College ROI

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Millikin University

Decatur, IL 1,382 Undergrads 62.0% Grad Rate
Share
Total Cost
$40,285
Sticker Price
Avg Net Price
$16,652
After Aid
Median Earnings
$57,548
5yr Post-Grad

Vs. Peer Institutions

Net Price$16,652
Peer Midpoint: $19,969
Earnings (5yr Post-Grad)Completers only after graduation
$57,548
Peer Midpoint: $61,632
Earnings (10yr Post-Enroll)All enrolled after enrollment
$57,738
Peer Midpoint: $58,891
Graduation Rate62.0%
Peer Midpoint: 58.9%
Average starting age (2015-17)21.2
Socio-Economic Diversity
Pell Grant Recipients44.0%
Enrollment Status
Full-Time95.8%
Economic Outcomes
Earn More than HS73.7%

Admissions Profile

Acceptance
66.7%
SAT Avg
1,034
SAT Reading
25th: 44052075th: 570
SAT Math
25th: 42050075th: 560
ACT Composite
25th: 182175th: 25

ROI Sensitivity Analysis
Assuming 4 Years to Graduation

This analysis tests three cost scenarios (Scholarship, Average Net Price, Full Sticker Price) to show how college costs impact your long-term return compared to the average student and a high school graduate.

Lifetime Value Added (NPV)

Institution Lifetime NPV
Vs Median Peer
Vs HS Grad
Zero Cost (Scholarship)$0
+$509k
+$39k
+$23k
Median Cost$17k/yr
+$449k
-$21k
-$37k
Full Cost$40k/yr
+$364k
-$106k
-$122k

ROI Efficiency Metrics

Break-Even Age
Return on Inv. %
Zero Cost (Scholarship)$0
45
∞
Median Cost$17k/yr
Never
-62%
Full Cost$40k/yr
Never
-84%
Analysis Assumptions:
  • Starting Salary: Estimated from the median earnings five years after graduating, with four years of 2% raises taken out.
  • Comparisons: "Vs Median Peer" compares to the median student nationwide in a similar level program. "Vs HS Grad" compares to a median high school graduate.
  • Break-Even: The age at which the college investment net income exceeds the median high school graduate's lifetime earnings.
  • NPV: Net Present Value of all future earnings minus costs and taxes, discounted at 7.8%.

Social Impact ROINew

Measures the societal return on a donor's investment. Calculated as the incremental pre-tax lifetime earnings vs. HS grad, divided by the tax-adjusted donation cost.

Donor Return-61%

Gov. Pell Grant ROINew

Measures the government's return on Pell Grants via increased tax revenue. Calculated as the portion of incremental lifetime taxes (discounted at 5.4%) attributed to the Pell Grant investment.

Taxpayer Return-76%

Program ROI Analysis

These figures are medians for past graduates who received federal aid. Your cost and pay will differ. Run your own numbers in the Guided ROI Interview →

