Innovate Salon Academy

www.innovatesalonacademy.com

Add Comparison
2023 Average Net Price
$37,161
After Financial Aid
2021 Default Rate
0%
on Student Loans
2023 Enrolled Students
247
64.8% Full-Time

About

Innovate Salon Academy is a higher education institution located in Middlesex County, NJ. In 2023, the most popular Certificate of at least 1 but less than 2 academic years concentrations at Innovate Salon Academy were Aesthetician & Skin Care Specialist (113 degrees awarded) and Cosmetology, Barber, & Nail Instructor (1 degrees).

In 2023, 194 degrees were awarded across all undergraduate and graduate programs at Innovate Salon Academy. 90.7% of these degrees were awarded to women, and 9.28% awarded men. The most common race/ethnicity group of degree recipients was hispanic or latino (84 degrees), 1.45 times more than then the next closest race/ethnicity group, white (58 degrees).

In 2021 the default rate for borrower's at Innovate Salon Academy was 0%, corresponding to 0 out of the 165 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 $37,161.

In 2023, 49% of undergraduate students attending Innovate Salon Academy received financial aid through grants. Comparatively, 59% of undergraduate students received financial aid through loans.

Average Net Price

$37,161
2023 Value
227%
1 Year Growth

In 2023 Innovate Salon Academy had an average net price — the price paid after factoring in grants and loans — of $37,161. Between 2022 and 2023, the average net price of Innovate Salon Academy grew by 227%.

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.

View Data
Save Image

Financial Aid by Income Level

49%
Undergraduates Receiving Financial Aid through Grants
59%
Undergraduates Receiving Financial Aid through Loans

49% of undergraduate students at Innovate Salon Academy received financial aid through grants or loans in 2023. This represents a growth of 6.52% with respect to 2022, when 46% 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.

View Data
Save Image

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.
0%
2021 Default Rate
0
Number of Defaults

In 2021 the default rate for borrower's at Innovate Salon Academy was 0%, which represents 0 out of the 165 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.

View Data
Save Image

Enrollment

Innovate Salon Academy had a total enrollment of 247 students in 2023. The full-time enrollment at Innovate Salon Academy is 160 students and the part-time enrollment is 87. This means that 64.8% of students enrolled at Innovate Salon Academy are enrolled full-time.

The enrolled student population at Innovate Salon Academy, both undergraduate and graduate, is 53.4% Hispanic or Latino, 22.7% White, 16.2% Black or African American, 4.05% Asian, and 3.24% Two or More Races.

Students enrolled at Innovate Salon Academy in full-time Undergraduate programs are most commonly Hispanic or Latino Female (42%), followed by White Female (22.3%) and Black or African American Female (14.1%).

Full-Time vs Part-Time Enrollment

64.8%
Full-Time Enrollment

The total enrollment at Innovate Salon Academy in 2023, both undergraduate and graduate, is 247 students. The full-time enrollment at Innovate Salon Academy is 160 and the part-time enrollment is 87.

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

View Data
Save Image

Retention Rate over Time

98%
2023 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 98%.

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

View Data
Save Image

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)
  1. Hispanic or Latino
    132 enrolled students
  2. White
    56 enrolled students
  3. Black or African American
    40 enrolled students

The enrolled student population at Innovate Salon Academy is 53.4% Hispanic or Latino, 22.7% White, 16.2% Black or African American, 4.05% Asian, and 3.24% Two or More Races. This includes both full-time and part-time students as well as graduate and undergraduates.

View Data
Save Image

Graduates

In 2023, 158 more women than men received degrees from Innovate Salon Academy. The most common race/ethnicity group of degree recipients at Innovate Salon Academy is hispanic or latino (84 degrees awarded). There were 1.45 times more hispanic or latino recipients than the next closest race/ethnicity group, white (58 degrees).

The most common Certificate of at least 1 but less than 2 academic years concentration at Innovate Salon Academy is Aesthetician & Skin Care Specialist (113 degrees awarded), followed by Cosmetology, Barber, & Nail Instructor (1 degrees).

In 2023,  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 (194 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 (7,906 people), Cooks (2,655 people), Morticians, undertakers, & funeral directors (2,587 people), Food service managers (2,017 people), and Customer service representatives (1,079 people).

The most specialized majors at Innovate Salon Academy in 2023 are Personal & Culinary Services (194 degrees awarded) (as of 2023).

View Data
Save Image

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, Lodging managers, Financial managers, and Industrial production managers

The most specialized majors at Innovate Salon Academy are Personal & Culinary Services (194 degrees awarded) (as of 2023).

View Data
Save Image

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 (10,934 people), uninformed (2,945 people), Funeral homes, & cemeteries & crematories (2,828 people), Elementary & secondary schools (2,087 people), and Traveler accommodation (1,672 people).

The most specialized majors at Innovate Salon Academy are Personal & Culinary Services (194 degrees awarded) (as of 2023).

View Data
Save Image

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 (2023)
  1. Aesthetician & Skin Care Specialist
    113 degrees awarded
  2. Cosmetology, Barber, & Nail Instructor
    1 degrees awarded

In 2023, the most common N/A concentration at Innovate Salon Academy was Aesthetician & Skin Care Specialist with 113 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from N/A programs at Innovate Salon Academy according to their major.

View Data
Save Image

Sex Breakdown for Common Majors

18
Degrees Awarded to Men
in 2023
176
Degrees Awarded to Women
in 2023

In 2023, 18 degrees were awarded to men at Innovate Salon Academy, which is 0.102 times less than the number of degrees awarded to females (176).

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

View Data
Save Image

Most Common Male Majors

In 2023, 16 degrees were awarded to men at Innovate Salon Academy in Barbering, which is 4 times more than the 4 female recipients with that same degree.

View Data
Save Image

Most Common Female Majors

In 2023, 113 degrees were awarded to women at Innovate Salon Academy in Aesthetician & Skin Care Specialist. There were no male recipients with the same degree.

View Data
Save Image

Time to Complete

24%
100% Completion Time
96%
150% Completion Time

In 2023, 24% of students graduating from Innovate Salon Academy completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 96% completed their degrees within 150% of the normal time, and 96% 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.

View Data
Save Image

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)
  1. Hispanic or Latino
    84 degrees awarded
  2. White
    58 degrees awarded
  3. Black or African American
    40 degrees awarded

The most common race/ethnicity at Innovate Salon Academy is hispanic or latino (84 degrees awarded). There were 1.45 times more hispanic or latino recipients than the next closest race/ethnicity group, white (58 degrees).

0.515% of degree recipients (1 students) did not report their race.

View Data
Save Image

Race & Ethnicity by Sex

Most Common Sex Demographic (2023)
  1. Hispanic or Latino Female
    78 degrees awarded
  2. White Female
    52 degrees awarded
  3. Black or African American Female
    34 degrees awarded

The most common race/ethnicity and sex grouping at Innovate Salon Academy is hispanic or latino female (78 degrees awarded). There were 1.5 times more hispanic or latino female recipients than the next closest race/ethnicity group, white female (52 degrees).

View Data
Save Image

Operations

Salary Expenditure

$1.1M
2023 Salaries
11.7%
decline from 2022

In 2023, Innovate Salon Academy paid a median of $1.1M in salaries, a 11.7% decline from the previous year. This is compared to a 47.1% growth between 2021 and 2022, and a 30.3% decline between 2020 and 2021.

View Data
Save Image