CollegeTuitionData — College Data in Plain English

Millikin University

Decatur, IL 62522-2084 — Private Nonprofit

Value Score: 65/100 | ROI Score: -52 | Affordability Score: 55/100

Tuition (In-State): $26,892 | Out-of-State: $26,892

Acceptance Rate: 66.7% | Graduation Rate: 57.0% | Retention Rate: 75.0%

Median Earnings (10yr): $51,262 | Median Debt: $27,000

SAT Average: 1034 | ACT Midpoint: 23

Student Body Size: 1,382 (small)

Pell Grant Recipients: 37.6% | Federal Loan Rate: 55.8%

Average Faculty Salary: $6,557/month

Tuition & Affordability Analysis

In-state tuition at Millikin University is $26,892 per year, which is 32% below the national average for private institutions.

Out-of-state students pay $26,892/year — a premium of $0 over in-state rates. Over four years, out-of-state students pay approximately $0 more than their in-state peers.

Estimated four-year tuition cost: $107,568 (tuition only, not including room, board, and fees).

What You Actually Pay: Net Price by Family Income

The sticker price rarely reflects what families actually pay. After grants and scholarships, here is the average net price by family income bracket at Millikin University:

  • Families earning $0–$30,000: $18,659/year
  • Families earning $30,001–$48,000: $15,629/year
  • Families earning $48,001–$75,000: $23,053/year
  • Families earning $75,001–$110,000: $24,622/year
  • Families earning $110,000+: $27,524/year

Low-income families receive an average discount of $8,233/year, paying just 69% of the sticker price.

Admissions Snapshot

Millikin University has an acceptance rate of 66.7%, placing it in the Moderately Selective (50–70%) category. This means roughly 518 students apply each year.

The average SAT score of admitted students is 1034, near the national average. This is within the mid-range nationally.

The ACT midpoint is 23, 10% above the national average.

Graduate Outcomes & Return on Investment

57.0% of students at Millikin University complete their degree, 8% below the national average. This is below average — prospective students should investigate support services and retention programs.

First-year retention rate: 75.0% (7% below the national average). This indicates most students are satisfied enough to return for sophomore year.

Graduates of Millikin University earn a median salary of $51,262 ten years after enrollment, 25% above the national average. This represents a $16,262/year earnings premium over the average high school diploma holder, or $487,860 in additional lifetime earnings over a 30-year career.

The median student debt at graduation is $27,000, 26% above the national average. On a standard 10-year repayment plan at 5.5% interest, this translates to approximately $293/month, with a total repayment of $35,160 (including $8,160 in interest).

Debt-to-Earnings Ratio: 0.53x. This is a healthy ratio, suggesting debt is manageable for most graduates.

Breakeven Point: Based on the earnings premium over high school graduates, a degree from Millikin University pays for itself in approximately 7 years. This is a reasonable investment timeline.

Financial Aid Profile

37.6% of students at Millikin University receive Pell Grants (federal need-based aid for families earning under ~$60,000), 14% above the national average. This is near the national average, reflecting a typical economic diversity among the student body.

55.8% of students take federal loans, 19% above the national average. This is a moderate borrowing rate.

Average faculty salary: $6,557/month, 25% below the national average. Higher faculty salaries generally indicate greater investment in teaching quality and ability to attract experienced professors.

Student Body & Campus Diversity

Millikin University enrolls 1,382 undergraduate students. This mid-sized institution offers a balance between personalized attention and diverse academic offerings.

Diversity Index: 52/100 (higher = more diverse). The campus has moderate diversity.

Student body composition: White 67%, Hispanic 4%, Black 18%, Asian 2%.

