Milan Institute-Merced

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2022 Average Net Price
$20,660
After Financial Aid
2019 Default Rate
3.25%
on Student Loans
2022 Enrolled Students
238
100% Full-Time

About

Milan Institute-Merced is a higher education institution located in Merced County, CA. In 2022, the most popular 1 to 2 Year Postsecondary Certificate concentrations at Milan Institute-Merced were General Cosmetology (17 degrees awarded) and Barbering (3 degrees).

In 2022, 138 degrees were awarded across all undergraduate and graduate programs at Milan Institute-Merced. 97.1% of these degrees were awarded to women, and 2.9% awarded men. The most common race/ethnicity group of degree recipients was hispanic or latino (96 degrees), 4.8 times more than then the next closest race/ethnicity group, white (20 degrees).

Costs

After taking grants and loans into account, the average net price for students is $20,660.

In 2022, 78% of undergraduate students attending Milan Institute-Merced received financial aid through grants. Comparatively, 73% of undergraduate students received financial aid through loans.

Average Net Price

$20,660
2022 Value
16.1%
1 Year Growth

In 2022 Milan Institute-Merced had an average net price — the price paid after factoring in grants and loans — of $20,660. Between 2021 and 2022, the average net price of Milan Institute-Merced grew by 16.1%.

This chart compares the average net price of Milan Institute-Merced (in red) with that of other similar universities.

Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

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Financial Aid by Income Level

78%
Undergraduates Receiving Financial Aid through Grants
73%
Undergraduates Receiving Financial Aid through Loans

78% of undergraduate students at Milan Institute-Merced received financial aid through grants or loans in 2022. This represents a growth of 25.8% with respect to 2021, when 62% of undergraduate students received financial aid.

This chart compares the average award discount at Milan Institute-Merced (in red) with that of other similar universities.

The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

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Student Loan Default Rate

Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.
3.25%
2019 Default Rate
39
Number of Defaults

In 2019 the default rate for borrower's at Milan Institute-Merced was 3.25%, which represents 39 out of the 1200 total borrowers.

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

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Enrollment

Milan Institute-Merced had a total enrollment of 238 students in 2022. The full-time enrollment at Milan Institute-Merced is 238 students and the part-time enrollment is 0. This means that 100% of students enrolled at Milan Institute-Merced are enrolled full-time.

The enrolled student population at Milan Institute-Merced, both undergraduate and graduate, is 70.2% Hispanic or Latino, 13% White, 6.72% Black or African American, 2.52% Two or More Races, 1.68% Asian, 0.84% American Indian or Alaska Native, and 0.42% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Milan Institute-Merced in full-time Undergraduate programs are most commonly Hispanic or Latino Female (60.1%), followed by White Female (11.8%) and Hispanic or Latino Male (10.1%).

Full-Time vs Part-Time Enrollment

100%
Full-Time Enrollment

The total enrollment at Milan Institute-Merced in 2022, both undergraduate and graduate, is 238 students. The full-time enrollment at Milan Institute-Merced is 238 and the part-time enrollment is 0.

This chart shows the full-time vs part-time enrollment status at Milan Institute-Merced (in red) compares to similar universities.

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Retention Rate over Time

78%
2022 Retention Rate

Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall. The retention rate for full-time undergraduates at Milan Institute-Merced was 78%. Compared with the full-time retention rate at similar (79%), Milan Institute-Merced had a retention rate lower than its peers.

This chart shows the retention rate over time at Milan Institute-Merced (highlighted in red) compares to similar universities.

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2022)
  1. Hispanic or Latino
    167 enrolled students
  2. White
    31 enrolled students
  3. Black or African American
    16 enrolled students

The enrolled student population at Milan Institute-Merced is 70.2% Hispanic or Latino, 13% White, 6.72% Black or African American, 2.52% Two or More Races, 1.68% Asian, 0.84% American Indian or Alaska Native, and 0.42% Native Hawaiian or Other Pacific Islanders. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all is 35.2% White, 26.5% Hispanic or Latino, and 17.4% Black or African American.

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Graduates

In 2022, 130 more women than men received degrees from Milan Institute-Merced. The most common race/ethnicity group of degree recipients at Milan Institute-Merced is hispanic or latino (96 degrees awarded). There were 4.8 times more hispanic or latino recipients than the next closest race/ethnicity group, white (20 degrees).

The most common 1 to 2 Year Postsecondary Certificate concentration at Milan Institute-Merced is General Cosmetology (17 degrees awarded), followed by Barbering (3 degrees).

Common Jobs by Major

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Milan Institute-Merced are Registered nurses (1,394,973 people), Medical & health services managers (151,169 people), Nurse practitioners & nurse midwives (140,626 people), Pharmacists (134,087 people), and Physicians (107,616 people).

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Highest Paying Jobs by Major

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Milan Institute-Merced are Surgeons, Chief executives & legislators, Physicians, Lawyers, & judges, magistrates, & other judicial workers, and Podiatrists

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Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Milan Institute-Merced.
Most Common (2022)
  1. 17 degrees awarded
  2. 3 degrees awarded

In 2022, the most common 1 to 2 year postsecondary certificate concentration at Milan Institute-Merced was General Cosmetology with 17 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from 1 to 2 year postsecondary certificate programs at Milan Institute-Merced according to their major.

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Sex Breakdown for Common Majors

4
Degrees Awarded to Men
in 2022
134
Degrees Awarded to Women
in 2022

In 2022, 4 degrees were awarded to men at Milan Institute-Merced, which is 0.0299 times less than the number of degrees awarded to females (134).

This chart displays the sex disparity between the top 5 majors at Milan Institute-Merced by degrees awarded.

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Most Common Male Majors

In 2022, 2 degrees were awarded to men at Milan Institute-Merced in Barbering, which is 2 times more than the 1 female recipients with that same degree.

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Most Common Female Majors

In 2022, 43 degrees were awarded to women at Milan Institute-Merced in Aesthetician & Skin Care Specialist. There were no male recipients with the same degree.

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Time to Complete

5%
100% Completion Time
46%
150% Completion Time

In 2022, 5% of students graduating from Milan Institute-Merced completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 46% completed their degrees within 150% of the normal time, and 55% within 200%.

The following chart shows these completion rates over time compared to the average for the Carnegie Classification group.

Graduation rate is defined as the percentage of full-time, first-time students who received a degree or award within a specific percentage of "normal time" to completion for their program.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2022)
  1. Hispanic or Latino
    96 degrees awarded
  2. White
    20 degrees awarded
  3. Black or African American
    6 degrees awarded

The most common race/ethnicity at Milan Institute-Merced is hispanic or latino (96 degrees awarded). There were 4.8 times more hispanic or latino recipients than the next closest race/ethnicity group, white (20 degrees).

3.62% of degree recipients (5 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic (2022)
  1. Hispanic or Latino Female
    93 degrees awarded
  2. White Female
    19 degrees awarded
  3. Black or African American Female
    6 degrees awarded

The most common race/ethnicity and sex grouping at Milan Institute-Merced is hispanic or latino female (93 degrees awarded). There were 4.89 times more hispanic or latino female recipients than the next closest race/ethnicity group, white female (19 degrees).

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Operations

Salary Expenditure

$1.13M
2022 Salaries
20.8%
growth from 2021

In 2022, Milan Institute-Merced paid a median of $1.13M in salaries, a 20.8% growth from the previous year.

The median for similar is 668k (13.2% of overall expenditures).

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