by our College Data Analytics TeamThis page focuses on the debt students take on to attend Paul Mitchell the School Greenville: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. The data below is drawn directly from federal sources.
Among first-year students at Paul Mitchell the School Greenville, 77% of first-year students take on loan debt, at roughly $6,718 per student, private and federal loans combined.
On the federal side, the average loan is $6,718. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
For undergraduates overall at Paul Mitchell the School Greenville, 62% take out federal student loans, with a mean of $7,245 each per year. That is 7.8% greater than the first-year federal average of $6,718.
Repeating that yearly amount projects to about $14,490 over two years and about $28,980 over a four-year span. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 62% |
| Average federal loan per year | $7,245 |
| Undergraduates with a federal loan | 174 |
| Total federal loans (one year) | $1,260,595 |
Graduating and withdrawing students at Paul Mitchell the School Greenville carry a median federal debt of $9,500 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,500 |
| Students who completed (graduates) | $11,740 |
| 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 Greenville.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,500 |
| 25th percentile | $5,500 |
| 75th percentile | $13,000 |
| 90th percentile (highest-debt students) | $16,500 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Paul Mitchell the School Greenville.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Paul Mitchell the School Greenville.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 166 | $9,196 |
| Completed (graduates) | 122 | $9,196 |
| Did not complete | 44 | $5,912 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $109.35/mo.
Stafford loans are the federal direct-loan program most undergraduates use. The breakdown below separates borrowers who used Stafford loans from those who did not at Paul Mitchell the School Greenville.
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 155 | — |
| No Stafford loan this year | 11 | — |
The indicators below describe what the typical debt costs to pay back at Paul Mitchell the School Greenville.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The federal two-year cohort default rate for Paul Mitchell the School Greenville follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 13.3% |
| Borrowers in the cohort | 60 |
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.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $9,833 |
| High income | $9,833 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $9,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,416 |
| Independent students | $9,500 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Paul Mitchell the School Greenville.
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.
Did You Know?
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.