Faust Institute
of Cosmetology-Spirit Lake
For-profit College in Spirit Lake, IA. Median 10-year earnings $23,784.
- ✓ 3-year loan default 0.0% — below national benchmark
Academics
No six-year graduation rate is reported for this institution, which is common for schools whose students are mostly part-time, transfer in, or enroll in short programs that the federal cohort measure does not track. Its absence is not itself a bad sign, but it does remove the clearest completion signal. First-year retention of 100% shows the cohort holds together through the hardest year. At 7:1, students get materially more instructor contact than at a typical public university. Being a for-profit short-program school is the single most useful context for these numbers — the sector's spread is wide enough that the school-level figures matter more than usual. At 26 undergraduates, expect a small, closely-held student body.
Financial Aid
IPEDS Student Financial Aid · 2023-24 · grant and loan rates against 26 degree- or certificate-seeking undergraduates
Students pay an average of $5,508 annually, well below typical undergraduate net price. Net price varies modestly by income — $1,895 at $0–30k against $9,039 at $110k+ — so the average is a fair guide for most families. 50% of students receive grant aid, averaging $4,698 — common but not automatic. 38% of students take federal loans, a middling borrowing rate.
Entering first-year students
A different, smaller group than the rates above: full-time students in their first year of college anywhere. The grant series here also excludes the "other sources" counted in the all-undergraduate figure, so the two are not comparable.
IPEDS Student Financial Aid · 2023-24 · 5 students
Net price by family income
The same students as the headline above, limited to those who received Title IV federal aid — a narrower group, with a lower overall average. IPEDS publishes no combined figure across these bands, so they should not be averaged into one.
| Family income band | Average net price |
|---|---|
| $0–30k | $1,895 |
| $30–48k | $5,508 |
| $48–75k | $5,529 |
| $75–110k | — |
| $110k+ | $9,039 |
IPEDS Student Financial Aid · 2023-24
Federal student loans went to 10 of these 26 students, totalling $57,929 — an average of $5,793 each.
IPEDS Student Financial Aid · 2023-24
Local housing costs
Typical rents near campus (Dickinson County) — budget these against any cost-of-attendance housing estimate.
HUD Fair Market Rents (40th-percentile gross rent incl. utilities) · FY2026