The Salon Professional Academy-Colorado Springs

www.thesalonprofessionalacademycoloradosprings.com

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2022 Average Net Price

$11,811

After Financial Aid

2020 Default Rate

on Student Loans

2022 Enrolled Students

44.4% Full-Time

About

The Salon Professional Academy-Colorado Springs is a higher education institution located in El Paso County, CO. In 2022, the most popular 1 to 2 Year Postsecondary Certificate concentrations at The Salon Professional Academy-Colorado Springs were General Cosmetology (13 degrees awarded).

In 2021, 57 degrees were awarded across all undergraduate and graduate programs at The Salon Professional Academy-Colorado Springs. 100% of these degrees were awarded to women, and 0% awarded men. The most common race/ethnicity group of degree recipients was white (35 degrees), 2.5 times more than then the next closest race/ethnicity group, hispanic or latino (14 degrees).

In 2020 the default rate for borrower's at The Salon Professional Academy-Colorado Springs was 0%, corresponding to 0 out of the 81 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 $11,811.

In 2022, 41% of undergraduate students attending The Salon Professional Academy-Colorado Springs received financial aid through grants. Comparatively, 54% of undergraduate students received financial aid through loans.

Average Net Price

$11,811

2022 Value

7.91%

1 Year Growth

In 2022 The Salon Professional Academy-Colorado Springs had an average net price — the price paid after factoring in grants and loans — of $11,811. Between 2021 and 2022, the average net price of The Salon Professional Academy-Colorado Springs grew by 7.91%.

This chart compares the average net price of The Salon Professional Academy-Colorado Springs (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

41%

Undergraduates Receiving Financial Aid through Grants

54%

Undergraduates Receiving Financial Aid through Loans

41% of undergraduate students at The Salon Professional Academy-Colorado Springs received financial aid through grants or loans in 2022. This represents a growth of 28.1% with respect to 2021, when 32% of undergraduate students received financial aid.

This chart compares the average award discount at The Salon Professional Academy-Colorado Springs (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.

2020 Default Rate

Number of Defaults

In 2020 the default rate for borrower's at The Salon Professional Academy-Colorado Springs was 0%, which represents 0 out of the 81 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 Salon Professional Academy-Colorado Springs had a total enrollment of 72 students in 2022. The full-time enrollment at The Salon Professional Academy-Colorado Springs is 32 students and the part-time enrollment is 40. This means that 44.4% of students enrolled at The Salon Professional Academy-Colorado Springs are enrolled full-time.

The enrolled student population at The Salon Professional Academy-Colorado Springs, both undergraduate and graduate, is 50% White, 19.4% Hispanic or Latino, 15.3% Two or More Races, 6.94% Black or African American, 2.78% Asian, 1.39% Native Hawaiian or Other Pacific Islanders, and 1.39% American Indian or Alaska Native.

Students enrolled at The Salon Professional Academy-Colorado Springs in full-time Undergraduate programs are most commonly White Female (59.4%), followed by Two or More Races Female (12.5%) and Hispanic or Latino Female (9.38%).

Full-Time vs Part-Time Enrollment

44.4%

Full-Time Enrollment

The total enrollment at The Salon Professional Academy-Colorado Springs in 2022, both undergraduate and graduate, is 72 students. The full-time enrollment at The Salon Professional Academy-Colorado Springs is 32 and the part-time enrollment is 40.

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

Retention Rate over Time

71%

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-Colorado Springs was 71%.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2022)

White
36 enrolled students
Hispanic or Latino
14 enrolled students
Two or More Races
11 enrolled students

The enrolled student population at The Salon Professional Academy-Colorado Springs is 50% White, 19.4% Hispanic or Latino, 15.3% Two or More Races, 6.94% Black or African American, 2.78% Asian, 1.39% Native Hawaiian or Other Pacific Islanders, and 1.39% American Indian or Alaska Native. This includes both full-time and part-time students as well as graduate and undergraduates.

Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 1 students (1.39%) did not report their race.

Graduates

In 2021, 57 more women than men received degrees from The Salon Professional Academy-Colorado Springs. The most common race/ethnicity group of degree recipients at The Salon Professional Academy-Colorado Springs is white (35 degrees awarded). There were 2.5 times more white recipients than the next closest race/ethnicity group, hispanic or latino (14 degrees).

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

In 2022, the most specialized majors across all degree types at The Salon Professional Academy-Colorado Springs, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Personal & Culinary Services (67 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-Colorado Springs 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-Colorado Springs in 2022 are Personal & Culinary Services (67 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 Salon Professional Academy-Colorado Springs 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-Colorado Springs are Personal & Culinary Services (67 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 Salon Professional Academy-Colorado Springs 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-Colorado Springs are Personal & Culinary Services (67 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 Salon Professional Academy-Colorado Springs.

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-Colorado Springs 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-Colorado Springs according to their major.

Sex Breakdown for Common Majors

Degrees Awarded to Men

in 2021

Degrees Awarded to Women

in 2021

In 2021, 0 degrees were awarded to men at The Salon Professional Academy-Colorado Springs, which is 0 times less than the number of degrees awarded to females (57).

This chart displays the sex disparity between the top 5 majors at The Salon Professional Academy-Colorado Springs by degrees awarded.

Most Common Female Majors

In 2022, 35 degrees were awarded to women at The Salon Professional Academy-Colorado Springs in Aesthetician & Skin Care Specialist. There were no male recipients with the same degree.

Time to Complete

15%

100% Completion Time

72%

150% Completion Time

In 2022, 15% of students graduating from The Salon Professional Academy-Colorado Springs completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 72% completed their degrees within 150% of the normal time, and 72% 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.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

White Male

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2018 at The Salon Professional Academy-Colorado Springs is Male and White (100% graduation rate). Across all , Asian Female students have the highest graduation rate (73.2%).

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.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2022)

White
35 degrees awarded
Hispanic or Latino
14 degrees awarded
Two or More Races
8 degrees awarded

The most common race/ethnicity at The Salon Professional Academy-Colorado Springs is white (35 degrees awarded). There were 2.5 times more white recipients than the next closest race/ethnicity group, hispanic or latino (14 degrees).

1.49% of degree recipients (1 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2022)

White Female
35 degrees awarded
Hispanic or Latino Female
14 degrees awarded
Two or More Races Female
8 degrees awarded

The most common race/ethnicity and sex grouping at The Salon Professional Academy-Colorado Springs is white female (35 degrees awarded). There were 2.5 times more white female recipients than the next closest race/ethnicity group, hispanic or latino female (14 degrees).

Operations

Salary Expenditure

$232k

2022 Salaries

18.5%

decline from 2021

In 2022, The Salon Professional Academy-Colorado Springs paid a median of $232k in salaries, a 18.5% decline from the previous year. This is compared to a 17.2% decline between 2020 and 2021, and a 19% decline between 2019 and 2020.

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

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