by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Paul Mitchell the School Pasadena— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. All figures come from the U.S. Department of Education and IPEDS.
Looking at the entering class at Paul Mitchell the School Pasadena, 17% of incoming undergraduates borrow in year one, borrowing on average $5,500 apiece. This figure includes both private and federally funded student loans.
The typical federal loan comes to $5,500, equal to roughly 100.0% of the typical first-year dependent student borrowing cap of $5,500. 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 Pasadena, freshmen included, 35% finance part of their studies with federal loans, borrowing on average $6,602 per year. It comes to 20.0% above the first-year federal average of $5,500.
Borrowing at that rate every year works out to about $13,204 over two years and about $26,408 after four. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 35% |
| Average federal loan per year | $6,602 |
| Undergraduates with a federal loan | 111 |
| Total federal loans (one year) | $732,831 |
The median student at Paul Mitchell the School Pasadena borrows $6,333 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,333 |
| Students who completed (graduates) | $6,333 |
| Students who withdrew | $4,750 |
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 Pasadena.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,666 |
| 25th percentile | $5,500 |
| 75th percentile | $14,541 |
| 90th percentile (highest-debt students) | $17,667 |
How wide this percentile range is tells you how much borrowing varies across students at Paul Mitchell the School Pasadena.
The figures above count only the students own federal loans. Adding PLUS loans (borrowed by parents or graduate students) gives a fuller picture of total borrowing at Paul Mitchell the School Pasadena.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 54 | $10,254 |
| Completed (graduates) | 33 | $10,527 |
| Did not complete | 21 | $5,569 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $125.18/mo.
These figures turn the debt totals into a monthly repayment picture for Paul Mitchell the School Pasadena.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The official Department of Education two-year default rate for Paul Mitchell the School Pasadena follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 14.1% |
| Borrowers in the cohort | 99 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
Borrowing varies by family income, by first-generation status, and by dependency status.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $6,333 |
| Middle income | $6,333 |
| High income | $5,500 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,333 |
| Continuing-generation students | $6,333 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $6,333 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Paul Mitchell the School Pasadena.
The Difference Between Subsidized and Unsubsidized Loans
With an unsubsidized loan, interest starts adding up the day the loan is disbursed, including during school. Subsidized loans, by contrast, do not accrue interest while you are enrolled at least half-time, which makes them the less expensive option when you qualify.
Worth Knowing
Federal student loans are not discharged in bankruptcy in all but the rarest cases, and the government can withhold part of your income or tax refund if you default.
References
More about our data sources and methodologies.