Millikin University

https://www.millikin.edu

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2023 Undergraduate Tuition

$26,000

2023 Average Net Price

$10,078

After Financial Aid

2020 Default Rate

on Student Loans

2023 Acceptance Rate

54.1%

4,009 Applicants

2023 Enrolled Students

1,659

90.5% Full-Time

2023 Graduation Rate

59.1%

280 Graduates

About

Millikin University is a higher education institution located in Macon County, IL. In 2023, the most popular Bachelors Degree concentrations at Millikin University were Registered Nursing (50 degrees awarded), Music Teacher Education (24 degrees), and Elementary Education & Teaching (22 degrees).

In 2023, 485 degrees were awarded across all undergraduate and graduate programs at Millikin University. 64.5% of these degrees were awarded to women, and 35.5% awarded men. The most common race/ethnicity group of degree recipients was white (349 degrees), 7.59 times more than then the next closest race/ethnicity group, black or african american (46 degrees).

The median undergraduate tuition at Millikin University is $26,000, which is $−3,280 less than the national average for Baccalaureate Colleges ($29,280).

In 2020 the default rate for borrower's at Millikin University was 0%, corresponding to 0 out of the 585 total borrowers.

Baccalaureate Colleges: Diverse Fields Baccalaureate Colleges

Costs

In 2023, the median undergraduate tuition at Millikin University is $26,000, which is $3,280 less than the national average for Baccalaureate Colleges ($29,280).

After taking grants and loans into account, the average net price for students is $10,078.

In 2023, 93% of undergraduate students attending Millikin University received financial aid through grants. Comparatively, 61% of undergraduate students received financial aid through loans.

Tuition Costs

$26,000

2023 Undergraduate Tuition

In 2023, the cost of tuition at Millikin University was $26,000. The cost of tuition at Millikin University is $−3,280 less than than the overall (public and private) national average for Baccalaureate Colleges ($29,280).

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

Average Net Price

$10,078

2023 Value

3.95%

1 Year Growth

In 2023 Millikin University had an average net price — the price paid after factoring in grants and loans — of $10,078. Between 2022 and 2023, the average net price of Millikin University grew by 3.95%.

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.

Other Student Expenses

$12,836

Room and Board

$1,000

Books and Supplies

The average yearly cost of room and board at Millikin University was of $12,836 in 2023. The cost of room and board increased by 1.15% between 2022 and 2023.

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.

Financial Aid by Income Level

93%

Undergraduates Receiving Financial Aid through Grants

61%

Undergraduates Receiving Financial Aid through Loans

93% of undergraduate students at Millikin University received financial aid through grants or loans in 2023. This represents a decline of 1.06% with respect to 2022, when 94% 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.

Student Loan Default Rate

Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.

2020 Default Rate

Number of Defaults

In 2020 the default rate for borrower's at Millikin University was 0%, which represents 0 out of the 585 total borrowers.

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

Admissions

Millikin University received 4,009 undergraduate applications in 2023, which represents a 38.1% annual growth. Out of those 4,009 applicants, 2,167 students were accepted for enrollment, representing a 54.1% acceptance rate.

There were 1,659 students enrolled at Millikin University in 2023. 26% of first-time enrollees submitted SAT scores with their applications.

Millikin University has an overall enrollment yield of 15.2%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

54.1%

Acceptance Rate in 2023

2,167

Accepted Out of 4,009

In 2023, the undergraduate acceptance rate of Millikin University was 54.1% (2,167 admissions from 4,009 applications). This is lower than the acceptance rate of 2022, which was 75.4%. Between 2022 and 2023, the number of applicants grew by 38.1%, while admissions declined by 0.96%.

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.

SAT Scores

26%

Submission Percentage (2023)

Scores Submitted (2023)

26% of enrolled first-time students at Millikin University in 2023 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.

Enrollment

Millikin University had a total enrollment of 1,659 students in 2023. The full-time enrollment at Millikin University is 1,501 students and the part-time enrollment is 158. This means that 90.5% of students enrolled at Millikin University are enrolled full-time.

