by our College Data Analytics TeamMany students will never be charged the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The price tag of going to Paul Mitchell the School Arkansas can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
What financial aid options can Paul Mitchell the School Arkansas offer, and what will you qualify for? Keep reading for more information. Keep going to see how much school funding could be available to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. The figures below will help you estimate the aid you might receive from Paul Mitchell the School Arkansas.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For freshmen starting at Paul Mitchell the School Arkansas, 83% of first-year full-time students received aid of some kind (about 40 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 75% | $6,366 |
| Institutional grants & scholarships | 29% | $500 |
| Federal Pell grants | 67% | $5,552 |
| State/local grants | 0% | — |
| Federal student loans | 71% | $8,436 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At this school, about 55% of undergraduates were awarded an average grant or scholarship of $5,751 (for some 86 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 55% | $5,751 |
| Federal Pell grants | 49% | $5,001 |
| Federal student loans | 50% | $7,619 |
Title-IV recipients living on campus saw average grant aid of $5,514.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $13,032 |
| $30,001 – $75,000 | $15,256 |
| Over $75,000 | $18,880 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $14,257 |
| Off-campus title-IV students | $15,309 |
To get a personalized net price estimate, try Paul Mitchell the School Arkansas’s official net price calculator: paulmitchell.edu/arkansas/tuition-calculator.
The median federal debt load at Paul Mitchell the School Arkansas comes to $9,753 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,753 |
| Median federal debt (graduates only) | $9,833 |
| Typical 10-year monthly payment (graduates) | $104.25/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
A single median figure conceals how much debt outcomes differ student to student. The percentiles below describe the cumulative federal debt distribution for borrowers at Paul Mitchell the School Arkansas.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $7,263 |
| 75th percentile | $16,500 |
| 90th percentile (highest-debt students) | $16,500 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $7,692 |
| Middle income | $9,833 |
| High income | $9,817 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $9,801 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,753 |
| Independent students | $9,736 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Paul Mitchell the School Arkansas.
Most undergraduate borrowing runs through the federal Stafford loan program. The aggregate figures below show how active the program is at Paul Mitchell the School Arkansas:
| Metric | Value |
|---|---|
| Stafford loan recipients | 838 |
| Total Stafford loan amount | $8,006,541 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 1 |
| Total GI Bill amount | $16,000 |
| Average GI Bill amount per recipient | $16,000 |
References
More about our data sources and methodologies.