Millikin University
Decatur, Illinois · City: SmallOfficial Website ↗
Scores based on IPEDS 2023–24 federal data. Methodology →
Millikin University is a private nonprofit four-year university located in Decatur, Illinois. With 1,570 undergraduate students enrolled and an acceptance rate of 54%, the institution is considered moderately selective. Annual tuition is $42,778, above average for private colleges. Families earning under $30,000 a year pay an average net price of $3,367 after grants and scholarships — making it one of the more affordable options in its category. The six-year graduation rate is 59%, which is average compared to the national average of 63%.
Average annual net price after grants & scholarships, by family income
The six-year graduation rate measures students who earn their degree within 150% of normal time (6 years for a 4-year program). It is the federal standard for comparing outcomes across institutions.
- ✓Very affordable for low-income families: avg net price is only $3,367/yr for households earning under $30K
- ✓Small campus environment (1,570 students) — more personal attention and close-knit community
- ·Room and board costs ($14,330/yr) add significantly to the total cost of attendance
This college is a strong fit for students from low- and middle-income families who need an affordable option, and students who prefer smaller class sizes and closer faculty relationships.
Net price is what you actually pay after grants and scholarships — not the sticker price. File the FAFSA every year to maximize your aid package.
All data sourced from the NCES IPEDS 2023–24 collection. Acceptance rates, test scores, and graduation rates reflect the most recent year reported. Scores are composite rankings calculated from five weighted dimensions.
Data notice: All figures are sourced from IPEDS 2023–24 federal data. Tuition, acceptance rates, and enrollment figures change annually. Always verify current information directly with the institution. Net price figures are averages and individual aid packages will vary. Composite scores and rankings are calculated by SchoolRankings.org and are not affiliated with U.S. News, Forbes, or any government agency.