Financial Aid at Milan Institute-Merced
Financial Aid Amount Received
$3,776 (24.32% of tuition)
Percent of Financial Aid Received
65% of 238 students
274 undergraduate students (65% of all students) have received grants, scholarships, and/or federal student loans at Milan Institute-Merced. The percentage of students who received financial aid average 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 69.44%).
Undergraduate Financial Aid by Type
The average amount of grants of scholarship aid is $3,776 and the average loan amount is $4,990. The average financial aid amount is 24.32% 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 | 274 | 65% | $1,034,518 | $3,776 |
| Pell Grants | 274 | 65% | $1,034,518 | $3,776 |
| Federal Students Loans | 245 | 58% | $1,222,473 | $4,990 |
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), 224 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 $3,874 and the average amount of student loans awarded to full-time first-time undergraduate students is $5,022.
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 | 245 | 71% | - | - |
| Grant or scholarship aid | 224 | 65% | $867,881 | $3,874 |
| Federal Grants | 224 | 65% | $867,881 | $3,874 |
| Pell Grants | 224 | 65% | $867,881 | $3,874 |
| Other Federal Grants | 0 | 0% | $0 | - |
| State/Local Grants | 0 | 0% | $0 | - |
| Institutional Grants | 0 | 0% | $0 | - |
| Student Loans | 203 | 59% | $1,019,500 | $5,022 |
| Federal Student Loans | 203 | 59% | $1,019,500 | $5,022 |
| Other Student Loans | 0 | 0% | $0 | - |