by our College Data Analytics TeamA large number of students are not billed 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 total price of attendance at Paul Mitchell the School Chicago can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
What financial assistance options will Paul Mitchell the School Chicago offer you, and what will you qualify for? Read on for more information. Read on to see what amount of financial assistance could be accessible to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. The information provided on this page can help you determine how much aid you may receive from Paul Mitchell the School Chicago.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
Among first-time, full-time freshmen at Paul Mitchell the School Chicago, 92% of first-year full-time students received aid of some kind approximately 22 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 75% | $6,954 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 75% | $6,954 |
| State/local grants | 0% | — |
| Federal student loans | 83% | $10,822 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. Here, roughly 63% of undergraduate students received gift aid averaging $5,675 (across roughly 130 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 63% | $5,675 |
| Federal Pell grants | 62% | $5,599 |
| Federal student loans | 57% | $8,852 |
For on-campus title-IV students, average grant aid came to $6,153.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $15,795 |
| $30,001 – $75,000 | $21,728 |
Each figure is the net price after grants and scholarships, not the published sticker price.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $23,324 |
| Off-campus title-IV students | $16,064 |
For an estimate tailored to your family circumstances, see Paul Mitchell the School Chicago’s online cost calculator: paulmitchell.edu/chicago/tuition-calculator.
Graduating students at Paul Mitchell the School Chicago carry a median federal student debt of $9,500 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,500 |
| Median federal debt (graduates only) | $13,598 |
| Typical 10-year monthly payment (graduates) | $144.16/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
The median alone does not show how widely outcomes vary across the student body. These percentiles trace how cumulative federal debt is spread among borrowers at Paul Mitchell the School Chicago.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,825 |
| 25th percentile | $5,950 |
| 75th percentile | $15,222 |
| 90th percentile (highest-debt students) | $16,500 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Debt by Income Tier
| 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 | $9,684 |
| Continuing-generation students | $9,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,624 |
| Independent students | $9,500 |
The figure below distills the debt data into a single burden category for Paul Mitchell the School Chicago.
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 Chicago:
| Metric | Value |
|---|---|
| Stafford loan recipients | 2856 |
| Total Stafford loan amount | $31,608,193 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 0 |
| Total GI Bill amount | $0 |
References
More about our data sources and methodologies.