by our College Data Analytics TeamMost students will never be charged 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 total cost of going to Miles College can seem tremendous, but do not forget that almost all students are given some form of financial help.
What financial aid options can Miles College offer you, and what will you qualify for? Keep reading for more information. Keep reading to find out what amount of financial assistance will be accessible 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 Miles College.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. However, some types of aid are more desirable than others, and some students will receive more than others.
For incoming first-year students at Miles College, 88% of first-time, full-time freshmen received some form of financial aid roughly 156 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 86% | $11,374 |
| Institutional grants & scholarships | 57% | $5,821 |
| Federal Pell grants | 77% | $6,883 |
| State/local grants | 20% | $2,114 |
| Federal student loans | 77% | $6,201 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At this school, approximately 88% of undergraduate students received gift aid averaging $11,013 (among about 1017 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 88% | $11,013 |
| Federal Pell grants | 72% | $6,563 |
| Federal student loans | 73% | $7,099 |
For students living on campus and receiving title-IV aid, grants averaged $6,883.
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 | $13,664 |
| $30,001 – $75,000 | $14,556 |
| Over $75,000 | $20,065 |
Remember these are net prices — what families pay after gift aid, not before.
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 | $14,271 |
| Off-campus title-IV students | $14,514 |
For an estimate tailored to your family circumstances, see Miles College’s net price calculator: miles.clearcostcalculator.com/student/default/netpricecalculator/survey.
The middle student in the debt distribution at Miles College owes $15,691 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $15,691 |
| Median federal debt (graduates only) | $31,217 |
| Typical 10-year monthly payment (graduates) | $330.95/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
A single median figure conceals how much debt outcomes differ student to student. The figures below chart the debt distribution at Miles College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,783 |
| 25th percentile | $5,500 |
| 75th percentile | $28,271 |
| 90th percentile (highest-debt students) | $40,998 |
Median debt varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $16,500 |
| Middle income | $14,250 |
| High income | $15,000 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $15,250 |
| Continuing-generation students | $17,311 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $14,999 |
| Independent students | $18,500 |
These indicators are derived from the underlying debt data and summarize the overall picture at Miles College.
Most undergraduate borrowing runs through the federal Stafford loan program. The aggregate figures below show how active the program is at Miles College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 14078 |
| Total Stafford loan amount | $269,051,870 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 10 |
| Total GI Bill amount | $122,566 |
| Average GI Bill amount per recipient | $12,257 |
References
More about our data sources and methodologies.