by our College Data Analytics TeamThe majority of students will not be asked to pay the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The total price of attendance at Milligan University can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
Just what financial assistance solutions will Milligan provide, and just what are you going to be eligible for? Read on for answers. Keep reading to see how much school funding could be available to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. The information provided on this page can help you determine how much aid you may receive from Milligan University.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
For freshmen starting at Milligan University, 100% of entering full-time freshmen got some type of financial assistance approximately 238 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $31,220 |
| Institutional grants & scholarships | 100% | $26,289 |
| Federal Pell grants | 27% | $5,337 |
| State/local grants | 58% | $5,737 |
| Federal student loans | 50% | $5,383 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Across the undergraduate body at Milligan, some 98% of undergrads got grants or scholarships worth on average $29,469 (among about 814 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 98% | $29,469 |
| Federal Pell grants | 24% | $5,198 |
| Federal student loans | 45% | $6,512 |
Title-IV recipients living on campus saw average grant aid of $31,146.
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 | $13,733 |
| $30,001 – $75,000 | $18,566 |
| Over $75,000 | $24,486 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $21,365 |
| Off-campus title-IV students | $21,131 |
For a personalized estimate based on your family’s financial situation, use Milligan’s online cost calculator: www.milligan.edu/net-price-calculator/.
The median student at Milligan graduates with $18,800 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $18,800 |
| Median federal debt (graduates only) | $25,219 |
| Typical 10-year monthly payment (graduates) | $267.36/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
The numbers below show the full range, not just the middle of the distribution. The percentiles below describe the cumulative federal debt distribution for borrowers at Milligan.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,500 |
| 25th percentile | $9,250 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $34,534 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $18,500 |
| Middle income | $19,010 |
| High income | $18,063 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $19,474 |
| Continuing-generation students | $16,226 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $17,125 |
| Independent students | $25,000 |
The figure below distills the debt data into a single burden category for Milligan.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The aggregate figures below show how active the program is at Milligan:
| Metric | Value |
|---|---|
| Stafford loan recipients | 4317 |
| Total Stafford loan amount | $99,952,793 |
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 | 25 |
| Total GI Bill amount | $391,952 |
| Average GI Bill amount per recipient | $15,678 |
References
More about our data sources and methodologies.