by our College Data Analytics TeamA lot of students are not billed the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The sum total of attendance at Paul Mitchell the School Salt Lake City can sound overpowering, but remember that the majority of students get some type of financial assistance.
What financial aid options can Paul Mitchell the School Salt Lake City offer you, and what will you qualify for? Keep reading for more information. Keep going to learn just how much financial aid will be open to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Read on to get a sense of the financial assistance available at Paul Mitchell the School Salt Lake City.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
Among first-time, full-time freshmen at Paul Mitchell the School Salt Lake City, 71% of the incoming full-time class was awarded financial aid (about 22 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 48% | $4,594 |
| Institutional grants & scholarships | 6% | $500 |
| Federal Pell grants | 45% | $4,851 |
| State/local grants | 0% | — |
| Federal student loans | 55% | $7,245 |
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 this school, about 38% of the undergraduate population received grant aid that averaged $4,814 (among about 148 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 38% | $4,814 |
| Federal Pell grants | 36% | $4,157 |
| Federal student loans | 39% | $6,174 |
For students living on campus and receiving title-IV aid, grants averaged $3,104.
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 | $10,776 |
| $30,001 – $75,000 | $13,358 |
| Over $75,000 | $17,671 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $22,214 |
| Off-campus title-IV students | $13,704 |
To project your own net price, use Paul Mitchell the School Salt Lake City’s official net price calculator: paulmitchell.edu/saltlakecity/tuition-calculator.
The median federal debt load at Paul Mitchell the School Salt Lake City comes to $7,666 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,666 |
| Median federal debt (graduates only) | $9,500 |
| Typical 10-year monthly payment (graduates) | $100.72/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The median alone does not show how widely outcomes vary across the student body. These percentiles trace how cumulative federal debt is spread among borrowers at Paul Mitchell the School Salt Lake City.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,814 |
| 25th percentile | $5,500 |
| 75th percentile | $13,583 |
| 90th percentile (highest-debt students) | $17,666 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $8,139 |
| Middle income | $8,176 |
| High income | $5,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,500 |
| Continuing-generation students | $8,426 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
These indicators are derived from the underlying debt data and summarize the overall picture at Paul Mitchell the School Salt Lake City.
Stafford loans are the federal government’s primary direct undergraduate lending program. The annual Stafford volume below reflects program activity at Paul Mitchell the School Salt Lake City:
| Metric | Value |
|---|---|
| Stafford loan recipients | 2957 |
| Total Stafford loan amount | $31,563,960 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 0 |
| Total GI Bill amount | $0 |
References
More about our data sources and methodologies.