by our College Data Analytics TeamHere you will find what students actually borrow to attend Paul Mitchell the School Raleigh: 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 Raleigh, 68% of new students use loans toward freshman-year expenses, averaging $7,478 each, across private and federal loan sources.
The typical federal loan comes to $7,478. 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.
For undergraduates overall at Paul Mitchell the School Raleigh, 57% take out federal student loans, for a typical $7,957 each per year. This works out to 6.4% higher than the $7,478 freshmen take on.
Carrying that yearly figure forward comes to roughly $15,914 in two years and roughly $31,828 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 | 57% |
| Average federal loan per year | $7,957 |
| Undergraduates with a federal loan | 114 |
| Total federal loans (one year) | $907,092 |
The middle borrower at Paul Mitchell the School Raleigh owes $9,833 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,833 |
| Students who completed (graduates) | $10,500 |
| Students who withdrew | $4,750 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Paul Mitchell the School Raleigh.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,303 |
| 25th percentile | $6,341 |
| 75th percentile | $16,500 |
| 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 Raleigh.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Paul Mitchell the School Raleigh.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 25 | $11,803 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Paul Mitchell the School Raleigh.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $9,833 |
| Middle income | $9,833 |
| High income | $9,667 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,833 |
| Continuing-generation students | $9,833 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,500 |
| Independent students | $16,298 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Paul Mitchell the School Raleigh.
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.
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.