Empire Beauty School-Speedway
Speedway, IN 46224 — Private For-Profit
Value Score: 55/100
Graduation Rate: 37.1%
Median Earnings (10yr): $24,407 | Median Debt: $13,583
Student Body Size: 166 (small)
Pell Grant Recipients: 65.0% | Federal Loan Rate: 54.1%
Graduate Outcomes & Return on Investment
37.1% of students at Empire Beauty School-Speedway complete their degree, 40% below the national average. This low graduation rate is a significant concern that prospective students should weigh carefully.
Graduates of Empire Beauty School-Speedway earn a median salary of $24,407 ten years after enrollment, 40% below the national average.
The median student debt at graduation is $13,583, 37% below the national average. On a standard 10-year repayment plan at 5.5% interest, this translates to approximately $147/month, with a total repayment of $17,640 (including $4,057 in interest).
Debt-to-Earnings Ratio: 0.56x. This is a healthy ratio, suggesting debt is manageable for most graduates.
Financial Aid Profile
65.0% of students at Empire Beauty School-Speedway receive Pell Grants (federal need-based aid for families earning under ~$60,000), 97% above the national average. This high Pell rate indicates the school serves a large proportion of lower-income students and likely has strong need-based aid programs.
54.1% of students take federal loans, 15% above the national average. This is a moderate borrowing rate.
Student Body & Campus Diversity
Empire Beauty School-Speedway enrolls 166 undergraduate students. As a small institution, students can expect smaller class sizes, closer faculty relationships, and a tight-knit campus community.
Diversity Index: 55/100 (higher = more diverse). The campus has moderate diversity.
Student body composition: White 16%, Hispanic 8%, Black 65%, Asian 1%.
Empire Beauty School-Speedway: Low Graduation Rate and Earnings, but Low Debt
- Empire Beauty School-Speedway: Is Your Investment in Beauty Worth the Debt?
- Beyond the Salon Chair: What Empire Beauty School-Speedway Graduates Earn
- Speedway's Beauty School: Training for a Career, But What's the Real Cost?
Report Card: Overall Grade D
Empire Beauty School-Speedway receives an overall grade of D based on six dimensions:
- Academics: D
- Outcomes: F
College Analysis
Empire Beauty School-Speedway is a Private For-Profit institution in Speedway, IN with approximately 166 students. Academics: The school has a low graduation rate of 37.08%, indicating potential challenges in completing the program. Value: Median student debt is $13,583, which is relatively low compared to many for-profit institutions, but the low earnings suggest limited value. Outcomes: Median earnings 10 years after graduation are $24,407, which is below the national average for similar programs.
The Verdict: Is Empire Beauty School-Speedway Worth It?
Empire Beauty School-Speedway presents a challenging value proposition. With a median 10-year earning of $24,407 and median debt of $13,583, the financial return on investment appears modest at best. The debt-to-earnings ratio is concerning, as graduates owe over half of their annual median income in student loans. A rough calculation suggests it would take approximately 5-6 years of median earnings to pay off the debt, assuming no interest and minimal living expenses. This is a significant commitment for a career in an industry that often features hourly wages and variable income. While the school provides vocational training for a specific career path, the median earnings are substantially lower than those typically seen for graduates of associate's or bachelor's degree programs. Without a clear ROI score or detailed earnings data by program, it's difficult to definitively label it a 'good deal.' It is likely overpriced when considering the long-term financial implications for the average graduate. Recommendation: Prospective students should carefully weigh the cost of tuition against the realistic earning potential and explore all available financial aid options, including scholarships and grants, before committing.
Return on Investment
The degree may not be worth the cost given the low earnings and graduation rate, but the low debt could be a mitigating factor.
Debt Reality Check
Median student debt at Empire Beauty School-Speedway: $13,583. Monthly payment on a standard 10-year plan: $154/month. Total repaid: $18,480 ($4,897 in interest).
