by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Paul Mitchell the School Chicago— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. The data below is drawn directly from federal sources.
At Paul Mitchell the School Chicago, 83% of incoming students take out a loan to help cover first-year costs, averaging $10,822 per student, private and federal loans combined.
The typical federal loan comes to $10,822. This meets or exceeds the $5,500 cap on first-year federal borrowing for the typical dependent freshman. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
Among all degree-seeking undergrads at Paul Mitchell the School Chicago, 57% take out federal student loans, averaging $8,852 each per year. That is 18.2% lower than the $10,822 borrowed by freshmen.
Repeating that yearly amount projects to about $17,704 by year two and around $35,408 over four years. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 57% |
| Average federal loan per year | $8,852 |
| Undergraduates with a federal loan | 119 |
| Total federal loans (one year) | $1,053,421 |
The middle borrower at Paul Mitchell the School Chicago owes $9,500 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,500 |
| Students who completed (graduates) | $13,598 |
| 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 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 |
How wide this percentile range is tells you how much borrowing varies across students at Paul Mitchell the School Chicago.
The figures above count only the students own federal loans. Adding PLUS loans (borrowed by parents or graduate students) gives a fuller picture of total borrowing at Paul Mitchell the School Chicago.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 130 | $6,902 |
| Completed (graduates) | 81 | $8,521 |
| Did not complete | 49 | $4,885 |
On a standard 10-year plan, the median completing borrower would pay about $101.32/mo.
Repayment burden translates the debt figures into what a borrower actually pays each month. Paul Mitchell the School Chicago.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The federal two-year cohort default rate for Paul Mitchell the School Chicago is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 8.2% |
| Borrowers in the cohort | 205 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
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 | $9,684 |
| Continuing-generation students | $9,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,624 |
| Independent students | $9,500 |
Federal data publishes the following gap measures for Paul Mitchell the School Chicago.
The Difference Between Subsidized and 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.
Important to Remember
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.