by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Paul Mitchell the School Delaware— 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.
At Paul Mitchell the School Delaware, 78% of new students use loans toward freshman-year expenses, at roughly $731 per borrower, covering both private and federal loans.
On the federal side, the average loan is $731, equal to roughly 13.3% of the typical first-year dependent student borrowing cap of $5,500. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Counting every undergraduate at Paul Mitchell the School Delaware, 65% finance part of their studies with federal loans, at an average of $7,224 in federal loans per year. It comes to 888.2% more than the $731 borrowed by freshmen.
Borrowing at that rate every year works out to about $14,448 by year two and around $28,896 over a four-year span. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 65% |
| Average federal loan per year | $7,224 |
| Undergraduates with a federal loan | 134 |
| Total federal loans (one year) | $968,035 |
The middle borrower at Paul Mitchell the School Delaware owes $9,833 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,833 |
| Students who completed (graduates) | $9,833 |
| Students who withdrew | $4,750 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Paul Mitchell the School Delaware.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,054 |
| 25th percentile | $5,500 |
| 75th percentile | $14,037 |
| 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 Delaware.
Repayment burden translates the debt figures into what a borrower actually pays each month. Paul Mitchell the School Delaware.
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 Delaware is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 0% |
| Borrowers in the cohort | 13 |
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.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $9,833 |
| High income | $9,833 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,833 |
| Independent students | $9,792 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Paul Mitchell the School Delaware.
Subsidized vs. 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.