Milan Institute
of Cosmetology-Reno
For-profit College in Reno, NV. Median 10-year earnings $22,378.
Median earnings ten years after entry come to $22,378, 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 0.28 — 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 85%, and first-year attrition is where most degrees are lost. At 26:1, instructor access is thin — worth probing on a campus visit. This is a for-profit short-program school. That is not disqualifying, but it does mean verifying accreditation, transferability of credits, and job-placement claims directly rather than trusting the category. The undergraduate body is just 394, 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 394 degree- or certificate-seeking undergraduates
Students pay an average of $21,682 annually once grants are applied. The gap between the $0–30k and $110k+ bands is narrow ($20,114 versus $24,796), meaning aid is not strongly need-weighted. 58% of students receive grant aid, averaging $3,666 — common but not automatic. 64% of students borrow federally, so debt is the norm rather than the exception.
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 · 351 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 | $20,114 |
| $30–48k | $20,197 |
| $48–75k | $21,545 |
| $75–110k | $23,653 |
| $110k+ | $24,796 |
IPEDS Student Financial Aid · 2023-24
Federal student loans went to 252 of these 394 students, totalling $1,255,464 — an average of $4,982 each.
IPEDS Student Financial Aid · 2023-24
Local housing costs
Typical rents near campus (Washoe County) — budget these against any cost-of-attendance housing estimate.
HUD Fair Market Rents (40th-percentile gross rent incl. utilities) · FY2026
Veterans & GI Bill
VA GI Bill Comparison Tool (Veterans Affairs GIDS)