Millikin University: A Strong Liberal Arts Education with Career Focus

Report Card: Overall Grade C-

Millikin University receives an overall grade of C- based on six dimensions:

  • Academics: C-
  • Value: F
  • Outcomes: C+
  • Affordability: B+

College Analysis

Millikin University is a Private Nonprofit institution in Decatur, IL with approximately 1,382 students. Academics: Millikin University offers a strong liberal arts education with a focus on career readiness. Value: The university's tuition is relatively high, but the median earnings after 10 years are above average. Outcomes: Graduates have a decent job placement rate, but the graduation rate is below average.

The Verdict: Is Millikin University Worth It?

Millikin University's value proposition is questionable, especially when considering its median 10-year earnings of $51,262 against an in-state tuition of $26,892 per year. This results in a significant ROI score of -52, indicating that, on average, graduates earn less than the cost of their education over a decade. With a median debt of $27,000, the payoff timeline is extended. If a student takes out the median debt and earns the median salary, it would take approximately 10-12 years to pay off the debt, assuming no interest and no living expenses, which is unrealistic. The cost of attendance for four years, even without considering living expenses, would approach $108,000, far exceeding the median 10-year earnings. While the university's Performance Learning model and career services aim to boost outcomes, the raw financial data suggests that a degree from Millikin may not be a financially sound investment for many students, particularly when compared to more affordable public institutions or universities with demonstrably higher earning potentials. It is not a hidden gem; it appears to be overpriced for the average financial return.

Return on Investment

While the degree from Millikin University is valuable, the high tuition costs may not provide a strong return on investment.

Debt Reality Check

Median student debt at Millikin University: $27,000. Monthly payment on a standard 10-year plan: $307/month. Total repaid: $36,840 ($9,840 in interest).

Breakeven vs high school diploma: 1.3 years. Debt burden: Manageable. Salary needed for comfortable repayment: $36,840.

Strengths

  • Strong liberal arts education with a career focus
  • Moderately selective admission process
  • Above-average median earnings after 10 years

Weaknesses

  • Below-average graduation rate
  • High tuition costs
  • Limited job opportunities in the local area

Academic Profile

SAT Average: 1034. ACT Midpoint: 23. Retention Rate: 75.0%.

Millikin University's academic identity is strongly defined by its Performance Learning initiative, a commitment to experiential education that permeates all disciplines. This approach ensures that students are not just learning theory but actively applying it through internships, research, community projects, and creative endeavors. This hands-on philosophy is particularly evident in programs like the School of Business, which boasts strong connections with local and regional businesses for internships, and the School of Music and Theatre, renowned for its performance-focused curriculum and impressive alumni network. The College of Arts and Sciences offers a broad range of majors, with notable strengths in areas like nursing, biology, and psychology, all benefiting from the Performance Learning model.

Research opportunities are readily available, often integrated into coursework or offered through faculty-mentored projects, allowing undergraduates to contribute to scholarly work. While specific faculty salary data isn't publicly available, the university emphasizes a student-faculty ratio that facilitates close interaction, suggesting faculty are accessible and invested in student success. The Honors Program provides a challenging academic path for high-achieving students, offering enriched coursework and opportunities for independent study. Millikin also encourages global perspectives through study abroad programs, allowing students to gain international experience. Academic support is robust, with resources like the Center for Academic and Professional Development offering tutoring, writing assistance, and career counseling, ensuring students have the resources to thrive in their chosen fields.

Financial Aid Guide for Millikin University

Pell Grant recipients: 37.6%. Students taking federal loans: 55.8%.

Millikin University aims to make its distinctive Performance Learning experience accessible through a combination of merit-based and need-based financial aid. For the incoming class, a significant portion of students receive some form of financial assistance. Merit scholarships are a cornerstone of their aid strategy, awarded automatically based on academic achievement (GPA and standardized test scores, though these are not currently a primary focus for admission). These scholarships can range from a few thousand dollars to covering a substantial portion of tuition, with top awards reaching up to $25,000 or more annually for exceptional candidates.

