by our College Data Analytics TeamMany students will never be charged the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total price of attendance at Milan Institute of Cosmetology-Reno can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
What financing options does Milan Institute of Cosmetology-Reno offer, and what will you qualify for? Keep scrolling for more information. Keep going to discover just how much financial aid could be open to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. The information provided on this page can help you determine how much aid you may receive from Milan Institute of Cosmetology-Reno.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
For freshmen starting at Milan Institute of Cosmetology-Reno, 73% of entering full-time freshmen got some type of financial assistance (about 256 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 56% | $3,704 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 56% | $3,704 |
| State/local grants | 0% | — |
| Federal student loans | 65% | $5,034 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At Milan Institute of Cosmetology-Reno, some 58% of the undergraduate population received grant aid that averaged $3,666 (among about 228 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 58% | $3,666 |
| Federal Pell grants | 58% | $3,666 |
| Federal student loans | 64% | $4,982 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $4,025.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $20,043 |
| $30,001 – $75,000 | $20,686 |
| Over $75,000 | $23,962 |
Each figure is the net price after grants and scholarships, not the published sticker price.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $20,771 |
| Off-campus title-IV students | $20,960 |
To project your own net price, use Milan Institute of Cosmetology-Reno’s net price calculator: solutions.campusivy.com/Apps/NPC/NPCWizard/Wizard?institutionId=12600.
The median student at Milan Institute of Cosmetology-Reno graduates with $6,070 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,070 |
| Median federal debt (graduates only) | $6,333 |
| Typical 10-year monthly payment (graduates) | $67.14/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
Looking only at the median can be misleading because it hides the spread. Use the percentiles below to see the debt range at Milan Institute of Cosmetology-Reno.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,872 |
| 25th percentile | $4,750 |
| 75th percentile | $10,555 |
| 90th percentile (highest-debt students) | $16,500 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $6,222 |
| Middle income | $6,078 |
| High income | $4,584 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,078 |
| Continuing-generation students | $5,768 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,584 |
| Independent students | $6,333 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Milan Institute of Cosmetology-Reno.
Stafford loans are the federal government’s primary direct undergraduate lending program. Below is the annual Stafford program activity at Milan Institute of Cosmetology-Reno:
| Metric | Value |
|---|---|
| Stafford loan recipients | 13679 |
| Total Stafford loan amount | $147,554,631 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 1 |
| Total GI Bill amount | $17,189 |
| Average GI Bill amount per recipient | $17,189 |
References
More about our data sources and methodologies.