by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Paul Mitchell the School Las Vegas: 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.
For incoming students at Paul Mitchell the School Las Vegas, 77% of freshmen borrow to help pay for their first year, borrowing on average $9,037 each, across private and federal loan sources.
The average federal loan is $9,037. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. 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 Las Vegas, 50% finance part of their studies with federal loans, at an average of $7,817 annually. It comes to 13.5% smaller than the $9,037 borrowed by freshmen.
Borrowing at that rate every year works out to about $15,634 across two years and $31,268 over a four-year span. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 50% |
| Average federal loan per year | $7,817 |
| Undergraduates with a federal loan | 159 |
| Total federal loans (one year) | $1,242,851 |
The middle borrower at Paul Mitchell the School Las Vegas owes $10,556 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $10,556 |
| Students who completed (graduates) | $13,667 |
| 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 Las Vegas.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $9,337 |
| 75th percentile | $16,500 |
| 90th percentile (highest-debt students) | $20,000 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Paul Mitchell the School Las Vegas.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Paul Mitchell the School Las Vegas.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 41 | $10,477 |
These figures turn the debt totals into a monthly repayment picture for Paul Mitchell the School Las Vegas.
Borrowing varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $10,840 |
| Middle income | $10,556 |
| High income | $10,556 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $10,556 |
| Continuing-generation students | $10,556 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $10,556 |
| Independent students | $15,646 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Paul Mitchell the School Las Vegas.
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.
Worth Knowing
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.