For the 2022-23 school year, tuition at the Milan Institute-Merced rose by 1.3%, according to the most recent figures, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the private for-profit institution paid $20,001 this year, an increase of $250 from the $19,751 charged during the 2021-22 academic year.
All undergraduate students at the school are residents of California.
Data indicates that 71% of full-time undergraduates who began studies at the Milan Institute-Merced in 2022-23 received some form of financial aid. A total of 224 students were awarded grants or scholarships amounting to $867,881, while 203 students secured student loans exceeding $1 million.
Across the entire undergraduate body, 274 students received grants or scholarships totaling $1 million. Additionally, 245 students borrowed $1.2 million in federal student loans.
Undergraduate education costs have seen a significant increase over the past few decades. Data shows a 169% rise in the average total cost, including tuition, fees, room, and board, between 1980 and 2020.
According to a 2023 College Board report, in-state students at public universities paid an average of $11,260, while out-of-state students paid $29,150 in the 2023-24 academic year.
Meanwhile, student loan debt has steadily increased over the last 30 years, reaching $1.75 trillion in 2024, averaging a total of $28,950 per borrower. Federal loans make up 92% of the debt, with over half of students at both public and private four-year colleges graduating with student loans.
Available data sometimes exceeds 100% due to rounding and administrative calculations.
| Type of Aid | Number of students awarded aid | Percent awarded aid | Total amount of aid awarded | Average amount of aid per student |
|---|---|---|---|---|
| Federal grants | 224 | 65% | $867,881 | $3,874 |
| State / local grant or scholarship | 0 | 0% | $0 | $0 |
| Institutional grants or scholarships | 0 | 0% | $0 | $0 |
| Grant or scholarship aid total | 224 | 65% | $867,881 | $3,874 |
| Federal student loans | 203 | 59% | $1 million | $5,022 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 203 | 59% | $1 million | $5,022 |
| Total student aid | 245 | 71% | $1.9 million | $7,703 |
