Millsaps College
Private College in Jackson, MS. Six-year graduation rate 57%. Median 10-year earnings $53,848.
Students who entered Millsaps College land at a median of $53,848 a decade later, close to what most four-year schools deliver. 57% finish within six years — respectable, though a meaningful share still leave without a credential. Debt is the pressure point: a median of $27,000 at graduation.
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
At 43%, the acceptance rate makes Millsaps College a school worth applying to with alternatives in hand. 2,340 students applied in the most recent cycle — a mid-sized pool drawn mostly from the surrounding region. Yield is low at 18%, so most admitted students do not end up enrolling. The score bands below rest on the 5% of enrolled first-years who submitted an SAT score — a self-selected group, and not a cutoff.
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 | 495–575 | 9 (5%) |
| SAT Math | 530–575 | |
| ACT Composite | 21–28 | 119 (66%) |
IPEDS Admissions · 2024
Apply at Millsaps College →Academics
57% graduate within six years — average, but that average still hides a large group who do not. Just 58% of first-years come back — most of the completion gap opens in year one. The 9:1 student-faculty ratio is small enough that seminar-sized classes are the norm. Judge these figures against other institutions of the same type — sector explains more of the variation in completion than any single campus factor. At 582 undergraduates, expect a small, closely-held student body.
Financial Aid
IPEDS Student Financial Aid · 2023-24 · grant and loan rates against 565 degree- or certificate-seeking undergraduates
Net price lands at $27,737 a year on average, neither cheap nor punishing. Income makes less difference than usual: $24,215 at $0–30k, $30,945 at $110k+. Grant aid is widespread — 98% of students receive it, averaging $33,766. 61% of students borrow federally, so debt is the norm rather than the exception.
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 · 153 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 | $24,215 |
| $30–48k | $23,719 |
| $48–75k | $23,062 |
| $75–110k | $27,049 |
| $110k+ | $30,945 |
IPEDS Student Financial Aid · 2023-24
Federal student loans went to 344 of these 565 students, totalling $2,217,532 — an average of $6,446 each.
IPEDS Student Financial Aid · 2023-24
Local housing costs
Typical rents near campus (Hinds 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)