by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Paul Mitchell the School Indianapolis: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. These figures are reported by the Department of Education and IPEDS.
Among first-year students at Paul Mitchell the School Indianapolis, 88% of freshmen borrow to help pay for their first year, with a typical loan of $8,519 per student, private and federal loans combined.
The average federal loan is $8,519. This meets or exceeds the $5,500 cap on first-year federal borrowing for 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 Indianapolis, 44% rely on federal student loans toward their education, averaging $7,373 each per year. That amounts to 13.5% less than the $8,519 borrowed by freshmen.
Borrowing the same amount each year would add up to roughly $14,746 over two years and about $29,492 after four. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 44% |
| Average federal loan per year | $7,373 |
| Undergraduates with a federal loan | 119 |
| Total federal loans (one year) | $877,353 |
Graduating and withdrawing students at Paul Mitchell the School Indianapolis carry a median federal debt of $8,500 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $8,500 |
| Students who completed (graduates) | $9,500 |
| Students who withdrew | $4,750 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Paul Mitchell the School Indianapolis.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $7,833 |
| 75th percentile | $16,500 |
| 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 Indianapolis.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Paul Mitchell the School Indianapolis.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 28 | $8,160 |
These figures turn the debt totals into a monthly repayment picture for Paul Mitchell the School Indianapolis.
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 Indianapolis is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 0% |
| Borrowers in the cohort | 2 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
Borrowing varies by family income, by first-generation status, and by dependency status.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $8,462 |
| Middle income | $8,400 |
| High income | $9,540 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,990 |
| Continuing-generation students | $9,500 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,818 |
| Independent students | $9,459 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Paul Mitchell the School Indianapolis.
The Difference Between Subsidized and Unsubsidized Loans
Unsubsidized federal student loans accrue interest every month — even while you are still enrolled. Unless you pay that interest as it builds, the balance you owe at graduation can be noticeably higher than the amount you originally borrowed.
Did You Know?
Unlike most other debt, federal student loans generally survive bankruptcy — and unpaid balances can lead to wage garnishment — so borrow only what you truly need.
References
More about our data sources and methodologies.