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For-profit College

The Hair Academy

For-profit College in Bismarck, ND. Six-year graduation rate 95%. Median 10-year earnings $31,370.

Verdict Mixed outcomes
The Hair Academy · Campus
Median earnings · 10 yr
$31,370
Median debt at grad
$11,630
Graduation rate
95.5%
Federal loan default
0%

Students who entered The Hair Academy reach a median of $31,370 a decade later, a figure that trails the typical four-year outcome. 96% graduate within six years, so most students who start here finish here. Borrowing stays contained, with median debt at graduation of $11,630.

Earnings: College Scorecard, median ten years after entry across students who received federal aid — completers and non-completers alike.

Green Flags
  • ✓ Graduation rate 95% — well above the national average
  • ✓ 3-year loan default 0.0% — below national benchmark
Red Flags

Academics

Full-time retention
60%
Transfer-out rate
5%
Student:faculty
16:1

96% of students finish within six years, putting completion well above the national norm. First-year retention is 60% — the single largest point of attrition on this campus. The student-faculty ratio is 16:1 — typical, which in practice means large lectures early and smaller classes in the major. As a for-profit short-program school, outcomes here deserve a harder look than the sector average suggests: for-profit institutions vary enormously, and the sector's aggregate numbers hide both strong and very weak performers. This is a small school — 78 undergraduates — so cohorts are tight and the program list is necessarily short.

Financial Aid

Average net price
$14,667
Full-time, first-time undergraduates paying the in-state rate who were awarded grant or scholarship aid
% receiving grants
50%
degree- or certificate-seeking undergraduates
% receiving federal loans
50%
degree- or certificate-seeking undergraduates

IPEDS Student Financial Aid · 2023-24 · grant and loan rates against 78 degree- or certificate-seeking undergraduates

Students pay an average of $14,667 annually, well below typical undergraduate net price. The gap between the $0–30k and $110k+ bands is narrow ($12,829 versus $20,224), meaning aid is not strongly need-weighted. About 50% get grants averaging $7,901, so plan on the possibility of paying closer to full price. 50% 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.

% receiving grants
71%
Average grant
$8,950

IPEDS Student Financial Aid · 2023-24 · 17 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 $12,829
$30–48k $14,296
$48–75k $18,579
$75–110k $17,579
$110k+ $20,224

IPEDS Student Financial Aid · 2023-24

Federal student loans went to 39 of these 78 students, totalling $387,633 — an average of $9,939 each.

IPEDS Student Financial Aid · 2023-24

Local housing costs

Typical rents near campus (Burleigh County) — budget these against any cost-of-attendance housing estimate.

Studio
$961/mo
1 bedroom
$1,030/mo
2 bedroom (whole unit)
$1,175/mo

HUD Fair Market Rents (40th-percentile gross rent incl. utilities) · FY2026

Veterans & GI Bill

GI Bill students
5
Yellow Ribbon
No
Principles of Excellence
Yes

VA GI Bill Comparison Tool (Veterans Affairs GIDS)

Compare The Hair Academy with peer institutions

How we evaluate The Hair Academy

IPEDS
US Department of Education
College Scorecard
Post-grad earnings
Census PSEO
Earnings by major
Opportunity Insights
Mobility by institution
Read our full methodology →