by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Paul Mitchell the School Arkansas: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. These figures are reported by the Department of Education and IPEDS.
At Paul Mitchell the School Arkansas, 71% of new students use loans toward freshman-year expenses, at roughly $8,436 each — a figure that counts both private and federal student loans.
The average federal loan is $8,436. That is at or past the $5,500 federal first-year limit for the typical dependent freshman. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
Among all degree-seeking undergrads at Paul Mitchell the School Arkansas, 50% take out federal student loans, at an average of $7,619 annually. It comes to 9.7% smaller than the first-year federal average of $8,436.
Repeating that yearly amount projects to about $15,238 by year two and around $30,476 after four. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 50% |
| Average federal loan per year | $7,619 |
| Undergraduates with a federal loan | 78 |
| Total federal loans (one year) | $594,284 |
The median student at Paul Mitchell the School Arkansas borrows $9,753 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,753 |
| Students who completed (graduates) | $9,833 |
| Students who withdrew | $5,336 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Paul Mitchell the School Arkansas.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $7,263 |
| 75th percentile | $16,500 |
| 90th percentile (highest-debt students) | $16,500 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Paul Mitchell the School Arkansas.
These figures turn the debt totals into a monthly repayment picture for Paul Mitchell the School Arkansas.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The federal two-year cohort default rate for Paul Mitchell the School Arkansas follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 18.6% |
| Borrowers in the cohort | 59 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
Borrowing varies by family income, by first-generation status, and by dependency status.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $7,692 |
| Middle income | $9,833 |
| High income | $9,817 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $9,801 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,753 |
| Independent students | $9,736 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Paul Mitchell the School Arkansas.
Subsidized vs. 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.
Did You Know?
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.