Strengths
- Low student debt
- Focus on a specific demographic (Black students)
Weaknesses
- Low graduation rate
- Low median earnings 10 years post-graduation
Academic Profile
Empire Beauty School-Speedway's academic profile is entirely dedicated to the craft of cosmetology and its related specializations. The primary strength lies in its intensive, hands-on training programs designed to equip students with the practical skills demanded by employers in the beauty industry. Key programs include Cosmetology, Esthetics, and Nail Technology, each offering a comprehensive curriculum that blends theoretical knowledge with extensive practical application. Faculty quality is best understood through the lens of industry experience; instructors are typically seasoned professionals with real-world expertise in their respective fields, bringing current trends and techniques directly into the classroom. While formal research opportunities or honors programs are not characteristic of this vocational setting, the focus is on mastering industry-standard techniques and client service. Academic support is integrated into the daily curriculum, with instructors providing personalized feedback and guidance as students progress through their practical training. The student-faculty ratio is managed to ensure ample individual attention, crucial for skill development in areas like haircutting, coloring, and skincare. The ultimate academic goal is to ensure graduates are not only skilled but also confident and ready to pass licensing exams and excel in their chosen careers.
Financial Aid Guide for Empire Beauty School-Speedway
Pell Grant recipients: 65.0%. Students taking federal loans: 54.1%.
Navigating financial aid at Empire Beauty School-Speedway is a critical step for aspiring beauty professionals. As a private for-profit institution, the majority of financial assistance comes from federal sources, including Pell Grants for students demonstrating significant financial need and federal student loans. The school is committed to helping students understand their options, and financial aid advisors are available to guide applicants through the Free Application for Federal Student Aid (FAFSA) process. For students with an Expected Family Contribution (EFC) of $0, Pell Grants can cover a substantial portion of tuition, potentially up to $7,395 for the 2023-2024 academic year, though the exact amount depends on enrollment status and program length. Federal Direct Subsidized and Unsubsidized Loans are also widely available, with first-year undergraduate limits typically around $12,500, though the total amount awarded will depend on the cost of attendance and other aid received. Empire Beauty School-Speedway does not typically offer institutional merit-based scholarships, as the focus is on federal aid and loans. Work-study opportunities may be available, providing part-time employment to help cover living expenses. For students from lower-income households (e.g., under $30,000 annual income), a significant portion of tuition and fees might be covered by Pell Grants and federal loans. For middle-income families, federal loans will likely form the bulk of the aid package. Negotiating aid is generally not a strong possibility at schools primarily relying on federal aid programs; the focus is on maximizing eligibility for Pell Grants and federal loans based on established criteria.
Hidden Costs at Empire Beauty School-Speedway
- Professional cosmetology kit and supplies: Expect to pay between $1,500 and $2,500 for essential tools, products, and equipment required for hands-on training.
- Uniforms and professional attire: Budget approximately $200 to $400 for required school uniforms and appropriate professional clothing for client services.
- Licensing exam fees: The state cosmetology licensing exam typically costs between $100 and $200, plus potential additional fees for application and processing.
- Textbooks and workbooks: While some materials may be digital, allocate around $300 to $500 for required textbooks and supplementary learning materials.
- Transportation to campus: Depending on your residence, daily commuting costs for gas, public transport, or parking could range from $50 to $200 per month.
- Student activity or technology fees: While not always prominent, schools may charge miscellaneous fees for technology access, student services, or administrative costs, potentially $100 to $300 annually.
- Continuing education or advanced workshops: To stay current in the industry, many graduates invest in additional workshops or advanced training, which can cost several hundred dollars per course.
