by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Paul Mitchell the School Lexington, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
Looking at the entering class at Paul Mitchell the School Lexington, 81% of new students use loans toward freshman-year expenses, for an average of $8,474 apiece. This figure includes both private and federally funded student loans.
On the federal side, the average loan is $8,474. This meets or exceeds the $5,500 cap on first-year federal borrowing for the typical dependent freshman. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
Across the full undergraduate body at Paul Mitchell the School Lexington (freshmen included), 47% take out federal student loans, at an average of $7,973 per year. That amounts to 5.9% below the $8,474 freshmen take on.
Carrying that yearly figure forward comes to roughly $15,946 across two years and $31,892 by the fourth year. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 47% |
| Average federal loan per year | $7,973 |
| Undergraduates with a federal loan | 127 |
| Total federal loans (one year) | $1,012,550 |
The median student at Paul Mitchell the School Lexington borrows $9,833 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,833 |
| Students who completed (graduates) | $9,833 |
| Students who withdrew | $5,500 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.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 Lexington.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $5,500 |
| 75th percentile | $17,952 |
| 90th percentile (highest-debt students) | $20,000 |
How wide this percentile range is tells you how much borrowing varies across students at Paul Mitchell the School Lexington.
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 Lexington.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 54 | $11,423 |
These figures turn the debt totals into a monthly repayment picture for Paul Mitchell the School Lexington.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The official Department of Education two-year default rate for Paul Mitchell the School Lexington appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 11.8% |
| Borrowers in the cohort | 101 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
Borrowing varies by family income, by first-generation status, and by dependency status.
By Family Income
| 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 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,833 |
| Independent students | $13,000 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Paul Mitchell the School Lexington.
Subsidized vs. Unsubsidized Loans
Unsubsidized federal student loans accrue interest every month — even while you are still enrolled. Unless you pay that interest as it builds, the balance you owe at graduation can be noticeably higher than the amount you originally borrowed.
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.