Consumer Disclosures
The Academy Salon & Spa is pleased to provide the following information as an institution that participates in the Federal student assistance programs authorized by Title IV of the Higher Education Act of 1965, as amended, related to Title IV-eligible educational programs that lead to gainful employment in a recognized occupation. Final regulations regarding Gainful Employment were published in the Federal Register on October 29, 2010. Those regulations require that, effective July 1, 2011, institutions provide certain disclosures about each of their gainful employment programs to students and prospective students.
The following are the required Consumer Disclosures for the Aesthetics GE Program:
1. Occupations (by name, NET-SOC code with Link to occupational profiles on O*NET*) that the Aesthetics program prepares students to enter are:
Skin Care Specialists 39-5094.00
2. Program costs: Aesthetics
Tuition and fees - $9,010
Room and board - $ 0
Books and supplies - $1,610
Other costs - $100 application fee; $20 permit fee
3. The on-time completion rate for students completing this program is:
a. For the number of students who completed the Aesthetics program during most recently completed award year (2009/2010) for which information is available is 6.
b. For the number of students who completed within normal time is 6.
4. The job placement rates for students completing the program is: 100%.
5. The median loan debt incurred by students who complete the program who have a:
Title IV loan debt – $6,303 (Amount borrowed)
Private educational loan debt – $ 0 (Amount borrowed)
Institutional finance plans - $ 0 (Amount owed)
* Per the United States Department of Education, a “recognized occupation” is defined by an Occupational Information Network O* NET-SOC code established by the Department of Labor and available at: http://online.onetcenter.org
The following are the required Consumer Disclosures for the Instructor GE Program:
1. Occupations (by name, NET-SOC code with Link to occupational profiles on O*NET*) that the Instructor program prepares students to enter are:
25-1194.00 - Vocational Education Teachers, Postsecondary
2. Program costs: Instructor
Tuition and fees - $5,100
Room and board - $ 0
Books and supplies - $175
Other costs - $100 application fee; $20 permit fee
3. The on-time completion rate for students completing this program is:
a. For the number of students who completed the Instructor program during most recently completed award year (2009/2010) for which information is available is 2.
b. For the number of students who completed within normal time is 2.
4. The job placement rates for students completing the program is: 100%.
5. The median loan debt incurred by students who complete the program who have a:
Title IV loan debt – $0 (Amount borrowed)
Private educational loan debt – $ 0 (Amount borrowed)
Institutional finance plans - $ 0 (Amount owed)
* Per the United States Department of Education, a “recognized occupation” is defined by an Occupational Information Network O* NET-SOC code established by the Department of Labor and available at: http://online.onetcenter.org
The following are the required Consumer Disclosures for the Manicuring GE Program:
1. Occupations (by name, NET-SOC code with Link to occupational profiles on O*NET*) that the managing cosmetology program prepares students to enter are:
39-5092.00 - Manicurists and Pedicurists
2. Program costs: Manicuring
Tuition and fees - $5,575
Room and board - $ 0
Books and supplies - $1,225
Other costs - $100 application fee; $20 permit fee
3. The on-time completion rate for students completing this program is:
a. For the number of students who completed the Manicuring program during most recently completed award year (2009/2010) for which information is available is 5.
b. For the number of students who completed within normal time is 5.
4. The job placement rates for students completing the program is: 80%.
5. The median loan debt incurred by students who complete the program who have a:
Title IV loan debt – $3,927 (Amount borrowed)
Private educational loan debt – $ 0 (Amount borrowed)
Institutional finance plans - $ 0 (Amount owed)
* Per the United States Department of Education, a “recognized occupation” is defined by an Occupational Information Network O* NET-SOC code established by the Department of Labor and available at: http://online.onetcenter.org
The following are the required Consumer Disclosures for the Cosmetology GE Program:
1. Occupations (by name, NET-SOC code with Link to occupational profiles on O*NET*) that the Cosmetology program prepares students to enter are:
HAIRDRESSERS, HAIRSTYLISTS AND COSMETOLOGISTS 39-5012.00
2. Program costs: Cosmetology
Tuition and fees - $14,820
Room and board - $ 0
Books and supplies - $2,190
Other costs - $100 application fee; $20 permit fee
3. The on-time completion rate for students completing this program is:
a. For the number of students who completed the Cosmetology program during most recently completed award year (2009/2010) for which information is available is 51.
b. For the number of students who completed within normal time is 51.
4. The job placement rates for students completing the program is: 98%.
5. The median loan debt incurred by students who complete the program who have a:
Title IV loan debt – $8,337 (Amount borrowed)
Private educational loan debt – $ 0 (Amount borrowed)
Institutional finance plans - $ 0 (Amount owed)
* Per the United States Department of Education, a “recognized occupation” is defined by an Occupational Information Network O* NET-SOC code established by the Department of Labor and available at: http://online.onetcenter.org