Millsaps College
Jackson, MS 39210 — Private Nonprofit
Value Score: 70/100 | ROI Score: -70 | Affordability Score: 35/100
Tuition (In-State): $44,680 | Out-of-State: $44,680
Acceptance Rate: 43.1% | Graduation Rate: 56.3% | Retention Rate: 58.0%
Median Earnings (10yr): $53,848 | Median Debt: $27,000
SAT Average: 1181 | ACT Midpoint: 25
Student Body Size: 549 (small)
Pell Grant Recipients: 36.9% | Federal Loan Rate: 59.1%
Average Faculty Salary: $8,256/month
Tuition & Affordability Analysis
In-state tuition at Millsaps College is $44,680 per year, which is 13% above the national average for private institutions.
Out-of-state students pay $44,680/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: $178,720 (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 Millsaps College:
- Families earning $0–$30,000: $24,215/year
- Families earning $30,001–$48,000: $23,719/year
- Families earning $48,001–$75,000: $23,062/year
- Families earning $75,001–$110,000: $27,049/year
- Families earning $110,000+: $30,945/year
Low-income families receive an average discount of $20,465/year, paying just 54% of the sticker price.
Admissions Snapshot
Millsaps College has an acceptance rate of 43.1%, placing it in the Selective (35–50%) category. This means roughly 318 students apply each year.
The average SAT score of admitted students is 1181, 11% above the national average. This is within the mid-range nationally.
The ACT midpoint is 25, 19% above the national average.
Graduate Outcomes & Return on Investment
56.3% of students at Millsaps College complete their degree, 9% below the national average. This is below average — prospective students should investigate support services and retention programs.
First-year retention rate: 58.0% (28% below the national average). A retention rate below 75% suggests some students struggle with fit, academics, or affordability.
Graduates of Millsaps College earn a median salary of $53,848 ten years after enrollment, 32% above the national average. This represents a $18,848/year earnings premium over the average high school diploma holder, or $565,440 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: 0.50x. This is an excellent ratio — graduates carry manageable debt relative to their earning power.
Breakeven Point: Based on the earnings premium over high school graduates, a degree from Millsaps College pays for itself in approximately 10 years. This is a reasonable investment timeline.
Financial Aid Profile
36.9% of students at Millsaps College receive Pell Grants (federal need-based aid for families earning under ~$60,000), 12% above the national average. This is near the national average, reflecting a typical economic diversity among the student body.
59.1% of students take federal loans, 26% above the national average. This is a moderate borrowing rate.
Average faculty salary: $8,256/month, 5% below the national average. Higher faculty salaries generally indicate greater investment in teaching quality and ability to attract experienced professors.
Student Body & Campus Diversity
Millsaps College enrolls 549 undergraduate students. As a small institution, students can expect smaller class sizes, closer faculty relationships, and a tight-knit campus community.
Diversity Index: 60/100 (higher = more diverse). The campus has moderate diversity.
Student body composition: White 58%, Hispanic 6%, Black 23%, Asian 3%.
Millsaps College: A Small Private Institution with Strong Academic and Career Outcomes
- Millsaps College: Is the Personalized Education Worth the Price Tag?
- Beyond the Bayou: How Millsaps Graduates Navigate Careers in the South and Beyond
- The Millsaps Experience: Small Campus, Big Opportunities in Mississippi's Capital
Report Card: Overall Grade D+
Millsaps College receives an overall grade of D+ based on six dimensions:
- Academics: C
- Value: F
- Outcomes: C+
- Affordability: C+
College Analysis
Millsaps College is a Private Nonprofit institution in Jackson, MS with approximately 549 students. Academics: Millsaps College offers a strong liberal arts education with a low student-to-faculty ratio, fostering a close-knit academic community. Value: The college's tuition is high, but the median earnings after 10 years are above the national average, suggesting a good return on investment. Outcomes: Graduates have a 56.33% graduation rate and a median earnings of $53,848 after 10 years, indicating decent career readiness.
The Verdict: Is Millsaps College Worth It?
