by our College Data Analytics TeamThis page focuses on the debt students take on to attend Paul Mitchell the School Schenectady, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
Looking at the entering class at Paul Mitchell the School Schenectady, 68% of incoming undergraduates borrow in year one, with a typical loan of $6,903 each — a figure that counts both private and federal student loans.
On the federal side, the average loan is $6,903. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Counting every undergraduate at Paul Mitchell the School Schenectady, 58% use federal student loans to help pay for their education, borrowing on average $6,413 each per year. That is 7.1% lower than the freshman federal average of $6,903.
At a steady annual pace, that totals around $12,826 after two years and $25,652 over four years. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 58% |
| Average federal loan per year | $6,413 |
| Undergraduates with a federal loan | 111 |
| Total federal loans (one year) | $711,897 |
The median student at Paul Mitchell the School Schenectady borrows $6,492 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,492 |
| Students who completed (graduates) | $6,650 |
| Students who withdrew | $4,750 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Paul Mitchell the School Schenectady.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,722 |
| 75th percentile | $7,984 |
| 90th percentile (highest-debt students) | $10,667 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Paul Mitchell the School Schenectady.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Paul Mitchell the School Schenectady.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 37 | $8,651 |
The indicators below describe what the typical debt costs to pay back at Paul Mitchell the School Schenectady.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $6,492 |
| Middle income | $5,774 |
| High income | $5,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,492 |
| Continuing-generation students | $5,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $7,742 |
Federal data publishes the following gap measures for Paul Mitchell the School Schenectady.
The Difference Between Subsidized and 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.
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.