by our College Data Analytics TeamMost students will never be charged 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 cost of going to Paul Mitchell the School Memphis can seem overpowering, but remember that the majority of students are given some form of financial assistance.
What financial aid options can Paul Mitchell the School Memphis offer, and what will you qualify for? Keep reading for more information. Scroll down to discover just how much financial aid could 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 Memphis.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For freshmen starting at Paul Mitchell the School Memphis, 96% of new full-time first-years were awarded at least some aid around 43 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 87% | $7,053 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 87% | $7,053 |
| State/local grants | 0% | — |
| Federal student loans | 96% | $7,837 |
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 Memphis, around 65% of undergraduates were awarded grant or scholarship aid averaging $5,860 (among about 174 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 65% | $5,860 |
| Federal Pell grants | 65% | $5,860 |
| Federal student loans | 62% | $8,108 |
For on-campus title-IV students, average grant aid came to $5,861.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $20,861 |
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 | $18,186 |
| Off-campus title-IV students | $20,861 |
To get a personalized net price estimate, try Paul Mitchell the School Memphis’s official net price calculator: paulmitchell.edu/memphis/tuition-calculator.
A typical borrower at Paul Mitchell the School Memphis leaves with $9,833 of cumulative federal debt.
| 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 |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. Use the percentiles below to see the debt range at Paul Mitchell the School Memphis.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,109 |
| 25th percentile | $5,500 |
| 75th percentile | $13,833 |
| 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 | $9,833 |
| Middle income | $9,500 |
| High income | $9,664 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,833 |
| Continuing-generation students | $9,833 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,500 |
| Independent students | $13,833 |
These indicators are derived from the underlying debt data and summarize the overall picture at Paul Mitchell the School Memphis.
Stafford loans are the federal government’s primary direct undergraduate lending program. These figures summarize annual Stafford program activity at Paul Mitchell the School Memphis:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1417 |
| Total Stafford loan amount | $13,367,577 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 1 |
| Total GI Bill amount | $19,968 |
| Average GI Bill amount per recipient | $19,968 |
References
More about our data sources and methodologies.