by our College Data Analytics TeamMost students will not be asked to pay the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The total price of attendance at Paul Mitchell the School Gastonia can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
Just what financial aid solutions can Paul Mitchell the School Gastonia deliver, and just what are you going to be eligible for? Keep reading for answers. Scroll down to discover just how much financial aid could be open to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Continue reading to find information to help you understand just how much assistance you can expect to receive from Paul Mitchell the School Gastonia.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. However, some types of aid are more desirable than others, and some students will receive more than others.
For freshmen starting at Paul Mitchell the School Gastonia, 78% of new full-time first-years were awarded at least some aid around 28 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 53% | $5,755 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 53% | $5,755 |
| State/local grants | 0% | — |
| Federal student loans | 69% | $7,912 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At this school, roughly 45% of undergraduates were awarded grant or scholarship aid averaging $5,359 (for some 138 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 45% | $5,359 |
| Federal Pell grants | 44% | $5,233 |
| Federal student loans | 51% | $7,450 |
Title-IV recipients living on campus saw average grant aid of $3,905.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $15,034 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $23,033 |
| Off-campus title-IV students | $15,034 |
For an estimate tailored to your family circumstances, see Paul Mitchell the School Gastonia’s official net price calculator: paulmitchell.edu/charlotte/tuition-calculator.
The median student at Paul Mitchell the School Gastonia graduates with $9,500 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,500 |
| Median federal debt (graduates only) | $12,874 |
| Typical 10-year monthly payment (graduates) | $136.49/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
The median alone does not show how widely outcomes vary across the student body. The percentiles below describe the cumulative federal 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 |
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 | $9,500 |
| Middle income | $9,833 |
| High income | $9,400 |
First-Generation Comparison
| 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 |
These indicators are derived from the underlying debt data and summarize the overall picture at Paul Mitchell the School Gastonia.
Most undergraduate borrowing runs through the federal Stafford loan program. The totals below capture Stafford lending at Paul Mitchell the School Gastonia:
| Metric | Value |
|---|---|
| Stafford loan recipients | 3040 |
| Total Stafford loan amount | $35,925,919 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 6 |
| Total GI Bill amount | $88,959 |
| Average GI Bill amount per recipient | $14,827 |
References
More about our data sources and methodologies.