by our College Data Analytics TeamHere you will find what students actually borrow to attend Paul Mitchell the School Spokane— 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.
At Paul Mitchell the School Spokane specifically, 93% of incoming undergraduates borrow in year one, with a typical loan of $8,002 per borrower, covering both private and federal loans.
The average federally funded loan is $8,002. This meets or exceeds the $5,500 cap on first-year federal borrowing for the typical dependent freshman. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Counting every undergraduate at Paul Mitchell the School Spokane, 60% finance part of their studies with federal loans, at an average of $8,139 each per year. This is 1.7% more than the $8,002 borrowed by freshmen.
Borrowing the same amount each year would add up to roughly $16,278 after two years and $32,556 by the fourth year. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 60% |
| Average federal loan per year | $8,139 |
| Undergraduates with a federal loan | 207 |
| Total federal loans (one year) | $1,684,837 |
The middle borrower at Paul Mitchell the School Spokane owes $6,028 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,028 |
| Students who completed (graduates) | $10,556 |
| Students who withdrew | $4,750 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Paul Mitchell the School Spokane.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,167 |
| 25th percentile | $5,500 |
| 75th percentile | $11,000 |
| 90th percentile (highest-debt students) | $17,667 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Paul Mitchell the School Spokane.
These figures turn the debt totals into a monthly repayment picture for Paul Mitchell the School Spokane.
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 | $7,082 |
| Middle income | $5,500 |
| High income | $5,750 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,111 |
| Continuing-generation students | $5,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $8,386 |
Federal data publishes the following gap measures for Paul Mitchell the School Spokane.
Subsidized and Unsubsidized Loans
Subsidized loans pause interest while you are in school; unsubsidized loans do not. That difference compounds over four years, so the type of loan you take matters as much as the amount.
Important to Remember
Declaring bankruptcy does not erase federal student loan debt. If you stop paying, the federal government can garnish a portion of your wages until the loans are repaid.
References
More about our data sources and methodologies.