by our College Data Analytics TeamBelow is the data on what it actually costs to attend Millsaps College, from sticker cost of attendance and projected degree cost to net price, debt at graduation, and aid breakdowns.
Use the links below to jump straight to any section on this page:
The full cost of attending Millsaps College stands at about $61,025.00 annually.
The blocks below show what you would pay with no aid, with average aid, and as a low-income student.
| Tuition and fees | $44,680.00 |
| + Room, board & other expenses | $16,345.00 |
| Total cost | $61,025.00 |
| That is 86% above the national average net price. |
| Total cost | $61,025.00 |
| − Grants and scholarships | −$34,027.00 |
| Net price | $26,998.00 |
| That is 18% below the national average net price. |
| Total cost | $61,025.00 |
| − Grants and scholarships | −$35,846.00 |
| Net price | $25,179.00 |
| That is 23% below the national average net price. | |
| Go deeper on the components with the tuition & fees page plus living costs. |
The reported cost series has been increasing by roughly 1.3% a year, so a full degree will cost more than a single year — the tables below carry that forward. 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. Loan figures amortise the projected total over ten years at 6.8%.
| Projected 4-year net costs | Low Income w/ Aid | w/ Average Aid | No Aid |
|---|---|---|---|
| Annual growth rate | 1.3% | 1.3% | 1.3% |
| Freshman year | $25,512.00 | $27,355.00 | $61,831.00 |
| Senior year | $26,537.00 | $28,454.00 | $64,315.00 |
| Total 4-year net price | $104,088.00 | $111,607.00 | $252,272.00 |
| 10-year loan interest @ 6.8% | $39,654.00 | $42,518.00 | $96,106.00 |
| Total monthly payment | $1,198.00 | $1,284.00 | $2,903.00 |
| Total amount paid | $143,741.00 | $154,125.00 | $348,378.00 |
| Projected 2-year net costs | Low Income w/ Aid | w/ Average Aid | No Aid |
|---|---|---|---|
| Annual growth rate | 1.3% | 1.3% | 1.3% |
| Freshman year | $25,512.00 | $27,355.00 | $61,831.00 |
| Senior year | $25,849.00 | $27,716.00 | $62,649.00 |
| Total 2-year net price | $51,361.00 | $55,071.00 | $124,480.00 |
| 10-year loan interest @ 6.8% | $19,567.00 | $20,980.00 | $47,422.00 |
| Total monthly payment | $591.00 | $634.00 | $1,433.00 |
| Total amount paid | $70,927.00 | $76,051.00 | $171,902.00 |
For the complete net-price picture, see the net price section below.
Net price reflects the true cost to attend after grant and scholarship aid is deducted. For most prospective students, net price gives a more realistic estimate than sticker tuition.
| Average net price (on-campus) | $26,034.00 |
| Average net price (off-campus) | $25,291.00 |
What families actually pay shifts with income, since need-based grants are larger for lower-income students. Below, average net price is broken out by family income:
| Family income | Average net price |
|---|---|
| Under $30,000 | $20,651.00 |
| $30,000 to $48,000 | $20,231.00 |
| $48,001 to $75,000 | $26,671.00 |
| $75,001 to $110,000 | $26,007.00 |
| Over $110,000 | $32,686.00 |
Use Millsaps College Net Price Calculator, or reach out to the financial aid office.
Curious how grants and scholarships are distributed? Explore the financial aid page.
The typical debt load for borrowers leaving Millsaps College stands at $19,500.00, which the Department of Education classifies as a Low ($10-20k) debt-burden category.
Across borrowers, debt at graduation distributes like this:
| Percentile | Debt at graduation |
|---|---|
| 10th | $3,250.00 |
| 25th | $5,500.00 |
| Median (50th) | $19,500.00 |
| 75th | $27,000.00 |
| 90th | $31,500.00 |
The spread between the 10th and 90th percentiles reflects how variable debt outcomes are at this school.
For the full borrowing and repayment picture, see the student loan debt detail.
Median debt at graduation differs meaningfully across income brackets. The figures below split graduating borrowers into three income brackets:
| Family income | Median debt at graduation |
|---|---|
| Low income | $18,250.00 |
| Middle income | $16,162.00 |
| High income | $21,500.00 |
First-generation students frequently graduate with different debt than continuing-generation students.
| Student group | Median debt at graduation |
|---|---|
| First-generation students | $19,500.00 |
| Continuing-generation students | $19,500.00 |
The Department of Education default-rate tier for Millsaps College is Low (<5%).
| Window | Cohort default rate |
|---|---|
| 2-year | 5.2% |
For context on the loan portfolio, Stafford disbursements at Millsaps College amount to $66,593,875.00 spread across 3,700 disbursements.
Veteran and active-military students often access dedicated federal aid programs including the GI Bill and Tuition Assistance from the Department of Defense.
| GI Bill recipients | 15 |
| Avg GI Bill amount | $28,109.00 |
For the full rundown of veteran and military benefits, see the college veterans page.
Beyond the data above, it helps to ask a few questions when weighing Millsaps College, consider the following:
Each page below covers one part of paying for college in more detail:
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.