Alumni Outcomes & Career Paths
Graduates from Empire Beauty School-Speedway primarily enter the beauty and personal care services industry. While specific data on major employers that recruit directly from this Speedway, IN campus is limited, alumni typically find employment in local and regional salons, spas, and beauty supply stores. Common industry clusters include hair salons, nail salons, and potentially entry-level positions in cosmetology retail. Notable employers in the broader Indianapolis metropolitan area that hire individuals with cosmetology training include Great Clips, Supercuts, Ulta Beauty, and Sally Beauty. Given the vocational nature of the training, graduate school placement rates are not applicable. Career services at for-profit institutions like Empire Beauty School often focus on job placement assistance within their network and local market. Internship pipelines are typically integrated into the curriculum, providing hands-on experience within affiliated salons or through partnerships with local businesses. Geographic hiring patterns for Empire Beauty School-Speedway graduates are predominantly within a 50-mile radius of Speedway, IN, reflecting the local demand for skilled cosmetologists and estheticians.
Campus Life & Culture at Empire Beauty School-Speedway
The student body at Empire Beauty School-Speedway is comprised of individuals highly motivated to enter and succeed in the beauty industry, often seeking a direct path to employment. Students are typically local to the Speedway and greater Indianapolis area, drawn by the school's reputation and career-focused programs. The environment is ideal for ambitious, hands-on learners who are passionate about cosmetology and eager to develop practical skills.
Empire Beauty School-Speedway offers a focused and career-oriented campus experience, deeply intertwined with the beauty industry. As a specialized institution, the 'campus life' revolves around practical training, skill development, and preparing students for immediate entry into the workforce. Social life is often centered around shared professional goals and peer support within the program. While there aren't traditional dormitories or extensive on-campus housing, students typically commute from the Speedway area and surrounding Indianapolis neighborhoods. This means social activities often extend into the local community, with students exploring nearby dining and entertainment options. The school itself is a hub of activity during operating hours, with students collaborating on projects, practicing techniques, and supporting each other's learning journeys. There are no formal student organizations in the traditional university sense, but informal study groups and peer mentorship are common. Athletics and Greek life are not features of Empire Beauty School, as the curriculum and student body are dedicated to vocational training. The 'vibe' is one of ambition, hands-on learning, and a strong sense of camaraderie built around a shared passion for cosmetology and related fields. Students are driven, eager to learn, and focused on building their future careers in the beauty industry, making for a dynamic and supportive learning environment.
Campus Highlights
- Intensive, hands-on training in cosmetology, esthetics, and nail technology.
- Curriculum designed for direct entry into the beauty industry workforce.
- Experienced instructors who are active professionals in the field.
- Focus on developing client service skills alongside technical expertise.
- Preparation for state licensing exams is a core component of the program.
- A supportive environment where students share a common career passion.
- Located in Speedway, offering convenient access to Indianapolis amenities.
Location & Regional Advantages
Empire Beauty School-Speedway is situated in a location that offers a mixed bag of advantages for its graduates. Speedway, IN, a suburb of Indianapolis, provides access to a sizable metropolitan job market. The local cost of living is generally lower than the national average, which can make it easier for graduates to manage their living expenses and potential student loan debt. Indianapolis itself is a growing city with a diverse economy, though its primary strengths lie in logistics, advanced manufacturing, and healthcare, rather than being a direct hub for the beauty industry. However, the presence of numerous retail centers and a population base supports a consistent demand for salon and spa services. Proximity to Indianapolis means graduates can access a wider range of employment opportunities than might be available in a more rural setting. Quality of life in the Indianapolis area is generally good, with a variety of cultural attractions, parks, and a relatively mild four-season climate. Safety can vary by neighborhood, as with any large metropolitan area. The key geographic advantage for Empire Beauty School-Speedway is its placement within a significant population center that sustains the demand for beauty services, allowing graduates to find local employment without needing to relocate extensively.
How to Get Into Empire Beauty School-Speedway
Gaining admission to Empire Beauty School-Speedway is a straightforward process focused on ensuring candidates are prepared for a career in the beauty industry. The school generally has an open-door policy for its vocational programs, meaning admission is less about competitive selectivity and more about meeting basic requirements and demonstrating a genuine interest in cosmetology. The admissions office primarily looks for maturity, a positive attitude, and a clear understanding of the commitment required for vocational training. While there are no specific GPA or test score cutoffs, a high school diploma or GED is typically a prerequisite. The application process usually involves an interview with an admissions representative to discuss career goals and assess suitability for the program. Essays are not a standard requirement, but a personal statement or letter of intent detailing why you want to pursue a career in cosmetology can strengthen your application. Demonstrated interest is shown through active engagement with the admissions team, attending information sessions, and completing the application promptly. The timeline is flexible, but it's advisable to apply at least 1-2 months before your desired start date to allow ample time for financial aid processing and enrollment.