Need-based aid is also crucial. After exhausting merit scholarship potential, students are encouraged to complete the FAFSA (Free Application for Federal Student Aid) to determine their eligibility for federal grants (like the Pell Grant, if applicable), state grants, and institutional need-based grants. Work-study opportunities are often offered as part of the financial aid package, providing students with on-campus employment to help cover living expenses. Typical aid packages for students from middle-income families might combine a merit scholarship of $15,000-$20,000 with $5,000-$10,000 in need-based grants and potentially federal loans. For lower-income families, the need-based component will be larger, potentially covering a greater percentage of costs.

Scholarship tips include applying early, as many institutional scholarships have rolling deadlines or are awarded on a first-come, first-served basis. Millikin also offers specific scholarships for students in certain majors, those with leadership experience, or from specific backgrounds, so thoroughly exploring their scholarship portal is essential. Negotiating financial aid at Millikin is possible, particularly if you have a competing offer from a similarly ranked institution or if there has been a significant change in your family's financial circumstances. It's best to approach the financial aid office with documentation and a clear, respectful request.

Hidden Costs at Millikin University

  • Student Activity Fee: A mandatory fee of approximately $150-$200 per semester supports student organizations, events, and campus programming.
  • Technology Fee: Expect an annual technology fee ranging from $100-$150 to support campus IT infrastructure and resources.
  • Textbooks and Supplies: Depending on your major and course load, budget an average of $1,000-$1,500 per academic year for books and necessary supplies.
  • Meal Plan: While tuition covers some costs, a full meal plan can add $3,000-$4,500 annually, depending on the chosen tier.
  • Housing: On-campus housing costs vary by room type, but budget an average of $5,000-$7,000 per academic year for a standard double room.
  • Transportation: If you don't plan to bring a car, factor in costs for local transportation or occasional trips home, potentially $500-$1,000 annually.
  • Personal Expenses: Allow for miscellaneous costs like laundry, toiletries, entertainment, and snacks, which can easily add up to $1,000-$2,000 per year.

Alumni Outcomes & Career Paths

Millikin University's alumni network, while not as expansive as larger institutions, shows a concentration in specific industries and regional employers. Graduates often find opportunities within Illinois, particularly in the Decatur area and extending to the greater Chicago metropolitan region. Key sectors that recruit Millikin graduates include healthcare, education, business, and manufacturing. Major employers in the vicinity that have historically hired Millikin alumni include HSHS St. Mary's Hospital, Caterpillar (a significant presence in Decatur), ADM (Archer Daniels Midland), and various school districts in central Illinois. For those pursuing advanced studies, Millikin reports strong graduate school placement rates, particularly in fields like nursing, education, and business, with alumni attending institutions such as the University of Illinois College of Medicine, Southern Illinois University School of Medicine, and various MBA programs. The university emphasizes experiential learning through its 'Performance Learning' model, which aims to provide robust internship and co-op opportunities. While specific internship pipelines are often tied to faculty connections and regional partnerships, students in business programs might intern at local banks or marketing firms, while science majors could find placements at research facilities or healthcare providers. Career services at Millikin are designed to support students from freshman year through post-graduation, offering resume workshops, interview coaching, and networking events. Notable alumni include figures like actor and comedian Richard Deacon and former NFL player and coach Mike Singletary, showcasing a diverse range of career paths. Geographic hiring patterns show a tendency for graduates to remain within a 200-mile radius of Decatur, leveraging local connections and the university's established relationships with regional businesses.

Campus Life & Culture at Millikin University

Millikin University attracts a student body primarily from Illinois, with a growing representation from surrounding Midwestern states and a small but notable international contingent. Students who thrive here are typically proactive, collaborative, and eager to apply their learning in practical ways, aligning well with the university's Performance Learning ethos.