Based on the data, Millsaps College presents a challenging value proposition for the average student. With an annual tuition of $44,680, a median debt of $27,000, and median 10-year earnings of $53,848, the ROI Score of -70 is a stark indicator that this institution is, for many, overpriced. The sticker price is substantial, and while a liberal arts education offers intangible benefits, the financial return on investment appears to be significantly negative for a typical graduate. To put it in perspective, a student graduating with the median debt of $27,000 and earning the median salary of $53,848 would face a considerable challenge in debt repayment, especially when considering living expenses. Assuming a standard 10-year repayment plan at a typical interest rate, a significant portion of their early career earnings would be dedicated to student loan payments. Without substantial financial aid or a clear path to a high-earning career immediately post-graduation, the cost-to-earnings ratio is unfavorable. While Millsaps offers a personalized, high-quality education, the financial burden for many will outweigh the monetary benefits. It is not a hidden gem in terms of financial value; rather, it's an expensive private college with a lower-than-average graduation rate for its price point. For students who receive significant merit scholarships or need-based aid that drastically reduces the net cost, it *could* be a reasonable investment. However, for those paying near sticker price, it is difficult to recommend as a financially sound decision.
Return on Investment
While the degree from Millsaps College is valuable, the high tuition costs may not provide a strong return on investment for all students.
Debt Reality Check
Median student debt at Millsaps College: $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: 1.1 years. Debt burden: Manageable. Salary needed for comfortable repayment: $36,840.
Strengths
- Strong academic programs and close-knit community
- Above-average earnings and career readiness
- High-quality faculty and resources
Weaknesses
- High tuition costs
- Graduation rate slightly below national average
- Limited diversity in student body
Academic Profile
SAT Average: 1181. ACT Midpoint: 25. Retention Rate: 58.0%.
Academically, Millsaps College offers a rigorous liberal arts education designed to cultivate critical thinking, communication, and problem-solving skills. The small student body ensures an exceptional student-faculty ratio, typically around 9:1, meaning personalized attention and mentorship are not just promised, but delivered. Professors are highly accessible, often knowing students by name and fostering an environment where intellectual curiosity is paramount. While Millsaps excels across the humanities, social sciences, and natural sciences, several programs stand out. The Else School of Management is particularly strong, offering undergraduate degrees in Accounting, Business Administration, and Economics, with a practical, real-world focus that prepares students for immediate career success or graduate studies. Pre-professional tracks, especially Pre-Med and Pre-Law, are highly regarded, benefiting from dedicated advising and strong placement rates into professional schools. The Biology and Chemistry departments are robust, providing ample opportunities for hands-on lab work and undergraduate research. Students can engage in faculty-led research projects as early as their first year, often presenting at regional and national conferences, a significant advantage for graduate school applications. The Honors Program offers an enriched curriculum for high-achieving students, including specialized seminars and a senior thesis project. Study abroad is strongly encouraged, with Millsaps offering a variety of programs in locations like London, Paris, and Costa Rica, often integrated seamlessly into degree plans. Academic support is comprehensive, including a Writing Center, Quantitative Reasoning Center, peer tutoring, and dedicated academic advisors who guide students from course selection to career planning. The emphasis here is on a challenging yet supportive environment where students are pushed to excel and given the resources to succeed.
Financial Aid Guide for Millsaps College
Pell Grant recipients: 36.9%. Students taking federal loans: 59.1%.
Navigating financial aid at Millsaps College, with its $44,680 tuition, requires a strategic approach, but significant assistance is available. Millsaps is committed to making its education accessible, and a substantial portion of students receive some form of financial aid. Merit-based scholarships are a cornerstone of their aid strategy, designed to attract high-achieving students. These scholarships can range from $15,000 to $30,000+ annually for students with strong academic profiles (e.g., a 3.5+ GPA and competitive test scores, if submitted). The most prestigious awards, like the Presidential Scholarship, can cover a significant portion of tuition. Need-based aid is also available, determined by the FAFSA and, for some, the CSS Profile. While the Pell Grant rate is N/A, eligible students will receive federal grants. A typical aid package for a student with demonstrated need and strong academics might combine a merit scholarship (e.g., $20,000), a federal Pell Grant (up to $7,395), a state grant (if applicable, e.g., Mississippi Tuition Assistance Grant), and federal student loans (e.g., $5,500 for a first-year student). Work-study opportunities are also offered, allowing students to earn money for educational expenses through on-campus jobs. To maximize your aid, apply early for admission and financial aid, ensuring all FAFSA and any institutional forms are submitted by the priority deadlines. For students with compelling offers from comparable institutions, negotiating aid is often a realistic possibility. Millsaps is generally open to reviewing aid packages, especially if you can demonstrate a significant gap between their offer and what a peer institution has provided. Don't hesitate to reach out to the financial aid office with specific questions or to discuss your family's unique circumstances.
