Millikin University ROI Analysis
Comprehensive ROI analysis based on tuition costs, graduate earnings, financial aid, and long-term earning potential.
ROI Summary
Total 4-Year Cost
$107,568
In-state tuition x 4
Earnings Premium
$8,100/yr
above high school diploma avg
Break-Even Point
13.3 years
After graduation
20-Year ROI
51%
Return on investment
ROI Analysis
Millikin University's in-state tuition is $26,892. One year after graduation, alumni earn $40,104. Five years after graduation, earnings increase to $43,100, and after ten years, earnings reach $51,262. The median debt for graduates is $27,000, and 60.9% of students receive financial aid.
The debt-to-income ratio, comparing the median debt to the one-year earnings, is approximately 0.67. This ratio is calculated by dividing the median debt of $27,000 by the one-year earnings of $40,104.
To calculate the break-even point, the median debt of $27,000 is divided by the difference between the one-year earnings of $40,104 and the tuition cost of $26,892, which is $13,212. The break-even point is approximately 2 years.
Generated from College Scorecard & IPEDS data
The Numbers
Annual Tuition (In-State)
$26,892
Median Debt at Graduation
$27,000
Median Earnings (5yr)
$43,100
Graduation Rate
59%
Receive Financial Aid
61%
Avg Aid Amount
N/A
Program-Level ROI
| Program | Median Earnings (5yr) | Est. 20yr ROI |
|---|---|---|
| Business Administration, Management and Operations | $95,557 | 1026% |
| Registered Nursing, Nursing Administration, Nursing Research and Clinical Nursing | $66,854 | 492% |
| Music | $31,684 | N/A |
| Teacher Education and Professional Development, Specific Levels and Methods | $37,019 | -62% |
| Drama/Theatre Arts and Stagecraft | $31,311 | N/A |
| Health and Physical Education/Fitness | $31,307 | N/A |
| Teacher Education and Professional Development, Specific Subject Areas | $42,831 | 46% |
| Visual and Performing Arts, Other | $0 | N/A |
| Biology, General | $56,407 | 298% |
| Communication and Media Studies | $45,295 | 91% |
| Accounting and Related Services | $58,322 | 334% |
| Bioethics/Medical Ethics | $0 | N/A |
Peer Comparison
Financial Aid Impact
Before Aid
After Aid (Estimated)
Frequently Asked Questions
Methodology
ROI calculations are based on data from the U.S. Department of Education College Scorecard. The earnings premium is calculated as the difference between median graduate earnings and the national average earnings for high school diploma holders ($35,000).
The 20-year ROI formula: ((Earnings Premium x 20) - Total Cost) / Total Cost x 100. Break-even point: Total Cost / Annual Earnings Premium. All figures use in-state tuition and do not account for inflation, opportunity cost, or financial aid variations.