Loraines Academy & Spa

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2022 Average Net Price
$11,536
After Financial Aid
2019 Default Rate
7.04%
on Student Loans
2022 Enrolled Students
103
29.1% Full-Time

About

Loraines Academy & Spa is a higher education institution located in Pinellas County, FL. In 2022, the most popular 1 to 2 Year Postsecondary Certificate concentrations at Loraines Academy & Spa were General Cosmetology (3 degrees awarded) and Massage Therapy (1 degrees).

In 2022, 58 degrees were awarded across all undergraduate and graduate programs at Loraines Academy & Spa. 96.6% of these degrees were awarded to women, and 3.45% awarded men. The most common race/ethnicity group of degree recipients was white (28 degrees), 1.65 times more than then the next closest race/ethnicity group, black or african american (17 degrees).

Costs

After taking grants and loans into account, the average net price for students is $11,536.

In 2022, 73% of undergraduate students attending Loraines Academy & Spa received financial aid through grants. Comparatively, 70% of undergraduate students received financial aid through loans.

Average Net Price

$11,536
2022 Value
7.32%
1 Year Growth

In 2022 Loraines Academy & Spa had an average net price — the price paid after factoring in grants and loans — of $11,536. Between 2021 and 2022, the average net price of Loraines Academy & Spa grew by 7.32%.

This chart compares the average net price of Loraines Academy & Spa (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

73%
Undergraduates Receiving Financial Aid through Grants
70%
Undergraduates Receiving Financial Aid through Loans

73% of undergraduate students at Loraines Academy & Spa received financial aid through grants or loans in 2022. This represents a growth of 4.29% with respect to 2021, when 70% of undergraduate students received financial aid.

This chart compares the average award discount at Loraines Academy & Spa (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.
7.04%
2019 Default Rate
5
Number of Defaults

In 2019 the default rate for borrower's at Loraines Academy & Spa was 7.04%, which represents 5 out of the 71 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

Loraines Academy & Spa had a total enrollment of 103 students in 2022. The full-time enrollment at Loraines Academy & Spa is 30 students and the part-time enrollment is 73. This means that 29.1% of students enrolled at Loraines Academy & Spa are enrolled full-time.

The enrolled student population at Loraines Academy & Spa, both undergraduate and graduate, is 38.8% White, 29.1% Black or African American, 18.4% Hispanic or Latino, 3.88% Two or More Races, and 1.94% Asian.

Students enrolled at Loraines Academy & Spa in full-time Undergraduate programs are most commonly White Female (43.3%), followed by Black or African American Female (26.7%) and Hispanic or Latino Male (6.67%).

Full-Time vs Part-Time Enrollment

29.1%
Full-Time Enrollment

The total enrollment at Loraines Academy & Spa in 2022, both undergraduate and graduate, is 103 students. The full-time enrollment at Loraines Academy & Spa is 30 and the part-time enrollment is 73.

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

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Retention Rate over Time

62%
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 Loraines Academy & Spa was 62%. Compared with the full-time retention rate at similar (79%), Loraines Academy & Spa had a retention rate lower than its peers.

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

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2022)
  1. White
    40 enrolled students
  2. Black or African American
    30 enrolled students
  3. Hispanic or Latino
    19 enrolled students

The enrolled student population at Loraines Academy & Spa is 38.8% White, 29.1% Black or African American, 18.4% Hispanic or Latino, 3.88% Two or More Races, and 1.94% 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.

Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 7 students (6.8%) did not report their race.

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Graduates

In 2022, 54 more women than men received degrees from Loraines Academy & Spa. The most common race/ethnicity group of degree recipients at Loraines Academy & Spa is white (28 degrees awarded). There were 1.65 times more white recipients than the next closest race/ethnicity group, black or african american (17 degrees).

The most common 1 to 2 Year Postsecondary Certificate concentration at Loraines Academy & Spa is General Cosmetology (3 degrees awarded), followed by Massage Therapy (1 degrees).

In 2022,  the most specialized majors across all degree types at Loraines Academy & Spa, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Personal & Culinary Services (48 degrees awarded) and Health (10 degrees).

Common Jobs by Major

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Loraines Academy & Spa are Registered nurses (1,394,973 people), Medical & health services managers (151,169 people), Nurse practitioners & nurse midwives (140,626 people), Pharmacists (134,087 people), and Physicians (107,616 people).

The most specialized majors at Loraines Academy & Spa in 2022 are Personal & Culinary Services (48 degrees awarded) and Health (10 degrees) (as of 2022).

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Highest Paying Jobs by Major

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Loraines Academy & Spa are Surgeons, Chief executives & legislators, Physicians, Lawyers, & judges, magistrates, & other judicial workers, and Podiatrists

The most specialized majors at Loraines Academy & Spa are Personal & Culinary Services (48 degrees awarded) and Health (10 degrees) (as of 2022).

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Common Industries by Major

The most common industries for people who hold a degree in one of the 5 most specialized majors at Loraines Academy & Spa are General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (1,483,204 people), Outpatient care centers (237,738 people), Elementary & secondary schools (217,353 people), Offices of physicians (202,325 people), and Colleges, universities & professional schools, including junior colleges (130,917 people).

The most specialized majors at Loraines Academy & Spa are Personal & Culinary Services (48 degrees awarded) and Health (10 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 Loraines Academy & Spa.
Most Common (2022)
  1. 3 degrees awarded
  2. 1 degrees awarded

In 2022, the most common 1 to 2 year postsecondary certificate concentration at Loraines Academy & Spa was General Cosmetology with 3 degrees awarded.

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

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Sex Breakdown for Common Majors

2
Degrees Awarded to Men
in 2022
56
Degrees Awarded to Women
in 2022

In 2022, 2 degrees were awarded to men at Loraines Academy & Spa, which is 0.0357 times less than the number of degrees awarded to females (56).

This chart displays the sex disparity between the top 5 majors at Loraines Academy & Spa by degrees awarded.

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Most Common Male Majors

In 2022, 2 degrees were awarded to men at Loraines Academy & Spa in Massage Therapy, which is 0.25 times less than the 8 female recipients with that same degree.

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Most Common Female Majors

In 2022, 19 degrees were awarded to women at Loraines Academy & Spa in Facial Treatment Specialist. There were no male recipients with the same degree.

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Time to Complete

38%
100% Completion Time
58%
150% Completion Time

In 2022, 38% of students graduating from Loraines Academy & Spa completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 58% completed their degrees within 150% of the normal time, and 58% 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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Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2022)
  1. White
    28 degrees awarded
  2. Black or African American
    17 degrees awarded
  3. Hispanic or Latino
    9 degrees awarded

The most common race/ethnicity at Loraines Academy & Spa is white (28 degrees awarded). There were 1.65 times more white recipients than the next closest race/ethnicity group, black or african american (17 degrees).

5.17% of degree recipients (3 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic (2022)
  1. White Female
    27 degrees awarded
  2. Black or African American Female
    17 degrees awarded
  3. Hispanic or Latino Female
    8 degrees awarded

The most common race/ethnicity and sex grouping at Loraines Academy & Spa is white female (27 degrees awarded). There were 1.59 times more white female recipients than the next closest race/ethnicity group, black or african american female (17 degrees).

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Operations

Salary Expenditure

$363k
2022 Salaries
2.64%
decline from 2021

In 2022, Loraines Academy & Spa paid a median of $363k in salaries, a 2.64% decline from the previous year.

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

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