Confused about which foods to consume while following a cholesterol-lowering diet? It's understandable. Milk, as well as other dairy products, are probably one of the most misunderstood foods when it comes to heart health. For instance, milk and other dairy products contain a lot of vitamins and calcium that can help keep your bones strong and healthy. However, they also contain a high amount of fat, which could adversely affect your cholesterol. So, can you consume dairy products while following a low cholesterol diet? Milk products are classified based on the percent of fat contained within the milk, and the amount of fat that your milk product has in it could make a considerable impact on your cholesterol.