Hidden Costs at Millsaps College
- Beyond tuition, expect to pay approximately $12,000 - $14,000 annually for on-campus housing, depending on the dorm and room type.
- A mandatory meal plan for residential students typically costs around $5,500 - $6,000 per year, covering most on-campus dining needs.
- Budget $1,000 - $1,500 per year for textbooks and course materials, though digital resources can sometimes reduce this.
- Mandatory fees, including technology, activity, and health service fees, can add an additional $1,000 - $1,500 to your annual bill.
- Personal expenses, covering laundry, toiletries, entertainment, and incidentals, should be estimated at $1,500 - $2,000 per year.
- Transportation costs, including travel home for breaks and local excursions, could range from $500 - $2,000 annually depending on distance and frequency.
- Health insurance, if not covered by a family plan, will require an additional $2,000 - $3,000 per year for the college's student health insurance plan.
Alumni Outcomes & Career Paths
Millsaps College, a small liberal arts institution, cultivates graduates who pursue diverse paths, often leveraging their critical thinking and communication skills in professional and academic settings. While specific employer data can vary year-to-year, Millsaps alumni frequently find positions within Mississippi and the broader Southern region, particularly in sectors that value a well-rounded education. Major employers that recruit from or employ Millsaps graduates include prominent healthcare systems like Mississippi Baptist Medical Center and St. Dominic Hospital, various state government agencies within the Mississippi State Capitol complex, and financial institutions such as Trustmark Bank and Regions Bank. The education sector is another significant destination, with alumni teaching in public and private schools across the state, or working in higher education administration.
Industries where Millsaps alumni cluster include healthcare administration, K-12 education, state and local government, financial services, law, and non-profit organizations. Given its strong pre-professional advising, Millsaps boasts a commendable graduate school placement rate, with many students matriculating into law schools (e.g., Mississippi College School of Law, University of Mississippi School of Law), medical schools (e.g., University of Mississippi Medical Center), and various master's and Ph.D. programs across the country. Notable alumni, such as Pulitzer Prize-winning author Eudora Welty and civil rights activist Myrlie Evers-Williams, underscore the college's legacy of producing impactful individuals.
The Career Services office at Millsaps provides personalized attention, a hallmark of small colleges. They offer resume and cover letter workshops, interview preparation, career counseling, and host career fairs connecting students with local and regional employers. Internship pipelines are robust, particularly with organizations in Jackson, including legislative offices, legal firms, marketing agencies, and healthcare providers, offering valuable real-world experience. Geographically, while a significant portion of graduates remain in Mississippi, many also relocate to nearby metropolitan areas like New Orleans, Memphis, Atlanta, and Dallas, or pursue opportunities nationally after graduate studies.
Campus Life & Culture at Millsaps College
Millsaps College attracts a diverse student body, though a significant portion hails from Mississippi and surrounding Southern states, creating a distinct regional flavor. Students here are typically intellectually curious, value close relationships with faculty, and are eager to engage deeply in both academic and extracurricular pursuits. The ideal Millsaps student thrives in a small, supportive environment, appreciates a liberal arts foundation, and is ready to take advantage of the unique opportunities that come with being in a capital city.
