Millikin University

https://millikin.edu

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    2024 Undergraduate Tuition
    $26,000
    2024 Average Net Price
    $22,813
    After Financial Aid
    2024 Acceptance Rate
    66.7%
    5,144 Applicants
    2024 Enrolled Students
    1,586
    89.1% Full-Time
    2024 Graduation Rate
    54.9%
    256 Graduates

    About

    Millikin University is a higher education institution located in Macon County, IL. In 2024, the most popular Masters Degree concentrations at Millikin University were General Business Administration & Management (41 degrees awarded) and Nursing Education (8 degrees).

    In 2024, 447 degrees were awarded across all undergraduate and graduate programs at Millikin University. 58.8% of these degrees were awarded to women, and 41.2% awarded men. The most common race/ethnicity group of degree recipients was white (308 degrees), 6.55 times more than then the next closest race/ethnicity group, black or african american (47 degrees).

    The median undergraduate tuition at Millikin University is $26,000, which is $−2,178 less than the national average for Baccalaureate Colleges ($28,178).

    Baccalaureate Colleges: Diverse FieldsBaccalaureate Colleges

    Costs

    In 2024, the median undergraduate tuition at Millikin University is $26,000, which is $2,178 less than the national average for Baccalaureate Colleges ($28,178).

    After taking grants and loans into account, the average net price for students is $22,813.

    In 2024, 92% of undergraduate students attending Millikin University received financial aid through grants. Comparatively, 56% of undergraduate students received financial aid through loans.

    Tuition Costs

    $26,000
    2024 Undergraduate Tuition

    In 2024, the cost of tuition at Millikin University was $26,000. The cost of tuition at Millikin University is $−2,178 less than than the overall (public and private) national average for Baccalaureate Colleges ($28,178).

    This chart compares the tuition costs of Millikin University (in red) with those of other similar universities.

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    Average Net Price

    $22,813
    2024 Value
    126%
    1 Year Growth

    In 2024 Millikin University had an average net price — the price paid after factoring in grants and loans — of $22,813. Between 2023 and 2024, the average net price of Millikin University grew by 126%.

    This chart compares the average net price of Millikin University (in red) with that of other similar universities.

    Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

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    Other Student Expenses

    $13,020
    Room and Board
    $1,000
    Books and Supplies

    The average yearly cost of room and board at Millikin University was of $13,020 in 2024. The cost of room and board increased by 1.43% between 2023 and 2024.

    During the same period, the average yearly cost of books and supplies was $1,000. The cost of books and supplies did not change during the same period.

    This chart compares the average student costs at Millikin University (in red) with that of similar universities.

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    Financial Aid by Income Level

    92%
    Undergraduates Receiving Financial Aid through Grants
    56%
    Undergraduates Receiving Financial Aid through Loans

    92% of undergraduate students at Millikin University received financial aid through grants or loans in 2024. This represents a decline of 1.08% with respect to 2023, when 93% of undergraduate students received financial aid.

    This chart compares the average award discount at Millikin University (in red) with that of other similar universities.

    The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

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    Admissions

    Millikin University received 5,144 undergraduate applications in 2024, which represents a 28.3% annual growth. Out of those 5,144 applicants, 3,430 students were accepted for enrollment, representing a 66.7% acceptance rate.

    There were 1,586 students enrolled at Millikin University in 2024. 35% of first-time enrollees submitted SAT scores with their applications.

    Millikin University has an overall enrollment yield of 9.97%, which represents the number of admitted students who ended up enrolling.

    Acceptance Rate

    66.7%
    Acceptance Rate in 2024
    3,430
    Accepted Out of 5,144

    In 2024, the undergraduate acceptance rate of Millikin University was 66.7% (3,430 admissions from 5,144 applications). This is higher than the acceptance rate of 2023, which was 54.1%. Between 2023 and 2024, the number of applicants grew by 28.3%, while admissions grew by 58.3%.

    This chart compares the acceptance rate of Millikin University (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

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    SAT Scores

    35%
    Submission Percentage (2024)
    121
    Scores Submitted (2024)

    35% of enrolled first-time students at Millikin University in 2024 submitted SAT scores with their applications.

    The following chart shows the average SAT scores for the 25th, 50th, and 75th percentile of applicants for each section of the test that they are evaluated on.

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    Enrollment

    Millikin University had a total enrollment of 1,586 students in 2024. The full-time enrollment at Millikin University is 1,413 students and the part-time enrollment is 173. This means that 89.1% of students enrolled at Millikin University are enrolled full-time.

