Millikin University
Private College in Decatur, IL. Six-year graduation rate 55%. Median 10-year earnings $51,262.
Ten years after entry, the median Millikin University student earns $51,262 — a solidly middle-of-the-pack result for an undergraduate institution. 55% finish within six years — respectable, though a meaningful share still leave without a credential. Median debt at graduation reaches $27,000, heavy enough to shape the years right after the degree.
Earnings: College Scorecard, median ten years after entry across students who received federal aid — completers and non-completers alike.
- ✓ 3-year loan default 0.0% — below national benchmark
Admissions
An acceptance rate of 67% puts Millikin University on the accessible end — a realistic target for a broad range of applicants. The applicant pool runs to 5,144, typical for a school of this reach. A 10% yield rate is low: the admitted pool is much larger than the entering class. Read the score bands below narrowly: only 35% of enrolled first-years submitted an SAT score, and test-optional applicants are not represented in them.
Test score bands (middle 50% of submitters)
These bands describe the enrolled first-years who submitted a score, not the entering class. Where most students apply test-optional the submitters are a self-selected, higher-scoring group.
| Test | 25th–75th percentile | Submitted |
|---|---|---|
| SAT Evidence-Based Reading | 440–570 | 121 (35%) |
| SAT Math | 420–560 | |
| ACT Composite | 18–25 | 30 (9%) |
IPEDS Admissions · 2024
Apply at Millikin University →Academics
Six-year completion sits at 55%, meaning about one in two students who enroll leave without finishing. Retention of 75% means a meaningful slice of each entering class does not return. The two rates sit near each other: few students who return for a second year are missing from the six-year completion figure. The 10:1 student-faculty ratio is small enough that seminar-sized classes are the norm. This is a private nonprofit four-year college, so read every rate on this page against that peer group specifically.
Financial Aid
IPEDS Student Financial Aid · 2023-24 · grant and loan rates against 1,459 degree- or certificate-seeking undergraduates
Net price lands at $22,813 a year on average, neither cheap nor punishing. The income table below is the number that matters — $18,659 at $0–30k versus $27,524 at $110k+. 99% of students get grant aid averaging $31,563, so the published price is a poor guide to what most pay. Most students borrow — 60% take federal loans to cover the gap.
Entering first-year students
A different, smaller group than the rates above: full-time students in their first year of college anywhere. The grant series here also excludes the "other sources" counted in the all-undergraduate figure, so the two are not comparable.
IPEDS Student Financial Aid · 2023-24 · 329 students
Net price by family income
The same students as the headline above, limited to those who received Title IV federal aid — a narrower group, with a lower overall average. IPEDS publishes no combined figure across these bands, so they should not be averaged into one.
| Family income band | Average net price |
|---|---|
| $0–30k | $18,659 |
| $30–48k | $15,629 |
| $48–75k | $23,053 |
| $75–110k | $24,622 |
| $110k+ | $27,524 |
IPEDS Student Financial Aid · 2023-24
Federal student loans went to 871 of these 1,459 students, totalling $6,054,014 — an average of $6,951 each.
IPEDS Student Financial Aid · 2023-24
Local housing costs
Typical rents near campus (Macon County) — budget these against any cost-of-attendance housing estimate.
HUD Fair Market Rents (40th-percentile gross rent incl. utilities) · FY2026
Veterans & GI Bill
VA GI Bill Comparison Tool (Veterans Affairs GIDS)