by our College Data Analytics TeamHere you will find what students actually borrow to attend Paul Mitchell the School Fort Myers: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. All figures come from the U.S. Department of Education and IPEDS.
At Paul Mitchell the School Fort Myers specifically, 68% of new students use loans toward freshman-year expenses, averaging $5,159 each — a figure that counts both private and federal student loans.
Federal loans alone average $5,159, equal to roughly 93.8% of the $5,500 first-year borrowing cap for the typical first-year dependent student. 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 Fort Myers, 37% take out federal student loans, at an average of $4,883 each per year. That is 5.3% lower than the freshman federal average of $5,159.
Carrying that yearly figure forward comes to roughly $9,766 over two years and about $19,532 by the fourth year. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 37% |
| Average federal loan per year | $4,883 |
| Undergraduates with a federal loan | 56 |
| Total federal loans (one year) | $273,444 |
Graduating and withdrawing students at Paul Mitchell the School Fort Myers carry a median federal debt of $8,389 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $8,389 |
| Students who completed (graduates) | $9,667 |
| Students who withdrew | $4,601 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Paul Mitchell the School Fort Myers.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,297 |
| 25th percentile | $5,500 |
| 75th percentile | $11,667 |
| 90th percentile (highest-debt students) | $13,000 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Paul Mitchell the School Fort Myers.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Paul Mitchell the School Fort Myers.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 38 | $8,487 |
These figures turn the debt totals into a monthly repayment picture for Paul Mitchell the School Fort Myers.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. Two-year cohort default-rate data for Paul Mitchell the School Fort Myers is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 18.5% |
| Borrowers in the cohort | 81 |
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 | $8,445 |
| Middle income | $9,500 |
| High income | $8,389 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $8,445 |
| Continuing-generation students | $8,389 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,667 |
| Independent students | $13,000 |
Federal data publishes the following gap measures for Paul Mitchell the School Fort Myers.
The Difference Between Subsidized and 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.
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.