For the 2022-23 school year, tuition at Milan Institute-Bakersfield rose by 1.3%, as revealed in the most recent report, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the private for-profit institution paid $20,003 this year, an increase of $250 compared to the $19,753 tuition charged in the 2021-22 academic year.
The entire undergraduate student body at the school consists of California residents.
Data indicates that 75% of full-time undergraduates who began studies at Milan Institute-Bakersfield in 2022-23 received some form of student financial aid. A total of 415 students were awarded grants or scholarships amounting to $1.6 million, while 388 students secured student loans exceeding $2.1 million.
Across all undergraduate students, 500 received grants or scholarships totaling $1.9 million. Additionally, 467 students borrowed $2.5 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.
The following data includes only full-time students who began an undergraduate program at the the Milan Institute-Bakersfield in the 2022-23 school year.
| Type of Aid | Number of students awarded aid | Percent awarded aid | Total amount of aid awarded | Average amount of aid per student |
|---|---|---|---|---|
| Federal grants | 415 | 68% | $1.6 million | $3,802 |
| State / local grant or scholarship | 0 | 0% | $0 | $0 |
| Institutional grants or scholarships | 0 | 0% | $0 | $0 |
| Grant or scholarship aid total | 415 | 68% | $1.6 million | $3,802 |
| Federal student loans | 388 | 64% | $2.1 million | $5,375 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 388 | 64% | $2.1 million | $5,375 |
| Total student aid | 459 | 75% | $3.7 million | $7,981 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
