by our College Data Analytics TeamMany students will not be asked to pay the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The sum total of attendance at Paul Mitchell the School Springfield can sound tremendous, but do not forget that almost all students get some type of financial help.
What financial assistance options will Paul Mitchell the School Springfield offer you, and what will you qualify for? Read on for more information. Keep going to find out just how much financial aid will be open to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Use the information below to understand how much financial assistance you may get from Paul Mitchell the School Springfield.
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. However, some types of aid are more desirable than others, and some students will receive more than others.
For freshmen starting at Paul Mitchell the School Springfield, 100% of first-year full-time students received aid of some kind (about 19 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $6,279 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 100% | $6,279 |
| State/local grants | 0% | — |
| Federal student loans | 100% | $7,255 |
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 Paul Mitchell the School Springfield, around 56% of undergraduate students received gift aid averaging $5,170 (for some 258 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 56% | $5,170 |
| Federal Pell grants | 55% | $4,938 |
| Federal student loans | 51% | $6,548 |
On-campus students receiving title-IV aid were awarded grants averaging $6,958.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $16,487 |
| $30,001 – $75,000 | $16,487 |
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 | $16,926 |
| Off-campus title-IV students | $16,587 |
For an estimate tailored to your family circumstances, see Paul Mitchell the School Springfield’s official net price calculator: paulmitchell.edu/springfield/tuition-calculator.
Graduating students at Paul Mitchell the School Springfield carry a median federal student debt of $6,243 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,243 |
| Median federal debt (graduates only) | $7,917 |
| Typical 10-year monthly payment (graduates) | $83.93/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
The median alone does not show how widely outcomes vary across the student body. Use the percentiles below to see the debt range at Paul Mitchell the School Springfield.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,750 |
| 75th percentile | $13,000 |
| 90th percentile (highest-debt students) | $16,500 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $7,917 |
| Middle income | $5,117 |
| High income | $4,584 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,585 |
| Continuing-generation students | $6,222 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,584 |
| Independent students | $7,917 |
A handful of calculated indicators summarize the debt outlook at Paul Mitchell the School Springfield.
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 Springfield:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1462 |
| Total Stafford loan amount | $13,306,396 |
References
More about our data sources and methodologies.