Over the past 8 years (2013-2020), the average number of students who received grants aid/scholarships is 101, which is 66.14 % of all undergraduate students. 92 students which is 58.43% of undergraduate students received federal student loans and the average loan amount is $6,006.

For full-time, first-time beginning students (freshmen), 70.57% of students received grants or scholarships and 63% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table shows the trends of financial aid for all undergraduate students at Milan Institute of Cosmetology since 2013.

For that period, the average number of students who received grants aid/scholarships is 101, which is 66.14 % of all undergraduate students. 92 students which is 58.43% of undergraduate students received federal student loans and the average loan amount is $6,006.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14207 (81%)$3,818206 (80%)$3,820192 (75%)$6,198
2014-15146 (76%)$3,647146 (76%)$3,647143 (74%)$5,723
2015-16129 (81%)$3,434128 (81%)$3,448116 (73%)$5,738
2016-1753 (39%)$3,09452 (38%)$3,14457 (42%)$6,042
2017-1868 (65%)$3,87268 (65%)$3,87261 (58%)$6,003
2018-1965 (57%)$4,00965 (57%)$4,00947 (41%)$5,893
2019-2038 (64%)$3,25436 (61%)$3,26627 (46%)$6,445
Average101 (66.14%)$3,590100 (65.43%)$3,60192 (58.43%)$6,006
*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.

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

For the last 8 years, on average, 67 (70.57 % of students) received grants or scholarships and its average amount is $3,576. It can cover 19.78% of tuition & fees ($18,084).

In addition, 60 (62.71 % of students) students get helped from the students loans (average amount : $5,941).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14118 (88%)$3,908115 (86%)$6,037
2014-1583 (86%)$3,81284 (88%)$5,789
2015-1672 (81%)$3,36163 (71%)$5,869
2016-1741 (41%)$3,04044 (44%)$5,843
2017-1857 (67%)$3,71449 (58%)$5,918
2018-1959 (66%)$4,04742 (47%)$6,192
2019-2036 (65%)$3,15125 (45%)$5,939
Average67 (70.57%)$3,57660 (62.71%)$5,941
*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.

The following table shows the trends of grants or scholarships over time. For the last 8 years, on average, 66 (70.14 % of students) received Pell (federal) grants and its average amount is $3,595.

Year Federal (Pell) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14118 (88%)$3,893----4 (3%)$438
2014-1583 (86%)$3,812------
2015-1671 (80%)$3,386----2 (2%)$800
2016-1740 (40%)$3,104----1 (1%)$500
2017-1857 (67%)$3,714------
2018-1959 (66%)$4,047------
2019-2035 (64%)$3,212----2 (4%)$500
Average66 (70.14%)$3,595----2 (2.50%)$560
*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.

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 8 years, on average, 60 (62.71 % of students) get any students loan help and its average loan amount is $60.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14115 (86%)$6,037115 (86%)$6,037--
2014-1584 (88%)$5,78984 (88%)$5,789--
2015-1663 (71%)$5,86963 (71%)$5,869--
2016-1744 (44%)$5,84344 (44%)$5,843--
2017-1849 (58%)$5,91849 (58%)$5,918--
2018-1942 (47%)$6,19242 (47%)$6,192--
2019-2025 (45%)$5,93925 (45%)$5,939--
Average60 (62.71%)$5,94160 (62.71%)$5,941--

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