by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Paul Mitchell the School Toledo— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. These figures are reported by the Department of Education and IPEDS.
Among first-year students at Paul Mitchell the School Toledo, 92% of incoming undergraduates borrow in year one, borrowing on average $10,389 per student, private and federal loans combined.
The average federally funded loan is $10,389. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Across the full undergraduate body at Paul Mitchell the School Toledo (freshmen included), 64% take out federal student loans, at an average of $9,134 per year. It comes to 12.1% smaller than the $10,389 freshmen take on.
Carrying that yearly figure forward comes to roughly $18,268 by year two and around $36,536 over a four-year span. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 64% |
| Average federal loan per year | $9,134 |
| Undergraduates with a federal loan | 152 |
| Total federal loans (one year) | $1,388,313 |
Graduating and withdrawing students at Paul Mitchell the School Toledo carry a median federal debt of $9,833 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,833 |
| Students who completed (graduates) | $12,500 |
| Students who withdrew | $4,750 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Paul Mitchell the School Toledo.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,500 |
| 25th percentile | $6,333 |
| 75th percentile | $16,500 |
| 90th percentile (highest-debt students) | $16,500 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Paul Mitchell the School Toledo.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Paul Mitchell the School Toledo.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 84 | $8,812 |
| Completed (graduates) | 61 | $8,812 |
| Did not complete | 23 | $8,662 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $104.78/mo.
The indicators below describe what the typical debt costs to pay back at Paul Mitchell the School Toledo.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. Two-year cohort default-rate data for Paul Mitchell the School Toledo appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 12.0% |
| Borrowers in the cohort | 125 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $9,833 |
| High income | $9,833 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,833 |
| Continuing-generation students | $9,833 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,833 |
| Independent students | $12,868 |
Federal data publishes the following gap measures for Paul Mitchell the School Toledo.
The Difference Between Subsidized and Unsubsidized Loans
With an unsubsidized loan, interest starts adding up the day the loan is disbursed, including during school. Subsidized loans, by contrast, do not accrue interest while you are enrolled at least half-time, which makes them the less expensive option when you qualify.
Important to Remember
Federal student loans are not discharged in bankruptcy in all but the rarest cases, and the government can withhold part of your income or tax refund if you default.
References
More about our data sources and methodologies.