by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Paul Mitchell the School Jacksonville: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. The data below is drawn directly from federal sources.
For incoming students at Paul Mitchell the School Jacksonville, 37% of incoming undergraduates borrow in year one, averaging $7,212 each, across private and federal loan sources.
On the federal side, the average loan is $7,212. That is at or past the $5,500 federal first-year limit for the typical dependent freshman. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
Looking at all undergraduates at Paul Mitchell the School Jacksonville, freshmen included, 51% use federal student loans to help pay for their education, for a typical $7,003 a year. This is 2.9% below the $7,212 typical freshmen borrow.
Carrying that yearly figure forward comes to roughly $14,006 over two years and about $28,012 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 | 51% |
| Average federal loan per year | $7,003 |
| Undergraduates with a federal loan | 88 |
| Total federal loans (one year) | $616,222 |
Graduating and withdrawing students at Paul Mitchell the School Jacksonville carry a median federal debt of $9,833 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,833 |
| Students who completed (graduates) | $13,000 |
| Students who withdrew | $5,443 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.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 Jacksonville.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $6,500 |
| 75th percentile | $13,000 |
| 90th percentile (highest-debt students) | $16,500 |
How wide this percentile range is tells you how much borrowing varies across students at Paul Mitchell the School Jacksonville.
The figures above count only the students own federal loans. Adding PLUS loans (borrowed by parents or graduate students) gives a fuller picture of total borrowing at Paul Mitchell the School Jacksonville.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 84 | $8,950 |
| Completed (graduates) | 55 | $10,500 |
| Did not complete | 29 | $5,036 |
On a standard 10-year plan, the median completing borrower would pay about $124.86/mo.
Repayment burden translates the debt figures into what a borrower actually pays each month. Paul Mitchell the School Jacksonville.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The official Department of Education two-year default rate for Paul Mitchell the School Jacksonville follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 7.0% |
| Borrowers in the cohort | 200 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $9,833 |
| Middle income | $10,556 |
| High income | $8,389 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,833 |
| Continuing-generation students | $10,556 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,389 |
| Independent students | $13,000 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Paul Mitchell the School Jacksonville.
The Difference Between 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?
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.