Life at Millsaps College is defined by its intimate scale and a vibrant, engaged community, truly embodying the 'small school, big opportunities' ethos. With just over 500 students, you'll quickly recognize faces and build strong connections with peers and professors alike. The general vibe is one of intellectual curiosity mixed with Southern hospitality and a strong sense of collective identity. Most first and second-year students live on campus, fostering a close-knit residential experience. Housing options range from traditional dorms like Ezelle Hall and New South to apartment-style living for upperclassmen, all contributing to a lively campus pulse. Dining is centered around the Reuben and Elizabeth S. Johnson Dining Hall, offering standard college fare with various stations, and there are smaller grab-and-go options like the Bowlwich for quick bites. The social scene, while not overwhelming, is active and student-driven. Greek life plays a significant role, with roughly 30-40% of students participating in fraternities and sororities, hosting social events, philanthropic initiatives, and leadership opportunities. Beyond Greek life, over 60 student organizations cater to diverse interests, from academic clubs and service groups to performing arts and cultural associations. Athletics are a big part of the spirit, with the Millsaps Majors competing in NCAA Division III as part of the Southern Athletic Association (SAA). Game days, especially for football and basketball, draw a good crowd and foster campus pride. Unique traditions like 'Major Madness,' where students publicly declare their majors, and the annual 'Pumpkin Patch' festival in the fall, create memorable shared experiences. The campus itself is a beautiful, historic oasis in the heart of Jackson, MS, with 'The Bowl' serving as a central green space for relaxation and impromptu gatherings. While the campus provides a strong bubble, its location offers easy access to Jackson's cultural attractions, dining, and internship opportunities, providing a balanced college experience.
Campus Highlights
- The Else School of Management, offering a top-tier business education within a liberal arts framework.
- A truly intimate, close-knit community with a 9:1 student-faculty ratio, ensuring personalized mentorship.
- The beautiful, historic campus, often described as an 'urban oasis' in the heart of Mississippi's capital city, Jackson.
- Robust undergraduate research opportunities across disciplines, allowing students to engage in scholarly work early on.
- Strong pre-professional advising for fields like medicine and law, with excellent placement rates into graduate programs.
- Unique campus traditions like 'Major Madness' and the 'Pumpkin Patch' that foster a strong sense of community and fun.
- NCAA Division III athletics, providing a spirited campus culture and opportunities for student-athletes.
Location & Regional Advantages
Millsaps College's location in Jackson, Mississippi, offers a unique set of geographic advantages and considerations for students. As the state capital, Jackson serves as Mississippi's primary economic and political hub, providing students with unparalleled access to state government agencies, legislative offices, and a concentration of legal and non-profit organizations for internships and post-graduation employment. The local job market is stable, anchored by healthcare (e.g., University of Mississippi Medical Center, Baptist Health Systems), education, and government sectors. While not a booming tech center, Jackson offers opportunities in business services, finance, and media.
The cost of living in Jackson is significantly lower than the national average, which can stretch a graduate's initial salary further, making it an attractive place to start a career. Proximity to industry hubs extends beyond Jackson itself, with major Southern cities like New Orleans (2.5 hours), Memphis (3 hours), and Birmingham (3 hours) within reasonable driving distance, offering additional career and cultural opportunities.
Quality of life in Jackson is characterized by Southern hospitality, a rich cultural scene including museums (Mississippi Civil Rights Museum, Mississippi Museum of Art), live music venues, and diverse culinary experiences. The weather features hot, humid summers and mild winters, appealing to those who prefer warmer climates. While urban areas like Jackson face safety challenges, the Millsaps campus itself is a contained, well-maintained environment with its own security. For career opportunities post-graduation, the strong local network and the college's established relationships within Mississippi's professional landscape are significant assets, particularly for students interested in public service, healthcare, or contributing to the state's development.
How to Get Into Millsaps College
Gaining admission to Millsaps College, with its 43.1% admission rate, requires a thoughtful and well-rounded application that showcases your academic potential and fit for a close-knit liberal arts community. While selective, Millsaps employs a holistic review process, meaning they look beyond just grades and test scores. For GPA, competitive applicants typically have a strong B average or higher (3.0+ on a 4.0 scale), demonstrating consistent academic performance in challenging courses. While specific SAT/ACT ranges are N/A, submitting strong scores (if you choose to, as Millsaps is test-optional) can certainly bolster your application. The admissions office highly values demonstrated interest; visiting campus, attending virtual events, or engaging with an admissions counselor can significantly strengthen your candidacy. Early Decision (ED) or Early Action (EA) applications are highly advantageous, signaling Millsaps as a top choice and often resulting in a higher acceptance rate. When it comes to essays, authenticity is key. Millsaps seeks students who can articulate why a liberal arts education, specifically at Millsaps, aligns with their goals. Strong essays often connect personal experiences to academic interests or demonstrate a genuine curiosity for learning. Leadership roles, community service, and extracurricular involvement are also important, as they indicate a student who will contribute actively to campus life. Aim to submit your application by the Early Action deadline in November to receive an earlier decision and potentially better scholarship consideration. For regular decision, the January deadline is the final push. Ensure your application tells a cohesive story about who you are and how you'll thrive in the Millsaps environment.
