Millikin University's published cost of attendance is $57,475. Need-based financial aid reshapes that figure across income levels: low-income families pay approximately $18,659, middle-income families pay around $23,053, and higher-income families pay approximately $27,524.
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Net prices are averages and may vary. Based on federal data for first-time, full-time students receiving aid.
| Cost Category | Amount |
|---|---|
| Total Cost of Attendance (Sticker Price) | $57,475 |
| Tuition and Fees | $26,892 |
| Room and Board | $13,695 |
| Books and Supplies | $1,000 |
| Average Financial Aid (Grants and Scholarships) | -$35,486 |
| Average Net Price (What Families Pay) | $21,989 |
| Family Income | Net Price |
|---|---|
| $0–30k | $18,659 |
| $30–48k | $15,629 |
| $48–75k | $23,053 |
| $75–110k | $24,622 |
| $110k+ | $27,524 |
Millikin University's published cost of attendance is $57,475. Need-based financial aid reshapes that figure across income levels: low-income families pay approximately $18,659, middle-income families pay around $23,053, and higher-income families pay approximately $27,524. Azimuth ranks Millikin University #934 for post-graduation affordability among nonprofit four-year institutions. Net prices by income band are medians within those bands; individual aid packages vary, so some families in each band pay more and some less than the figures shown. Millikin University participates in federal need-based aid programs (Pell Grants, Direct Loans) and institutional aid, with aid packages typically combining scholarships, grants, and loans. Families apply using the FAFSA and CSS Profile. The affordability rank reflects both the headline sticker price and the debt load graduates carry: while net price and sticker price can differ substantially, the gap between them shapes how affordable the institution is after graduation relative to peer institutions. Median federal student loan debt at graduation is $27,000, and families using Parent PLUS borrow a median of $25,486; private or institutional loans may add further borrowing that falls outside these federal-only figures — see the Parent PLUS risk framework for how household context shapes PLUS decisions. For a graduate at Millikin University's median four-year earnings of $54,115, median federal debt of $27,000 projects to a monthly payment of about $305 under standard ten-year repayment. For personalized projections across earnings scenarios — including Parent PLUS planning — use Azimuth's Financial GPS tool.
How much students borrow and whether debt is manageable given outcomes.
Debt-to-earnings data not available.
How cost compares to graduate earnings and value added.
Graduates of Millikin University earn median 4-year earnings of $54,115, placing the institution in the 13.8 percentile for median earnings four years after enrollment among nonprofit four-year institutions. Millikin University sits in the 26.8 percentile for earnings beyond expectations among nonprofit four-year institutions. Azimuth ranks Millikin University #1072 for return on investment among nonprofit four-year institutions. The institution's earnings profile reflects strength in visual and performing arts alongside complementary fields. Drama/Theatre Arts and Stagecraft is the largest program with 63 graduates earning median 4-year earnings of $38,666, performing at 1.0x the national benchmark for the field. The Nursing program graduates 55 students earning $82,200 four years after enrollment, while Business Administration and Subject-Specific Teacher Education round out the top programs with 36 and 34 graduates respectively. The concentration in Visual & Performing Arts — which comprises 21% of degrees — anchors the institution's distinctive earnings trajectory, supported by secondary strength in Business (19%) and Education (16%).
