The Hair Academy LLC (220163)

www.fayettevillecollegeofcosmetologyartsandsciences.com

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2023 Average Net Price
$15,827
After Financial Aid
2020 Default Rate
7.14%
on Student Loans
2023 Enrolled Students
79
62% Full-Time

About

The Hair Academy LLC (220163) is a higher education institution located in Lincoln County, TN. In 2023, the most popular Certificate of at least 1 but less than 2 academic years concentrations at The Hair Academy LLC (220163) were Aesthetician & Skin Care Specialist (17 degrees awarded), Nail Specialist & Manicurist (4 degrees), and Cosmetology, Barber, & Nail Instructor (1 degrees).

In 2020 the default rate for borrower's at The Hair Academy LLC (220163) was 7.14%, corresponding to 5 out of the 70 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 $15,827.

In 2023, 85% of undergraduate students attending The Hair Academy LLC (220163) received financial aid through grants. Comparatively, 60% of undergraduate students received financial aid through loans.

Average Net Price

$15,827
2023 Value
20.8%
1 Year Growth

In 2023 The Hair Academy LLC (220163) had an average net price — the price paid after factoring in grants and loans — of $15,827. Between 2022 and 2023, the average net price of The Hair Academy LLC (220163) grew by 20.8%.

This chart compares the average net price of The Hair Academy LLC (220163) (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.

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Financial Aid by Income Level

85%
Undergraduates Receiving Financial Aid through Grants
60%
Undergraduates Receiving Financial Aid through Loans

85% of undergraduate students at The Hair Academy LLC (220163) received financial aid through grants or loans in 2023. This represents a growth of 21.4% with respect to 2022, when 70% of undergraduate students received financial aid.

This chart compares the average award discount at The Hair Academy LLC (220163) (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.

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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.
7.14%
2020 Default Rate
5
Number of Defaults

In 2020 the default rate for borrower's at The Hair Academy LLC (220163) was 7.14%, which represents 5 out of the 70 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.

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Enrollment

The Hair Academy LLC (220163) had a total enrollment of 79 students in 2023. The full-time enrollment at The Hair Academy LLC (220163) is 49 students and the part-time enrollment is 30. This means that 62% of students enrolled at The Hair Academy LLC (220163) are enrolled full-time.

The enrolled student population at The Hair Academy LLC (220163), both undergraduate and graduate, is 86.1% White, 7.59% Hispanic or Latino, and 6.33% Black or African American.

Students enrolled at The Hair Academy LLC (220163) in full-time Undergraduate programs are most commonly White Female (89.2%), followed by Black or African American Female (3.92%) and White Male (2.94%).

Full-Time vs Part-Time Enrollment

62%
Full-Time Enrollment

The total enrollment at The Hair Academy LLC (220163) in 2023, both undergraduate and graduate, is 79 students. The full-time enrollment at The Hair Academy LLC (220163) is 49 and the part-time enrollment is 30.

This chart shows the full-time vs part-time enrollment status at The Hair Academy LLC (220163) (in red) compares to similar universities.

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Retention Rate over Time

84%
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 The Hair Academy LLC (220163) was 84%.

This chart shows the retention rate over time at The Hair Academy LLC (220163) (highlighted in red) compares to similar universities.

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)
  1. White
    68 enrolled students
  2. Hispanic or Latino
    6 enrolled students
  3. Black or African American
    5 enrolled students

The enrolled student population at The Hair Academy LLC (220163) is 86.1% White, 7.59% Hispanic or Latino, and 6.33% Black or African American. This includes both full-time and part-time students as well as graduate and undergraduates.

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Graduates

In N/A, N/A N/A women than men received degrees from The Hair Academy LLC (220163). The most common race/ethnicity group of degree recipients at The Hair Academy LLC (220163) is white (30 degrees awarded). There were 15 times more white recipients than the next closest race/ethnicity group, black or african american (2 degrees).

The most common Certificate of at least 1 but less than 2 academic years concentration at The Hair Academy LLC (220163) is Aesthetician & Skin Care Specialist (17 degrees awarded), followed by Nail Specialist & Manicurist (4 degrees) and Cosmetology, Barber, & Nail Instructor (1 degrees).

In 2023,  the most specialized majors across all degree types at The Hair Academy LLC (220163), meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Personal & Culinary Services (35 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 Hair Academy LLC (220163) 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 The Hair Academy LLC (220163) in 2023 are Personal & Culinary Services (35 degrees awarded) (as of 2023).

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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 Hair Academy LLC (220163) are Surgeons, Diagnostic medical sonographers, Podiatrists, Cardiovascular technologists and technicians, and Media and communication workers, all other

The most specialized majors at The Hair Academy LLC (220163) are Personal & Culinary Services (35 degrees awarded) (as of 2023).

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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 The Hair Academy LLC (220163) are Elementary & secondary schools (5,586,329 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (3,275,256 people), Colleges, universities & professional schools, including junior colleges (2,452,532 people), Computer Systems Design (2,343,824 people), and Construction (1,303,670 people).

The most specialized majors at The Hair Academy LLC (220163) are Personal & Culinary Services (35 degrees awarded) (as of 2023).

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Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by The Hair Academy LLC (220163).
Most Common (2023)
  1. Aesthetician & Skin Care Specialist
    17 degrees awarded
  2. Nail Specialist & Manicurist
    4 degrees awarded
  3. Cosmetology, Barber, & Nail Instructor
    1 degrees awarded

In 2023, the most common N/A concentration at The Hair Academy LLC (220163) was Aesthetician & Skin Care Specialist with 17 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from N/A programs at The Hair Academy LLC (220163) according to their major.

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Time to Complete

8%
100% Completion Time
92%
150% Completion Time

In 2023, 8% of students graduating from The Hair Academy LLC (220163) completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 92% completed their degrees within 150% of the normal time, and 92% 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.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)
  1. White
    30 degrees awarded
  2. Black or African American
    2 degrees awarded
  3. Asian
    2 degrees awarded

The most common race/ethnicity at The Hair Academy LLC (220163) is white (30 degrees awarded). There were 15 times more white recipients than the next closest race/ethnicity group, black or african american (2 degrees).

2.86% of degree recipients (1 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic (2023)
  1. White Female
    30 degrees awarded
  2. Black or African American Female
    2 degrees awarded
  3. Asian Female
    2 degrees awarded

The most common race/ethnicity and sex grouping at The Hair Academy LLC (220163) is white female (30 degrees awarded). There were 15 times more white female recipients than the next closest race/ethnicity group, black or african american female (2 degrees).

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Operations

Salary Expenditure

$166k
2023 Salaries
13.7%
growth from 2022

In 2023, The Hair Academy LLC (220163) paid a median of $166k in salaries, a 13.7% growth from the previous year. This is compared to a 8.03% growth between 2021 and 2022, and a 19.1% decline between 2020 and 2021.

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

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