    The enrolled student population at Millikin University, both undergraduate and graduate, is 64.6% White, 16% Black or African American, 3.47% Hispanic or Latino, 3.15% Two or More Races, 1.64% Asian, and 0.0631% American Indian or Alaska Native.

    Students enrolled at Millikin University in full-time Undergraduate programs are most commonly White Female (37.5%), followed by White Male (27.7%) and Black or African American Male (10.3%). Students enrolled in full-time Graduate programs are most commonly White Female (52%), followed by White Male (22.8%) and Asian Female (3.94%).

    Full-Time vs Part-Time Enrollment

    89.1%
    Full-Time Enrollment

    The total enrollment at Millikin University in 2024, both undergraduate and graduate, is 1,586 students. The full-time enrollment at Millikin University is 1,413 and the part-time enrollment is 173. This means that 89.1% of students enrolled at Millikin University are enrolled full-time compared with 78.9% at similar Baccalaureate Colleges.

    This chart shows the full-time vs part-time enrollment status at Millikin University (in red) compares to similar universities.

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    Retention Rate over Time

    75%
    2024 Retention Rate

    Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall. The retention rate for full-time undergraduates at Millikin University was 75%. Compared with the full-time retention rate at similar Baccalaureate Colleges (75%), Millikin University had a retention rate approximately the same as its peers.

    This chart shows the retention rate over time at Millikin University (highlighted in red) compares to similar universities.

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    Enrollment by Race & Ethnicity

    Most Common Race or Ethnicity (2024)
    1. White
      1,025 enrolled students
    2. Black or African American
      253 enrolled students
    3. Hispanic or Latino
      55 enrolled students

    The enrolled student population at Millikin University is 64.6% White, 16% Black or African American, 3.47% Hispanic or Latino, 3.15% Two or More Races, 1.64% Asian, and 0.0631% American Indian or Alaska Native. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Baccalaureate Colleges is 50.5% White, 15.6% Hispanic or Latino, and 13.2% Black or African American.

    Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 106 students (6.68%) did not report their race.

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    Graduates

    In 2024, 79 more women than men received degrees from Millikin University. The most common race/ethnicity group of degree recipients at Millikin University is white (308 degrees awarded). There were 6.55 times more white recipients than the next closest race/ethnicity group, black or african american (47 degrees).

    The most common Masters Degree concentration at Millikin University is General Business Administration & Management (41 degrees awarded), followed by Nursing Education (8 degrees).

    In 2024,  the most specialized majors across all degree types at Millikin University, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Visual & Performing Arts (78 degrees awarded), Parks, Recreation, & Leisure (22 degrees), and Philosophy and Religious Studies (5 degrees).

    Common Jobs by Major

    Elementary & middle school teachers
    Most Common Job

    The most common jobs for people who hold a degree in one of the 5 most specialized majors at Millikin University are Elementary & middle school teachers (1,572,313 people), Secondary school teachers (549,995 people), Education administrators (287,291 people), Other managers (255,501 people), and Postsecondary teachers (239,483 people).

    The most specialized majors at Millikin University in 2024 are Visual & Performing Arts (78 degrees awarded), Parks, Recreation, & Leisure (22 degrees), Philosophy and Religious Studies (5 degrees), Physical Sciences (10 degrees), and Education (51 degrees) (as of 2024).

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    Highest Paying Jobs by Major

    Magnetic resonance imaging technologists
    Highest Paying Job

    The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Millikin University are Magnetic resonance imaging technologists, Surgeons, Cardiovascular technologists and technicians, Economists, and Securities, commodities, & financial services sales agents

    The most specialized majors at Millikin University are Visual & Performing Arts (78 degrees awarded), Parks, Recreation, & Leisure (22 degrees), Philosophy and Religious Studies (5 degrees), Physical Sciences (10 degrees), and Education (51 degrees) (as of 2024).

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    Common Industries by Major

    Elementary & secondary schools
    Most Common Industry

    The most common industries for people who hold a degree in one of the 5 most specialized majors at Millikin University are Elementary & secondary schools (2,928,121 people), Colleges, universities & professional schools, including junior colleges (514,422 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (290,436 people), Computer Systems Design (216,254 people), and Construction (142,578 people).

    The most specialized majors at Millikin University are Visual & Performing Arts (78 degrees awarded), Parks, Recreation, & Leisure (22 degrees), Philosophy and Religious Studies (5 degrees), Physical Sciences (10 degrees), and Education (51 degrees) (as of 2024).

