by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Cosmetology Career Center LLC— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. These figures are reported by the Department of Education and IPEDS.
Looking at the entering class at Paul Mitchell the School Dallas, 90% of first-year students take on loan debt, with a typical loan of $9,740 apiece. This figure includes both private and federally funded student loans.
The average federal loan is $6,692. That is at or past the $5,500 federal first-year limit for the typical dependent freshman. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Counting every undergraduate at Paul Mitchell the School Dallas, 47% borrow through federal student loan programs, averaging $6,534 per year. This is 2.4% under the $6,692 typical freshmen borrow.
Borrowing the same amount each year would add up to roughly $13,068 in two years and roughly $26,136 after four. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 47% |
| Average federal loan per year | $6,534 |
| Undergraduates with a federal loan | 221 |
| Total federal loans (one year) | $1,444,044 |
The middle borrower at Paul Mitchell the School Dallas owes $7,457 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,457 |
| Students who completed (graduates) | $8,505 |
| Students who withdrew | $4,750 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Paul Mitchell the School Dallas.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,346 |
| 25th percentile | $5,319 |
| 75th percentile | $12,886 |
| 90th percentile (highest-debt students) | $16,500 |
How wide this percentile range is tells you how much borrowing varies across students at Paul Mitchell the School Dallas.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Paul Mitchell the School Dallas.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 156 | $7,685 |
| Completed (graduates) | 111 | $8,864 |
| Did not complete | 45 | $6,026 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $105.4/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at Paul Mitchell the School Dallas.
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 143 | — |
| No Stafford loan this year | 13 | — |
These figures turn the debt totals into a monthly repayment picture for Paul Mitchell the School Dallas.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The official Department of Education two-year default rate for Paul Mitchell the School Dallas is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 6.5% |
| Borrowers in the cohort | 336 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $7,202 |
| Middle income | $7,917 |
| High income | $7,917 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,354 |
| Continuing-generation students | $7,917 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,222 |
| Independent students | $7,917 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Paul Mitchell the School Dallas.
Subsidized and Unsubsidized Loans
Subsidized loans pause interest while you are in school; unsubsidized loans do not. That difference compounds over four years, so the type of loan you take matters as much as the amount.
Important to Remember
Unlike most other debt, federal student loans generally survive bankruptcy — and unpaid balances can lead to wage garnishment — so borrow only what you truly need.
References
More about our data sources and methodologies.