by our College Data Analytics TeamMany students will not be asked to pay 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 price tag of going to Miles Community College can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
Just what financial aid solutions can Miles Community College provide, and just what are you going to be eligible for? Keep reading for answers. Keep reading to see what amount of financial assistance could be accessible to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Use the information below to understand how much financial assistance you may get from Miles Community College.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
At Miles Community College, 98% of first-year full-time students received aid of some kind approximately 118 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 93% | $5,459 |
| Institutional grants & scholarships | 50% | $4,845 |
| Federal Pell grants | 46% | $5,482 |
| State/local grants | 6% | $743 |
| Federal student loans | 44% | $5,765 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At Miles Community College, approximately 38% of undergraduate students received gift aid averaging $6,893 (for some 255 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 38% | $6,893 |
| Federal Pell grants | 21% | $5,095 |
| Federal student loans | 23% | $6,111 |
For on-campus title-IV students, average grant aid came to $7,047.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $6,201 |
| $30,001 – $75,000 | $6,979 |
| Over $75,000 | $9,165 |
Remember these are net prices — what families pay after gift aid, not before.
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 | $10,405 |
| Off-campus title-IV students | $7,070 |
For a customized cost estimate, visit Miles Community College’s net price tool: content.milescc.edu/Downloadfiles/FinAID/NetPriceCalculator/npcalc.htm.
The median student at Miles Community College graduates with $8,025 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $8,025 |
| Median federal debt (graduates only) | $11,500 |
| Typical 10-year monthly payment (graduates) | $121.92/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
A single median figure conceals how much debt outcomes differ student to student. The percentiles below describe the cumulative federal debt distribution for borrowers at Miles Community College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,943 |
| 75th percentile | $12,000 |
| 90th percentile (highest-debt students) | $18,500 |
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 | $7,855 |
| Middle income | $9,101 |
| High income | $6,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,855 |
| Continuing-generation students | $8,250 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Miles Community College.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The annual Stafford volume below reflects program activity at Miles Community College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 2144 |
| Total Stafford loan amount | $21,227,444 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 10 |
| Total GI Bill amount | $2,800 |
| Average GI Bill amount per recipient | $280 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.