Summit Salon Academy-Lexington

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2022 Average Net Price
$13,077
After Financial Aid
2019 Default Rate
3.95%
on Student Loans
2022 Enrolled Students
96
100% Full-Time

About

Summit Salon Academy-Lexington is a higher education institution located in Fayette County, KY. In 2022, the most popular 1 to 2 Year Postsecondary Certificate concentrations at Summit Salon Academy-Lexington were General Cosmetology (18 degrees awarded).

In 2022, 81 degrees were awarded across all undergraduate and graduate programs at Summit Salon Academy-Lexington. 98.8% of these degrees were awarded to women, and 1.23% awarded men. The most common race/ethnicity group of degree recipients was white (43 degrees), 1.59 times more than then the next closest race/ethnicity group, black or african american (27 degrees).

Costs

After taking grants and loans into account, the average net price for students is $13,077.

In 2022, 49% of undergraduate students attending Summit Salon Academy-Lexington received financial aid through grants. Comparatively, 58% of undergraduate students received financial aid through loans.

Average Net Price

$13,077
2022 Value
8.5%
1 Year Growth

In 2022 Summit Salon Academy-Lexington had an average net price — the price paid after factoring in grants and loans — of $13,077. Between 2021 and 2022, the average net price of Summit Salon Academy-Lexington grew by 8.5%.

This chart compares the average net price of Summit Salon Academy-Lexington (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

49%
Undergraduates Receiving Financial Aid through Grants
58%
Undergraduates Receiving Financial Aid through Loans

49% of undergraduate students at Summit Salon Academy-Lexington received financial aid through grants or loans in 2022. This represents a growth of 8.89% with respect to 2021, when 45% of undergraduate students received financial aid.

This chart compares the average award discount at Summit Salon Academy-Lexington (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.
3.95%
2019 Default Rate
3
Number of Defaults

In 2019 the default rate for borrower's at Summit Salon Academy-Lexington was 3.95%, which represents 3 out of the 76 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

Summit Salon Academy-Lexington had a total enrollment of 96 students in 2022. The full-time enrollment at Summit Salon Academy-Lexington is 96 students and the part-time enrollment is 0. This means that 100% of students enrolled at Summit Salon Academy-Lexington are enrolled full-time.

The enrolled student population at Summit Salon Academy-Lexington, both undergraduate and graduate, is 67.7% White, 15.6% Black or African American, 10.4% Two or More Races, 4.17% Hispanic or Latino, and 1.04% Asian.

Students enrolled at Summit Salon Academy-Lexington in full-time Undergraduate programs are most commonly White Female (66.7%), followed by Black or African American Female (15.6%) and Two or More Races Female (10.4%).

Full-Time vs Part-Time Enrollment

100%
Full-Time Enrollment

The total enrollment at Summit Salon Academy-Lexington in 2022, both undergraduate and graduate, is 96 students. The full-time enrollment at Summit Salon Academy-Lexington is 96 and the part-time enrollment is 0.

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

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Retention Rate over Time

67%
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 Summit Salon Academy-Lexington was 67%. Compared with the full-time retention rate at similar (79%), Summit Salon Academy-Lexington had a retention rate lower than its peers.

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

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2022)
  1. White
    65 enrolled students
  2. Black or African American
    15 enrolled students
  3. Two or More Races
    10 enrolled students

The enrolled student population at Summit Salon Academy-Lexington is 67.7% White, 15.6% Black or African American, 10.4% Two or More Races, 4.17% Hispanic or Latino, and 1.04% Asian. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all is 35.2% White, 26.5% Hispanic or Latino, and 17.4% Black or African American.

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Graduates

In 2022, 79 more women than men received degrees from Summit Salon Academy-Lexington. The most common race/ethnicity group of degree recipients at Summit Salon Academy-Lexington is white (43 degrees awarded). There were 1.59 times more white recipients than the next closest race/ethnicity group, black or african american (27 degrees).

