by our College Data Analytics TeamThis page focuses on the debt students take on to attend Paul Mitchell the School Richland, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
For incoming students at Paul Mitchell the School Richland, 95% of new students use loans toward freshman-year expenses, with a typical loan of $7,434 each — a figure that counts both private and federal student loans.
The average federally funded loan is $7,434. That is at or past the $5,500 federal first-year limit for the typical dependent freshman. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Counting every undergraduate at Paul Mitchell the School Richland, 59% rely on federal student loans toward their education, at an average of $6,893 each per year. That amounts to 7.3% lower than the $7,434 typical freshmen borrow.
Repeating that yearly amount projects to about $13,786 by year two and around $27,572 over four years. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 59% |
| Average federal loan per year | $6,893 |
| Undergraduates with a federal loan | 268 |
| Total federal loans (one year) | $1,847,277 |
The median student at Paul Mitchell the School Richland borrows $8,028 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $8,028 |
| Students who completed (graduates) | $9,917 |
| Students who withdrew | $4,750 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Paul Mitchell the School Richland.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,037 |
| 25th percentile | $5,500 |
| 75th percentile | $10,556 |
| 90th percentile (highest-debt students) | $17,666 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Paul Mitchell the School Richland.
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 Richland.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 114 | $8,304 |
| Completed (graduates) | 89 | $8,316 |
| Did not complete | 25 | $7,637 |
On a standard 10-year plan, the median completing borrower would pay about $98.89/mo.
These figures turn the debt totals into a monthly repayment picture for Paul Mitchell the School Richland.
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 Richland is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 3.7% |
| Borrowers in the cohort | 53 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $8,028 |
| Middle income | $7,917 |
| High income | $8,319 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $8,028 |
| Continuing-generation students | $7,644 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,653 |
| Independent students | $9,500 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Paul Mitchell the School Richland.
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
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.