The enrolled student population at Millikin University, both undergraduate and graduate, is 63.8% White, 16.8% Black or African American, 4.34% Hispanic or Latino, 2.11% Two or More Races, 1.93% Asian, 0.121% Native Hawaiian or Other Pacific Islanders, and 0.0603% American Indian or Alaska Native.

Students enrolled at Millikin University in full-time Undergraduate programs are most commonly White Female (37.9%), followed by White Male (26.6%) and Black or African American Male (10.9%). Students enrolled in full-time Graduate programs are most commonly White Female (45.8%), followed by White Male (24.4%) and Black or African American Female (6.11%).

Full-Time vs Part-Time Enrollment

90.5%

Full-Time Enrollment

The total enrollment at Millikin University in 2023, both undergraduate and graduate, is 1,659 students. The full-time enrollment at Millikin University is 1,501 and the part-time enrollment is 158. This means that 90.5% of students enrolled at Millikin University are enrolled full-time compared with 78.8% at similar Baccalaureate Colleges.

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

Retention Rate over Time

74%

2023 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 74%. Compared with the full-time retention rate at similar Baccalaureate Colleges (74%), 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.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)

White
1,058 enrolled students
Black or African American
278 enrolled students
Hispanic or Latino
72 enrolled students

The enrolled student population at Millikin University is 63.8% White, 16.8% Black or African American, 4.34% Hispanic or Latino, 2.11% Two or More Races, 1.93% Asian, 0.121% Native Hawaiian or Other Pacific Islanders, and 0.0603% 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 53.2% White, 14.1% Hispanic or Latino, and 12.9% 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, 89 students (5.36%) did not report their race.

Graduates

In 2023, 141 more women than men received degrees from Millikin University. The most common race/ethnicity group of degree recipients at Millikin University is white (349 degrees awarded). There were 7.59 times more white recipients than the next closest race/ethnicity group, black or african american (46 degrees).

The most common Bachelor's Degree concentration at Millikin University is Registered Nursing (50 degrees awarded), followed by Music Teacher Education (24 degrees) and Elementary Education & Teaching (22 degrees).

In 2023, 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 (87 degrees awarded), Parks, Recreation, & Leisure (24 degrees), and Education (70 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 (1,574,320 people), Secondary school teachers (557,617 people), Education administrators (286,681 people), Special education teachers (208,066 people), and Other managers (207,144 people).

The most specialized majors at Millikin University in 2023 are Visual & Performing Arts (87 degrees awarded), Parks, Recreation, & Leisure (24 degrees), Education (70 degrees), Philosophy and Religious Studies (4 degrees), and Language & Linguistics (6 degrees) (as of 2023).

Highest Paying Jobs by Major

Surgeons

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 Surgeons, Cardiovascular technologists and technicians, Securities, commodities, & financial services sales agents, Physicians, and Dentists

The most specialized majors at Millikin University are Visual & Performing Arts (87 degrees awarded), Parks, Recreation, & Leisure (24 degrees), Education (70 degrees), Philosophy and Religious Studies (4 degrees), and Language & Linguistics (6 degrees) (as of 2023).

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 (3,127,112 people), Colleges, universities & professional schools, including junior colleges (706,008 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (609,934 people), Offices of physicians (232,545 people), and Computer Systems Design (227,047 people).

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 (2023)

Registered Nursing
50 degrees awarded
Music Teacher Education
24 degrees awarded
Elementary Education & Teaching
22 degrees awarded

In 2023, the most common bachelors degree concentration at Millikin University was Registered Nursing with 50 degrees awarded.

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

Sex Breakdown for Common Majors

172

Degrees Awarded to Men

in 2023

313

Degrees Awarded to Women

in 2023

In 2023, 172 degrees were awarded to men at Millikin University, which is 0.55 times less than the number of degrees awarded to females (313).

