College ROI

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Millikin University

Decatur, IL 1,382 Undergrads 60.9% Grad Rate
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Total Cost
$57,475
Sticker Price
Avg Net Price
$21,989
After Aid
Median Earnings
$54,115
4yr Post-Grad

Vs. Peer Institutions

Net Price$21,989
Peer Midpoint: $20,081
Earnings (4yr Post-Grad)Completers only after graduation
$54,115
Peer Midpoint: $60,428
Earnings (10yr Post-Enroll)All enrolled after enrollment
$51,262
Peer Midpoint: $53,763
Graduation Rate60.9%
Peer Midpoint: 58.9%
Average Starting Age21.2
Socio-Economic Diversity
Pell Grant Recipients38.6%
Enrollment Status
Full-Time95.8%
Economic Outcomes
Earn More than HS70.9%

Admissions Profile

Acceptance
66.7%
SAT Avg
1,034
SAT Reading
25th: 44054575th: 570
SAT Math
25th: 42053075th: 560
ACT Composite
25th: 182375th: 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
+$488k
+$21k
+$3k
Median Cost$22k/yr
+$409k
-$58k
-$76k
Full Cost$57k/yr
+$281k
-$186k
-$203k

ROI Efficiency Metrics

Break-Even Age
Return on Inv. %
Zero Cost (Scholarship)$0
59
∞
Median Cost$22k/yr
Never
-96%
Full Cost$57k/yr
Never
-98%
Analysis Assumptions:
  • Starting Salary: Estimated from the 4-year post-graduation median earnings (assuming 2% annual growth from graduation).
  • 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-88%

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-86%
Important Note: Your ROI with any major will depend on the cost you pay to attend the program, and your starting salary. Both vary significantly across institutions. We encourage you to explore the ROI of a specific program variant by selecting the Program title of the credential level you are interested in. You will then have a more detailed return analysis for programs at specific institutions. We also encourage you to use the ROI calculator, or for more sophisticated analysis, the Guided ROI Interview, with your specific estimates of cost and salary.

Program ROI Analysis

Bachelor's Degrees

Median Debt
$26,926
Earnings (4yr)
$60,804
Natl Median: $76,194
Lifetime Value Added
-$21k
Median Debt
-
Earnings (4yr)
-
Natl Median: $70,786
Lifetime Value Added
N/A
Biology, General
BachCIP: 2601
Median Debt
$20,631
Earnings (4yr)
$64,834
Natl Median: $57,214
Lifetime Value Added
+$11k
Median Debt
$27,000
Earnings (4yr)
$71,489
Natl Median: $68,257
Lifetime Value Added
+$62k
Chemistry
BachCIP: 4005
Median Debt
-
Earnings (4yr)
-
Natl Median: $65,120
Lifetime Value Added
N/A
Median Debt
$21,149
Earnings (4yr)
$45,444
Natl Median: $56,359
Lifetime Value Added
-$148k
Median Debt
-
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
$27,000
Earnings (4yr)
$38,666
Natl Median: $39,775
Lifetime Value Added
-$206k
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 (5yr)
$45,765
Natl Median: $41,367
Lifetime Value Added
-$153k
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
+$57k
Marketing
BachCIP: 5214
Median Debt
-
Earnings (4yr)
$71,399
Natl Median: $69,303
Lifetime Value Added
+$61k
Mathematics
BachCIP: 2701
Median Debt
-
Earnings (4yr)
-
Natl Median: $69,562
Lifetime Value Added
N/A
Music
BachCIP: 5009
Median Debt
$26,996
Earnings (4yr)
$43,388
Natl Median: $42,892
Lifetime Value Added
-$166k
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)
$48,700
Natl Median: $50,706
Lifetime Value Added
-$129k
Median Debt
$27,000
Earnings (4yr)
$82,200
Natl Median: $88,910
Lifetime Value Added
+$144k
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
$26,500
Earnings (4yr)
$52,870
Natl Median: $51,790
Lifetime Value Added
-$86k
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
-$121k
Median Debt
$25,446
Earnings (4yr)
$45,797
Natl Median: $47,382
Lifetime Value Added
-$145k
Median Debt
$27,000
Earnings (4yr)
$52,910
Natl Median: $51,389
Lifetime Value Added
-$86k
Median Debt
$26,000
Earnings (4yr)
$43,858
Natl Median: $47,629
Lifetime Value Added
-$162k

Master's Degrees

Median Debt
$41,000
Earnings (4yr)
$85,419
Natl Median: $103,485
Lifetime Value Added
+$72k
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: $120,260
Lifetime Value Added
+$1110k

Doctoral Degrees

Median Debt
$140,724
Earnings (4yr)
$324,655
Natl Median: $138,131
Lifetime Value Added
+$1596k

Other Programs

Median Debt
-
Earnings (4yr)
-
Natl Median: $56,308
Lifetime Value Added
N/A

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.