Innovate Salon Academy

www.innovatesalonacademy.com/

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2021 Average Net Price

$12,468

After Financial Aid

2019 Student Loan

2.38%

Default Rate

2021 Enrolled Students

184

73.9% Full-Time

About

Innovate Salon Academy is a higher education institution located in Middlesex County, NJ. In 2021, the most popular 1 to 2 Year Postsecondary Certificate concentrations at Innovate Salon Academy were General Cosmetology (58 degrees awarded) and Barbering (22 degrees).

In 2021, 145 degrees were awarded across all undergraduate and graduate programs at Innovate Salon Academy. 86.9% of these degrees were awarded to women, and 13.1% awarded men. The most common race/ethnicity group of degree recipients was white (50 degrees), 1.19 times more than then the next closest race/ethnicity group, hispanic or latino (42 degrees).

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 $12,468.

In 2021, 47% of undergraduate students attending Innovate Salon Academy received financial aid through grants. Comparatively, 45% of undergraduate students received financial aid through loans.

Average Net Price

$12,468

2021 Value

54%

1 Year Growth

In 2021 Innovate Salon Academy had an average net price — the price paid after factoring in grants and loans — of $12,468. Between 2020 and 2021, the average net price of Innovate Salon Academy grew by 54%.

This chart compares the average net price of Innovate Salon Academy (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

47%

Undergraduates Receiving Financial Aid through Grants

45%

Undergraduates Receiving Financial Aid through Loans

47% of undergraduate students at Innovate Salon Academy received financial aid through grants or loans in 2021. This represents a decline of 7.84% with respect to 2020, when 51% of undergraduate students received financial aid.

This chart compares the average award discount at Innovate Salon Academy (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.

2.38%

2019 Default Rate

Number of Defaults

In 2019 the default rate for borrower's at Innovate Salon Academy was 2.38%, which represents 3 out of the 126 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

Innovate Salon Academy had a total enrollment of 184 students in 2021. The full-time enrollment at Innovate Salon Academy is 136 students and the part-time enrollment is 48. This means that 73.9% of students enrolled at Innovate Salon Academy are enrolled full-time.

The enrolled student population at Innovate Salon Academy, both undergraduate and graduate, is 34.8% Hispanic or Latino, 29.9% White, 26.6% Black or African American, 2.17% Two or More Races, 1.09% Asian, and 0.543% American Indian or Alaska Native.

Students enrolled at Innovate Salon Academy in full-time Undergraduate programs are most commonly White Female (27.9%), followed by Hispanic or Latino Female (26.5%) and Black or African American Female (22.1%).

Full-Time vs Part-Time Enrollment

73.9%

Full-Time Enrollment

The total enrollment at Innovate Salon Academy in 2021, both undergraduate and graduate, is 184 students. The full-time enrollment at Innovate Salon Academy is 136 and the part-time enrollment is 48.

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

Retention Rate over Time

100%

2021 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 Innovate Salon Academy was 100%. Compared with the full-time retention rate at similar (77%), Innovate Salon Academy had a retention rate higher than its peers.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2021)

Hispanic or Latino
64 enrolled students
White
55 enrolled students
Black or African American
49 enrolled students

The enrolled student population at Innovate Salon Academy is 34.8% Hispanic or Latino, 29.9% White, 26.6% Black or African American, 2.17% Two or More Races, 1.09% Asian, and 0.543% 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 34.9% White, 24.8% Hispanic or Latino, and 17.5% Black or African American.

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, 8 students (4.35%) did not report their race.

Graduates

In 2021, 107 more women than men received degrees from Innovate Salon Academy. The most common race/ethnicity group of degree recipients at Innovate Salon Academy is white (50 degrees awarded). There were 1.19 times more white recipients than the next closest race/ethnicity group, hispanic or latino (42 degrees).

The most common 1 to 2 Year Postsecondary Certificate concentration at Innovate Salon Academy is General Cosmetology (58 degrees awarded), followed by Barbering (22 degrees).

In 2021, the most specialized majors across all degree types at Innovate Salon Academy, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Personal & Culinary Services (145 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 Innovate Salon Academy are Chefs & head cooks (8,549 people), Cooks (3,412 people), Morticians, undertakers, & funeral directors (2,945 people), Food service managers (2,679 people), and Firstline supervisors of food preparation & serving workers (1,125 people).

The most specialized majors at Innovate Salon Academy in 2021 are Personal & Culinary Services (145 degrees awarded) (as of 2021).

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 Innovate Salon Academy are Chief executives & legislators, Lawyers, & judges, magistrates, & other judicial workers, Industrial production managers, Management analysts, and Education administrators

The most specialized majors at Innovate Salon Academy are Personal & Culinary Services (145 degrees awarded) (as of 2021).

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 Innovate Salon Academy are Restaurants & Food Services (13,061 people), Funeral homes, & cemeteries & crematories (3,181 people), Traveler accommodation (1,866 people), Elementary & secondary schools (1,721 people), and Construction (1,402 people).

The most specialized majors at Innovate Salon Academy are Personal & Culinary Services (145 degrees awarded) (as of 2021).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Innovate Salon Academy.

Most Common (2021)

General Cosmetology
58 degree-majors awarded
Barbering
22 degree-majors awarded

In 2021, the most common 1 to 2 year postsecondary certificate concentration at Innovate Salon Academy was General Cosmetology with 58 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from 1 to 2 year postsecondary certificate programs at Innovate Salon Academy according to their major.

Sex Breakdown for Common Majors

Degrees Awarded to Men

in 2021

126

Degrees Awarded to Women

in 2021

In 2021, 19 degrees were awarded to men at Innovate Salon Academy, which is 0.151 times less than the number of degrees awarded to females (126).

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

Most Common Male Majors

In 2021, 16 degrees were awarded to men at Innovate Salon Academy in Barbering, which is 2.67 times more than the 6 female recipients with that same degree.

Most Common Female Majors

In 2021, 60 degrees were awarded to men at Innovate Salon Academy in Aesthetician & Skin Care Specialist, which is 60 times more than the 1 male recipients with that same degree.

Time to Complete

62%

100% Completion Time

87%

150% Completion Time

In 2021, 62% of students graduating from Innovate Salon Academy completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 87% completed their degrees within 150% of the normal time, and 87% 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 (2021)

White
50 degrees awarded
Hispanic or Latino
42 degrees awarded
Black or African American
31 degrees awarded

The most common race/ethnicity at Innovate Salon Academy is white (50 degrees awarded). There were 1.19 times more white recipients than the next closest race/ethnicity group, hispanic or latino (42 degrees).

11% of degree recipients (16 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2021)

White Female
46 degrees awarded
Hispanic or Latino Female
35 degrees awarded
Black or African American Female
30 degrees awarded

The most common race/ethnicity and sex grouping at Innovate Salon Academy is white female (46 degrees awarded). There were 1.31 times more white female recipients than the next closest race/ethnicity group, hispanic or latino female (35 degrees).