by our College Data Analytics TeamThis page focuses on the debt students take on to attend Paul Mitchell the School Columbus: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. All figures come from the U.S. Department of Education and IPEDS.
At Paul Mitchell the School Columbus, 80% of incoming students take out a loan to help cover first-year costs, borrowing on average $8,417 per borrower, covering both private and federal loans.
The typical federal loan comes to $8,417. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Counting every undergraduate at Paul Mitchell the School Columbus, 68% rely on federal student loans toward their education, borrowing on average $8,058 annually. This is 4.3% lower than the $8,417 borrowed by freshmen.
At a steady annual pace, that totals around $16,116 in two years and roughly $32,232 across a four-year program. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 68% |
| Average federal loan per year | $8,058 |
| Undergraduates with a federal loan | 183 |
| Total federal loans (one year) | $1,474,681 |
The middle borrower at Paul Mitchell the School Columbus owes $9,833 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,833 |
| Students who completed (graduates) | $9,833 |
| 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Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.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 Columbus.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,312 |
| 25th percentile | $6,239 |
| 75th percentile | $16,500 |
| 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 Columbus.
The figures above count only the students own federal loans. Adding PLUS loans (borrowed by parents or graduate students) gives a fuller picture of total borrowing at Paul Mitchell the School Columbus.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 41 | $9,400 |
The indicators below describe what the typical debt costs to pay back at Paul Mitchell the School Columbus.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The official Department of Education two-year default rate for Paul Mitchell the School Columbus is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 8.3% |
| Borrowers in the cohort | 24 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
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 | $9,833 |
| Middle income | $9,833 |
| High income | $9,833 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,833 |
| Continuing-generation students | $9,833 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,833 |
| Independent students | $16,500 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Paul Mitchell the School Columbus.
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.
Did You Know?
Declaring bankruptcy does not erase federal student loan debt. If you stop paying, the federal government can garnish a portion of your wages until the loans are repaid.
References
More about our data sources and methodologies.