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

Most Common Male Majors

In 2023, 30 degrees were awarded to men at Millikin University in General Business Administration & Management, which is 2.14 times more than the 14 female recipients with that same degree.

Most Common Female Majors

In 2023, 45 degrees were awarded to men at Millikin University in Registered Nursing, which is 9 times more than the 5 male recipients with that same degree.

Time to Complete

44%

100% Completion Time

55%

150% Completion Time

In 2023, 44% of students graduating from Millikin University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 55% completed their degrees within 150% of the normal time, and 56% 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.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

American Indian or Alaska Native Female

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2023 at Millikin University is Female and American Indian or Alaska Native (100% graduation rate). Across all Baccalaureate Colleges, Non-resident Alien Male students have the highest graduation rate (65.7%).

The department of education defines graduation rate as the percentage of full-time, first-time students who received a degree or award within 150% of "normal time" to completion.

The National Center for Education Statistics (NCES) categorizes any student who is studying in the United States on a temporary basis as a "Non-Resident Alien", and the graduation rate of those students is shown in the chart below. Additionally, 0.714% of graduates (2 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)

White
349 degrees awarded
Black or African American
46 degrees awarded
Hispanic or Latino
35 degrees awarded

The most common race/ethnicity at Millikin University is white (349 degrees awarded). There were 7.59 times more white recipients than the next closest race/ethnicity group, black or african american (46 degrees).

0.619% of degree recipients (3 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2023)

White Female
236 degrees awarded
White Male
113 degrees awarded
Black or African American Female
26 degrees awarded

The most common race/ethnicity and sex grouping at Millikin University is white female (236 degrees awarded). There were 2.09 times more white female recipients than the next closest race/ethnicity group, white male (113 degrees).

Operations

Millikin University has an endowment valued at nearly $90.5M, as of the end of the 2023 fiscal year. The return on its endowment was of 5.61M (6.2%) compared to the 4.79% average return (2.46M on 51.4M) across all Baccalaureate Colleges.

In 2023, Millikin University had a total salary expenditure of 56.1M. Millikin University employs 34 Associate professors, 30 Assistant professors and 25 Professors. Most academics at Millikin University are Female Assistant professor (19), Female Associate professor (18), 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 45 employees, Office and Administrative Support, with 32 employees, and Management with 23 employees.

Endowment

$90.5M

2023 Endowment

11.5%

decline from 2022

Millikin University has an endowment valued at about $90.5M, as of the end of the 2023 fiscal year. The endowment of Millikin University declined 11.5% from the previous year. The value of their endowment was $39.1M 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.

Salary Expenditure

$21.8M

2023 Salaries

3.8%

decline from 2022

In 2023, Millikin University paid a median of $21.8M in salaries, which represents 38.9% of their overall expenditure ($56.1M) and a 3.8% decline from the previous year. This is compared to a 4.14% growth between 2021 and 2022, and a 2.18% decline between 2020 and 2021.

The median for similar Baccalaureate Colleges is 15.7M (37.9% of overall expenditures).

Instructional Salaries

$7.56M

Instructional Salaries

116

Number of Employees

In 2023, Millikin University paid a total of $7.56M to 116 employees working as instructors, which represents 34.7% of all salaries paid.

This is compared to a median of $552k (3.27%) for similar Baccalaureate Colleges.

Occupations by Share

Associate professor

Most Common Instructor

34 Employees

Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media

Most Common Non-Instructional Employee

45 Employees

In 2023, the most common positions for instructional staff at Millikin University were Associate professor with 34 employees, Assistant professor with 30 employees, and Professor with 25 employees.

In 2023, the most common positions for non-instructional staff at Millikin University were Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 45 employees, Office and Administrative Support with 32 employees, and Management with 23 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2023)

Female Assistant professor
Female Associate professor
Male Professor

In 2023, the most common demographic for instructional staff at Millikin University was Female Assistant professor with 19 employees, Female Associate professor with 18 employees, and Male Professor with 17 employees.

This chart shows the sex split between each academic rank present at Millikin University.

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