by our College Data Analytics TeamThe majority 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 sum total of attendance at Paul Mitchell the School Roanoke can sound tremendous, but do not forget that almost all students get some type of financial help.
Just what financial assistance solutions will Paul Mitchell the School Roanoke deliver, and just what are you going to be eligible for? Read on for answers. Read on to see just how much financial aid could be open to you.
How much aid you qualify for depends largely on your family’s financial circumstances. The figures below will help you estimate the aid you might receive from Paul Mitchell the School Roanoke.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
Looking at the entering class at Paul Mitchell the School Roanoke, 100% of new full-time first-years were awarded at least some aid roughly 48 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 71% | $6,799 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 71% | $6,698 |
| State/local grants | 0% | — |
| Federal student loans | 81% | $8,395 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At Paul Mitchell the School Roanoke, about 68% of undergrads got grants or scholarships worth on average $6,358 (across roughly 136 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 68% | $6,358 |
| Federal Pell grants | 68% | $6,172 |
| Federal student loans | 71% | $7,810 |
For students living on campus and receiving title-IV aid, grants averaged $5,254.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $15,413 |
| $30,001 – $75,000 | $18,825 |
| Over $75,000 | $20,027 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $20,318 |
| Off-campus title-IV students | $17,293 |
For a personalized estimate based on your family’s financial situation, use Paul Mitchell the School Roanoke’s net price tool: paulmitchell.edu/roanoke/tuition-calculator.
Graduating students at Paul Mitchell the School Roanoke carry a median federal student debt of $9,500 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,500 |
| Median federal debt (graduates only) | $9,833 |
| Typical 10-year monthly payment (graduates) | $104.25/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
A single median figure conceals how much debt outcomes differ student to student. The percentiles below describe the cumulative federal debt distribution for borrowers at Paul Mitchell the School Roanoke.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,357 |
| 25th percentile | $4,750 |
| 75th percentile | $13,913 |
| 90th percentile (highest-debt students) | $16,500 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,691 |
| Independent students | $9,500 |
The figure below distills the debt data into a single burden category for Paul Mitchell the School Roanoke.
Stafford loans are the federal government’s primary direct undergraduate lending program. The totals below capture Stafford lending at Paul Mitchell the School Roanoke:
| Metric | Value |
|---|---|
| Stafford loan recipients | 791 |
| Total Stafford loan amount | $6,778,608 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 2 |
| Total GI Bill amount | $37,684 |
| Average GI Bill amount per recipient | $18,842 |
References
More about our data sources and methodologies.