by our College Data Analytics TeamA lot of students will not be asked to pay the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The price tag of going to Paul Mitchell the School Schenectady can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
Just what financial assistance solutions will Paul Mitchell the School Schenectady provide, and just what are you going to be eligible for? Read on for answers. Scroll down to find out how much school funding will be available to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. The information provided on this page can help you determine how much aid you may receive from Paul Mitchell the School Schenectady.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. However, some types of aid are more desirable than others, and some students will receive more than others.
For incoming first-year students at Paul Mitchell the School Schenectady, 84% of first-time, full-time freshmen received some form of financial aid around 42 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 72% | $5,316 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 72% | $4,261 |
| State/local grants | 0% | — |
| Federal student loans | 68% | $6,903 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. Across the undergraduate body at Paul Mitchell the School Schenectady, about 54% of undergraduates were awarded an average grant or scholarship of $6,057 (covering around 103 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 54% | $6,057 |
| Federal Pell grants | 50% | $4,424 |
| Federal student loans | 58% | $6,413 |
Title-IV recipients living on campus saw average grant aid of $8,225.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $25,008 |
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 | $19,058 |
| Off-campus title-IV students | $25,008 |
For an estimate tailored to your family circumstances, see Paul Mitchell the School Schenectady’s NPC: paulmitchell.edu/schenectady/tuition-calculator.
The middle student in the debt distribution at Paul Mitchell the School Schenectady owes $6,492 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,492 |
| Median federal debt (graduates only) | $6,650 |
| Typical 10-year monthly payment (graduates) | $70.5/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
The numbers below show the full range, not just the middle of the distribution. The percentiles below describe the cumulative federal debt distribution for borrowers at Paul Mitchell the School Schenectady.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,722 |
| 75th percentile | $7,984 |
| 90th percentile (highest-debt students) | $10,667 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $6,492 |
| Middle income | $5,774 |
| High income | $5,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,492 |
| Continuing-generation students | $5,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $7,742 |
A handful of calculated indicators summarize the debt outlook at Paul Mitchell the School Schenectady.
Stafford loans make up the bulk of federal direct lending to undergraduates. The annual Stafford volume below reflects program activity at Paul Mitchell the School Schenectady:
| Metric | Value |
|---|---|
| Stafford loan recipients | 755 |
| Total Stafford loan amount | $5,033,633 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 0 |
| Total GI Bill amount | $0 |
References
More about our data sources and methodologies.