Decatur, IL · Private University
Is Millikin University Worth It?
ROI analysis based on real earnings and cost data
Key Numbers
10-Year Earnings
$51,262
median, 10 years after enrollment
In-State Tuition
$26,892
per year
Out-of-State Tuition
$43,670
per year
Total 4-Year Cost
$174,680
tuition only (4 years)
ROI Ratio
1.17x
earnings ÷ annual tuition
Payback Period
10.7 yrs
years to recoup total cost
Graduation Rate
59.1%
6-year graduation rate
Median Debt
$27,000
at graduation
Avg Net Price
$8,837
after aid & scholarships
Earnings vs. Annual Cost
10-year median earnings compared to annual tuition
Millikin University graduates earn $6,262 more than the national median of workers with any education level.
What You'd Actually Pay
Average net price after grants and scholarships, by family income
Source: IPEDS net price data. Actual costs vary based on individual financial circumstances.
Highest-Earning Majors
Top programs at Millikin University ranked by graduate earnings
69 graduates
23 graduates
47 graduates
17 graduates
26 graduates
Earnings shown are 4-year post-graduation medians where available, otherwise 1-year medians.
ROI by Major at Millikin University
All available majors ranked by graduate earnings. Your major matters as much as your school.
Your major matters more than your school
At Millikin University, the gap between the highest-earning major (Registered Nursing, Nursing Administration, Nursing Research and Clinical Nursing: $66,854) and the lowest (Visual and Performing Arts, Other: $22,815) is $44,039/yr, bigger than the difference between many schools.
| Major | Earnings | ROI |
|---|---|---|
| Registered Nursing, Nursing Administration, Nursing Research and Clinical NursingBest ROI | $66,854 | 1.5x |
| Accounting and Related Services | $58,322 | 1.3x |
| Business Administration, Management and Operations | $55,673 | 1.3x |
| Social Work | $47,124 | 1.1x |
| Communication and Media Studies | $45,295 | 1.0x |
| Teacher Education and Professional Development, Specific Subject Areas | $42,831 | 1.0x |
| Teacher Education and Professional Development, Specific Levels and Methods | $37,019 | 0.8x |
| Music | $31,684 | 0.7x |
| Drama/Theatre Arts and Stagecraft | $31,311 | 0.7x |
| Health and Physical Education/Fitness | $31,307 | 0.7x |
| Visual and Performing Arts, OtherLowest(1yr data) | $22,815 | 0.5x |
Earnings are 4-year post-graduation medians where available, otherwise 5-year or 1-year. ROI = earnings ÷ annual tuition.
The Bottom Line
Millikin University delivers returns in line with the national college average. Graduates earn $51,262 10 years after starting, $6,262 above the national median of $45,000. At the current earnings trajectory, it takes approximately 10.7 years to recover the total cost of attendance.
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Earnings data from the U.S. Department of Education College Scorecard. Tuition data from IPEDS. ROI calculations are for informational purposes only and reflect median outcomes.