The most common 1 to 2 Year Postsecondary Certificate concentration at Summit Salon Academy-Lexington is General Cosmetology (18 degrees awarded).

In 2022,  the most specialized majors across all degree types at Summit Salon Academy-Lexington, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Personal & Culinary Services (81 degrees awarded) and Education (0 degrees).

Common Jobs by Major

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Summit Salon Academy-Lexington are Elementary & middle school teachers (1,500,374 people), Secondary school teachers (421,229 people), Education administrators (230,250 people), Special education teachers (178,090 people), and Preschool & kindergarten teachers (161,256 people).

The most specialized majors at Summit Salon Academy-Lexington in 2022 are Personal & Culinary Services (81 degrees awarded) and Education (0 degrees) (as of 2022).

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Highest Paying Jobs by Major

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Summit Salon Academy-Lexington are Chief executives & legislators, Surgeons, Cardiovascular technologists and technicians, Physicians, and Lawyers, & judges, magistrates, & other judicial workers

The most specialized majors at Summit Salon Academy-Lexington are Personal & Culinary Services (81 degrees awarded) and Education (0 degrees) (as of 2022).

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Common Industries by Major

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Summit Salon Academy-Lexington are Elementary & secondary schools (2,581,242 people), Colleges, universities & professional schools, including junior colleges (178,628 people), Child day care services (92,418 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (87,089 people), and Restaurants & Food Services (46,931 people).

The most specialized majors at Summit Salon Academy-Lexington are Personal & Culinary Services (81 degrees awarded) and Education (0 degrees) (as of 2022).

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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 Summit Salon Academy-Lexington.
Most Common (2022)
18 degrees awarded

In 2022, the most common 1 to 2 year postsecondary certificate concentration at Summit Salon Academy-Lexington was General Cosmetology with 18 degrees awarded.

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

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Sex Breakdown for Common Majors

1
Degrees Awarded to Men
in 2022
80
Degrees Awarded to Women
in 2022

In 2022, 1 degrees were awarded to men at Summit Salon Academy-Lexington, which is 0.0125 times less than the number of degrees awarded to females (80).

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

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Most Common Male Majors

In 2022, 1 degrees were awarded to men at Summit Salon Academy-Lexington in Nail Specialist & Manicurist, which is 0.0455 times less than the 22 female recipients with that same degree.

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Most Common Female Majors

In 2022, 40 degrees were awarded to women at Summit Salon Academy-Lexington in Aesthetician & Skin Care Specialist. There were no male recipients with the same degree.

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Time to Complete

13%
100% Completion Time
63%
150% Completion Time

In 2022, 13% of students graduating from Summit Salon Academy-Lexington completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 63% completed their degrees within 150% of the normal time, and 69% 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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Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.
White Female
Highest Graduation Rate (66.7%)

The student demographic with the highest graduation rate in 2018 at Summit Salon Academy-Lexington is Female and White (66.7% 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.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2022)
  1. White
    43 degrees awarded
  2. Black or African American
    27 degrees awarded
  3. Two or More Races
    6 degrees awarded

The most common race/ethnicity at Summit Salon Academy-Lexington is white (43 degrees awarded). There were 1.59 times more white recipients than the next closest race/ethnicity group, black or african american (27 degrees).

1.23% of degree recipients (1 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic (2022)
  1. White Female
    42 degrees awarded
  2. Black or African American Female
    27 degrees awarded
  3. Two or More Races Female
    6 degrees awarded

The most common race/ethnicity and sex grouping at Summit Salon Academy-Lexington is white female (42 degrees awarded). There were 1.56 times more white female recipients than the next closest race/ethnicity group, black or african american female (27 degrees).

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Operations

Salary Expenditure

$382k
2022 Salaries
5.3%
growth from 2021

In 2022, Summit Salon Academy-Lexington paid a median of $382k in salaries, a 5.3% growth from the previous year.

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

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