Median Earnings (1yr)
$43,331
62nd percentile (40th in IL)
Median Debt
$27,340
5% above national median
Debt-to-Earnings
0.63
Manageable
Sample Size
43
Adequate data

Analysis

Something concerning happens to Millikin's teaching graduates between their first and fourth year in the profession—their median earnings drop 15% to just $37,019. That's a red flag in a field where salaries typically climb with experience and additional education credentials. While graduates start above the national median for teacher education programs, they end up earning roughly $7,000 less than the typical Illinois teaching graduate by year four. Among Illinois education programs, this ranks only in the 40th percentile despite Millikin's higher tuition costs.

The $27,340 debt burden is slightly above state averages, and when paired with those declining mid-career earnings, it creates a challenging financial picture. Teaching salaries in Illinois vary dramatically by district—the state's top programs place graduates earning $61,000 or more—suggesting Millikin may not be placing graduates in the higher-paying suburban districts where teacher compensation is strongest. The moderate sample size means these numbers are reasonably reliable, but the earnings trajectory deserves serious attention.

For families considering Millikin's education program, the key question is whether you're prepared for those fourth-year earnings of $37,000. If your child plans to teach in Illinois, exploring options that better connect to higher-paying districts—or even considering the state's public universities at lower cost—would be worth the conversation before committing to Millikin's price tag.

Where Millikin University Stands

Earnings vs. debt across all teacher education and professional development, specific levels and methods bachelors's programs nationally

Millikin UniversityOther teacher education and professional development, specific levels and methods 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 $43k, placing them in the 62th percentile of all teacher education and professional development, specific levels and methods 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

Teacher Education and Professional Development, Specific Levels and Methods bachelors's programs at peer institutions in Illinois (48 total in state)

SchoolEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Millikin University$43,331$37,019$27,3400.63
University of Illinois Chicago$60,917$52,881$16,7500.27
Loyola University Chicago$55,652—$25,0000.45
Elmhurst University$48,105$46,883$24,0640.50
University of Illinois Urbana-Champaign$48,038$45,096$19,5000.41
Wheaton College$47,714$44,810$25,0000.52
National Median$41,809—$26,0000.62

Other Teacher Education and Professional Development, Specific Levels and Methods Programs in Illinois

Compare tuition, earnings, and debt across Illinois schools

SchoolIn-State TuitionEarnings (1yr)Debt
University of Illinois Chicago
Chicago
$14,338$60,917$16,750
Loyola University Chicago
Chicago
$51,716$55,652$25,000
Elmhurst University
Elmhurst
$41,628$48,105$24,064
University of Illinois Urbana-Champaign
Champaign
$16,004$48,038$19,500
Wheaton College
Wheaton
$43,930$47,714$25,000

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 43 graduates with reported earnings and 45 graduates with debt data. Small samples may not be representative.