by our College Data Analytics TeamThis page focuses on the debt students take on to attend Paul Mitchell the School Charleston, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
Looking at the entering class at Paul Mitchell the School Charleston, 76% of incoming undergraduates borrow in year one, at roughly $6,350 each, across private and federal loan sources.
The average federally funded loan is $6,350. That is at or past the $5,500 federal first-year limit for the typical dependent freshman. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Across the full undergraduate body at Paul Mitchell the School Charleston (freshmen included), 57% take out federal student loans, averaging $6,864 in federal loans per year. That amounts to 8.1% above the $6,350 borrowed by freshmen.
Borrowing at that rate every year works out to about $13,728 after two years and $27,456 after four. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 57% |
| Average federal loan per year | $6,864 |
| Undergraduates with a federal loan | 269 |
| Total federal loans (one year) | $1,846,287 |
The median student at Paul Mitchell the School Charleston borrows $9,500 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,500 |
| Students who completed (graduates) | $11,740 |
| Students who withdrew | $4,750 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Paul Mitchell the School Charleston.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,500 |
| 25th percentile | $5,500 |
| 75th percentile | $13,000 |
| 90th percentile (highest-debt students) | $16,500 |
How wide this percentile range is tells you how much borrowing varies across students at Paul Mitchell the School Charleston.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Paul Mitchell the School Charleston.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 166 | $9,196 |
| Completed (graduates) | 122 | $9,196 |
| Did not complete | 44 | $5,912 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $109.35/mo.
Stafford loans are the federal direct-loan program most undergraduates use. The breakdown below separates borrowers who used Stafford loans from those who did not at Paul Mitchell the School Charleston.
Borrowers With a Stafford Loan This Year
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 155 | — |
| No Stafford loan this year | 11 | — |
The indicators below describe what the typical debt costs to pay back at Paul Mitchell the School Charleston.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The official Department of Education two-year default rate for Paul Mitchell the School Charleston appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 13.3% |
| Borrowers in the cohort | 60 |
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.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $9,833 |
| High income | $9,833 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $9,500 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,416 |
| Independent students | $9,500 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Paul Mitchell the School Charleston.
The Difference Between Subsidized and Unsubsidized Loans
Unsubsidized federal student loans accrue interest every month — even while you are still enrolled. Unless you pay that interest as it builds, the balance you owe at graduation can be noticeably higher than the amount you originally borrowed.
Did You Know?
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.