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Millikin University Tuition and Fees

Located in Decatur, IL, Millikin University is a private university. Millikin University occupies a total area of about 75 acres. The foundation of Millikin University was laid down in the year 1901. The motto of the Millikin University is In His Plenitudo Vis and its official colors are blue & white. In addition to over 1,950 undergraduate students, MU also boasts of over 90 students in its postgraduate courses, taking the total enrollment to over 2,040. The school has a total of 204 academi

$34,210

Tuition

$49,920

Cost of Attendance

$21,348

Net Price

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Millikin University Tuition and Fees

Millikin University is known for offering a wide range of undergraduate, postgraduate, and doctoral programs in a variety of streams, providing excellent training to students. Compared to the tuition fees charged at most institutions, the expense of education at MU is quite moderate. The average annual cost for students opting to pursue undergraduate programs at the university is estimated to be around $37,054, based on 2020 - 2021 official information. This amount includes the total tuition fees as well as other expenses. The housing costs $11,818, books and supplies cost $1,000, while the other expenses add up to $2,100.

Total Cost of Attendance

Student type	In-state	Out-State
Tuition & Fees	$35,002	$35,002
Book & Supplies	$1,000	$1,000
Room & Board cost	$11,818	$11,818
Other Expenses	$2,100	$2,100
Total Cost of Attendance	$49,920	$49,920

As for the cost of attending the university, students should understand that the tuition forms only a portion of the expenses that are involved in the overall cost of attendance. They must plan for several other expenses that accompany the cost of attendance such as lodging, dining, textbooks, supplies, and the cost of living, among others. For students attending the university, the total tuition and fees for one year add up to about $37,054. Apart from that, they should also pay an average amount of $1,000 toward books and supplies, $11,818 for room and boarding charges, and $2,100 toward other expenses in a year. Therefore, the estimated cost of attendance for one year at MU is around $51,972, as per the available information.

Average Net Price by Family Income

Net Price

$21,348

Family Income

Avg. Net Price

$0 to $30,000

$16,053

$30,001 to $48,000

$18,373

$48,001 to $75,000

$19,407

$75,001 to $110,000

$23,526

$110,000+

$25,255

As for the net cost for attending MU, the actual amount depends on the annual family income of the candidate. The net price is nothing but the actual amount that a student is required to pay in a year. Generally, the higher the family income of the candidate, the higher is the net amount to be paid. While the actual net cost is subject to one’s family income bracket, the average net price is estimated to be $22,138 at MU. The net price for students with an annual family income below $30,000 is reported to be around $17,656. For the individuals who come under the $30,001-$48,000 income category, the net cost is $17,692. On the other hand, an estimated net cost of $20,390 is charged for the $48,001-$75,000 income bracket, $23,486 for the $75,001-$110,000 income category, and $25,637 for an annual family income more than $110,000.

Student Loans

Example Loans

$75,688

Stafford Loan Interest

4.5%

Time to Pay off Student Loan

10 years

Example monthly payment

$785

Total interest paid

$18,569

Sum of Loan Payments

$94,257

To have a realistic understanding of how much it will cost to study at Millikin University here is an example one can consider to estimate the payment amounts one will incur with a student loan. Take a loan of $75,688 for example. This will result in a $9,426 payment to be made each year. We can assume that the interest rate is 4.5% post any refinancing or consolidation activities with a 10 years repayment plan. Then the total payment made towards the loan is $94,257 which is $18,569 in addition to the principal amount, which constitutes the interest payment made throughout the life of the loan.

Undergraduate Tuition and Fees

Student type	In-state	Out-State
Tuition & Fees	$35,002	$35,002
Room & Board Cost	$11,818	$11,818
Total Tuition & Fees	$46,820	$46,820

At Millikin University, the tuition and fees for students who are pursuing undergraduate courses are estimated to be around $37,054 in a year. They would also be required to pay around $11,818 for their room and boarding expenses. In view of this information, the estimated total cost for undergraduate students at MU adds up to $51,972.

Graduate Tuition and Fees

	In-state	Out-State
Tuition	$22,187	$22,187
Fees	N/A	N/A

As for the students looking to enroll in postgraduate programs at MU, the tuition and fees they are charged add up to $22,960 per year. Notably, no graduation fee is collected from the students at Millikin University.

Cost Per Credit Hour

Degree	Year	Cost per Credit hour
Graduate	2018 - 2019	$832
Undergraduate	2018 - 2019	$482

The total program cost divided by the total number of credit hours of the program – also called cost per credit hour – that the student has to pay to attend Millikin University varies for graduate and undergraduate courses. The 2019-2020 fee structure places the cost per credit hour for graduate courses at $382 and the undergraduate cost per credit hour at $285. At present, Millikin University also offers various online programs to students across as many as 51 different majors.

Campus Housing Expenses

Housing & other expenses	On Campus	Off Campus
Room & Board	$11,818	$11,818
Other Expense	$2,100	$2,100
Book & Supplies	$1,000	$1,000

As far as the housing and related charges are concerned, these expenses remain the same for both on-campus or off-campus candidates at MU. To note, students have to pay $13,918 per year toward these facilities. On the other hand, the room and board charges that the students have to pay total around $11,818 per year. Coming to the books and supplies charges, the students will be required to pay an amount of $1,000. Meanwhile, the other expenses that a student needs to plan for add up to $2,100.

Campus Housing Expenses

Housing & Other Expenses

Room & Boards

On Campus

$11,818

Off Campus

$11,818

Housing & Other Expenses

Other Expenses

On Campus

$2,100

Off Campus

$2,100

Housing & Other Expenses

Book & Supplies

On Campus

$1,000

Off Campus

$1,000

Online Degree Programs, Tuition and Cost Per Credit Summary

Degree Type	Total Average Tuition	Average Tuition Per Credit
Bachelors	$61,876	$499

Millikin University offers 1 online programs across 1 Majors.

Projected Price for a 4 year degree

The current projected cost of attending a four-year graduate course, along with the living expenses, at Millikin University is around $262,714 as per official data. In comparison, the total expenses for undergraduate students stood at $22,138 for 2018-2019, $21,348 for 2017-2018, and $20,988 for 2016-2017.

Explore Programs by Major

Nursing Programs

Bachelor of Science

Tuition

Credits

Bachelor of Science in Nursing

Type: online

Total Cost : $ 61876

Cost per credit: $ 499

Total Credits: 124

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