At $25,291/yr net price, Millsaps College graduates earn $53,848/yr within 10 years of enrollment, which is $19,848/yr above the median for high school graduates.
Cost vs. Outcomes
| Metric | Value |
|---|---|
| Average Net Price (per year) | $25,291 |
| Estimated 4-Year Cost | $101,164 |
| Median Earnings (10yr post-entry) | $53,848/yr |
| Earnings Premium vs. HS Diploma | +$19,848/yr |
| Estimated Break-Even | 5.1 years |
| Graduation Rate (6-year) | 55.5% |
| 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 | $20,651/yr |
| $30,001 - $48,000 | $20,231/yr |
| $48,001 - $75,000 | $26,671/yr |
| $75,001 - $110,000 | $26,007/yr |
| $110,001+ | $32,686/yr |
Earnings by Major
Top programs ranked by median earnings
| Program | Level | Median Earnings | Median Debt |
|---|---|---|---|
| Business Administration, Management and Operations. | Master | $61,516 | |
| Accounting and Related Services. | Master | $60,320 | |
| Business Administration, Management and Operations. | Bachelor | $33,993 | $27,000 |
| Psychology, General. | Bachelor | $29,685 |
The Risk Factor
55.5% of students at Millsaps College 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
Millsaps College leaves you with a mixed-to-weak financial picture. The median graduate earns $53,848 ten years out, which clears the typical debt load of $27,000, but the two undergraduate programs with reported data tell a harsher early story. Business Administration graduates start around $34,000, and Psychology graduates start under $30,000. That Psychology figure barely covers a single year's net price, and it sits below what many associate-degree fields pay.
Business is the safer bet here. It carries the same debt as the rest of campus but starts you closer to earning it back. Psychology at Millsaps is the riskier choice financially: you take on the full $27,000 debt but start lower, so your payoff timeline stretches longer. The Jackson, MS job market is regional and mid-sized, which limits how fast either degree accelerates in your first years out.
The retention rate near 73% and a graduation rate of 55.5% are the real financial risk. If you leave without the degree, you keep the debt and lose the earnings bump that makes the price defensible. Nearly half of students don't finish in the measured window, so your personal odds of graduating matter more than the median earnings number.
The net price tiers help lower-income families most: if your household earns under $48,000, you pay around $20,000 a year, meaningfully less than the $32,686 charged to families over $110,000. Oddly, the $48-75k tier pays nearly as much as the $75-110k tier, so a middle income doesn't buy you much relief.
Millsaps fits you if you're aiming at business, confident you'll graduate, and qualify for the lower-income pricing. If you're headed into psychology or a lower-paying field and paying full price, look harder at cheaper in-state options.
Frequently Asked Questions
Is Millsaps College worth the cost?
Millsaps College graduates earn $53,848 ten years after graduation, which is modest for the $25,291 annual net price. The 55% graduation rate means nearly half of students don't finish their degree.
What are the best paying majors at Millsaps College?
Business administration and accounting graduates from Millsaps earn around $60,000-61,000 annually, which provides decent returns. Psychology majors earn significantly less at $29,685, making that program a riskier investment.
How much debt do Millsaps College graduates have?
Typical Millsaps graduates leave with $27,000 in debt, which is manageable relative to starting salaries in business fields. However, students in lower-paying majors may struggle with loan payments.
Does Millsaps College have good job prospects after graduation?
Millsaps business and accounting programs lead to solid middle-class earnings around $60,000. The low graduation rate suggests many students transfer or drop out, which could indicate academic or financial challenges.