by our College Data Analytics TeamBelow is the data on what it actually costs to attend Millikin University, from the published cost of attendance and projected degree cost through to net price, median student debt at graduation, default outcomes, and how aid varies by family income.
Use the section links below to navigate this overview:
The total published cost of attendance at Millikin University is about $41,297.00 for a single academic year.
The blocks below show what you would pay with no aid, with average aid, and as a low-income student.
| Tuition and fees | $26,892.00 |
| + Room, board & other expenses | $14,405.00 |
| Total cost | $41,297.00 |
| That is 26% above the national average net price. |
| Total cost | $41,297.00 |
| − Grants and scholarships | −$35,486.00 |
| Net price | $5,811.00 |
| That is 82% below the national average net price. |
| Total cost | $41,297.00 |
| − Grants and scholarships | −$38,816.00 |
| Net price | $2,481.00 |
| That is 92% below the national average net price. | |
| Go deeper on the components with tuition and fees plus room and board. |
Below, a full degree is projected forward at today’s cost. The tables below project the cost forward across a full degree, side by side for a low-income student with aid, a typical student with average aid, and a student paying full sticker price with no aid. The repayment figures use a ten-year loan at 6.8%.
| Projected 4-year net costs | Low Income w/ Aid | w/ Average Aid | No Aid |
|---|---|---|---|
| Annual growth rate | 0% | 0% | 0% |
| Freshman year | $2,481.00 | $5,811.00 | $41,297.00 |
| Senior year | $2,481.00 | $5,811.00 | $41,297.00 |
| Total 4-year net price | $9,924.00 | $23,244.00 | $165,188.00 |
| 10-year loan interest @ 6.8% | $3,781.00 | $8,855.00 | $62,931.00 |
| Total monthly payment | $114.00 | $267.00 | $1,901.00 |
| Total amount paid | $13,705.00 | $32,099.00 | $228,119.00 |
| Projected 2-year net costs | Low Income w/ Aid | w/ Average Aid | No Aid |
|---|---|---|---|
| Annual growth rate | 0% | 0% | 0% |
| Freshman year | $2,481.00 | $5,811.00 | $41,297.00 |
| Senior year | $2,481.00 | $5,811.00 | $41,297.00 |
| Total 2-year net price | $4,962.00 | $11,622.00 | $82,594.00 |
| 10-year loan interest @ 6.8% | $1,890.00 | $4,428.00 | $31,465.00 |
| Total monthly payment | $57.00 | $134.00 | $950.00 |
| Total amount paid | $6,852.00 | $16,050.00 | $114,059.00 |
| See the full net-price breakdown in the Net Price section. |
The net price is the real out-of-pocket cost — what families pay after grant and scholarship aid is applied. For most families it is a more realistic figure than the published cost.
| Average net price (on-campus) | $21,989.00 |
| Average net price (off-campus) | $23,453.00 |
Net price is not the same for every family — it falls as financial need rises and grant aid increases. The breakdown below splits average net price across income brackets:
| Family income | Average net price |
|---|---|
| Under $30,000 | $2,842.00 |
| $30,000 to $48,000 | $5,247.00 |
| $48,001 to $75,000 | $7,953.00 |
| $75,001 to $110,000 | $11,190.00 |
| Over $110,000 | $14,631.00 |
Get a tailored estimate from the [Millikin University Net Price Calculator](https://tcc.ruffalonl.com/Millikin University/First-Year-Students), or check with the financial aid office.
For the grant-and-scholarship detail behind these figures, see the financial aid page.
The median graduating debt at Millikin University comes to $19,000.00, placing the school in the Low ($10-20k) debt-burden category.
Across borrowers, debt at graduation distributes like this:
| Percentile | Debt at graduation |
|---|---|
| 10th | $5,000.00 |
| 25th | $10,500.00 |
| Median (50th) | $19,000.00 |
| 75th | $28,500.00 |
| 90th | $36,750.00 |
The gap between 10th and 90th percentile borrowers gives a sense of how uneven debt outcomes are.
For the full borrowing and repayment picture, see the student loan debt page.
Student debt at graduation is not evenly distributed across income levels. Below the data splits borrowers across three income groups:
| Family income | Median debt at graduation |
|---|---|
| Low income | $20,000.00 |
| Middle income | $20,000.00 |
| High income | $16,207.00 |
Low-income graduates carry $3,793.00 in additional median debt versus high-income graduates.
First-gen students typically face different financial-aid contexts than students whose parents attended college.
| Student group | Median debt at graduation |
|---|---|
| First-generation students | $20,000.00 |
| Continuing-generation students | $16,375.00 |
First-generation graduates from Millikin University take on $3,625.00 more debt than continuing-generation students.
Pell Grant eligibility is a useful proxy for low-income status among undergraduates. The Pell vs non-Pell debt gap reveals how borrowing differs by need.
The median debt gap between Pell and non-Pell graduates of Millikin University is $6,106.00. This institution is flagged by federal data for Pell-debt inequity.
The federal default-rate classification for Millikin University is Low (<5%).
| Window | Cohort default rate |
|---|---|
| 2-year | 5.9% |
To put the rates in context, Stafford loans at Millikin University reach $187,537,985.00 across 9,748 recipients.
Veteran and active-military students often access dedicated federal aid programs like the Post-9/11 GI Bill and DoD tuition assistance.
| GI Bill recipients | 15 |
| Avg GI Bill amount | $12,960.00 |
Dig into veteran education benefits on the college veterans page.
The figures above are a starting point — as you weigh Millikin University, the questions below are worth your time:
Dig further into the cost picture with the related pages below:
Data sources. Figures on this page draw from the U.S. Department of Education College Scorecard, the Integrated Postsecondary Education Data System (IPEDS), and MediaFactual editorial review. Net-price calculator and financial-aid office links are taken from the institution’s own published data.