Financial Aid at Milan Institute-Merced
Financial Aid Amount Received
$4,844 (31.20% of tuition)
Percent of Financial Aid Received
78% of 238 students
321 undergraduate students (78% of all students) have received grants, scholarships, and/or federal student loans at Milan Institute-Merced. The percentage of students who received financial aid much higher compared to Private (for-profit), Less Than 2-Years Colleges in California.
Compared to similar schools in rankings such as American Academy of Dramatic Arts-Los Angeles and American Beauty College, the percentage of students who received financial aid is average (the average of the schools is 72.11%).
Undergraduate Financial Aid by Type
The average amount of grants of scholarship aid is $4,844 and the average loan amount is $6,144. The average financial aid amount is 31.20% of tuition & fees (tuition & fees: $15,527).
| Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received | |
|---|---|---|---|---|
| Grant or scholarship aid | 321 | 78% | $1,555,021 | $4,844 |
| Pell Grants | 315 | 76% | $1,334,153 | $4,235 |
| Federal Students Loans | 301 | 73% | $1,849,343 | $6,144 |
Undergraduate Student Financial Aid Comparison Chart
First-time (full-time) Undergraduate Students Financial Aid
For the full-time, first-time undergraduate students (freshmen, in most cases), 193 students have received one or more types of financial aid at Milan Institute-Merced.
The average amount of federal, state, local or institutional grant aid is $4,574 and the average amount of student loans awarded to full-time first-time undergraduate students is $6,382.
The following table shows the financial data by type of aid at Milan Institute-Merced.
First-time Undergraduate Financial Aid by Type
| Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received | |
|---|---|---|---|---|
| Any Financial Aid | 205 | 94% | - | - |
| Grant or scholarship aid | 193 | 89% | $882,831 | $4,574 |
| Federal Grants | 193 | 89% | $877,466 | $4,546 |
| Pell Grants | 192 | 88% | $811,192 | $4,225 |
| Other Federal Grants | 66 | 30% | $66,274 | $1,004 |
| State/Local Grants | 0 | 0% | $0 | $0 |
| Institutional Grants | 6 | 3% | $5,365 | $894 |
| Student Loans | 176 | 81% | $1,123,152 | $6,382 |
| Federal Student Loans | 176 | 81% | $1,123,152 | $6,382 |
| Other Student Loans | 0 | 0% | $0 | $0 |