Innovations Design Academy

www.innovationsdesignacademy.edu

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2022 Average Net Price

$7,897

After Financial Aid

2020 Default Rate

1.67%

on Student Loans

2022 Enrolled Students

85% Full-Time

About

Innovations Design Academy is a higher education institution located in Fulton County, IL. In 2022, the most popular 1 to 2 Year Postsecondary Certificate concentrations at Innovations Design Academy were General Cosmetology (12 degrees awarded) and Cosmetology, Barber, & Nail Instructor (1 degrees).

In 2021, 14 degrees were awarded across all undergraduate and graduate programs at Innovations Design Academy. 92.9% of these degrees were awarded to women, and 7.14% awarded men. The most common race/ethnicity group of degree recipients was white (14 degrees), 14 times more than then the next closest race/ethnicity group, black or african american (1 degrees).

In 2020 the default rate for borrower's at Innovations Design Academy was 1.67%, corresponding to 1 out of the 60 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 $7,897.

In 2022, 82% of undergraduate students attending Innovations Design Academy received financial aid through grants. Comparatively, 93% of undergraduate students received financial aid through loans.

Average Net Price

$7,897

2022 Value

15.5%

1 Year Growth

In 2022 Innovations Design Academy had an average net price — the price paid after factoring in grants and loans — of $7,897. Between 2021 and 2022, the average net price of Innovations Design Academy grew by 15.5%.

This chart compares the average net price of Innovations Design Academy (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

82%

Undergraduates Receiving Financial Aid through Grants

93%

Undergraduates Receiving Financial Aid through Loans

82% of undergraduate students at Innovations Design Academy received financial aid through grants or loans in 2022. This represents a growth of 2.5% with respect to 2021, when 80% of undergraduate students received financial aid.

This chart compares the average award discount at Innovations Design Academy (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.

1.67%

2020 Default Rate

Number of Defaults

In 2020 the default rate for borrower's at Innovations Design Academy was 1.67%, which represents 1 out of the 60 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

Innovations Design Academy had a total enrollment of 20 students in 2022. The full-time enrollment at Innovations Design Academy is 17 students and the part-time enrollment is 3. This means that 85% of students enrolled at Innovations Design Academy are enrolled full-time.

The enrolled student population at Innovations Design Academy, both undergraduate and graduate, is 95% White and 5% Black or African American.

Students enrolled at Innovations Design Academy in full-time Undergraduate programs are most commonly White Female (94.1%), followed by White Male (5.88%).

Full-Time vs Part-Time Enrollment

85%

Full-Time Enrollment

The total enrollment at Innovations Design Academy in 2022, both undergraduate and graduate, is 20 students. The full-time enrollment at Innovations Design Academy is 17 and the part-time enrollment is 3.

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

Retention Rate over Time

57%

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 Innovations Design Academy was 57%.

This chart shows the retention rate over time at Innovations Design Academy (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2022)

White
19 enrolled students
Black or African American
1 enrolled students

The enrolled student population at Innovations Design Academy is 95% White and 5% Black or African American. This includes both full-time and part-time students as well as graduate and undergraduates.

Graduates

In 2021, 12 more women than men received degrees from Innovations Design Academy. The most common race/ethnicity group of degree recipients at Innovations Design Academy is white (14 degrees awarded). There were 14 times more white recipients than the next closest race/ethnicity group, black or african american (1 degrees).

The most common 1 to 2 Year Postsecondary Certificate concentration at Innovations Design Academy is General Cosmetology (12 degrees awarded), followed by Cosmetology, Barber, & Nail Instructor (1 degrees).

In 2022, the most specialized majors across all degree types at Innovations Design Academy, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Personal & Culinary Services (15 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 Innovations Design Academy 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 Innovations Design Academy in 2022 are Personal & Culinary Services (15 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 Innovations Design Academy are Chief executives & legislators, Lawyers, & judges, magistrates, & other judicial workers, Lodging managers, Financial managers, and Management analysts

The most specialized majors at Innovations Design Academy are Personal & Culinary Services (15 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 Innovations Design Academy 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 Innovations Design Academy are Personal & Culinary Services (15 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 Innovations Design Academy.

Most Common (2022)

General Cosmetology
12 degrees awarded
Cosmetology, Barber, & Nail Instructor
1 degrees awarded

In 2022, the most common 1 to 2 year postsecondary certificate concentration at Innovations Design Academy was General Cosmetology with 12 degrees awarded.

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

Sex Breakdown for Common Majors

Degrees Awarded to Men

in 2021

Degrees Awarded to Women

in 2021

In 2021, 1 degrees were awarded to men at Innovations Design Academy, which is 0.0769 times less than the number of degrees awarded to females (13).

This chart displays the sex disparity between the top 5 majors at Innovations Design Academy by degrees awarded.

Most Common Male Majors

Most Common Female Majors

In 2022, 12 degrees were awarded to women at Innovations Design Academy in General Cosmetology. There were no male recipients with the same degree.

Time to Complete

40%

100% Completion Time

60%

150% Completion Time

In 2022, 40% of students graduating from Innovations Design Academy completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 60% completed their degrees within 150% of the normal time, and 60% 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
14 degrees awarded
Black or African American
1 degrees awarded

The most common race/ethnicity at Innovations Design Academy is white (14 degrees awarded). There were 14 times more white recipients than the next closest race/ethnicity group, black or african american (1 degrees).

0% of degree recipients (0 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2022)

White Female
14 degrees awarded
Black or African American Female
1 degrees awarded

The most common race/ethnicity and sex grouping at Innovations Design Academy is white female (14 degrees awarded). There were 14 times more white female recipients than the next closest race/ethnicity group, black or african american female (1 degrees).

Operations

Salary Expenditure

$111k

2022 Salaries

5.15%

growth from 2021

In 2022, Innovations Design Academy paid a median of $111k in salaries, a 5.15% growth from the previous year. This is compared to a 20.5% growth between 2020 and 2021, and a 30% decline between 2019 and 2020.

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

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