The Salon Professional Academy-Fargo

www.tspafargo.com

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2022 Average Net Price

$14,779

After Financial Aid

2020 Default Rate

on Student Loans

2022 Enrolled Students

122

78.7% Full-Time

2022 Graduation Rate

77.6%

38 Graduates

About

The Salon Professional Academy-Fargo is a higher education institution located in Cass County, ND. In 2022, the most popular 2 to 4 Year Postsecondary Certificate concentrations at The Salon Professional Academy-Fargo were General Cosmetology (41 degrees awarded).

In 2022, 101 degrees were awarded across all undergraduate and graduate programs at The Salon Professional Academy-Fargo. 94.1% of these degrees were awarded to women, and 5.94% awarded men. The most common race/ethnicity group of degree recipients was white (87 degrees), 17.4 times more than then the next closest race/ethnicity group, hispanic or latino (5 degrees).

In 2020 the default rate for borrower's at The Salon Professional Academy-Fargo was 0%, corresponding to 0 out of the 67 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 $14,779.

In 2022, 74% of undergraduate students attending The Salon Professional Academy-Fargo received financial aid through grants. Comparatively, 43% of undergraduate students received financial aid through loans.

Average Net Price

$14,779

2022 Value

13.8%

1 Year Growth

In 2022 The Salon Professional Academy-Fargo had an average net price — the price paid after factoring in grants and loans — of $14,779. Between 2021 and 2022, the average net price of The Salon Professional Academy-Fargo grew by 13.8%.

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

74%

Undergraduates Receiving Financial Aid through Grants

43%

Undergraduates Receiving Financial Aid through Loans

74% of undergraduate students at The Salon Professional Academy-Fargo received financial aid through grants or loans in 2022. This represents a growth of 185% with respect to 2021, when 26% of undergraduate students received financial aid.

This chart compares the average award discount at The Salon Professional Academy-Fargo (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-Fargo was 0%, which represents 0 out of the 67 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-Fargo had a total enrollment of 122 students in 2022. The full-time enrollment at The Salon Professional Academy-Fargo is 96 students and the part-time enrollment is 26. This means that 78.7% of students enrolled at The Salon Professional Academy-Fargo are enrolled full-time.

The enrolled student population at The Salon Professional Academy-Fargo, both undergraduate and graduate, is 78.7% White, 7.38% Black or African American, 4.92% Hispanic or Latino, 3.28% American Indian or Alaska Native, 2.46% Two or More Races, 1.64% Asian, and 1.64% Native Hawaiian or Other Pacific Islanders.

Students enrolled at The Salon Professional Academy-Fargo in full-time Undergraduate programs are most commonly White Female (76%), followed by Black or African American Female (5.21%) and Hispanic or Latino Female (5.21%).

Full-Time vs Part-Time Enrollment

78.7%

Full-Time Enrollment

The total enrollment at The Salon Professional Academy-Fargo in 2022, both undergraduate and graduate, is 122 students. The full-time enrollment at The Salon Professional Academy-Fargo is 96 and the part-time enrollment is 26.

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

Retention Rate over Time

92%

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-Fargo was 92%.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2022)

White
96 enrolled students
Black or African American
9 enrolled students
Hispanic or Latino
6 enrolled students

The enrolled student population at The Salon Professional Academy-Fargo is 78.7% White, 7.38% Black or African American, 4.92% Hispanic or Latino, 3.28% American Indian or Alaska Native, 2.46% Two or More Races, 1.64% Asian, and 1.64% Native Hawaiian or Other Pacific Islanders. This includes both full-time and part-time students as well as graduate and undergraduates.

Graduates

In 2022, 89 more women than men received degrees from The Salon Professional Academy-Fargo. The most common race/ethnicity group of degree recipients at The Salon Professional Academy-Fargo is white (87 degrees awarded). There were 17.4 times more white recipients than the next closest race/ethnicity group, hispanic or latino (5 degrees).

