Analysis
A debt load around $17,000 for a bachelor's in mathematics positions Millikin graduates better than most, particularly when peer programs in Illinois typically carry median debt above $20,000. Based on comparable mathematics programs across Illinois, first-year earnings of roughly $53,000 align with the state median—placing graduates in a workable financial position with a debt-to-earnings ratio of 0.32. That's manageable territory for a math degree, though it's worth noting the wide spread among Illinois schools: elite institutions like University of Chicago report six-figure outcomes while regional programs cluster in the $50,000-$55,000 range.
The suppressed data here—common at smaller schools with tight-knit programs—means we're relying on what similar Illinois mathematics programs produce rather than tracking Millikin's specific graduates. Mathematics degrees typically offer solid versatility, opening doors to actuarial work, data analysis, teaching, and graduate study, but outcomes depend heavily on how graduates deploy the degree. A 1050 average SAT suggests Millikin serves students who may need strong career advising to maximize their mathematical training in the job market.
For parents weighing this investment: the estimated debt burden appears reasonable, and the earnings track with state norms for the field. The uncertainty lies in whether Millikin's specific program connects students to the stronger end of mathematics career pathways—something worth investigating through alumni outcomes and career placement support before committing.
Where Millikin University Stands
Earnings vs. debt across all mathematics bachelors's programs nationally
Compare to Similar Programs in Illinois
Mathematics bachelors's programs at peer institutions in Illinois (48 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $26,892 | $52,597* | — | $17,084* | — | |
| $66,939 | $100,421* | $107,611 | $12,000* | 0.12 | |
| $65,997 | $79,530* | $85,521 | $12,418* | 0.16 | |
| $44,460 | $55,586* | $75,420 | $26,154* | 0.47 | |
| $16,021 | $52,597* | $56,681 | $20,309* | 0.39 | |
| $34,070 | $51,157* | $51,631 | $21,750* | 0.43 | |
| National Median | — | $48,772* | — | $21,500* | 0.44 |
Career Paths
Occupations commonly associated with mathematics graduates
Natural Sciences Managers
Clinical Research Coordinators
Water Resource Specialists
Data Scientists
Business Intelligence Analysts
Clinical Data Managers
Mathematicians
Statisticians
Biostatisticians
Mathematical Science Teachers, Postsecondary
Secondary School Teachers, Except Special and Career/Technical Education
Mathematical Science Occupations, All Other
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 Millikin University, approximately 35% 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 7 similar programs in IL. Actual outcomes may vary.