by our College Data Analytics TeamA lot of students will not be asked to pay the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total cost of going to Milan Institute-Sparks can seem tremendous, but do not forget that almost all students are given some form of financial help.
Just what financial aid solutions can Milan Institute-Sparks deliver, and just what are you going to be eligible for? Keep reading for answers. Keep reading to learn what amount of financial assistance will be accessible to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. The figures below will help you estimate the aid you might receive from Milan Institute-Sparks.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
Among first-time, full-time freshmen at Milan Institute-Sparks, 88% of first-time, full-time freshmen received some form of financial aid approximately 175 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 54% | $4,287 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 54% | $4,287 |
| State/local grants | 0% | — |
| Federal student loans | 58% | $5,196 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At Milan Institute-Sparks, approximately 64% of undergrads got grants or scholarships worth on average $3,742 (across approximately 179 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 64% | $3,742 |
| Federal Pell grants | 64% | $3,742 |
| Federal student loans | 65% | $5,283 |
For on-campus title-IV students, average grant aid came to $2,808.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $25,651 |
| $30,001 – $75,000 | $25,537 |
| Over $75,000 | $28,731 |
Each figure is the net price after grants and scholarships, not the published sticker price.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $22,923 |
| Off-campus title-IV students | $26,286 |
For a personalized estimate based on your family’s financial situation, use Milan Institute-Sparks’s net price calculator: solutions.campusivy.com/Apps/NPC/NPCWizard/Wizard?institutionId=12600.
The median student at Milan Institute-Sparks graduates with $7,000 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,000 |
| Median federal debt (graduates only) | $8,124 |
| Typical 10-year monthly payment (graduates) | $86.13/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
The numbers below show the full range, not just the middle of the distribution. The figures below chart the debt distribution at Milan Institute-Sparks.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,011 |
| 25th percentile | $5,346 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $9,500 |
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 | $7,690 |
| Middle income | $5,500 |
| High income | $5,265 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,813 |
| Continuing-generation students | $7,690 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $7,972 |
The figure below distills the debt data into a single burden category for Milan Institute-Sparks.
The Stafford loan program is the largest source of federal direct loans to undergraduates. These figures summarize annual Stafford program activity at Milan Institute-Sparks:
| Metric | Value |
|---|---|
| Stafford loan recipients | 9583 |
| Total Stafford loan amount | $76,899,964 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 0 |
| Total GI Bill amount | $0 |
References
More about our data sources and methodologies.