by our College Data Analytics TeamA large number of 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 price tag of going to Paul Mitchell the School-Murfreesboro-Nashville can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
Just what financial aid solutions can Paul Mitchell the School-Murfreesboro-Nashville provide, and just what are you going to be eligible for? Keep reading for answers. Read on to discover how much school funding could be available to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Read on to get a sense of the financial assistance available at Paul Mitchell the School-Murfreesboro-Nashville.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
For freshmen starting at Paul Mitchell the School-Murfreesboro-Nashville, 71% of entering full-time freshmen got some type of financial assistance roughly 17 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 50% | $5,783 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 50% | $5,783 |
| State/local grants | 0% | — |
| Federal student loans | 54% | $6,930 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. Across the undergraduate body at Paul Mitchell the School-Murfreesboro-Nashville, around 45% of undergraduate students received gift aid averaging $5,158 (among about 185 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 45% | $5,158 |
| Federal Pell grants | 45% | $5,158 |
| Federal student loans | 48% | $6,975 |
On-campus students receiving title-IV aid were awarded grants averaging $4,959.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $21,267 |
| $30,001 – $75,000 | $21,113 |
| Over $75,000 | $24,902 |
Each figure is the net price after grants and scholarships, not the published sticker price.
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 | $22,587 |
| Off-campus title-IV students | $21,895 |
To get a personalized net price estimate, try Paul Mitchell the School-Murfreesboro-Nashville’s online cost calculator: paulmitchell.edu/nashville/tuition-calculator.
The median federal debt load at Paul Mitchell the School-Murfreesboro-Nashville comes to $7,917 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,917 |
| Median federal debt (graduates only) | $7,917 |
| Typical 10-year monthly payment (graduates) | $83.93/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
A single median figure conceals how much debt outcomes differ student to student. Use the percentiles below to see the debt range at Paul Mitchell the School-Murfreesboro-Nashville.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,500 |
| 25th percentile | $5,500 |
| 75th percentile | $16,298 |
| 90th percentile (highest-debt students) | $16,500 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $7,917 |
| Middle income | $7,917 |
| High income | $5,500 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,917 |
| Continuing-generation students | $7,917 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $7,917 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Paul Mitchell the School-Murfreesboro-Nashville.
The Stafford program is the federal direct-loan vehicle most undergraduates use. These figures summarize annual Stafford program activity at Paul Mitchell the School-Murfreesboro-Nashville:
| Metric | Value |
|---|---|
| Stafford loan recipients | 2979 |
| Total Stafford loan amount | $29,630,852 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 8 |
| Total GI Bill amount | $163,541 |
| Average GI Bill amount per recipient | $20,443 |
References
More about our data sources and methodologies.