How Empire Beauty School-Speedway Compares to Similar Schools
Similar schools: Aveda Institute Indianapolis, Paul Mitchell The School Indianapolis, Vatterott College - Indianapolis (Cosmetology Program)
Advantages
- Empire Beauty School has a national brand presence, which might offer some recognition.
- Its Speedway location provides access to the larger Indianapolis job market.
- Potentially lower tuition compared to some other private cosmetology schools, though this needs verification.
Disadvantages
- Lower graduation rate (37.1%) compared to many other vocational schools.
- Significantly lower median earnings post-graduation compared to national averages for similar programs.
- Limited publicly available data on specific career services effectiveness and employer partnerships.
Best For
- Students seeking a career in the beauty industry who are willing to work in a small town and have a lower earning potential.
- Individuals who are confident in their ability to find employment and manage debt despite the low graduation rate.
Avoid If
- Students who prioritize high earnings and a high graduation rate over lower debt.
- Individuals looking for a beauty education program in a specific location.
Frequently Asked Questions about Empire Beauty School-Speedway
How much does it cost to attend Empire Beauty School-Speedway?
In-state tuition at Empire Beauty School-Speedway is N/A per year, and out-of-state tuition is N/A per year. The median student debt at graduation is $13,583.
What is the graduation rate at Empire Beauty School-Speedway?
Empire Beauty School-Speedway has a graduation rate of 37.1%.
How much do Empire Beauty School-Speedway graduates earn?
The median earnings for Empire Beauty School-Speedway graduates 10 years after enrollment is $24,407. With median debt of $13,583, graduates earn roughly 1.8x their debt level annually.
How big is Empire Beauty School-Speedway?
Empire Beauty School-Speedway has approximately 166 students and is classified as a small institution. It is located in Speedway, IN and is a Private For-Profit institution.
Where is Empire Beauty School-Speedway located?
Empire Beauty School-Speedway is located in Speedway, IN. It is a Private For-Profit institution with approximately 166 students.
How much student debt do Empire Beauty School-Speedway graduates have?
The median student debt for Empire Beauty School-Speedway graduates is $13,583. With median earnings of $24,407 ten years after enrollment, graduates can expect a debt-to-income ratio of 56%.
Is Empire Beauty School-Speedway a good college?
Empire Beauty School-Speedway has a graduation rate of 37.1% and median post-graduation earnings of $24,407. The majority of students (65.06%) are Black, which may indicate a focus on serving a specific demographic.
How does Empire Beauty School-Speedway compare to similar colleges?
The school is located in a small town, which could limit job opportunities for graduates. Compared to peer institutions, Empire Beauty School-Speedway has lower median earnings and a lower graduation rate, despite having relatively low student debt.
What career prospects do Empire Beauty School-Speedway graduates have?
Graduates of Empire Beauty School-Speedway may find career opportunities limited due to lower earnings and the school's location.
What should prospective students know about Empire Beauty School-Speedway?
Empire Beauty School-Speedway operates in a competitive market for beauty education, where many similar programs offer better earnings potential.
What makes Empire Beauty School-Speedway stand out?
The low graduation rate suggests potential issues with student support or program quality.
What are the pros and cons of attending Empire Beauty School-Speedway?
Median earnings 10 years post-graduation are significantly lower than the national average for similar programs.
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- Aveda Institute Indianapolis
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View on College Scorecard (Dept. of Education)
Analysis based on U.S. Department of Education data. Not enrollment advice. Verify information with the institution directly.