by our College Data Analytics TeamHere you will find what students actually borrow to attend Paul Mitchell the School Springfield: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. The data below is drawn directly from federal sources.
Looking at the entering class at Paul Mitchell the School Springfield, 100% of first-year students take on loan debt, borrowing on average $7,255 apiece. This figure includes both private and federally funded student loans.
The average federal loan is $7,255. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Counting every undergraduate at Paul Mitchell the School Springfield, 51% finance part of their studies with federal loans, borrowing on average $6,548 per year. It comes to 9.7% smaller than the $7,255 borrowed by freshmen.
Repeating that yearly amount projects to about $13,096 in two years and roughly $26,192 after four. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 51% |
| Average federal loan per year | $6,548 |
| Undergraduates with a federal loan | 234 |
| Total federal loans (one year) | $1,532,267 |
The middle borrower at Paul Mitchell the School Springfield owes $6,243 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,243 |
| Students who completed (graduates) | $7,917 |
| Students who withdrew | $4,667 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Paul Mitchell the School Springfield.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,750 |
| 75th percentile | $13,000 |
| 90th percentile (highest-debt students) | $16,500 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Paul Mitchell the School Springfield.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Paul Mitchell the School Springfield.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 42 | $8,028 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Paul Mitchell the School Springfield.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The federal two-year cohort default rate for Paul Mitchell the School Springfield appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 6.1% |
| Borrowers in the cohort | 113 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $7,917 |
| Middle income | $5,117 |
| High income | $4,584 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,585 |
| Continuing-generation students | $6,222 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,584 |
| Independent students | $7,917 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Paul Mitchell the School Springfield.
Subsidized vs. 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
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.