by our College Data Analytics TeamMany students will not be asked to pay the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The price tag of going to Paul Mitchell the School Lombard can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
What financial aid options can Paul Mitchell the School Lombard offer you, and what will you qualify for? Keep reading for more information. Keep reading to see how much school funding could be available 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 Lombard.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. 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 Lombard, 82% of first-year full-time students received aid of some kind around 18 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 55% | $6,412 |
| Institutional grants & scholarships | 5% | $500 |
| Federal Pell grants | 55% | $6,370 |
| State/local grants | 0% | — |
| Federal student loans | 73% | $9,104 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At Paul Mitchell the School Lombard, approximately 41% of the undergraduate population received grant aid that averaged $5,271 (across approximately 42 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 41% | $5,271 |
| Federal Pell grants | 39% | $5,484 |
| Federal student loans | 50% | $7,564 |
Title-IV recipients living on campus saw average grant aid of $4,275.
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 | $17,337 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $20,042 |
| Off-campus title-IV students | $17,337 |
For a customized cost estimate, visit Paul Mitchell the School Lombard’s net price calculator: paulmitchell.edu/lombard/tuition-calculator.
A typical borrower at Paul Mitchell the School Lombard leaves with $9,500 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,500 |
| Median federal debt (graduates only) | $13,598 |
| Typical 10-year monthly payment (graduates) | $144.16/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The numbers below show the full range, not just the middle of the distribution. These percentiles trace how cumulative federal debt is spread among borrowers at Paul Mitchell the School Lombard.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,825 |
| 25th percentile | $5,950 |
| 75th percentile | $15,222 |
| 90th percentile (highest-debt students) | $16,500 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $9,833 |
| High income | $9,833 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,684 |
| Continuing-generation students | $9,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,624 |
| Independent students | $9,500 |
A handful of calculated indicators summarize the debt outlook at Paul Mitchell the School Lombard.
Most undergraduate borrowing runs through the federal Stafford loan program. The aggregate figures below show how active the program is at Paul Mitchell the School Lombard:
| Metric | Value |
|---|---|
| Stafford loan recipients | 2856 |
| Total Stafford loan amount | $31,608,193 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
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.