by our College Data Analytics TeamA lot of 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 total cost of going to Paul Mitchell the School Cleveland can seem overpowering, but remember that the majority of students are given some form of financial assistance.
What financial aid options can Paul Mitchell the School Cleveland offer, and what will you qualify for? Keep reading for more information. Read on to discover what amount of financial assistance could be accessible to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Read on to get a sense of the financial assistance available at Paul Mitchell the School Cleveland.
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.
Looking at the entering class at Paul Mitchell the School Cleveland, 86% of entering full-time freshmen got some type of financial assistance approximately 49 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 63% | $5,781 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 63% | $5,781 |
| State/local grants | 0% | — |
| Federal student loans | 86% | $7,333 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At Paul Mitchell the School Cleveland, about 67% of the undergraduate population received grant aid that averaged $5,331 (among about 177 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 67% | $5,331 |
| Federal Pell grants | 67% | $5,257 |
| Federal student loans | 75% | $7,517 |
On-campus students receiving title-IV aid were awarded grants averaging $4,316.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $20,389 |
| $30,001 – $75,000 | $23,591 |
Each figure is the net price after grants and scholarships, not the published sticker price.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $27,260 |
| Off-campus title-IV students | $20,344 |
For a customized cost estimate, visit Paul Mitchell the School Cleveland’s NPC: paulmitchell.edu/cleveland/tuition-calculator.
The middle student in the debt distribution at Paul Mitchell the School Cleveland owes $9,833 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,833 |
| Median federal debt (graduates only) | $9,833 |
| Typical 10-year monthly payment (graduates) | $104.25/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The median alone does not show how widely outcomes vary across the student body. These percentiles trace how cumulative federal debt is spread among borrowers at Paul Mitchell the School Cleveland.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $8,500 |
| 75th percentile | $16,500 |
| 90th percentile (highest-debt students) | $16,500 |
Median debt varies by family income, by first-generation status, and by dependency status.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $9,833 |
| Middle income | $9,833 |
| High income | $9,833 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,833 |
| Continuing-generation students | $9,833 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,833 |
| Independent students | $14,465 |
The figure below distills the debt data into a single burden category for Paul Mitchell the School Cleveland.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The aggregate figures below show how active the program is at Paul Mitchell the School Cleveland:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1216 |
| Total Stafford loan amount | $14,025,759 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 0 |
| Total GI Bill amount | $0 |
References
More about our data sources and methodologies.