Number Received Financial Aid (All Undergraduate)
274
Percent Received Financial Aid(All Undergraduate)
65%
Average Aid Amount
$3,776
Number Received Financial Aid (Freshmen)
245
Percent Received Financial Aid (Freshmen)
71%
Financial Aid Information at Milan Institute-Merced
For the academic year 2023-2024, a total of 274 students (65% of undergraduate students) received one or more financial aid including grants, scholarships, and/or student loans. The average financial aid amount is $3,776. For freshmen (Full-time, first-time degree-seeking undergraduate students), 245 students (71% of enrolled students) received financial aid.
The 2025 undergraduate tuition & fees at Milan Institute-Merced is $14,309, for reference.
All Undergraduate Students Financial Aid
For the academic year 2023-2024, a total of 274 students (65% of all students) have received grants or scholarships and the average received aid amount is $3,776. It includes federal, state, local, institutional, or other sources of grant aid.
The following table describes the financial aid statistics by aid types at Milan Institute-Merced for all undergraduate students.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Federal, state, local, institutional or other grant aid | 274 | 65% | $3,776 |
| Pell Grants | 274 | 65% | $3,776 |
| Federal Student Loans | 245 | 58% | $4,990 |
Beginning Students Financial Aid
a total of 245 beginning students (71% of all freshmen) have received any financial aid and 245 students (71% of all freshmen) awarded any student loans. The headcount includes the number of full-time, first-time degree-seeking beginning undergraduate students.
The below table shows the number and amount by the source of financial aid at Milan Institute-Merced.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Any Student Financial Aid | 245 | 71% | - |
| Grants or Scholarship from All Sources | 224 | 65% | $3,874 |
| Federal Grants | 224 | 65% | $3,874 |
| Pell Grants | 224 | 65% | $3,874 |
| Other Federal Grants | 0 | 0% | - |
| State/Local Grants | 0 | 0% | - |
| Institutional Grants | 0 | 0% | - |
| Student Loans | 203 | 59% | $5,022 |
| Federal Student Loans | 203 | 59% | $5,022 |
| Other Student Loans | 0 | 0% | - |
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