by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Paul Mitchell the School Gastonia— 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.
Among first-year students at Paul Mitchell the School Gastonia, 69% of incoming undergraduates borrow in year one, averaging $7,912 per student, private and federal loans combined.
The typical federal loan comes to $7,912. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
Counting every undergraduate at Paul Mitchell the School Gastonia, 51% rely on federal student loans toward their education, with a mean of $7,450 annually. That amounts to 5.8% below the $7,912 typical freshmen borrow.
Carrying that yearly figure forward comes to roughly $14,900 by year two and around $29,800 over a four-year span. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 51% |
| Average federal loan per year | $7,450 |
| Undergraduates with a federal loan | 159 |
| Total federal loans (one year) | $1,184,575 |
The median student at Paul Mitchell the School Gastonia borrows $9,500 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,500 |
| Students who completed (graduates) | $12,874 |
| Students who withdrew | $4,750 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Paul Mitchell the School Gastonia.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $5,500 |
| 75th percentile | $16,500 |
| 90th percentile (highest-debt students) | $16,500 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Paul Mitchell the School Gastonia.
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 Gastonia.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 104 | $9,616 |
| Completed (graduates) | 71 | $10,300 |
| Did not complete | 33 | $5,000 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $122.48/mo.
The indicators below describe what the typical debt costs to pay back at Paul Mitchell the School Gastonia.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. Two-year cohort default-rate data for Paul Mitchell the School Gastonia follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 20.6% |
| Borrowers in the cohort | 223 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $9,833 |
| High income | $9,400 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $9,833 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,500 |
| Independent students | $10,137 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Paul Mitchell the School Gastonia.
The Difference Between 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.
Worth Knowing
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.