At $8,837/yr net price, Millikin University graduates earn $51,262/yr within 10 years of enrollment, which is $17,262/yr above the median for high school graduates.
Cost vs. Outcomes
| Metric | Value |
|---|---|
| Average Net Price (per year) | $8,837 |
| Estimated 4-Year Cost | $35,348 |
| Median Earnings (10yr post-entry) | $51,262/yr |
| Earnings Premium vs. HS Diploma | +$17,262/yr |
| Estimated Break-Even | 2 years |
| Graduation Rate (6-year) | 59.1% |
| Median Debt at Graduation | $27,000 |
What You'll Actually Pay
Average net price by family income
| Family Income | Estimated Net Price |
|---|---|
| $0 - $30,000 | $2,842/yr |
| $30,001 - $48,000 | $5,247/yr |
| $48,001 - $75,000 | $7,953/yr |
| $75,001 - $110,000 | $11,190/yr |
| $110,001+ | $14,631/yr |
Earnings by Major
Top programs ranked by median earnings
| Program | Level | Median Earnings | Median Debt |
|---|---|---|---|
| Registered Nursing, Nursing Administration, Nursing Research and Clinical Nursing. | Master | $197,436 | |
| Business Administration, Management and Operations. | Master | $77,715 | $41,000 |
| Management Information Systems and Services. | Bachelor | $58,402 | |
| Registered Nursing, Nursing Administration, Nursing Research and Clinical Nursing. | Bachelor | $56,521 | $27,000 |
| Accounting and Related Services. | Bachelor | $52,607 | $26,926 |
| Marketing. | Bachelor | $50,439 | |
| Business Administration, Management and Operations. | Bachelor | $41,193 | $27,000 |
| Teacher Education and Professional Development, Specific Subject Areas. | Bachelor | $39,369 | $27,000 |
| Teacher Education and Professional Development, Specific Levels and Methods. | Bachelor | $34,908 | $25,446 |
| Communication and Media Studies. | Bachelor | $33,459 | $21,149 |
The Risk Factor
59.1% of students at Millikin University graduate within 6 years. More than half of students finish, but the dropout rate is a real factor in whether this investment pays off.
Analysis
Millikin's financial return is modest but reasonable given its low net price. You pay $8,837 a year on average, which is cheap for a private nonprofit, and median earnings ten years out sit just above $51,000. That gap between what you pay and what you earn is the whole case for this school. The median debt of $27,000 is manageable against those earnings, though it isn't small.
Your major matters a lot here. Management Information Systems, nursing, and accounting all clear the school-wide median and give you a clear path to paying down that debt. Nursing in particular pairs strong pay with the same $27,000 debt load, so the return holds up. Business Administration is the weak spot: you graduate carrying the full $27,000 in debt but earn only around $41,000, roughly $15,000 less than the MIS grads sitting one program away. If business is your plan, steer toward accounting or MIS over general management.
The real risk is completion. Only 59% of you graduate, and just 74% return after year one. If you borrow, take on debt, and leave without the degree, you get the cost with none of the payoff. That's the scenario to guard against.
The net price tiers reward lower-income families heavily. Under $30,000 in family income, you pay $2,842 a year. between $48,000 and $75,000, about $7,953. Above $110,000, the price jumps to $14,631, and the math gets tighter at the top. Millikin fits you if you qualify for the lower tiers and enroll in nursing, accounting, or MIS. If you're a full-pay family aiming at a general business degree, the return here is thin, and you should compare it against cheaper public options.
Frequently Asked Questions
Is Millikin University worth the cost?
Millikin University offers decent value with a low net price of $8,837 per year and moderate debt levels around $27,000. However, the 10-year median earnings of $51,262 and 59% graduation rate suggest mixed outcomes depending on your major.
What are the highest paying majors at Millikin University?
Nursing programs at Millikin University show strong returns, with some nursing specializations reaching median earnings of $197,436. Business and accounting majors typically earn $52,000-$78,000, while other programs may offer lower financial returns.
How much debt do Millikin University graduates have?
Millikin University graduates carry a median debt of $27,000, which is manageable compared to many private schools. The relatively low net price helps keep borrowing reasonable for most students.
Does Millikin University have good job prospects after graduation?
Job prospects vary significantly by program at Millikin University. Nursing graduates generally find strong employment opportunities, while the 59% graduation rate indicates that many students struggle to complete their degrees.