Millikin University

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2020 Undergraduate Tuition
$38,800
7% growth from 2019
2020 Average Net Price
$19,948
After Financial Aid
2018 Student Loan
5.65%
Default Rate
2020 Acceptance Rate
71.1%
3,071 Applicants
2020 Enrolled Students
1,982
94% Full-Time
2020 Graduation Rate
53.4%
254 Graduates

About

Millikin University is a higher education institution located in Macon County, IL. In 2016, the most popular Bachelor's Degree concentrations at Millikin University were Registered Nursing (45 degrees awarded), General Drama & Theater Arts (30 degrees), and Elementary Education & Teaching (20 degrees).

In 2020, 481 degrees were awarded across all undergraduate and graduate programs at Millikin University. 63.4% of these degrees were awarded to women, and 36.6% awarded men. The most common race/ethnicity group of degree recipients was white (369 degrees), 7.53 times more than then the next closest race/ethnicity group, black or african american (49 degrees).

The median undergraduate tuition at Millikin University is $38,800, which is $10,400 more than the national average for Baccalaureate Colleges ($28,400).

Costs

The median undergraduate tuition at Millikin University is $38,800, which is $10,400 more than the national average for Baccalaureate Colleges ($28,400).

After taking grants and loans into account, the average net price for students is $19,948.

In 2020, 93% of undergraduate students attending Millikin University received financial aid through grants. Comparatively, 65% of undergraduate students received financial aid through loans.

Student Expenses

Tuition Costs

$38,800
2020 Undergraduate Tuition

In 2020, the cost of tuition at Millikin University was $38,800. The cost of tuition at Millikin University is $10,400 more than than the overall (public and private) national average for Baccalaureate Colleges ($28,400).

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

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Average Net Price

$19,948
2020 Value
9.89%
1 Year Growth

In 2020 Millikin University had an average net price — the price paid after factoring in grants and loans — of $19,948. Between 2019 and 2020, the average net price of Millikin University grew by 9.89%.

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

$11,818
Room and Board
$1,000
Books and Supplies

The average yearly cost of room and board at Millikin University was of $11,818 in 2020. During the same period, the average yearly cost of books and supplies was $1,000. The cost of room and board did not change between 2019 and 2020. The cost of books and supplies did not change during the same period.

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Financial Aid

Financial Aid by Income Level

93%
Undergraduates Receiving Financial Aid through Grants
65%
Undergraduates Receiving Financial Aid through Loans

93% of undergraduate students at Millikin University received financial aid through grants or loans in 2020. This represents a growth of 2.2% with respect to 2019, when 91% 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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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.
5.65%
2018 Default Rate
36
Number of Defaults

In 2018 the default rate for borrower's at Millikin University was 5.65%, which represents 36 out of the 637 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.

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Admissions

Millikin University received 3,071 undergraduate applications in 2020, which represents a 13% annual decline. Out of those 3,071 applicants, 2,185 students were accepted for enrollment, representing a 71.1% acceptance rate.

There were 1,982 students enrolled at Millikin University in 2020, and 67% of first-time enrollees submitted SAT scores with their applications.

Millikin University has an overall enrollment yield of 17.7%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

71.1%
Acceptance Rate in 2020
2,185
Accepted Out of 3,071

In 2020, the undergraduate acceptance rate of Millikin University was 71.1% (2,185 admissions from 3,071 applications). This is lower than the acceptance rate of 2019, which was 71.3%. Between 2019 and 2020, the number of applicants declined by −13%, while admissions declined by −13.2%.

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SAT Scores

67%
Submission Percentage
260
Scores Submitted

67% of enrolled first-time students at Millikin University in 2020 submitted SAT scores with their applications.

This chart shows the SAT scores for the 25th and 75th percentile of applicants broken out into each section of the test that their are evaluated on.

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Enrollment

Millikin University has a total enrollment of 1,982 students. The full-time enrollment at Millikin University is 1,863 students and the part-time enrollment is 119. This means that 94% of students enrolled at Millikin University are enrolled full-time.

