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Paul Mitchell the School Great Lakes Financial Aid & Scholarships

83% Freshmen Get Financial Aid
$5,108 Average Grant & Scholarship
45% Undergrads Get Grant Aid

Many 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 Great Lakes can feel tremendous, but do not forget that almost all students receive some sort of financial help.

Just what financial aid solutions can Paul Mitchell the School Great Lakes deliver, and just what are you going to be eligible for? Keep reading for answers. Keep reading to see what amount of financial assistance could be accessible to you.

Importance of Paul Mitchell the School Great Lakes Financial Aid Info

The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. The information provided on this page can help you determine how much aid you may receive from Paul Mitchell the School Great Lakes.

Financial Aid for First-Year Students at Paul Mitchell the School Great Lakes

Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. 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 Great Lakes, 83% of first-time, full-time freshmen received some form of financial aid (about 19 new students).

Type of Aid% of Freshmen ReceivingAverage Amount
Grant or scholarship aid (all sources)52%$4,904
Institutional grants & scholarships13%$833
Federal Pell grants48%$5,123
State/local grants0%
Federal student loans65%$8,432

Grant Aid for Undergraduates at Paul Mitchell the School Great Lakes

The best aid is gift aid: grants and scholarships that carry no repayment obligation. At this school, roughly 45% of the undergraduate population received grant aid that averaged $5,108 (across approximately 45 awardees).

Award% of Undergrads ReceivingAverage Amount
Grant or scholarship aid (all sources)45%$5,108
Federal Pell grants34%$5,325
Federal student loans38%$9,823

Among title-IV aid recipients living on campus, grant and scholarship aid averaged $3,462.

Income-Adjusted Net Price at Paul Mitchell the School Great Lakes

Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.

Family IncomeAverage Net Price
$0 – $48,000$10,263

The numbers above are post-aid net prices, so they already account for grants and scholarships.

The Real Cost of Attending Paul Mitchell the School Great Lakes

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.

CohortAverage Net Price
On-campus title-IV students$17,263
Off-campus title-IV students$10,263

To get a personalized net price estimate, try Paul Mitchell the School Great Lakes’s net price tool: paulmitchell.edu/porthuron/tuition-calculator.

What Students Owe at Paul Mitchell the School Great Lakes

Graduating students at Paul Mitchell the School Great Lakes carry a median federal student debt of $8,389 in federal loans.

MetricAmount
Median federal debt (all student-aid borrowers)$8,389
Median federal debt (graduates only)$9,667
Typical 10-year monthly payment (graduates)$102.49/mo

At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.

Debt Spread by Percentile

The median alone does not show how widely outcomes vary across the student body. The four reference points below map the debt distribution at Paul Mitchell the School Great Lakes.

PercentileCumulative Federal Debt
10th percentile (lowest-debt students)$3,297
25th percentile$5,500
75th percentile$11,667
90th percentile (highest-debt students)$13,000

Debt Outcomes by Student Group at Paul Mitchell the School Great Lakes

How much a student borrows depends heavily on family income, first-gen status, and dependency.

Median Debt by Income Bracket

Income tierMedian federal debt
Low income$8,445
Middle income$9,500
High income$8,389

First-Generation Comparison

CohortMedian federal debt
First-generation students$8,445
Continuing-generation students$8,389

Dependent vs Independent Students

CohortMedian federal debt
Dependent students$7,667
Independent students$13,000

Summary Debt Indicators

The Department of Education computes summary indicators that describe debt outcomes at a glance. Paul Mitchell the School Great Lakes.

Federal Stafford Lending at Paul Mitchell the School Great Lakes

Stafford loans are the federal government’s primary direct undergraduate lending program. These figures summarize annual Stafford program activity at Paul Mitchell the School Great Lakes:

MetricValue
Stafford loan recipients1538
Total Stafford loan amount$14,425,657

Aid for Military-Affiliated Students at Paul Mitchell the School Great Lakes

The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.

GI Bill volume

MetricValue
GI Bill recipients0
Total GI Bill amount$0

References

More about our data sources and methodologies.

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