Millikin University, nestled in Decatur, IL, offers a close-knit campus community where students often describe the vibe as friendly and engaged. With an undergraduate population of around 1,300, it's large enough to offer diverse opportunities but small enough to foster genuine connections. The university is organized around its Performance Learning initiative, meaning students are actively involved in hands-on projects, internships, and community engagement from day one, which significantly shapes the social fabric. You'll find students collaborating on projects, rehearsing for performances, or volunteering in Decatur.

Student organizations are a vibrant part of life, covering a wide range of interests from academic clubs like the Pre-Med Society and the Engineering Club to cultural groups and recreational pursuits. The Student Activities Board (SAB) is a key player in organizing campus events, from concerts and movie nights to themed weekends. Athletics are also a significant draw, with the Big Blue competing in the NCAA Division III. While not a powerhouse, sports foster school spirit and provide a strong sense of camaraderie.

Greek life is present and active, with several fraternities and sororities contributing to the social scene and offering leadership opportunities. Housing options include traditional residence halls like Aston Hall and Thompson Hall, with newer apartment-style living available for upperclassmen. Many students choose to live off-campus in the surrounding neighborhoods as they progress through their studies. Dining services are centered around the University Commons, offering a variety of stations to meet different tastes. The overall atmosphere is one of purposeful engagement, where academic pursuits are intertwined with social and extracurricular involvement, creating a supportive environment for students to explore their passions.

Campus Highlights

  • Performance Learning: The university's signature initiative, ensuring every student engages in hands-on, real-world experiences.
  • The Center for International Education: Facilitates study abroad opportunities, enriching students' global perspectives.
  • The Albert T. Shaffer Library: A central hub for academic resources and quiet study.
  • The Kirkland Fine Arts Center: A premier venue hosting professional performances and student productions.
  • Strong Alumni Network: Particularly in fields like business, music, and theatre, providing valuable connections.
  • Community Engagement: A deep-rooted connection with the city of Decatur, offering numerous volunteer and internship opportunities.
  • The Big Blue Athletic Teams: Fostering school spirit and providing opportunities for student-athletes.

Location & Regional Advantages

Millikin University's location in Decatur, Illinois, presents a mixed bag of geographic advantages and challenges. Decatur itself is a mid-sized city with a significant industrial base, notably dominated by Caterpillar and ADM, which can provide local internship and employment opportunities for students in relevant fields like engineering, business, and agriculture. The cost of living in Decatur is considerably lower than in major metropolitan areas, making it an attractive place to live and potentially start a career without the high expenses associated with larger cities. However, Decatur is not a major industry hub for many rapidly growing sectors like technology or finance, meaning graduates seeking careers in these fields may need to relocate. The closest major industry hub is Chicago, approximately a 3-hour drive away, offering a much broader range of career opportunities but also a significantly higher cost of living and a more competitive job market. Quality of life in Decatur is typical of a Midwestern city, with a focus on community and family-friendly activities. Weather includes four distinct seasons, with cold winters and warm summers. Safety is generally comparable to other cities of its size. The primary geographic advantage for Millikin is its strong ties to the regional economy, particularly in manufacturing and healthcare, which can translate into direct job placements for graduates willing to stay in the area. The disadvantage is the limited exposure to diverse, high-growth industries within close proximity, potentially requiring relocation for broader career advancement.

How to Get Into Millikin University

Millikin University employs a holistic review process, meaning they consider a range of factors beyond just GPA and test scores to build a diverse and engaged student body. While specific GPA and test score ranges aren't heavily emphasized publicly, successful applicants typically demonstrate strong academic performance in high school, often with a GPA in the B+ to A- range. Given the 66.7% admission rate, demonstrating a genuine interest in Millikin's Performance Learning model is crucial.

Your application essay is a prime opportunity to showcase how you align with this philosophy. Instead of generic topics, focus on experiences where you took initiative, led a project, solved a problem, or engaged deeply in an extracurricular activity. Highlight how you've 'performed' your learning. Demonstrated interest is important; this can be shown through campus visits (virtual or in-person), attending information sessions, engaging with admissions counselors, and following Millikin on social media.

