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 total cost of going to Paul Mitchell the School Merrillville can seem overpowering, but remember that the majority of students are given some form of financial assistance.
Just what financial aid solutions can Paul Mitchell the School Merrillville provide, and just what are you going to be eligible for? Keep reading for answers. Scroll down to learn just how much financial aid will be open 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 Merrillville.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. However, some types of aid are more desirable than others, and some students will receive more than others.
Among first-time, full-time freshmen at Paul Mitchell the School Merrillville, 75% of entering full-time freshmen got some type of financial assistance some 6 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 25% | $7,395 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 25% | $7,395 |
| State/local grants | 0% | — |
| Federal student loans | 75% | $9,055 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At Paul Mitchell the School Merrillville, some 43% of undergraduates were awarded grant or scholarship aid averaging $5,693 (among about 66 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 43% | $5,693 |
| Federal Pell grants | 43% | $5,693 |
| Federal student loans | 67% | $6,901 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $2,465.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $13,654 |
| $30,001 – $75,000 | $19,350 |
| Over $75,000 | $18,792 |
Remember these are net prices — what families pay after gift aid, not before.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $26,955 |
| Off-campus title-IV students | $16,793 |
To project your own net price, use Paul Mitchell the School Merrillville’s net price calculator: paulmitchell.edu/merrillville/tuition-calculator.
A typical borrower at Paul Mitchell the School Merrillville 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.
The median alone does not show how widely outcomes vary across the student body. These percentiles trace how cumulative federal debt is spread among borrowers at Paul Mitchell the School Merrillville.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $5,500 |
| 75th percentile | $10,500 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
By Family Income
| 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 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,833 |
| Independent students | $16,392 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Paul Mitchell the School Merrillville.
The Stafford program is the federal direct-loan vehicle most undergraduates use. Below is the annual Stafford program activity at Paul Mitchell the School Merrillville:
| Metric | Value |
|---|---|
| Stafford loan recipients | 359 |
| Total Stafford loan amount | $3,344,776 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 0 |
| Total GI Bill amount | $0 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.