How Millsaps College Compares to Similar Schools
Similar schools: Rhodes College (Memphis, TN), Hendrix College (Conway, AR), Birmingham-Southern College (Birmingham, AL), Sewanee: The University of the South (Sewanee, TN), Spring Hill College (Mobile, AL)
Advantages
- Located in a state capital, offering unique access to government, legal, and healthcare internships and entry-level positions.
- Extremely small student body (549 students) ensures highly personalized attention and strong faculty-student relationships.
- Strong regional network within Mississippi for alumni connections and job placement, particularly in public service and healthcare.
- Lower cost of living in Jackson, MS, compared to cities where some peer institutions are located.
Disadvantages
- Significantly lower ROI score (-70) compared to many peers, indicating a less favorable financial return on investment.
- Lower graduation rate (56.3%) than many comparable private liberal arts colleges.
- Jackson, MS, while a capital city, may offer fewer diverse industry opportunities compared to larger metropolitan areas like Memphis or Atlanta.
Best For
- Prospective students should consider the high tuition costs and whether the benefits justify the expense.
- Students seeking a large campus or diverse range of extracurricular activities may find Millsaps less appealing.
Avoid If
- Students looking for a more affordable option or a larger campus with more diverse extracurricular activities may want to consider other institutions.
- Those seeking a more diverse student body with higher representation from certain racial groups might find better options.
Frequently Asked Questions about Millsaps College
How much does it cost to attend Millsaps College?
In-state tuition at Millsaps College is $44,680 per year, and out-of-state tuition is $44,680 per year. The median student debt at graduation is $27,000.
What is the acceptance rate at Millsaps College?
Millsaps College has an acceptance rate of 43.1%.
What is the graduation rate at Millsaps College?
Millsaps College has a graduation rate of 56.3%.
How much do Millsaps College graduates earn?
The median earnings for Millsaps College graduates 10 years after enrollment is $53,848. With median debt of $27,000, graduates earn roughly 2.0x their debt level annually.
How big is Millsaps College?
Millsaps College has approximately 549 students and is classified as a small institution. It is located in Jackson, MS and is a Private Nonprofit institution.
Is Millsaps College worth the cost?
Millsaps College has an ROI score of -70 out of 100. With in-state tuition of $44,680 per year and median post-graduation earnings of $53,848, the data suggests the return on investment may be below average.
Where is Millsaps College located?
Millsaps College is located in Jackson, MS. It is a Private Nonprofit institution with approximately 549 students.
How much student debt do Millsaps College graduates have?
The median student debt for Millsaps College graduates is $27,000. With median earnings of $53,848 ten years after enrollment, graduates can expect a debt-to-income ratio of 50%.
Is Millsaps College a good college?
Millsaps College has a graduation rate of 56.3% and median post-graduation earnings of $53,848. Low student-to-faculty ratio of 11:1
How does Millsaps College compare to similar colleges?
High tuition rates but above-average earnings Compared to peer institutions, Millsaps College offers a strong liberal arts education and decent career outcomes, but the high tuition may be a barrier for some students.
What career prospects do Millsaps College graduates have?
Graduates of Millsaps College are well-prepared for careers in a variety of fields, particularly those requiring strong analytical and communication skills.
What should prospective students know about Millsaps College?
Millsaps College is positioned as a high-end liberal arts institution in the South, attracting students willing to pay premium tuition for a quality education.
What makes Millsaps College stand out?
Graduation rate slightly below national average
What are the pros and cons of attending Millsaps College?
High percentage of students from underrepresented racial groups
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Similar Schools
- Rhodes College (Memphis, TN)
- Hendrix College (Conway, AR)
- Birmingham-Southern College (Birmingham, AL)
- Sewanee: The University of the South (Sewanee, TN)
- Spring Hill College (Mobile, AL)
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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.