Even if you don't need financial aid, the ability of past students to successfully repay loans speaks to the value of the education received.
The default rate is the percentage of students who are already delinquent on their loans within three years of leaving the school. If a school has a high default rate, that sends an alarm out that the students' educations are not sufficient to earn enough to repay those loans. Read below for details on the typical loan burden, and keep in mind that a low default rate may be more important than loan amounts in predicting your future success.
At Cannella School of Hair Design - Elgin, 50% of full-time degree-seeking freshmen receive federal student loans, averaging $6,334 each in just the freshman year. We have much more details about the full loan burden students experience in our Cost and Financial Aid Section.
Who might be attending school with you? We'll look at what degrees most students have received, whether they are on campus or online, a little about their path, and the overall student body size. Our aim is to give some idea of what the campus culture might be.
This donut chart shows you what degrees were awarded by Cannella School of Hair Design - Elgin last year, and gives you a good idea of this school's focus. Make sure this school's focus matches your goals.
There are performance problems with many online-focused schools -- you can read about this in an Ididio case study, but you may want some online options to give you greater flexibility.
Note: The name and definition of this program are based on Department of Education CIP code descriptions, which ensures uniform reporting across schools in the US. Please check this school's website for detailed program information and their specific course descriptions.
Recently College Scorecard released data on starting salaries and cumulative federal student debt for each school/program combination with sufficient graduates to allow for privacy concerns with data releases. Shown in the box plots below are data for all schools offering cosmetology and related personal grooming services (which may contain several related fields) by award level. If a value is reported for Cannella School of Hair Design - Elgin, then that is shown in blue.
Where a school spends and collects its money can suggest a lot about the educational experience it offers. The tabs below offer a look at spending that is important for the quality of your experience if you attend.
Instructional expenses are primarily the salary and benefits paid to the heart of a school: its full-time instructors. High expenditures in this area suggest care in hiring enough highly qualified full-time faculty to provide personal attention and up-to-date subject-area excellence.
You can find a myriad of articles about the enrollment crises expected across US colleges and universities due to fewer births during the 2008 recession and other demographic shifts. The end result to you is that you need to protect your college investment by researching the financial stability of schools that you are considering. Many of our metrics are based on the excellent advice of Forbes' Financial Health Grades.
Ididio does not want to see you stuck with debt and no degree.
The core operating margin is the percentage by which core revenues exceed (or, when negative, fall short of) core expenses, so higher is better here. This margin excludes finances for non-academic expenses such as housing, hospitals, or other independent operations. For schools with large endowments, this measure can be volitile from year-to-year without indicating concern because investment losses and gains are driving this figure, but if an institution's margin is trending downwards or consistently negative, you should be concerned.
Cannella School of Hair Design - Elgin is a private for-profit school, meaning that its annual goal is to make a profit for its shareholders. The other types of schools are public or not-for-profit, and profit is not a goal.
We divided revenue and expenses for Cannella School of Hair Design - Elgin into categories to give some insight to what may have influenced peaks and ditches in the chart above. The purple shades correspond most directly to student education. The blue shades, auxiliary expenses and revenue, are often related to room and board. We show investment gains and losses in apricot.