by our College Data Analytics TeamMost students are not billed 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 sum total of attendance at Milan Institute-Merced can sound overwhelming, but bear in mind that many students get some type of financial aid.
What financing options does Milan Institute-Merced offer, and what will you qualify for? Keep scrolling for more information. Keep going to learn just how much financial aid will be open to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. The figures below will help you estimate the aid you might receive from Milan Institute-Merced.
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.
Looking at the entering class at Milan Institute-Merced, 75% of entering full-time freshmen got some type of financial assistance (about 337 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 67% | $3,852 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 67% | $3,852 |
| State/local grants | 0% | — |
| Federal student loans | 44% | $4,952 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. Here, roughly 65% of undergraduates were awarded grant or scholarship aid averaging $3,899 (across approximately 365 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 65% | $3,899 |
| Federal Pell grants | 65% | $3,899 |
| Federal student loans | 55% | $5,142 |
On-campus students receiving title-IV aid were awarded grants averaging $3,942.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $27,491 |
| $30,001 – $75,000 | $28,776 |
| Over $75,000 | $31,630 |
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 | $23,396 |
| Off-campus title-IV students | $28,094 |
To get a personalized net price estimate, try Milan Institute-Merced’s net price calculator: solutions.campusivy.com/Apps/NPC/NPCWizard/Wizard?institutionId=12600.
The median student at Milan Institute-Merced graduates with $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 |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
The median alone does not show how widely outcomes vary across the student body. The figures below chart the debt distribution at Milan Institute-Merced.
| 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.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $6,333 |
| Middle income | $5,500 |
| High income | $5,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,333 |
| Continuing-generation students | $6,333 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $6,333 |
A handful of calculated indicators summarize the debt outlook at Milan Institute-Merced.
Stafford loans are the federal government’s primary direct undergraduate lending program. Below is the annual Stafford program activity at Milan Institute-Merced:
| Metric | Value |
|---|---|
| Stafford loan recipients | 16091 |
| Total Stafford loan amount | $144,468,137 |
References
More about our data sources and methodologies.