Milan Institute-Merced
For-profit College in Merced, CA. Median 10-year earnings $24,879.
Median earnings ten years after entry come to $24,879, below what most undergraduate institutions return — the central fact to weigh against cost here. Median debt at graduation is $6,333, a light load against those earnings.
Earnings: College Scorecard, median ten years after entry across students who received federal aid — completers and non-completers alike.
- ✓ Debt-to-income ratio 0.25 — healthy (below the 0.40 threshold)
- ✓ 3-year loan default 0.0% — below national benchmark
Academics
This institution reports no six-year graduation rate. The federal measure only follows first-time, full-time students, so schools built around part-time or transfer enrollment often fall outside it entirely. Retention is strong at 90%, and first-year attrition is where most degrees are lost. At 13:1, students get materially more instructor contact than at a typical public university. Being a for-profit short-program school is the single most useful context for these numbers — the sector's spread is wide enough that the school-level figures matter more than usual. The undergraduate body is just 562, which shapes everything from class size to how often a required course is offered.
Financial Aid
IPEDS Student Financial Aid · 2023-24 · grant and loan rates against 562 degree- or certificate-seeking undergraduates
Net price lands at $23,599 a year on average, neither cheap nor punishing. The gap between the $0–30k and $110k+ bands is narrow ($22,940 versus $27,338), meaning aid is not strongly need-weighted. Grant aid reaches 65% of students at an average of $3,899. Borrowing is widespread: 55% take federal loans.
Entering first-year students
A different, smaller group than the rates above: full-time students in their first year of college anywhere. The grant series here also excludes the "other sources" counted in the all-undergraduate figure, so the two are not comparable.
IPEDS Student Financial Aid · 2023-24 · 449 students
Net price by family income
The same students as the headline above, limited to those who received Title IV federal aid — a narrower group, with a lower overall average. IPEDS publishes no combined figure across these bands, so they should not be averaged into one.
| Family income band | Average net price |
|---|---|
| $0–30k | $22,940 |
| $30–48k | $23,287 |
| $48–75k | $24,506 |
| $75–110k | $27,180 |
| $110k+ | $27,338 |
IPEDS Student Financial Aid · 2023-24
Federal student loans went to 309 of these 562 students, totalling $1,588,878 — an average of $5,142 each.
IPEDS Student Financial Aid · 2023-24
Local housing costs
Typical rents near campus (Merced County) — budget these against any cost-of-attendance housing estimate.
HUD Fair Market Rents (40th-percentile gross rent incl. utilities) · FY2026