Summit Salon Academy-Lexington campus
Summit Salon Academy-Lexington logo

Summit Salon Academy-Lexington

Type Less than 2 year, Private
Business Model For Profit
Campus locale City: Large
Degrees offered Undergraduate
Calendar system Differs by program
Student body size Small
Student to faculty ratio 20 to 1
Students retention rate 80%
On-time graduation rate 13%

Located in Lexington, Kentucky, Summit Salon Academy-Lexington is a private, for profit institution that offers undergraduate degrees.

One of the notable aspects of Summit Salon Academy-Lexington is its open admission policy. This means that all high school graduates and individuals who hold a GED qualification are eligible to apply for admission. This inclusive approach allows a wide range of students to pursue their higher education goals, regardless of their academic background.

Summit Salon Academy-Lexington is accredited by the National Accrediting Commission of Career Arts and Sciences, ensuring that the institution meets certain standards of quality and effectiveness. This accreditation also allows students to transfer credits to other accredited institutions if they choose to continue their education elsewhere.

While the on-time graduation rate at Summit Salon Academy-Lexington is reported to be 13%, it is essential to consider the context of this statistic. For-profit institutions often serve a diverse student population, including many non-traditional students who may face unique challenges in completing their degrees. For comparison, Kentucky state's graduation rate for the 2021-2022 was 52% whereas the national average was 69%.

Summit Salon Academy-Lexington boasts an impressive student retention rate of 80% , indicating that the majority of students choose to continue their education at the institution. This number surpasses both the state and national averages of 74% and 76%, respectively.


  • Accredited by: National Accrediting Commission of Career Arts and Sciences

Admission

Open Admission

The institution does not have any selection criteria for enrollment. All high school graduates and GED certificate holders are eligible for admission.

Tuition & Fees

The most popular programs at Summit Salon Academy-Lexington are Cosmetology/Cosmetologist, General, Technical Teacher Education. Below is the cost of attendance for these programs as well as the cost of attendance for similar schools that provide the same program.

Cosmetology/Cosmetologist, General

Technical Teacher Education

Average Net Price

The net price represents the amount of money students pay after receiving financial aid. In 2022, the average net price for first-year, full-time students at Summit Salon Academy-Lexington was $12,053. This amount varies among students due to the different levels of financial aid offered based on their family's financial status.

Financial aid includes federal, state, or local government grants and institutional grants and scholarships

Summit Salon Academy-Lexington net price calculator

$12,053

Below is the average net price of Less than 2 year, private For Profit colleges in Kentucky and nationwide.

Kentucky's average $12,742
National average $17,367
Below is the net price of Summit Salon Academy-Lexington for the past 10 years categorized by different levels of family income brackets.
Year Average Price Change Less than $30k $30k to $48k $48k to $75k $75k to $110k over $110k
2022 $12,053 $966 (9%) $10,622 $10,698 $15,815 $16,727 $17,695
2021 $11,087 $584 (6%) $10,077 $10,970 $15,334 $15,902
2020 $10,503 $1,290 (11%) $7,597 $9,703 $13,361
2019 $11,793 $731 (6%) $11,401 $13,694 $14,847
2018 $12,524 $832 (7%) $11,567 $13,986 $15,286
2017 $11,692 $147 (1%) $10,752 $13,891 $14,879
2016 $11,839 $1,801 (18%) $11,693 $12,366 $14,216 $16,496
2015 $10,038 $926 (10%) $9,587 $13,105 $12,305
2014 $9,112 -- $8,894 $12,536 $13,069

Tuition Plans

Tuition plans offered by Summit Salon Academy-Lexington during 2022 academic year.

  • Prepaid tuition plan
    Not Offered
  • Guaranteed tuition plan
    Not Offered
  • Tuition payment plan
    Offered
  • Other alternative tuition plan
    Not Offered

Financial Aid

Average Grant & Scholarships

In 2022, 73 of freshman students at Summit Salon Academy-Lexington received on average $5,789 in grant and scholarships from the college, the state and/or the federal government. Below is detail stats of the aid provided to full-time, freshman students.

$5,789
Students Receiving Aid Average Amount Total Amount
Pell Grant 43 73% $5,789 $248,943
Other Federal Grant 43 73% $5,789 $248,943
State Grant/Scholarships 0 0% - -
Institutional Grant/Scholarships 0 0% - -
Total Grant & Scholarships 43 73% $5,789 $248,943

Average Student Loans

In 2022, 71% of freshman students at Summit Salon Academy-Lexington received $7,229 (average) in federal student loan. Below is detail stats of all the loans provided to full-time, freshman students.

$7,229
Students Receiving Loan Average Amount Total Amount
Federal Student Loans 42 71% $7,229 $303,626
Private Loans 0 0% - -
Total Loans 42 71% $7,229 $303,626

Financial Aid By Income Level

Financial aid breakdown by students family income level. The data is organized by income level group starting from families making below $30k to above $110k.

Post-9/11 GI Bill

Post 9/11 GI Bill is a federal education benefit program for veterans, who served on active duty after September 10, 2001. This Department of Veteran Affairs benefit provides up to 36 months of education benefits at an approved institution for the following college costs: tuition and fees, books and supplies and housing. The tuition and fees payment, which is the cost for an in-state student attending a public institution, is made directly to the post-secondary institution whereas payments for books and supplies and housing are sent directly to the student.

$2,312
Average aid amount
2022

Academic Programs

Below is a list of academic programs offered at Summit Salon Academy-Lexington sorted by popularity.

Culinary and Personal Services

Total number of students graduated under this category 60

Aesthetician/Esthetician and Skin Care Specialist

Undergraduate Certificate 34 students

Cosmetology/Cosmetologist

Undergraduate Certificate 15 students

Nail Technician/Specialist and Manicurist

Undergraduate Certificate 11 students

Education

Total number of students graduated under this category 3

Technical Teacher Education

Undergraduate Certificate 3 students

Outcome

Graduation Rate

Out of 30 students who enrolled in 2018 and after, 4 students graduated within the normal graduation time of their respective program and 19 students graduated late (within 150% of the normal time it takes to graduate).

63.3%

Dropout Rate

Out of 30 students who enrolled in 2018 and after, 11 students dropped out of the school.

36.7%

Students Population

Gender Diversity

Very Low

Based on the 2021-2022 data, the undergraduate student population at Summit Salon Academy-Lexington is greatly skewed towards women students, with 98.8% of undergraduate students being women and 1.2% being men. The total number of full-time, first-year undergraduate students is 84, with 83 women and 1 men.

  • men 1.2% 1 students
  • women 98.8% 83 students

Students Age Diversity

  • 22-24 28% 23 students
  • 18-19 19% 16 students
  • 25-29 17% 14 students
  • 20-21 13% 11 students
  • 35-39 6% 5 students
  • 40-49 6% 5 students
  • 30-34 5% 4 students
  • 50-64 2% 2 students

Miscellaneous

Service Offerings

Summit Salon Academy-Lexington provides the following additional services to its students
  • Placement services for graduates
  • Employment services for students

Educational Offerings

Summit Salon Academy-Lexington offers educational programs in the following categories. Check the programs page to learn more about specific programs that you are interested in.
  • Occupational

Veteran Services

  • Yellow Ribbon Program (officially known as Post-9/11 GI Bill, Yellow Ribbon Program)