by our College Data Analytics TeamThis page focuses on the debt students take on to attend Paul Mitchell the School-Provo— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. All figures come from the U.S. Department of Education and IPEDS.
Among first-year students at Paul Mitchell the School-Provo, 85% of incoming undergraduates borrow in year one, for an average of $8,307 per borrower, covering both private and federal loans.
The average federally funded loan is $8,307. That is at or past the $5,500 federal first-year limit for the typical dependent freshman. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
Counting every undergraduate at Paul Mitchell the School-Provo, 39% take out federal student loans, averaging $7,419 each per year. That is 10.7% under the $8,307 borrowed by freshmen.
Borrowing at that rate every year works out to about $14,838 in two years and roughly $29,676 over four years. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 39% |
| Average federal loan per year | $7,419 |
| Undergraduates with a federal loan | 84 |
| Total federal loans (one year) | $623,199 |
The median student at Paul Mitchell the School-Provo borrows $8,028 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $8,028 |
| Students who completed (graduates) | $9,917 |
| Students who withdrew | $4,750 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Paul Mitchell the School-Provo.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,037 |
| 25th percentile | $5,500 |
| 75th percentile | $10,556 |
| 90th percentile (highest-debt students) | $17,666 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Paul Mitchell the School-Provo.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Paul Mitchell the School-Provo.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 114 | $8,304 |
| Completed (graduates) | 89 | $8,316 |
| Did not complete | 25 | $7,637 |
On a standard 10-year plan, the median completing borrower would pay about $98.89/mo.
Repayment burden translates the debt figures into what a borrower actually pays each month. Paul Mitchell the School-Provo.
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-Provo is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 3.7% |
| Borrowers in the cohort | 53 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
Borrowing varies by family income, by first-generation status, and by dependency status.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $8,028 |
| Middle income | $7,917 |
| High income | $8,319 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $8,028 |
| Continuing-generation students | $7,644 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,653 |
| Independent students | $9,500 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Paul Mitchell the School-Provo.
Subsidized vs. 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.
Important to Remember
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.