by our College Data Analytics TeamMany students will not be asked to pay the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The sum total of attendance at Milan Institute-Clovis can sound overwhelming, but bear in mind that many students get some type of financial aid.
What financing options does Milan Institute-Clovis offer you, and what will you qualify for? Keep scrolling for more information. Keep going to find out just how much financial aid will be open to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. The information provided on this page can help you determine how much aid you may receive from Milan Institute-Clovis.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
Among first-time, full-time freshmen at Milan Institute-Clovis, 78% of entering full-time freshmen got some type of financial assistance around 670 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 66% | $3,347 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 66% | $3,347 |
| State/local grants | 0% | — |
| Federal student loans | 64% | $5,033 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At Milan Institute-Clovis, about 70% of undergraduates were awarded grant or scholarship aid averaging $3,765 (for some 690 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 70% | $3,765 |
| Federal Pell grants | 70% | $3,765 |
| Federal student loans | 66% | $5,027 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $2,931.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $21,567 |
| $30,001 – $75,000 | $22,021 |
| Over $75,000 | $24,364 |
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 | $23,238 |
| Off-campus title-IV students | $21,941 |
For an estimate tailored to your family circumstances, see Milan Institute-Clovis’s official net price calculator: solutions.campusivy.com/Apps/NPC/NPCWizard/Wizard?institutionId=12600.
The middle student in the debt distribution at Milan Institute-Clovis owes $6,333 in federal student debt.
| 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 |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
Looking only at the median can be misleading because it hides the spread. The four reference points below map the debt distribution at Milan Institute-Clovis.
| 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 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $6,333 |
| Middle income | $5,500 |
| High income | $5,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,333 |
| Continuing-generation students | $6,333 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $6,333 |
These indicators are derived from the underlying debt data and summarize the overall picture at Milan Institute-Clovis.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The annual Stafford volume below reflects program activity at Milan Institute-Clovis:
| Metric | Value |
|---|---|
| Stafford loan recipients | 16091 |
| Total Stafford loan amount | $144,468,137 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 7 |
| Total GI Bill amount | $91,455 |
| Average GI Bill amount per recipient | $13,065 |
References
More about our data sources and methodologies.