by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Paul Mitchell the School Merrillville, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
At Paul Mitchell the School Merrillville specifically, 75% of new students use loans toward freshman-year expenses, borrowing on average $9,055 each — a figure that counts both private and federal student loans.
On the federal side, the average loan is $9,055. This reaches or tops the $5,500 first-year federal borrowing cap for a typical dependent student. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
Looking at all undergraduates at Paul Mitchell the School Merrillville, freshmen included, 67% finance part of their studies with federal loans, at an average of $6,901 a year. That amounts to 23.8% smaller than the $9,055 borrowed by freshmen.
Carrying that yearly figure forward comes to roughly $13,802 after two years and $27,604 across a four-year program. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 67% |
| Average federal loan per year | $6,901 |
| Undergraduates with a federal loan | 102 |
| Total federal loans (one year) | $703,879 |
The middle borrower at Paul Mitchell the School Merrillville owes $9,833 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,833 |
| Students who completed (graduates) | $9,833 |
| Students who withdrew | $5,125 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Paul Mitchell the School Merrillville.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $5,500 |
| 75th percentile | $10,500 |
These figures turn the debt totals into a monthly repayment picture for Paul Mitchell the School Merrillville.
Borrowing varies by family income, by first-generation status, and by dependency status.
Borrowing 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 Borrowing
| 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 | $16,392 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Paul Mitchell the School Merrillville.
The Difference Between Subsidized and 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
Unlike most other debt, federal student loans generally survive bankruptcy — and unpaid balances can lead to wage garnishment — so borrow only what you truly need.
References
More about our data sources and methodologies.