Analysis
Milligan's estimated $27,000 debt load for mechanical engineering graduates sits above both the Tennessee and national medians for this degree, while projected first-year earnings of $67,121 track with the state average but lag the national figure by about $3,600. That debt-to-earnings ratio of 0.40 isn't alarming—it suggests graduates would devote roughly five months of their first year's salary to loan repayment—but the comparison to Tennessee's top programs reveals a potential gap. Vanderbilt grads earn $11,000 more annually, and even regional competitors like Christian Brothers and Memphis post higher starting salaries.
The challenge here is uncertainty. These figures come from other Tennessee engineering programs, not Milligan's actual graduates, because the school's cohorts are too small for the DOE to publish. That means you're making a judgment call based on how similar programs perform rather than on this school's track record. For a family comfortable with moderate debt and drawn to Milligan's smaller campus environment, the estimated outcomes suggest a workable financial picture. But if maximizing earning potential is the priority, the data hints that larger Tennessee programs might offer better returns—though again, without Milligan's actual numbers, that's an educated guess, not a certainty.
Where Milligan University Stands
Earnings vs. debt across all mechanical engineering bachelors's programs nationally
Compare to Similar Programs in Tennessee
Mechanical Engineering bachelors's programs at peer institutions in Tennessee (11 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $39,350 | $67,121* | — | $27,000* | — | |
| $63,946 | $78,009* | $84,813 | $14,000* | 0.18 | |
| $37,300 | $71,112* | — | $27,000* | 0.38 | |
| $10,344 | $69,386* | $80,981 | $27,500* | 0.40 | |
| $38,824 | $67,725* | — | $27,000* | 0.40 | |
| $10,144 | $66,517* | $81,689 | $24,904* | 0.37 | |
| National Median | — | $70,744* | — | $24,755* | 0.35 |
Career Paths
Occupations commonly associated with mechanical engineering graduates
Architectural and Engineering Managers
Biofuels/Biodiesel Technology and Product Development Managers
Aerospace Engineers
Mechanical Engineers
Fuel Cell Engineers
Automotive Engineers
Engineering Teachers, Postsecondary
Cost Estimators
About This Data
Source: U.S. Department of Education College Scorecard (October 2025 release)
Population: Graduates who received federal financial aid (Title IV grants or loans). At Milligan University, approximately 23% of students receive Pell grants. Students who did not receive federal aid are not included in these figures.
Earnings: Median earnings from IRS W-2 data for graduates who are employed and not enrolled in further education, measured 1 year after completion. Earnings are pre-tax and include wages, salaries, and self-employment income.
Debt: Median cumulative federal loan debt at graduation. Does not include private loans or Parent PLUS loans borrowed on behalf of students.
Estimated Earnings: Actual earnings data is not available for this program (typically due to privacy thresholds when fewer than 30 graduates reported earnings). The estimate shown is based on the median of 8 similar programs in TN. Actual outcomes may vary.