by our College Data Analytics TeamMost students will not be asked to pay the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The total price of attendance at Milan Institute-Amarillo can feel tremendous, but do not forget that almost all students receive some sort of financial help.
What financing options does Milan Institute-Amarillo offer you, and what will you qualify for? Keep scrolling for more information. Keep reading to learn just how much financial aid will be open to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Read on to get a sense of the financial assistance available at Milan Institute-Amarillo.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
For freshmen starting at Milan Institute-Amarillo, 80% of entering full-time freshmen got some type of financial assistance some 245 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 80% | $3,531 |
| Institutional grants & scholarships | 3% | $1,000 |
| Federal Pell grants | 80% | $3,498 |
| State/local grants | 0% | — |
| Federal student loans | 63% | $5,128 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. Across the undergraduate body at Milan Institute-Amarillo, some 80% of undergraduate students received gift aid averaging $3,217 (among about 280 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 80% | $3,217 |
| Federal Pell grants | 78% | $3,282 |
| Federal student loans | 67% | $5,530 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $3,870.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $27,001 |
| $30,001 – $75,000 | $28,150 |
| Over $75,000 | $30,468 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $28,468 |
| Off-campus title-IV students | $27,347 |
To get a personalized net price estimate, try Milan Institute-Amarillo’s online cost calculator: solutions.campusivy.com/Apps/NPC/NPCWizard/Wizard?institutionId=12600.
Graduating students at Milan Institute-Amarillo carry a median federal student debt of $7,618 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,618 |
| Median federal debt (graduates only) | $7,702 |
| Typical 10-year monthly payment (graduates) | $81.65/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The numbers below show the full range, not just the middle of the distribution. Use the percentiles below to see the debt range at Milan Institute-Amarillo.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,729 |
| 25th percentile | $5,346 |
| 75th percentile | $9,436 |
| 90th percentile (highest-debt students) | $9,500 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $7,690 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $8,731 |
The figure below distills the debt data into a single burden category for Milan Institute-Amarillo.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The aggregate figures below show how active the program is at Milan Institute-Amarillo:
| Metric | Value |
|---|---|
| Stafford loan recipients | 7269 |
| Total Stafford loan amount | $59,699,682 |
References
More about our data sources and methodologies.