The full-time enrollment at The Salon Professional Academy (462345) is 18 and the part-time enrollment is 17.

This chart shows the full-time vs part-time enrollment status at The Salon Professional Academy (462345) (in red) compares to similar universities.

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Retention Rate over Time

67%
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 Salon Professional Academy (462345) was 67%.

This chart shows the retention rate over time at The Salon Professional Academy (462345) (highlighted in red) compares to similar universities.

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2022)
  1. White
    18 enrolled students
  2. Hispanic or Latino
    8 enrolled students
  3. Two or More Races
    5 enrolled students

The enrolled student population at The Salon Professional Academy (462345) is 51.4% White, 22.9% Hispanic or Latino, 14.3% Two or More Races, 5.71% Black or African American, 2.86% Asian, and 2.86% Native Hawaiian or Other Pacific Islanders. This includes both full-time and part-time students as well as graduate and undergraduates.

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Graduates

In 2021, 22 more women than men received degrees from The Salon Professional Academy (462345). The most common race/ethnicity group of degree recipients at The Salon Professional Academy (462345) is white (7 degrees awarded). There were 1.75 times more white recipients than the next closest race/ethnicity group, two or more races (4 degrees).

The most common 1 to 2 Year Postsecondary Certificate concentration at The Salon Professional Academy (462345) is General Cosmetology (13 degrees awarded).

In 2022,  the most specialized majors across all degree types at The Salon Professional Academy (462345), meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Personal & Culinary Services (13 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 Salon Professional Academy (462345) 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 Salon Professional Academy (462345) in 2022 are Personal & Culinary Services (13 degrees awarded) (as of 2022).

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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 The Salon Professional Academy (462345) are Chief executives & legislators, Lawyers, & judges, magistrates, & other judicial workers, Lodging managers, Financial managers, and Management analysts

The most specialized majors at The Salon Professional Academy (462345) are Personal & Culinary Services (13 degrees awarded) (as of 2022).

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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 The Salon Professional Academy (462345) 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 Salon Professional Academy (462345) are Personal & Culinary Services (13 degrees awarded) (as of 2022).

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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 The Salon Professional Academy (462345).
General Cosmetology
Most Common (2022)
13 degrees awarded

In 2022, the most common 1 to 2 year postsecondary certificate concentration at The Salon Professional Academy (462345) 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 Salon Professional Academy (462345) according to their major.

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Sex Breakdown for Common Majors

0
Degrees Awarded to Men
in 2021
22
Degrees Awarded to Women
in 2021

In 2021, 0 degrees were awarded to men at The Salon Professional Academy (462345), which is 0 times less than the number of degrees awarded to females (22).

This chart displays the sex disparity between the top 5 majors at The Salon Professional Academy (462345) by degrees awarded.

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Most Common Female Majors

In 2022, 13 degrees were awarded to women at The Salon Professional Academy (462345) in General Cosmetology. There were no male recipients with the same degree.

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Time to Complete

27%
100% Completion Time
53%
150% Completion Time

In 2022, 27% of students graduating from The Salon Professional Academy (462345) completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 53% completed their degrees within 150% of the normal time, and 67% 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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Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2022)
  1. White
    7 degrees awarded
  2. Two or More Races
    4 degrees awarded
  3. Hispanic or Latino
    1 degrees awarded

The most common race/ethnicity at The Salon Professional Academy (462345) is white (7 degrees awarded). There were 1.75 times more white recipients than the next closest race/ethnicity group, two or more races (4 degrees).

7.69% of degree recipients (1 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic (2022)
  1. White Female
    7 degrees awarded
  2. Two or More Races Female
    4 degrees awarded
  3. Hispanic or Latino Female
    1 degrees awarded

The most common race/ethnicity and sex grouping at The Salon Professional Academy (462345) is white female (7 degrees awarded). There were 1.75 times more white female recipients than the next closest race/ethnicity group, two or more races female (4 degrees).

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Operations

Salary Expenditure

$388k
2022 Salaries
11.8%
growth from 2021

In 2022, The Salon Professional Academy (462345) paid a median of $388k in salaries, a 11.8% growth from the previous year. This is compared to a 8.74% decline between 2020 and 2021, and a 32.5% decline between 2019 and 2020.

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

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