by our College Data Analytics TeamThe majority of students will not be asked to pay the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total price of attendance at Paul Mitchell the School Lexington can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
What financing options does Paul Mitchell the School Lexington offer, and what will you qualify for? Keep scrolling for more information. Keep going to find out what amount of financial assistance will be accessible to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. The figures below will help you estimate the aid you might receive from Paul Mitchell the School Lexington.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
For incoming first-year students at Paul Mitchell the School Lexington, 83% of the incoming full-time class was awarded financial aid around 39 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 64% | $6,550 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 64% | $6,167 |
| State/local grants | 0% | — |
| Federal student loans | 81% | $8,474 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At Paul Mitchell the School Lexington, around 51% of undergraduates were awarded an average grant or scholarship of $6,089 (among about 138 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 51% | $6,089 |
| Federal Pell grants | 51% | $5,793 |
| Federal student loans | 47% | $7,973 |
Title-IV recipients living on campus saw average grant aid of $5,039.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $21,670 |
| $30,001 – $75,000 | $21,476 |
| Over $75,000 | $26,423 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $23,464 |
| Off-campus title-IV students | $22,869 |
To project your own net price, use Paul Mitchell the School Lexington’s official net price calculator: paulmitchell.edu/lexington/tuition-calculator.
A typical borrower at Paul Mitchell the School Lexington leaves with $9,833 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,833 |
| Median federal debt (graduates only) | $9,833 |
| Typical 10-year monthly payment (graduates) | $104.25/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Looking only at the median can be misleading because it hides the spread. These percentiles trace how cumulative federal debt is spread among borrowers at 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 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $9,833 |
| Middle income | $9,833 |
| High income | $9,833 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,833 |
| Continuing-generation students | $9,833 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,833 |
| Independent students | $13,000 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Paul Mitchell the School Lexington.
Most undergraduate borrowing runs through the federal Stafford loan program. The annual Stafford volume below reflects program activity at Paul Mitchell the School Lexington:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1576 |
| Total Stafford loan amount | $19,888,079 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 0 |
| Total GI Bill amount | $0 |
References
More about our data sources and methodologies.