Median Earnings (1yr)
$71,848
34th percentile (40th in IL)
Median Debt
$27,000
At national median
Debt-to-Earnings
0.38
Manageable
Sample Size
69
Adequate data

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 $66,854—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 outcomes—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

Millikin UniversityOther registered nursing, nursing administration, nursing research and clinical nursing programs

Programs in the upper-left quadrant (high earnings, low debt) offer the best value. Programs in the lower-right quadrant warrant careful consideration.

Earnings Distribution

How Millikin University graduates compare to all programs nationally

Millikin University graduates earn $72k, placing them in the 34th percentile of all registered nursing, nursing administration, nursing research and clinical nursing bachelors programs nationally.

Earnings Over Time

How earnings evolve from 1 year to 4 years after graduation

Earnings trajectories vary significantly. Some programs show strong early returns that plateau; others start lower but accelerate. Consider where you want to be at year 4, not just year 1.

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)

SchoolEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Millikin University$71,848$66,854$27,0000.38
Chamberlain University-Illinois$83,188$81,995$39,1460.47
Governors State University$80,391$97,713$27,3420.34
Benedictine University$80,136$81,995$17,1880.21
Saint Xavier University$78,285$74,864$27,1880.35
Loyola University Chicago$76,869$77,492$27,0000.35
National Median$74,888—$27,0000.36

Other Registered Nursing, Nursing Administration, Nursing Research and Clinical Nursing Programs in Illinois

Compare tuition, earnings, and debt across Illinois schools

SchoolIn-State TuitionEarnings (1yr)Debt
Chamberlain University-Illinois
Addison
$20,604$83,188$39,146
Governors State University
University Park
$11,320$80,391$27,342
Benedictine University
Lisle
$34,290$80,136$17,188
Saint Xavier University
Chicago
$36,840$78,285$27,188
Loyola University Chicago
Chicago
$51,716$76,869$27,000

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.