Elevate Salon Institute

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2022 Average Net Price

$12,997

After Financial Aid

2019 Default Rate

3.17%

on Student Loans

2022 Enrolled Students

124

64.5% Full-Time

About

Elevate Salon Institute is a higher education institution located in Oakland County, MI. In 2022, the most popular 1 to 2 Year Postsecondary Certificate concentrations at Elevate Salon Institute were General Cosmetology (22 degrees awarded).

In 2022, 124 degrees were awarded across all undergraduate and graduate programs at Elevate Salon Institute. 99.2% of these degrees were awarded to women, and 0.806% awarded men. The most common race/ethnicity group of degree recipients was white (68 degrees), 1.51 times more than then the next closest race/ethnicity group, black or african american (45 degrees).

In 2019 the default rate for borrower's at Elevate Salon Institute was 3.17%, corresponding to 2 out of the 63 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 $12,997.

In 2022, 40% of undergraduate students attending Elevate Salon Institute received financial aid through grants. Comparatively, 56% of undergraduate students received financial aid through loans.

Average Net Price

$12,997

2022 Value

4.06%

1 Year Growth

In 2022 Elevate Salon Institute had an average net price — the price paid after factoring in grants and loans — of $12,997. Between 2021 and 2022, the average net price of Elevate Salon Institute grew by 4.06%.

This chart compares the average net price of Elevate Salon Institute (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

40%

Undergraduates Receiving Financial Aid through Grants

56%

Undergraduates Receiving Financial Aid through Loans

40% of undergraduate students at Elevate Salon Institute received financial aid through grants or loans in 2022. This represents a decline of 11.1% with respect to 2021, when 45% of undergraduate students received financial aid.

This chart compares the average award discount at Elevate Salon Institute (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.

3.17%

2019 Default Rate

Number of Defaults

In 2019 the default rate for borrower's at Elevate Salon Institute was 3.17%, which represents 2 out of the 63 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

Elevate Salon Institute had a total enrollment of 124 students in 2022. The full-time enrollment at Elevate Salon Institute is 80 students and the part-time enrollment is 44. This means that 64.5% of students enrolled at Elevate Salon Institute are enrolled full-time.

The enrolled student population at Elevate Salon Institute, both undergraduate and graduate, is 58.9% White, 31.5% Black or African American, 5.65% Asian, 0.806% Hispanic or Latino, and 0.806% American Indian or Alaska Native.

Students enrolled at Elevate Salon Institute in full-time Undergraduate programs are most commonly White Female (58.8%), followed by Black or African American Female (27.5%) and Asian Female (7.5%).

Full-Time vs Part-Time Enrollment

64.5%

Full-Time Enrollment

The total enrollment at Elevate Salon Institute in 2022, both undergraduate and graduate, is 124 students. The full-time enrollment at Elevate Salon Institute is 80 and the part-time enrollment is 44.

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

Retention Rate over Time

81%

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 Elevate Salon Institute was 81%.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2022)

White
73 enrolled students
Black or African American
39 enrolled students
Asian
7 enrolled students

The enrolled student population at Elevate Salon Institute is 58.9% White, 31.5% Black or African American, 5.65% Asian, 0.806% Hispanic or Latino, and 0.806% American Indian or Alaska Native. This includes both full-time and part-time students as well as graduate and undergraduates.

Graduates

In 2022, 122 more women than men received degrees from Elevate Salon Institute. The most common race/ethnicity group of degree recipients at Elevate Salon Institute is white (68 degrees awarded). There were 1.51 times more white recipients than the next closest race/ethnicity group, black or african american (45 degrees).

The most common 1 to 2 Year Postsecondary Certificate concentration at Elevate Salon Institute is General Cosmetology (22 degrees awarded).

In 2022, the most specialized majors across all degree types at Elevate Salon Institute, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Personal & Culinary Services (124 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 Elevate Salon Institute are Chefs & head cooks (8,521 people), Cooks (3,235 people), Morticians, undertakers, & funeral directors (2,785 people), Food service managers (2,333 people), and Firstline supervisors of food preparation & serving workers (1,142 people).

The most specialized majors at Elevate Salon Institute in 2022 are Personal & Culinary Services (124 degrees awarded) (as of 2022).

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 Elevate Salon Institute are Chief executives & legislators, Lawyers, & judges, magistrates, & other judicial workers, Lodging managers, Financial managers, and Management analysts

The most specialized majors at Elevate Salon Institute are Personal & Culinary Services (124 degrees awarded) (as of 2022).

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 Elevate Salon Institute are Restaurants & Food Services (12,244 people), Funeral homes, & cemeteries & crematories (3,016 people), Traveler accommodation (1,919 people), Elementary & secondary schools (1,775 people), and Construction (1,430 people).

The most specialized majors at Elevate Salon Institute are Personal & Culinary Services (124 degrees awarded) (as of 2022).

Majors Awarded

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

General Cosmetology

Most Common (2022)

22 degrees awarded

In 2022, the most common 1 to 2 year postsecondary certificate concentration at Elevate Salon Institute was General Cosmetology with 22 degrees awarded.

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

Sex Breakdown for Common Majors

Degrees Awarded to Men

in 2022

123

Degrees Awarded to Women

in 2022

In 2022, 1 degrees were awarded to men at Elevate Salon Institute, which is 0.00813 times less than the number of degrees awarded to females (123).

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

Most Common Male Majors

In 2022, 1 degrees were awarded to men at Elevate Salon Institute in General Cosmetology, which is 0.0476 times less than the 21 female recipients with that same degree.

Most Common Female Majors

In 2022, 96 degrees were awarded to women at Elevate Salon Institute in Aesthetician & Skin Care Specialist. There were no male recipients with the same degree.

Time to Complete

22%

100% Completion Time

85%

150% Completion Time

In 2022, 22% of students graduating from Elevate Salon Institute completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 85% completed their degrees within 150% of the normal time, and 85% 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 (2022)

White
68 degrees awarded
Black or African American
45 degrees awarded
Asian
6 degrees awarded

The most common race/ethnicity at Elevate Salon Institute is white (68 degrees awarded). There were 1.51 times more white recipients than the next closest race/ethnicity group, black or african american (45 degrees).

0.806% of degree recipients (1 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2022)

White Female
67 degrees awarded
Black or African American Female
45 degrees awarded
Asian Female
6 degrees awarded

The most common race/ethnicity and sex grouping at Elevate Salon Institute is white female (67 degrees awarded). There were 1.49 times more white female recipients than the next closest race/ethnicity group, black or african american female (45 degrees).

Operations

Salary Expenditure

$859k

2022 Salaries

31.2%

growth from 2021

In 2022, Elevate Salon Institute paid a median of $859k in salaries, a 31.2% growth from the previous year. This is compared to a 22.6% growth between 2020 and 2021, and a 9.92% growth between 2019 and 2020.

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

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