Early Action (EA) is a good option if Millikin is a top choice and you want to receive your admission decision earlier, but it's non-binding. Early Decision (ED) is not offered. The admissions committee looks for students who are not only academically capable but also possess the curiosity, drive, and collaborative spirit that thrives in Millikin's environment. The ideal timeline is to have your application completed by the priority deadline (often in February) to maximize scholarship consideration, though regular decision deadlines are typically in the spring.

How Millikin University Compares to Similar Schools

Similar schools: Illinois Wesleyan University, Augustana College, Knox College, Monmouth College

Advantages

  • Stronger emphasis on Performance Learning and hands-on experience integrated into the curriculum.
  • Potentially more direct ties to specific regional industries like manufacturing (Caterpillar) and healthcare in Decatur.
  • Smaller class sizes and more personalized attention compared to larger universities.

Disadvantages

  • Lower median graduate earnings compared to some peers.
  • Less national recognition and alumni network reach than more established liberal arts colleges.
  • Higher sticker price relative to the average financial outcomes.

Best For

  • Prospective students interested in a small, career-focused liberal arts education.
  • Students seeking a strong foundation in practical skills and career readiness.

Avoid If

  • Students looking for a lower-cost alternative may want to consider other options.
  • Those seeking a larger campus with more diverse extracurricular activities might find other institutions more appealing.

Frequently Asked Questions about Millikin University

How much does it cost to attend Millikin University?

In-state tuition at Millikin University is $26,892 per year, and out-of-state tuition is $26,892 per year. The median student debt at graduation is $27,000.

What is the acceptance rate at Millikin University?

Millikin University has an acceptance rate of 66.7%.

What is the graduation rate at Millikin University?

Millikin University has a graduation rate of 57.0%.

How much do Millikin University graduates earn?

The median earnings for Millikin University graduates 10 years after enrollment is $51,262. With median debt of $27,000, graduates earn roughly 1.9x their debt level annually.

How big is Millikin University?

Millikin University has approximately 1,382 students and is classified as a small institution. It is located in Decatur, IL and is a Private Nonprofit institution.

Is Millikin University worth the cost?

Millikin University has an ROI score of -52 out of 100. With in-state tuition of $26,892 per year and median post-graduation earnings of $51,262, the data suggests the return on investment may be below average.

Where is Millikin University located?

Millikin University is located in Decatur, IL. It is a Private Nonprofit institution with approximately 1,382 students.

How much student debt do Millikin University graduates have?

The median student debt for Millikin University graduates is $27,000. With median earnings of $51,262 ten years after enrollment, graduates can expect a debt-to-income ratio of 53%.

Is Millikin University a good college?

Millikin University has a graduation rate of 57.0% and median post-graduation earnings of $51,262. 66.93% of students are white, with a small percentage of Asian students.

How does Millikin University compare to similar colleges?

The admission rate is 66.68%, indicating a moderately selective institution. Compared to peer institutions, Millikin University offers a strong liberal arts education with a focus on career readiness, but its tuition is relatively high.

What career prospects do Millikin University graduates have?

Graduates of Millikin University are well-prepared for careers in various fields, with a strong emphasis on practical skills.

What should prospective students know about Millikin University?

Millikin University is positioned in a small city, which may limit job opportunities but provides a strong educational foundation.

What makes Millikin University stand out?

Median debt upon graduation is $27,000, which is average for private institutions.

What are the pros and cons of attending Millikin University?

The university is located in Decatur, Illinois, a city with a population of about 40,000.

Explore More

Colleges in Illinois

Browse all colleges in Illinois

Similar Schools

College Rankings

Research Tools

H-1B Visa Salary Data

Visit Millikin University official website

View on College Scorecard (Dept. of Education)

Analysis based on U.S. Department of Education data. Not enrollment advice. Verify information with the institution directly.