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-Bakersfield can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
What financial aid options can Milan Institute-Bakersfield offer you, and what will you qualify for? Keep reading for more information. Keep scrolling to find out how much school funding will be available to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Use the information below to understand how much financial assistance you may get from Milan Institute-Bakersfield.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
For freshmen starting at Milan Institute-Bakersfield, 83% of entering full-time freshmen got some type of financial assistance roughly 616 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 70% | $4,101 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 70% | $4,101 |
| State/local grants | 0% | — |
| Federal student loans | 61% | $5,186 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At Milan Institute-Bakersfield, approximately 70% of undergrads got grants or scholarships worth on average $3,924 (among about 664 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 70% | $3,924 |
| Federal Pell grants | 70% | $3,924 |
| Federal student loans | 65% | $5,178 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $4,345.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $28,559 |
| $30,001 – $75,000 | $29,212 |
| Over $75,000 | $32,451 |
Remember these are net prices — what families pay after gift aid, not before.
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 | $24,487 |
| Off-campus title-IV students | $29,198 |
For a personalized estimate based on your family’s financial situation, use Milan Institute-Bakersfield’s NPC: solutions.campusivy.com/Apps/NPC/NPCWizard/Wizard?institutionId=12600.
The middle student in the debt distribution at Milan Institute-Bakersfield owes $6,333 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,333 |
| 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.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. Use the percentiles below to see the debt range at Milan Institute-Bakersfield.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,109 |
| 25th percentile | $4,750 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $11,253 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $6,333 |
| Middle income | $5,500 |
| High income | $5,500 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,333 |
| Continuing-generation students | $6,333 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $6,333 |
A handful of calculated indicators summarize the debt outlook at Milan Institute-Bakersfield.
Stafford loans make up the bulk of federal direct lending to undergraduates. Below is the annual Stafford program activity at Milan Institute-Bakersfield:
| Metric | Value |
|---|---|
| Stafford loan recipients | 16091 |
| Total Stafford loan amount | $144,468,137 |
References
More about our data sources and methodologies.