The most common 2 to 4 Year Postsecondary Certificate concentration at The Salon Professional Academy-Fargo is General Cosmetology (41 degrees awarded).

In 2022, the most specialized majors across all degree types at The Salon Professional Academy-Fargo, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Personal & Culinary Services (90 degrees awarded) and Health (11 degrees).

Common Jobs by Major

Registered nurses

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-Fargo are Registered nurses (1,394,973 people), Medical & health services managers (151,169 people), Nurse practitioners & nurse midwives (140,626 people), Pharmacists (134,087 people), and Physicians (107,616 people).

The most specialized majors at The Salon Professional Academy-Fargo in 2022 are Personal & Culinary Services (90 degrees awarded) and Health (11 degrees) (as of 2022).

Highest Paying Jobs by Major

Surgeons

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-Fargo are Surgeons, Chief executives & legislators, Physicians, Lawyers, & judges, magistrates, & other judicial workers, and Podiatrists

The most specialized majors at The Salon Professional Academy-Fargo are Personal & Culinary Services (90 degrees awarded) and Health (11 degrees) (as of 2022).

Common Industries by Major

General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals

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-Fargo are General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (1,483,204 people), Outpatient care centers (237,738 people), Elementary & secondary schools (217,353 people), Offices of physicians (202,325 people), and Colleges, universities & professional schools, including junior colleges (130,917 people).

The most specialized majors at The Salon Professional Academy-Fargo are Personal & Culinary Services (90 degrees awarded) and Health (11 degrees) (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-Fargo.

General Cosmetology

Most Common (2022)

41 degrees awarded

In 2022, the most common 2 to 4 year postsecondary certificate concentration at The Salon Professional Academy-Fargo was General Cosmetology with 41 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from 2 to 4 year postsecondary certificate programs at The Salon Professional Academy-Fargo according to their major.

Sex Breakdown for Common Majors

Degrees Awarded to Men

in 2022

Degrees Awarded to Women

in 2022

In 2022, 6 degrees were awarded to men at The Salon Professional Academy-Fargo, which is 0.0632 times less than the number of degrees awarded to females (95).

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

Most Common Male Majors

In 2022, 3 degrees were awarded to men at The Salon Professional Academy-Fargo in Massage Therapy, which is 0.375 times less than the 8 female recipients with that same degree.

Most Common Female Majors

In 2022, 39 degrees were awarded to men at The Salon Professional Academy-Fargo in General Cosmetology, which is 19.5 times more than the 2 male recipients with that same degree.

Time to Complete

41%

100% Completion Time

86%

150% Completion Time

In 2022, 41% of students graduating from The Salon Professional Academy-Fargo completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 86% completed their degrees within 150% of the normal time, and 86% 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.

Black or African American Female

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2022 at The Salon Professional Academy-Fargo is Female and Black or African American (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
87 degrees awarded
Hispanic or Latino
5 degrees awarded
Asian
4 degrees awarded

The most common race/ethnicity at The Salon Professional Academy-Fargo is white (87 degrees awarded). There were 17.4 times more white recipients than the next closest race/ethnicity group, hispanic or latino (5 degrees).

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

Race & Ethnicity by Sex

Most Common Sex Demographic (2022)

White Female
82 degrees awarded
White Male
5 degrees awarded
Asian Female
4 degrees awarded

The most common race/ethnicity and sex grouping at The Salon Professional Academy-Fargo is white female (82 degrees awarded). There were 16.4 times more white female recipients than the next closest race/ethnicity group, white male (5 degrees).

Operations

Salary Expenditure

$706k

2022 Salaries

2.89%

decline from 2021

In 2022, The Salon Professional Academy-Fargo paid a median of $706k in salaries, a 2.89% decline from the previous year. This is compared to a 12.1% decline between 2020 and 2021, and a 18.8% decline between 2019 and 2020.

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

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