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Millikin University

Decatur, IL·Private nonprofit·1,458 students
Last updated: March 22, 2026

A good fit for families who need the lowest possible cost and students who want small classes and close faculty access. no major red flags in the data. generous financial aid cuts net price well below sticker.

54%
Accept
1,458
Students
$8,837
Net Price
59%
Grad Rate
$47,200
Earnings
10 yr
$19,000
Debt

About This School

Millikin University is a private nonprofit institution located in Decatur, Illinois with approximately 1,458 undergraduate students enrolled. Millikin University has an open or accessible admissions process, with an acceptance rate of 54%. The average net price after financial aid is $8,837 per year. The graduation rate is 59%, and the typical graduate earns $47,200 within 10 years of enrollment.

Millikin University is a private university in Decatur, Illinois, United States. It was founded in 1901 by Decatur businessman James Millikin and is affiliated with the Presbyterian Church (USA).

The numbers tell a mixed story here: the average net price of just $8,837/year is genuinely affordable for a private school, and a median debt of $19,000 at graduation is reasonable, but a 59% graduation rate and 74% freshman retention rate suggest a meaningful number of students struggle to finish. Worth considering if you're drawn to a small, close-knit campus and have a clear plan for staying on track — particularly strong for students interested in the arts or business programs — but ask hard questions about student support before committing.

Founded
1901
Setting
Small city

Popular Programs

Visual & Performing Arts20%
Education17%
Business & Marketing16%
Health Professions15%
Biological Sciences4%
Psychology3%
Communications2%
Mathematics2%

Percentage of degrees awarded. Source: College Scorecard.

Notable Alumni

Jodi BensonAnnie WerschingSierra BoggessHedy BurressRodney DavisJoel Kim BoosterKevin Vann

Source: Wikidata. Used for context only.

Admissions

SAT Scores

Average Composite1050
Reading 75th %ile600
Math 75th %ile570

ACT Scores

Midpoint Composite23

Cost & Financial Aid

In-State Tuition
$26,892
Out-of-State Tuition
$43,670
Avg Net Price
$8,837
after aid

Financial Aid

Students receiving Pell Grants35%
Median debt at graduation$19,000

Full Cost

After Graduation

Graduation Rate
59%
within 6 years
Retention Rate
74%
freshmen returning
Earnings (10 yr)
$47,200
after enrollment
Median Debt
$19,000
at graduation

Will This School Pay Off?

Median Debt
$19,000
at graduation
Earnings (6 yr)
$34,900
after enrollment
Earnings (10 yr)
$47,200
after enrollment
Earnings-to-Debt Ratio: 2.5x

Solid return. Earnings outpace debt, though major choice matters.

Earnings data from the U.S. Department of Education College Scorecard. These are means across all graduates, not specific to any major.

Student Body

White67%
Black18%
Hispanic/Latino5%
Asian2%

Source: U.S. Department of Education College Scorecard (1,458 undergraduates).

Contact & Location

Address

Millikin University

1184 W Main St

Decatur, IL 62522-2084

View on Google Maps →

Other Schools in Illinois

Browse all Illinois schools →

Sources & Methodology

Data

Primary data source: U.S. Department of Education College Scorecard. Accessed via automated sync. Latest values may come from different reporting years depending on the metric.

Contextual Enrichment

School overview from Wikipedia. Used for context only, not as a primary data source for admissions, cost, or outcomes claims.

Important Caveats
  • Earnings figures are institution-level averages, not major-specific.
  • Some metrics are based on Title IV financial aid recipients only.
  • Some values may be privacy-suppressed or rolled up by the Department of Education.
  • Contact the school directly for current admissions requirements and costs.
Trademarks

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