by our College Data Analytics TeamThis page focuses on the debt students take on to attend Paul Mitchell the School Portsmouth: 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 Portsmouth, 59% of new students use loans toward freshman-year expenses, averaging $9,233 each, across private and federal loan sources.
On the federal side, the average loan is $9,233. This is at or above the $5,500 first-year federal borrowing cap that applies to 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 Portsmouth, freshmen included, 55% use federal student loans to help pay for their education, with a mean of $7,867 a year. This works out to 14.8% under the $9,233 freshmen take on.
Repeating that yearly amount projects to about $15,734 over two years and about $31,468 by the fourth year. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 55% |
| Average federal loan per year | $7,867 |
| Undergraduates with a federal loan | 55 |
| Total federal loans (one year) | $432,679 |
The middle borrower at Paul Mitchell the School Portsmouth owes $9,833 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,833 |
| Students who completed (graduates) | $9,833 |
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Paul Mitchell the School Portsmouth.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $4,750 |
| 75th percentile | $12,500 |
The indicators below describe what the typical debt costs to pay back at Paul Mitchell the School Portsmouth.
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 Portsmouth appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 3.7% |
| Borrowers in the cohort | 12 |
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.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,833 |
| Independent students | $16,500 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Paul Mitchell the School Portsmouth.
The Difference Between 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
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.