As many as 73% of the students at MIB get some sort of financial aid, and the total amount of assistance/loans provided is more than $487,104 in a year. Notably, a total of 68% of the applicants to Milan Institute-Boise receive the Federal Grant every year. On the other hand, 68% of the candidates get the Student Grant, while 68% receive the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $3,590. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At MIB, an estimated number of 48% of the applicants choose to go for student loans.