by our College Data Analytics TeamThis page focuses on the debt students take on to attend Paul Mitchell the School Madison: 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 Madison, 53% of new students use loans toward freshman-year expenses, for an average of $5,099 per borrower, covering both private and federal loans.
On the federal side, the average loan is $5,099, or about 92.7% of the typical first-year dependent student borrowing cap of $5,500. 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 Madison, 40% borrow through federal student loan programs, at an average of $4,940 a year. This is 3.1% less than the $5,099 freshmen take on.
At a steady annual pace, that totals around $9,880 by year two and around $19,760 over a four-year span. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 40% |
| Average federal loan per year | $4,940 |
| Undergraduates with a federal loan | 36 |
| Total federal loans (one year) | $177,849 |
The middle borrower at Paul Mitchell the School Madison owes $9,500 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,500 |
| Students who completed (graduates) | $10,194 |
| Students who withdrew | $4,750 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Paul Mitchell the School Madison.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $7,420 |
| 75th percentile | $16,173 |
The indicators below describe what the typical debt costs to pay back at Paul Mitchell the School Madison.
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 Madison follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 12.5% |
| Borrowers in the cohort | 19 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
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 | $9,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,449 |
| Independent students | $9,500 |
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.
Important to Remember
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.