by our College Data Analytics TeamThe majority of students will not be asked to pay the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The sum total of attendance at Paul Mitchell the School Indianapolis can sound tremendous, but do not forget that almost all students get some type of financial help.
Just what financial assistance solutions will Paul Mitchell the School Indianapolis deliver, and just what are you going to be eligible for? Read on for answers. Read on to learn just how much financial aid will be open to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Use the information below to understand how much financial assistance you may get from Paul Mitchell the School Indianapolis.
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.
Among first-time, full-time freshmen at Paul Mitchell the School Indianapolis, 88% of new full-time first-years were awarded at least some aid around 37 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 52% | $5,451 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 52% | $5,451 |
| State/local grants | 0% | — |
| Federal student loans | 88% | $8,519 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. Here, around 32% of undergraduates were awarded grant or scholarship aid averaging $5,378 (covering around 86 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 32% | $5,378 |
| Federal Pell grants | 32% | $5,378 |
| Federal student loans | 44% | $7,373 |
On-campus students receiving title-IV aid were awarded grants averaging $3,241.
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 | $12,485 |
| $30,001 – $75,000 | $13,961 |
| Over $75,000 | $17,697 |
Each figure is the net price after grants and scholarships, not the published sticker price.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $18,923 |
| Off-campus title-IV students | $14,406 |
To get a personalized net price estimate, try Paul Mitchell the School Indianapolis’s net price tool: paulmitchell.edu/indianapolis/tuition-calculator.
The median student at Paul Mitchell the School Indianapolis graduates with $8,500 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $8,500 |
| Median federal debt (graduates only) | $9,500 |
| Typical 10-year monthly payment (graduates) | $100.72/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
The numbers below show the full range, not just the middle of the distribution. The figures below chart the debt distribution at Paul Mitchell the School Indianapolis.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $7,833 |
| 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.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $8,462 |
| Middle income | $8,400 |
| High income | $9,540 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,990 |
| Continuing-generation students | $9,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,818 |
| Independent students | $9,459 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Paul Mitchell the School Indianapolis.
Stafford loans are the federal government’s primary direct undergraduate lending program. Below is the annual Stafford program activity at Paul Mitchell the School Indianapolis:
| Metric | Value |
|---|---|
| Stafford loan recipients | 936 |
| Total Stafford loan amount | $8,761,100 |
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.