Payback
EarningsPlus
Economic score
Millikin University is a private regional college located in Decatur, Illinois. Millikin University is moderately inclusive in their admissions.
Return on educational investment at Millikin University is in the bottom 50% of all ranked schools. The median student earns $47,129 10 years after enrolling, 40th in Illinois, and in the bottom 50% nationally. When adjusted for earning differences by major, Millikin University bachelor students earn 4% less than the national average. Millikin University is ranked 34th in Illinois.
Millikin University’s median net annual cost of $19,135 and average years to graduate of 4.2 are reported only at the school level. We assume these same costs and graduation time for all programs.
The top 6 programs at Millikin University sorted by number of graduates - Registered Nursing, Drama, Business Administration, Music, Education, Education (subject specific) - are shown below. To see more programs, click on "see additional programs".
Annual net cost
$19,135
Average years to graduate
4.2
Information Systems Mgmt.
Rank: -
When a school's graduation rate falls in the bottom 25% in the country, we do not display an economic ranking.
Economic score: 2.79
Marketing
Rank: -
When a school's graduation rate falls in the bottom 25% in the country, we do not display an economic ranking.
Economic score: 2.93
Accounting
Rank: #334
Economic score: 3.01
Biology
Rank: #63
Economic score: 3.16
Comms & Media Studies
Rank: -
When a school's graduation rate falls in the bottom 25% in the country, we do not display an economic ranking.
Economic score: 5.65
Social Work
Rank: -
When a school's graduation rate falls in the bottom 25% in the country, we do not display an economic ranking.
Economic score: 5.96
Health & Fitness
Rank: #322
Economic score: 11.91
Sociology
Rank: -
When a school's graduation rate falls in the bottom 25% in the country, we do not display an economic ranking.
Economic score: 12.85
Psychology
Rank: -
When a school's graduation rate falls in the bottom 25% in the country, we do not display an economic ranking.
Economic score: 17.83
Fine & Studio Arts
Rank: -
When a school's graduation rate falls in the bottom 25% in the country, we do not display an economic ranking.
Economic score: 24.79
EarningPlus compares the three-year post graduate earnings to the median earnings of the same graduating class, with the same graduate degree. These 2 metrics, debt-to-earnings and EarningsPlus, are combined into an economic score. The lower the economic score the better.
The most popular 1 graduate programs at Millikin University - Business Administration - are shown below.
The average full-time graduate completes their degree in 4.2 years. 63% of all students graduate within 8 years including part-time students. The graduation rate at Millikin University is 1% lower than the state average, and 15% above the average for all regional colleges in the country.
At Millikin University, Pell Grant recipients represent 34% of the measured graduating class, 1% lower than the national average of 35%. The average Pell Grant recipient at Millikin University graduates within 4.4 years.
Millikin University is in the top 50% of schools for graduating Pell recipients.
We calculate this performance by adjusting the graduation rate of Pell students by their percentage of the student body. This adjustment is made to prevent schools with large numbers of Pell students from underperforming in comparison to schools with few Pell students but high graduation rates.
Millikin University’s economic mobility score of 17.93 is calculated by adjusting the 3.49 economic score of lower-income students by the 34% pell grant recipients within the student body. Millikin University’s EMS of 17.93 ranks in the top 50% nationally.false
Economic Mobility
To calculate economic mobility of low-income (household earnings below $30,000) students, we adjust each institution’s economic score by their percentage of Pell Grant students. The logic of this Pell-adjusted calculation is derived from Third Way’s Economic Mobility Index (EMI).
Top 50%
The average Title IV recipient at Millikin University pays $19,135 a year, $35,767 less than the $54,902 advertised. See below the cost breakdown for students who receive Title IV grants, broken down by income level.
Average net price
The average net price shown by income level for all students that receive Title IV aid. Calculated by deducting the average grant and scholarship aid from tuition, fees, books, and room and board. Limited to first-time, full-time students. Public institution figures are calculated using in-state tuition figures.
Median net price $19,135
Much of the gap between net price and sticker price is filled by institutional and government grants. At Millikin University, 100% of students receive some grants and scholarships, compared to the national average of 87% for all colleges and universities. The average amount of federal, state, and institutional grants that students receive is shown on the right.
This leaves a total of $19,135 on average to be covered by the student – be it through loans or out of pocket. In total, 68% of students take out loans, federal or private, at an average amount of $7,069. This is 14% more than the national average.
Federal grants
$5,640
Pell grants
$4,907
State grants
$5,091
Institutional grants
$28,476
Millikin University offers 1 hybrid bachelor program. We use the IPEDS July '20 — July '21 Distance Education report to determine which programs are online. EarningsPlus data is provided when available.
Online programs
1
Hybrid programs
1
Percentage of programs online
2%
Millikin University's moderately inclusive admissions are indicated by their 75% acceptance rate. In 2021, the school had 3,049 applicants, of which 2,281 were admitted and 409 enrolled. Millikin University has a rolling admissions policy, which means applications are reviewed as they arrive until all spaces are filled.
Full time
96%
83%
Female
54%
59%
First time
70%
59%
In-state
68%
68%
1st generation
32%
35%
White
69%
52%
Black
13%
14%
Hispanic
4%
15%
Asian
2%
5%
American Indian
N/A
1.6%
Pacific Islander
N/A
0.3%
Other
12%
12%