Hair Academy

www.thehairacademyllc.com

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2016 Average Net Price

$5,820

After Financial Aid

2019 Student Loan

4.56%

Default Rate

2016 Enrolled Students

100% Full-Time

About

Hair Academy is a higher education institution located in Montgomery County, AL. In 2016, the most popular 1 to 2 Year Postsecondary Certificate concentrations at Hair Academy were General Cosmetology (6 degrees awarded), Cosmetology, Barber, & Nail Instructor (2 degrees), and Aesthetician & Skin Care Specialist (1 degrees).

In 2016, 13 degrees were awarded across all undergraduate and graduate programs at Hair Academy. 92.3% of these degrees were awarded to women, and 7.69% awarded men. The most common race/ethnicity group of degree recipients was black or african american (10 degrees), 5 times more than then the next closest race/ethnicity group, white (2 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 $5,820.

In 2016, 100% of undergraduate students attending Hair Academy received financial aid through grants.

Average Net Price

$5,820

2016 Value

21.7%

1 Year Growth

In 2016 Hair Academy had an average net price — the price paid after factoring in grants and loans — of $5,820. Between 2015 and 2016, the average net price of Hair Academy grew by 21.7%.

This chart compares the average net price of Hair 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

100%

Undergraduates Receiving Financial Aid through Grants

100% of undergraduate students at Hair Academy received financial aid through grants or loans in 2016. This represents a growth of 5.26% with respect to 2015, when 95% of undergraduate students received financial aid.

This chart compares the average award discount at Hair 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.

4.56%

2019 Default Rate

Number of Defaults

In 2019 the default rate for borrower's at Hair Academy was 4.56%, which represents 86 out of the 1884 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

Hair Academy had a total enrollment of 11 students in 2016. The full-time enrollment at Hair Academy is 11 students and the part-time enrollment is 0. This means that 100% of students enrolled at Hair Academy are enrolled full-time.

The enrolled student population at Hair Academy, both undergraduate and graduate, is 81.8% Black or African American, 9.09% Two or More Races, and 9.09% White.

Students enrolled at Hair Academy in full-time Undergraduate programs are most commonly Black or African American Female (63.6%), followed by Black or African American Male (18.2%) and Two or More Races Female (9.09%).

Full-Time vs Part-Time Enrollment

100%

Full-Time Enrollment

The total enrollment at Hair Academy in 2016, both undergraduate and graduate, is 11 students. The full-time enrollment at Hair Academy is 11 and the part-time enrollment is 0.

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

Retention Rate over Time

100%

2016 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 Hair Academy was 100%. Compared with the full-time retention rate at similar (77%), Hair Academy had a retention rate higher than its peers.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2016)

Black or African American
9 enrolled students
Two or More Races
1 enrolled students
White
1 enrolled students

The enrolled student population at Hair Academy is 81.8% Black or African American, 9.09% Two or More Races, and 9.09% White. 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.

Graduates

In 2016, 11 more women than men received degrees from Hair Academy. The most common race/ethnicity group of degree recipients at Hair Academy is black or african american (10 degrees awarded). There were 5 times more black or african american recipients than the next closest race/ethnicity group, white (2 degrees).

The most common 1 to 2 Year Postsecondary Certificate concentration at Hair Academy is General Cosmetology (6 degrees awarded), followed by Cosmetology, Barber, & Nail Instructor (2 degrees) and Aesthetician & Skin Care Specialist (1 degrees).

In 2016, the most specialized majors across all degree types at Hair Academy, 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

Elementary & middle school teachers

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Hair Academy are Elementary & middle school teachers (2,731,503 people), Other managers (2,146,940 people), Registered nurses (1,770,878 people), Accountants & auditors (1,376,162 people), and Software developers (1,312,199 people).

The most specialized majors at Hair Academy in 2016 are Personal & Culinary Services (13 degrees awarded) (as of 2016).

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 Hair Academy are Surgeons, Podiatrists, Cardiovascular technologists and technicians, Physicians, and Media and communication workers, all other

The most specialized majors at Hair Academy are Personal & Culinary Services (13 degrees awarded) (as of 2016).

Common Industries by Major

Elementary & secondary schools

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Hair Academy are Elementary & secondary schools (5,483,119 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (3,202,014 people), Colleges, universities & professional schools, including junior colleges (2,391,445 people), Computer Systems Design (2,185,689 people), and Construction (1,229,470 people).

The most specialized majors at Hair Academy are Personal & Culinary Services (13 degrees awarded) (as of 2016).

Majors Awarded

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

Most Common (2016)

General Cosmetology
6 degree-majors awarded
Cosmetology, Barber, & Nail Instructor
2 degree-majors awarded
Aesthetician & Skin Care Specialist
1 degree-majors awarded

In 2016, the most common 1 to 2 year postsecondary certificate concentration at Hair Academy was General Cosmetology with 6 degrees awarded.

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

Sex Breakdown for Common Majors

Degrees Awarded to Men

in 2016

Degrees Awarded to Women

in 2016

In 2016, 1 degrees were awarded to men at Hair Academy, which is 0.0833 times less than the number of degrees awarded to females (12).

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

Most Common Male Majors

In 2016, 1 degrees were awarded to men at Hair Academy in Cosmetology, Barber, & Nail Instructor, which is 1 times approximately the same the 1 female recipients with that same degree.

Most Common Female Majors

In 2016, 6 degrees were awarded to women at Hair Academy in General Cosmetology. There were no male recipients with the same degree.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2016)

Black or African American
10 degrees awarded
White
2 degrees awarded
Asian
1 degrees awarded

The most common race/ethnicity at Hair Academy is black or african american (10 degrees awarded). There were 5 times more black or african american recipients than the next closest race/ethnicity group, white (2 degrees).

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

Race & Ethnicity by Sex

Most Common Sex Demographic (2016)

Black or African American Female
9 degrees awarded
White Female
2 degrees awarded
Asian Female
1 degrees awarded

The most common race/ethnicity and sex grouping at Hair Academy is black or african american female (9 degrees awarded). There were 4.5 times more black or african american female recipients than the next closest race/ethnicity group, white female (2 degrees).

Operations

Salary Expenditure

$11.5k

2016 Salaries

57.6%

growth from 2015

In 2016, Hair Academy paid a median of $11.5k in salaries, a 57.6% growth from the previous year.

The median for similar is 597k (12.9% of overall expenditures).

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