by our College Data Analytics TeamA large number of 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 Michigan can seem tremendous, but do not forget that almost all students are given some form of financial help.
What financial aid options can Paul Mitchell the School Michigan offer, and what will you qualify for? Keep reading for more information. Keep reading to see just how much financial aid could be open to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. The figures below will help you estimate the aid you might receive from Paul Mitchell the School Michigan.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
For freshmen starting at Paul Mitchell the School Michigan, 80% of first-time, full-time freshmen received some form of financial aid some 8 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 60% | $8,483 |
| Institutional grants & scholarships | 10% | $1,500 |
| Federal Pell grants | 60% | $8,233 |
| State/local grants | 0% | — |
| Federal student loans | 70% | $10,131 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At Paul Mitchell the School Michigan, approximately 42% of undergraduate students received gift aid averaging $4,911 (covering around 86 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 42% | $4,911 |
| Federal Pell grants | 38% | $4,890 |
| Federal student loans | 43% | $7,314 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $8,087.
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 | $15,755 |
| $30,001 – $75,000 | $18,015 |
| Over $75,000 | $21,261 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $12,625 |
| Off-campus title-IV students | $17,661 |
For a customized cost estimate, visit Paul Mitchell the School Michigan’s net price calculator: paulmitchell.edu/sterlingheights/tuition-calculator.
The median student at Paul Mitchell the School Michigan graduates with $9,500 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,500 |
| Median federal debt (graduates only) | $13,000 |
| Typical 10-year monthly payment (graduates) | $137.82/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
The median alone does not show how widely outcomes vary across the student body. Use the percentiles below to see the debt range at Paul Mitchell the School Michigan.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,596 |
| 25th percentile | $5,500 |
| 75th percentile | $13,000 |
| 90th percentile (highest-debt students) | $16,500 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,584 |
| Independent students | $12,587 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Paul Mitchell the School Michigan.
Stafford loans make up the bulk of federal direct lending to undergraduates. The annual Stafford volume below reflects program activity at Paul Mitchell the School Michigan:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1510 |
| Total Stafford loan amount | $14,122,711 |
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.