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    Majors Awarded

    IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Millikin University.
    Most Common (2024)
    1. Registered Nursing
      31 degrees awarded
    2. General Drama & Theater Arts
      21 degrees awarded
    3. General Business Administration & Management
      18 degrees awarded

    In 2024, the most common bachelors degree concentration at Millikin University was Registered Nursing with 31 degrees awarded.

    This visualization illustrates the percentage of degree-majors recipients from bachelors degree programs at Millikin University according to their major.

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    Sex Breakdown for Common Majors

    184
    Degrees Awarded to Men
    in 2024
    263
    Degrees Awarded to Women
    in 2024

    In 2024, 184 degrees were awarded to men at Millikin University, which is 0.7 times less than the number of degrees awarded to females (263).

    This chart displays the sex disparity between the top 5 majors at Millikin University by degrees awarded.

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    Most Common Male Majors

    In 2024, 39 degrees were awarded to men at Millikin University in General Business Administration & Management, which is 1.95 times more than the 20 female recipients with that same degree.

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    Most Common Female Majors

    In 2024, 29 degrees were awarded to men at Millikin University in Registered Nursing, which is 14.5 times more than the 2 male recipients with that same degree.

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    Time to Complete

    47%
    100% Completion Time
    58%
    150% Completion Time

    In 2024, 47% of students graduating from Millikin University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 58% completed their degrees within 150% of the normal time, and 58% within 200%.

    The following chart shows these completion rates over time compared to the average for the Baccalaureate Colleges Carnegie Classification group.

    Graduation rate is defined as the percentage of full-time, first-time students who received a degree or award within a specific percentage of "normal time" to completion for their program.

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    Race & Ethnicity by Share

    Most Common Student Race or Ethnicity (2024)
    1. White
      308 degrees awarded
    2. Black or African American
      47 degrees awarded
    3. Hispanic or Latino
      35 degrees awarded

    The most common race/ethnicity at Millikin University is white (308 degrees awarded). There were 6.55 times more white recipients than the next closest race/ethnicity group, black or african american (47 degrees).

    0.671% of degree recipients (3 students) did not report their race.

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    Race & Ethnicity by Sex

    Most Common Sex Demographic (2024)
    1. White Female
      328 degrees awarded
    2. White Female
      281 degrees awarded
    3. White Female
      277 degrees awarded

    The most common race/ethnicity and sex grouping at Millikin University is white female (328 degrees awarded). There were 1.17 times more white female recipients than the next closest race/ethnicity group, white female (281 degrees).

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    Operations

    Millikin University has an endowment valued at nearly $94.4M, as of the end of the 2024 fiscal year. The return on its endowment was of 8.52M (9.02%) compared to the 7.58% average return (3.75M on 49.5M) across all Baccalaureate Colleges.

    In 2024, Millikin University had a total salary expenditure of 52.5M. Millikin University employs 34 Associate professors, 29 Assistant professors and 25 Professors. Most academics at Millikin University are Female Assistant professor (20), Female Associate professor (17), and Male Professor (17).

    The most common positions for non-instructional staff at Millikin University are: Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 49 employees, Office and Administrative Support, with 32 employees, and Management with 23 employees.

    Endowment

    $94.4M
    2024 Endowment
    4.37%
    growth from 2023

    Millikin University has an endowment valued at about $94.4M, as of the end of the 2024 fiscal year. The endowment of Millikin University grew 4.37% from the previous year. The value of their endowment was $45M higher than than the median endowment of Baccalaureate Colleges according to the Carnegie Classification grouping.

    This line chart shows how the endowment at Millikin University (in red) compares to that of some similar universities.

    The small bar chart below shows the endowment quintiles for all universities in the Baccalaureate Colleges: Diverse Fields Carnegie Classification grouping.

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    Salary Expenditure

    $20.7M
    2024 Salaries
    4.97%
    decline from 2023

    In 2024, Millikin University paid a median of $20.7M in salaries, which represents 39.4% of their overall expenditure ($52.5M) and a 4.97% decline from the previous year. This is compared to a 3.8% decline between 2022 and 2023, and a 4.14% growth between 2021 and 2022.

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    Instructional Salaries

    $7.57M
    Instructional Salaries
    114
    Number of Employees

    In 2024, Millikin University paid a total of $7.57M to 114 employees working as instructors, which represents 36.5% of all salaries paid.

    This is compared to a median of $522k (3.48%) for similar Baccalaureate Colleges.

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    Occupations by Share

    In 2024, the most common positions for non-instructional staff at Millikin University were Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 49 employees, Office and Administrative Support with 32 employees, and Management with 23 employees.

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