Median Earnings (1yr)
$71,848
34th percentile
40th percentile in Illinois
Median Debt
$27,000
At national median

Analysis

Millikin's nursing program sits in the bottom half of Illinois options, with first-year earnings of $71,848 trailing both the state median ($73,156) and most peer programs. More concerning is the trajectory: by year four, earnings drop to $66,854β€”a 7% decline when most nursing careers should be gaining momentum. Among the 41 Illinois nursing programs, this ranks in just the 40th percentile, meaning six out of ten alternatives deliver stronger outcomes.

The $27,000 debt load is exactly average for nursing programs, both nationally and in Illinois, yielding a reasonable 0.38 debt-to-earnings ratio. You're not overpaying for the credential itself. The real question is why graduates start below the market rate and then move backward. This pattern could reflect regional job market limitations in Decatur, difficulty securing specialty positions that command higher pay, or simply a cohort that values flexibility over income growth. Whatever the cause, it's not the typical nursing earnings arc.

For an in-state family paying private tuition, stronger options exist throughout Illinois. Governors State delivers $80,391 in first-year earnings with similar debt. If your student is set on Millikin's smaller campus environment, understand they're accepting below-average Illinois nursing outcomesβ€”workable financially, but not the career launcher you'd hope for at this price point.

Where Millikin University Stands

Earnings vs. debt across all registered nursing, nursing administration, nursing research and clinical nursing bachelors's programs nationally

Earnings Distribution

How Millikin University graduates compare to all programs nationally

Earnings Over Time

How earnings evolve from 1 year to 4 years after graduation

School1 Year4 YearsGrowth
Millikin University$71,848$66,854-7%
Governors State University$80,391$97,713+22%
Rasmussen University-Illinois$74,861$82,469+10%
McKendree University$73,156$82,082+12%
Benedictine University$80,136$81,995+2%

Compare to Similar Programs in Illinois

Registered Nursing, Nursing Administration, Nursing Research and Clinical Nursing bachelors's programs at peer institutions in Illinois (41 total in state)

Scroll to see more β†’

SchoolIn-State TuitionEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Millikin UniversityDecatur$26,892$71,848$66,854$27,0000.38
Chamberlain University-IllinoisAddison$20,604$83,188$81,995$39,1460.47
Governors State UniversityUniversity Park$11,320$80,391$97,713$27,3420.34
Benedictine UniversityLisle$34,290$80,136$81,995$17,1880.21
Saint Xavier UniversityChicago$36,840$78,285$74,864$27,1880.35
Loyola University ChicagoChicago$51,716$76,869$77,492$27,0000.35
National Medianβ€”$74,888β€”$27,0000.36

Career Paths

Occupations commonly associated with registered nursing, nursing administration, nursing research and clinical nursing graduates

Nurse Anesthetists

Administer anesthesia, monitor patient's vital signs, and oversee patient recovery from anesthesia. May assist anesthesiologists, surgeons, other physicians, or dentists. Must be registered nurses who have specialized graduate education.

$132,050/yrJobs growth:Master's degree

Nurse Midwives

Diagnose and coordinate all aspects of the birthing process, either independently or as part of a healthcare team. May provide well-woman gynecological care. Must have specialized, graduate nursing education.

$132,050/yrJobs growth:Master's degree

Nurse Practitioners

Diagnose and treat acute, episodic, or chronic illness, independently or as part of a healthcare team. May focus on health promotion and disease prevention. May order, perform, or interpret diagnostic tests such as lab work and x rays. May prescribe medication. Must be registered nurses who have specialized graduate education.

$132,050/yrJobs growth:Master's degree

Medical and Health Services Managers

Plan, direct, or coordinate medical and health services in hospitals, clinics, managed care organizations, public health agencies, or similar organizations.

$117,960/yrJobs growth:Bachelor's degree

Registered Nurses

Assess patient health problems and needs, develop and implement nursing care plans, and maintain medical records. Administer nursing care to ill, injured, convalescent, or disabled patients. May advise patients on health maintenance and disease prevention or provide case management. Licensing or registration required.

$93,600/yrJobs growth:Bachelor's degree

Acute Care Nurses

Provide advanced nursing care for patients with acute conditions such as heart attacks, respiratory distress syndrome, or shock. May care for pre- and post-operative patients or perform advanced, invasive diagnostic or therapeutic procedures.

$93,600/yrJobs growth:Bachelor's degree

Advanced Practice Psychiatric Nurses

Assess, diagnose, and treat individuals and families with mental health or substance use disorders or the potential for such disorders. Apply therapeutic activities, including the prescription of medication, per state regulations, and the administration of psychotherapy.

$93,600/yrJobs growth:Bachelor's degree

Critical Care Nurses

Provide specialized nursing care for patients in critical or coronary care units.

$93,600/yrJobs growth:Bachelor's degree

Clinical Nurse Specialists

Direct nursing staff in the provision of patient care in a clinical practice setting, such as a hospital, hospice, clinic, or home. Ensure adherence to established clinical policies, protocols, regulations, and standards.

$93,600/yrJobs growth:Bachelor's degree

Nursing Instructors and Teachers, Postsecondary

Demonstrate and teach patient care in classroom and clinical units to nursing students. Includes both teachers primarily engaged in teaching and those who do a combination of teaching and research.

$83,980/yrJobs growth:
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.

Sample Size: Based on 69 graduates with reported earnings and 66 graduates with debt data. Small samples may not be representative.