by our College Data Analytics TeamA lot of students will never be charged 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 of Cosmetology-El Paso can sound overwhelming, but bear in mind that many students get some type of financial aid.
What financial assistance options will Milan Institute of Cosmetology-El Paso offer you, and what will you qualify for? Read on for more information. Keep going to discover just how much financial aid could 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 of Cosmetology-El Paso.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
At Milan Institute of Cosmetology-El Paso, 75% of first-time, full-time freshmen received some form of financial aid some 437 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 65% | $3,593 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 65% | $3,593 |
| State/local grants | 0% | — |
| Federal student loans | 60% | $5,150 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. Here, roughly 67% of undergraduate students received gift aid averaging $3,744 (covering around 465 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 67% | $3,744 |
| Federal Pell grants | 67% | $3,744 |
| Federal student loans | 60% | $5,245 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $3,756.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $25,710 |
| $30,001 – $75,000 | $26,383 |
| Over $75,000 | $28,807 |
Each figure is the net price after grants and scholarships, not the published sticker price.
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 | $26,656 |
| Off-campus title-IV students | $25,964 |
For a customized cost estimate, visit Milan Institute of Cosmetology-El Paso’s net price tool: solutions.campusivy.com/Apps/NPC/NPCWizard/Wizard?institutionId=12600.
The middle student in the debt distribution at Milan Institute of Cosmetology-El Paso owes $6,070 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,070 |
| Median federal debt (graduates only) | $6,333 |
| Typical 10-year monthly payment (graduates) | $67.14/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
The median alone does not show how widely outcomes vary across the student body. Use the percentiles below to see the debt range at Milan Institute of Cosmetology-El Paso.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,872 |
| 25th percentile | $4,750 |
| 75th percentile | $10,555 |
| 90th percentile (highest-debt students) | $16,500 |
Median debt varies by family income, by first-generation status, and by dependency status.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $6,222 |
| Middle income | $6,078 |
| High income | $4,584 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,078 |
| Continuing-generation students | $5,768 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,584 |
| Independent students | $6,333 |
The figure below distills the debt data into a single burden category for Milan Institute of Cosmetology-El Paso.
Most undergraduate borrowing runs through the federal Stafford loan program. The aggregate figures below show how active the program is at Milan Institute of Cosmetology-El Paso:
| Metric | Value |
|---|---|
| Stafford loan recipients | 13679 |
| Total Stafford loan amount | $147,554,631 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 35 |
| Total GI Bill amount | $406,532 |
| Average GI Bill amount per recipient | $11,615 |
References
More about our data sources and methodologies.