Bachelor's Degrees

Median Debt
-
Earnings (4yr)
$60,804
Natl Median: $76,194
Lifetime Value Added
-$1k
Median Debt
-
Earnings (4yr)
-
Natl Median: $70,786
Lifetime Value Added
N/A
Biology, General
BachCIP: 2601
Median Debt
$22,500
Earnings (4yr)
$64,834
Natl Median: $57,214
Lifetime Value Added
+$31k
Median Debt
$25,000
Earnings (4yr)
$71,489
Natl Median: $68,257
Lifetime Value Added
+$83k
Chemistry
BachCIP: 4005
Median Debt
-
Earnings (4yr)
-
Natl Median: $65,120
Lifetime Value Added
N/A
Median Debt
-
Earnings (4yr)
$45,444
Natl Median: $56,359
Lifetime Value Added
-$129k
Median Debt
$22,747
Earnings (4yr)
-
Natl Median: $55,378
Lifetime Value Added
N/A
Median Debt
-
Earnings (4yr)
-
Natl Median: $51,490
Lifetime Value Added
N/A
Median Debt
$21,000
Earnings (4yr)
$38,666
Natl Median: $39,775
Lifetime Value Added
-$188k
Median Debt
-
Earnings (4yr)
-
Natl Median: $47,433
Lifetime Value Added
N/A
Median Debt
-
Earnings (4yr)
-
Natl Median: $48,590
Lifetime Value Added
N/A
Median Debt
-
Earnings (4yr)
-
Natl Median: $61,027
Lifetime Value Added
N/A
Median Debt
-
Earnings (2yr)
$28,236
Natl Median: $41,367
Lifetime Value Added
-$269k
History
BachCIP: 5401
Median Debt
-
Earnings (4yr)
-
Natl Median: $50,680
Lifetime Value Added
N/A
Median Debt
-
Earnings (4yr)
-
Natl Median: $73,201
Lifetime Value Added
N/A
Median Debt
-
Earnings (4yr)
$70,837
Natl Median: $83,290
Lifetime Value Added
+$78k
Marketing
BachCIP: 5214
Median Debt
-
Earnings (4yr)
$71,399
Natl Median: $69,303
Lifetime Value Added
+$82k
Mathematics
BachCIP: 2701
Median Debt
-
Earnings (4yr)
-
Natl Median: $69,562
Lifetime Value Added
N/A
Music
BachCIP: 5009
Median Debt
$21,333
Earnings (4yr)
$43,388
Natl Median: $42,892
Lifetime Value Added
-$147k
Median Debt
-
Earnings (4yr)
-
Natl Median: $55,012
Lifetime Value Added
N/A
Philosophy
BachCIP: 3801
Median Debt
-
Earnings (4yr)
-
Natl Median: $54,455
Lifetime Value Added
N/A
Physics
BachCIP: 4008
Median Debt
-
Earnings (4yr)
-
Natl Median: $76,786
Lifetime Value Added
N/A
Median Debt
-
Earnings (4yr)
-
Natl Median: $63,293
Lifetime Value Added
N/A
Psychology, General
BachCIP: 4201
Median Debt
-
Earnings (5yr)
$60,025
Natl Median: $50,706
Lifetime Value Added
-$17k
Median Debt
$24,342
Earnings (4yr)
$82,200
Natl Median: $88,910
Lifetime Value Added
+$165k
Median Debt
-
Earnings (4yr)
-
Natl Median: $55,792
Lifetime Value Added
N/A
Median Debt
-
Earnings (4yr)
-
Natl Median: $48,471
Lifetime Value Added
N/A
Median Debt
-
Earnings (4yr)
-
Natl Median: $55,000
Lifetime Value Added
N/A
Social Work
BachCIP: 4407
Median Debt
-
Earnings (4yr)
$52,870
Natl Median: $51,790
Lifetime Value Added
-$67k
Sociology
BachCIP: 4511
Median Debt
-
Earnings (4yr)
-
Natl Median: $52,657
Lifetime Value Added
N/A
Median Debt
-
Earnings (4yr)
-
Natl Median: $50,499
Lifetime Value Added
N/A
Sports, Kinesiology, and Physical Education/Fitness
BachCIP: 3105
Median Debt
$27,000
Earnings (4yr)
$48,665
Natl Median: $54,562
Lifetime Value Added
-$102k
Median Debt
$22,740
Earnings (4yr)
$45,797
Natl Median: $47,382
Lifetime Value Added
-$126k
Median Debt
$27,000
Earnings (4yr)
$52,910
Natl Median: $51,389
Lifetime Value Added
-$66k
Median Debt
-
Earnings (4yr)
$43,858
Natl Median: $47,629
Lifetime Value Added
-$143k

Master's Degrees

Median Debt
$33,978
Earnings (4yr)
$85,419
Natl Median: $103,485
Lifetime Value Added
+$83k
Health Professions Education, Ethics, and Humanities
MastCIP: 5132
Median Debt
-
Earnings (4yr)
-
Natl Median: $100,487
Lifetime Value Added
N/A
Median Debt
-
Earnings (2yr)
$197,436
Natl Median: $120,049
Lifetime Value Added
+$1120k

Doctoral Degrees

Median Debt
$130,284
Earnings (4yr)
$324,655
Natl Median: $138,131
Lifetime Value Added
+$1617k

Note: Lifetime Value Added is the Net Present Value (NPV) of estimated career earnings relative to a median high school graduate (for undergraduate programs) or a median bachelor's degree holder (for graduate programs), accounting for this institution's average cost and taxes. Computed over a career to retirement age.

For graduate programs (Master's, Doctoral, etc.), the calculation assumes a starting age of 22 (after undergraduate completion) and does not include the sunk costs of prior degrees. It represents the value added of the graduate decision moving forward. Note that the institution's average undergraduate net price is used as a proxy for annual cost, which may differ from actual graduate tuition. These Lifetime Value Added results for graduate degrees should not be compared with those for Undergraduate Certificates, Associates or Bachelors.

Completers Only: Federal median earnings data strictly reflects outcomes for students who successfully graduated. Students who do not complete their degree typically earn significantly less and face higher risks of debt default.