by our College Data Analytics TeamThe majority of students will not be asked to pay 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 price tag of going to Milan Institute of Cosmetology-Fairfield can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
What financial assistance options will Milan Institute of Cosmetology-Fairfield offer, and what will you qualify for? Read on for more information. Keep reading to see just how much financial aid could be open to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Use the information below to understand how much financial assistance you may get from Milan Institute of Cosmetology-Fairfield.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
For incoming first-year students at Milan Institute of Cosmetology-Fairfield, 70% of entering full-time freshmen got some type of financial assistance around 259 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 65% | $4,124 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 65% | $4,124 |
| State/local grants | 0% | — |
| Federal student loans | 62% | $5,592 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Here, some 67% of undergraduates were awarded grant or scholarship aid averaging $4,031 (covering around 280 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 67% | $4,031 |
| Federal Pell grants | 67% | $4,031 |
| Federal student loans | 60% | $5,456 |
Title-IV recipients living on campus saw average grant aid of $4,432.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $24,735 |
| $30,001 – $75,000 | $25,477 |
| Over $75,000 | $29,562 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $23,880 |
| Off-campus title-IV students | $25,234 |
For a customized cost estimate, visit Milan Institute of Cosmetology-Fairfield’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-Fairfield owes $6,070 of cumulative federal debt.
| 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. These percentiles trace how cumulative federal debt is spread among borrowers at Milan Institute of Cosmetology-Fairfield.
| 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 |
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 | $6,222 |
| 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 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,584 |
| Independent students | $6,333 |
A handful of calculated indicators summarize the debt outlook at Milan Institute of Cosmetology-Fairfield.
Stafford loans make up the bulk of federal direct lending to undergraduates. The aggregate figures below show how active the program is at Milan Institute of Cosmetology-Fairfield:
| Metric | Value |
|---|---|
| Stafford loan recipients | 13679 |
| Total Stafford loan amount | $147,554,631 |
References
More about our data sources and methodologies.