Cost Details
- In-State Tuition
- $26,892
- Out-of-State Tuition
- $43,670
- Average Net Price
- $8,837
- Students Receiving Financial Aid
- 34.7%
- Room & Board (On Campus)
- $13,330
- Room & Board (Off Campus)
- $12,710
- Books & Supplies
- $1,000
- Total Cost of Attendance
- $41,222
- Median Debt at Graduation
- $27,000
- Estimated Monthly Loan Payment
- $286/mo
- Loan Repayment Rate
- 64.2%
- Students Taking Federal Loans
- 60.9%
- Pell Grant Recipients
- 34.7%
Net Price by Family Income
Average annual net price after grants and scholarships. Source: U.S. Department of Education
| Family Income | Average Net Price |
|---|---|
| $0 – $30,000 | $2,842 |
| $30,001 – $48,000 | $5,247 |
| $48,001 – $75,000 | $7,953 |
| $75,001 – $110,000 | $11,190 |
| $110,001+ | $14,631 |
Cost Estimator
Cost Overview
Despite a sticker price exceeding $40,000, most Millikin families pay far less thanks to substantial aid packages. The average net price sits at just $8,837 annually, translating to roughly $35,000 over four years. Low-income families (under $30K) pay only $2,842 per year, while even upper-middle-class families ($75-110K income) face costs of $11,190 annually.
Students typically graduate with $27,000 in debt, resulting in monthly payments around $286. With median earnings hitting $40,104 in the first year after graduation, these payments represent a manageable portion of income. The university awards institutional grants averaging $30,528 to 28% of students. Small-town Decatur keeps living costs reasonable compared to urban campuses.
The best deal goes to talented performers from modest backgrounds. Millikin's well-known theater and music programs combined with generous need-based aid create opportunities that would cost triple at comparable arts schools.
Students typically graduate with $27,000 in debt, resulting in monthly payments around $286. With median earnings hitting $40,104 in the first year after graduation, these payments represent a manageable portion of income. The university awards institutional grants averaging $30,528 to 28% of students. Small-town Decatur keeps living costs reasonable compared to urban campuses.
The best deal goes to talented performers from modest backgrounds. Millikin's well-known theater and music programs combined with generous need-based aid create opportunities that would cost triple at comparable arts schools.
Official Net Price Calculator
Get a personalized cost estimate from Millikin University:
Visit Official Net Price CalculatorThis links to the school's federally-required net price calculator for a personalized estimate.