How Milan Institute-Sparks's Financial Aid Changes

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Milan Institute-Sparks since 2013.

For that period, the average number of students who received grants aid/scholarships is 220, which is 58.56 % of all undergraduate students. 206 students which is 53.67% of undergraduate students received federal student loans and the average loan amount is $5,964.

Year	Grant or Scholarship^*		Pell Grants		Federal Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	311 (48%)	$3,647	308 (47%)	$3,650	329 (50%)	$6,080
2014-15	299 (48%)	$3,549	297 (47%)	$3,528	295 (47%)	$5,961
2015-16	341 (58%)	$3,540	340 (58%)	$3,531	330 (56%)	$5,582
2016-17	282 (62%)	$2,476	282 (62%)	$2,445	246 (54%)	$4,204
2017-18	214 (64%)	$4,087	168 (50%)	$4,006	170 (51%)	$6,320
2018-19	167 (55%)	$3,784	158 (52%)	$3,866	154 (51%)	$6,522
2019-20	139 (65%)	$3,627	119 (56%)	$3,973	130 (61%)	$6,102
2020-21	111 (57%)	$4,164	98 (51%)	$3,744	90 (46%)	$6,226
2021-22	119 (70%)	$5,345	110 (65%)	$4,004	114 (67%)	$6,680
Average	220 (58.56%)	$3,802	209 (54.22%)	$3,639	206 (53.67%)	$5,964

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

Overview

For the last 10 years, on average, 160 (60.56 % of students) received grants or scholarships and its average amount is $3,824. It can cover 29.21% of tuition & fees ($13,091).

In addition, 147 (56.00 % of students) students get helped from the students loans (average amount : $6,122).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	221 (54%)	$3,661	235 (58%)	$6,262
2014-15	221 (53%)	$3,727	215 (51%)	$6,324
2015-16	243 (62%)	$3,570	234 (60%)	$5,741
2016-17	171 (52%)	$3,230	123 (38%)	$5,579
2017-18	167 (61%)	$4,063	131 (48%)	$6,505
2018-19	139 (59%)	$3,816	128 (54%)	$6,681
2019-20	112 (72%)	$3,756	106 (68%)	$5,878
2020-21	104 (61%)	$3,442	90 (53%)	$4,750
2021-22	62 (71%)	$5,149	64 (74%)	$7,375
Average	160 (60.56%)	$3,824	147 (56.00%)	$6,122

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students.

Grants/Scholarship

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 152 (56.67 % of students) received Pell (federal) grants and its average amount is $3,644.

In addition, 10 students received State/local government grants/scholarships (3.80 % of students).

Year	Federal (Pell) Grants		Other Federal		State/Local government		Institutional
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	221 (54%)	$3,647	-	-	-	-	3 (1%)	$1,000
2014-15	219 (52%)	$3,720	-	-	4 (1%)	$2,188	1 (0%)	$200
2015-16	243 (62%)	$3,558	-	-	-	-	3 (1%)	$1,000
2016-17	171 (52%)	$3,197	-	-	2 (1%)	$625	6 (2%)	$750
2017-18	127 (46%)	$4,034	-	-	41 (15%)	$3,896	11 (4%)	$591
2018-19	131 (56%)	$3,902	-	-	3 (1%)	$2,730	21 (9%)	$524
2019-20	101 (65%)	$3,951	58 (37%)	$251	1 (1%)	$3,000	8 (5%)	$500
2020-21	93 (54%)	$2,912	35 (20%)	$482	-	-	46 (27%)	$1,530
2021-22	60 (69%)	$3,872	21 (24%)	$1,454	-	-	32 (37%)	$1,763
Average	152 (56.67%)	$3,644	38 (27.00%)	$729	10 (3.80%)	$2,488	15 (10.75%)	$873

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students..

Student Loans

The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.

For the last 10 years, on average, 147 (56.00 % of students) get any students loan help and its average loan amount is $147.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	235 (58%)	$6,262	235 (58%)	$6,262	-	-
2014-15	215 (51%)	$6,324	215 (51%)	$6,324	-	-
2015-16	234 (60%)	$5,741	234 (60%)	$5,741	-	-
2016-17	123 (38%)	$5,579	123 (38%)	$5,579	-	-
2017-18	131 (48%)	$6,505	131 (48%)	$6,505	-	-
2018-19	128 (54%)	$6,681	128 (54%)	$6,681	-	-
2019-20	106 (68%)	$5,878	106 (68%)	$5,878	-	-
2020-21	90 (53%)	$4,750	90 (53%)	$4,750	-	-
2021-22	64 (74%)	$7,375	64 (74%)	$7,375	-	-
Average	147 (56.00%)	$6,122	147 (56.00%)	$6,122	-	-

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Scholarships, Grants, and Loan Trends at Milan Institute-Sparks

All Undergraduate Students Financial Aid Over Time

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time