The enrolled student population at Millikin University, both undergraduate and graduate, is 68.9% White, 13.3% Black or African American, 3.99% Hispanic or Latino, 2.77% Two or More Races, 1.77% Asian, 0.151% American Indian or Alaska Native, and 0.101% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Millikin University in full-time Undergraduate programs are most commonly White Female (42.2%), followed by White Male (26.6%) and Black or African American Male (8.24%). Students enrolled in full-time Graduate programs are most commonly White Female (35.4%), followed by White Male (24.1%) and Black or African American Female (11.4%).

Full-Time vs Part-Time Enrollment

94%
Full-Time Enrollment

The total enrollment at Millikin University, both undergraduate and graduate, is 1,982 students. The full-time enrollment at Millikin University is 1,863 and the part-time enrollment is 119. This means that 94% of students enrolled at Millikin University are enrolled full-time compared with 80.1% 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

70%
2020 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 70%. Compared with the full-time retention rate at similar Baccalaureate Colleges (73%), Millikin University had a retention rate lower than 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
  1. White
    1,365
  2. Black or African American
    263
  3. Hispanic or Latino
    79

The enrolled student population at Millikin University is 68.9% White, 13.3% Black or African American, 3.99% Hispanic or Latino, 2.77% Two or More Races, 1.77% Asian, 0.151% American Indian or Alaska Native, and 0.101% Native Hawaiian or Other Pacific Islanders. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Baccalaureate Colleges is 54.8% White, 13.8% Black or African American, and 13.4% Hispanic or Latino.

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, 103 students (5.2%) did not report their race.

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Graduates

In 2020, 129 more women than men received degrees from Millikin University. The most common race/ethnicity group of degree recipients at Millikin University is white (369 degrees awarded). There were 7.53 times more white graduates than the next closest race/ethnicity group, black or african american (49 degrees).

The most common Bachelor's Degree concentration at Millikin University is Registered Nursing (45 degrees awarded), followed by General Drama & Theater Arts (30 degrees) and Elementary Education & Teaching (20 degrees).

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 (94 degrees awarded), Parks, Recreation, & Leisure (24 degrees), and Philosophy and Religious Studies (4 degrees).

Workforce

Common Jobs by Major

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 (1,858,700 people), Secondary school teachers (457,361 people), Education administrators (299,308 people), Postsecondary teachers (230,559 people), and Other managers (206,511 people).

The most specialized majors at Millikin University are Visual & Performing Arts (94 degrees awarded), Parks, Recreation, & Leisure (24 degrees), Philosophy and Religious Studies (4 degrees), Education (62 degrees), and English (11 degrees).

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Highest Paying Jobs by Major

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, Aerospace engineers, Physicians, Nuclear medicine technologists and medical dosimetrists, and Nurse anesthetists

The most specialized majors at Millikin University are Visual & Performing Arts (94 degrees awarded), Parks, Recreation, & Leisure (24 degrees), Philosophy and Religious Studies (4 degrees), Education (62 degrees), and English (11 degrees).

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Common Industries by Major

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 (3,029,259 people), Colleges, universities & professional schools, including junior colleges (477,908 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (226,148 people), Computer Systems Design (154,412 people), and Legal services (123,057 people).

The most specialized majors at Millikin University are Visual & Performing Arts (94 degrees awarded), Parks, Recreation, & Leisure (24 degrees), Philosophy and Religious Studies (4 degrees), Education (62 degrees), and English (11 degrees).

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Degrees

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
  1. 45 degree-majorss awarded
  2. 30 degree-majorss awarded
  3. 20 degree-majorss awarded

In 2020, the most common bachelors degree concentration at Millikin University was Registered Nursing with 45 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

176
Degrees Awarded to Men
in 2020
305
Degrees Awarded to Women
in 2020

In 2020, 176 degrees were awarded to men at Millikin University, which is 0.577 times less than the number of degrees awarded to females (305).

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 2020, 26 degrees were awarded to men at Millikin University in General Business Administration & Management, which is 1.3 times more than the 20 female recipients with that same degree.

