by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Paul Mitchell the School Louisville, 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 Louisville, 64% of incoming undergraduates borrow in year one, borrowing on average $7,639 apiece. This figure includes both private and federally funded student loans.
The typical federal loan comes to $7,639. That sits at or beyond the $5,500 first-year federal limit for a typical dependent student. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
Among all degree-seeking undergrads at Paul Mitchell the School Louisville, 50% take out federal student loans, for a typical $7,163 a year. That is 6.2% lower than the freshman federal average of $7,639.
Repeating that yearly amount projects to about $14,326 in two years and roughly $28,652 after four. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 50% |
| Average federal loan per year | $7,163 |
| Undergraduates with a federal loan | 176 |
| Total federal loans (one year) | $1,260,759 |
The median student at Paul Mitchell the School Louisville 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 | $4,750 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Paul Mitchell the School Louisville.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $5,500 |
| 75th percentile | $14,000 |
| 90th percentile (highest-debt students) | $20,000 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Paul Mitchell the School Louisville.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Paul Mitchell the School Louisville.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 54 | $9,200 |
The indicators below describe what the typical debt costs to pay back at Paul Mitchell the School Louisville.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. Two-year cohort default-rate data for Paul Mitchell the School Louisville appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 14.3% |
| Borrowers in the cohort | 132 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Borrowing by Income Tier
| 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 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,833 |
| Independent students | $16,500 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Paul Mitchell the School Louisville.
Subsidized vs. Unsubsidized Loans
Subsidized loans pause interest while you are in school; unsubsidized loans do not. That difference compounds over four years, so the type of loan you take matters as much as the amount.
Worth Knowing
Federal student loans are not discharged in bankruptcy in all but the rarest cases, and the government can withhold part of your income or tax refund if you default.
References
More about our data sources and methodologies.