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Most Common Female Majors

In 2020, 38 degrees were awarded to women at Millikin University in Registered Nursing, which is 5.43 times more than the 7 male recipients with that same degree.

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Time to Complete

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

In 2020, 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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Diversity

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.
Two or More Races Female
Highest Graduation Rate (80%)

The student demographic with the highest graduation rate at Millikin University is Female and Two or More Races (80% graduation rate). Across all Baccalaureate Colleges, Asian Female students have the highest graduation rate (72.4%).

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, 0.394% of graduates (1 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity
  1. White
    369 degrees awarded
  2. Black or African American
    49 degrees awarded
  3. Hispanic or Latino
    29 degrees awarded

The most common race/ethnicity at Millikin University is white (369 degrees awarded). There were 7.53 times more white recipients than the next closest race/ethnicity group, black or african american (49 degrees).

2.29% of degree recipients (11 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic
  1. White Female
    238 degrees awarded
  2. White Male
    131 degrees awarded
  3. Black or African American Female
    28 degrees awarded

The most common race/ethnicity and sex grouping at Millikin University is white female (238 degrees awarded). There were 1.82 times more white female recipients than the next closest race/ethnicity group, white male (131 degrees).

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Operations

Millikin University has an endowment valued at nearly $94.3M, as of the end of the 2020 fiscal year. The return on its endowment was of $2.89M (3.07%), compared to the 2.06% average return ($820k on $39.8M) across all Baccalaureate Colleges.

In 2020, Millikin University had a total salary expenditure of $53.8M. Millikin University employs 46 Associate professors, 40 Assistant professors, and 31 Professors. Most academics at Millikin University are Male Associate professors (24), Female Associate professors(22), and Female Assistant professors (21).

The most common positions for non-instructional staff at Millikin University are: Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 53 employees, Office and Administrative Support, with 41 employees, and Management with 27 employees.

Finances

Endowment

$94.3M
2020 Endowment
11.8%
decline from 2019

Millikin University has an endowment valued at about $94.3M, as of the end of the 2020 fiscal year. The endowment of Millikin University declined 11.8% from the previous year. The value of their endowment was $54.4M 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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Government Grants and Contracts

Grants & Contracts
  1. $2.05M - Federal
  2. $0 - State
  3. $0 - Local

As of 2020, Millikin University received $2.05M in grants and contracts from the federal government, $0 from state grants and contracts, and $0 from local grants and contracts.

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Expenses

Salary Expenditure

$22.2M
2020 Salaries
1.25%
decline from 2019

In 2020, Millikin University paid a median of $22.2M in salaries, which represents 41.3% of their overall expenditure ($53.8M) and a 1.25% decline from the previous year. This is compared to a 2.31% growth from 2018 and a 6.36% growth from 2017.

The median for similar Baccalaureate Colleges is 15.4M (40.8% of overall expenditures).

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Instructional Salaries

$9.69M
Instructional Salaries
148
Number of Employees

In 2020, Millikin University paid a total of $9.69M to 148 employees working as instructors, which represents 43.5% of all salaries paid.

This is compared to a median of $4.78M (31%) for similar Baccalaureate Colleges.

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Faculty and Staff

Occupations by Share

Associate professor
Most Common Instructor
46 Employees
Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media
Most Common Non-Instructional Employee
53 Employees

In 2020, the most common positions for instructional staff at Millikin University were Associate professor with 46 employees; Assistant professor with 40 employees; and Assistant professor with 31 employees.

In 2020, the most common positions for non-instructional staff at Millikin University were Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 53 employees; Office and Administrative Support with 41 employees; and Management with 27 employees.

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Instructors by Academic Rank and Sex

Most Common Demographic
  1. Male Associate professor
  2. Female Associate professor
  3. Female Assistant professor

In 2020, the most common demographic for instructional staff at Millikin University was Male Associate professor with 24 employees, Female Associate professor with 22 employees, and Female Assistant professor with 21 employees.

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

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