Median Earnings (1yr)
$43,936
57th percentile (40th in IL)
Median Debt
$27,000
3% above national median
Debt-to-Earnings
0.61
Manageable
Sample Size
41
Adequate data

Analysis

Millikin's subject-specific teaching program produces graduates who earn slightly above the national median but trail Illinois peers by about $1,700—landing in just the 40th percentile statewide. With first-year earnings around $44,000 and manageable debt of $27,000, new teachers can handle their loans on a starting salary. The debt-to-earnings ratio of 0.61 is better than many education programs nationally, thanks in part to that below-average debt burden.

The concern here is stagnation: earnings actually dip slightly by year four rather than growing with experience and advanced teaching credentials. While this modest decline could reflect sample timing or district pay structures, Illinois teachers at higher-performing programs like Northeastern Illinois or Southern Illinois University-Carbondale earn $10,000-$20,000 more annually, suggesting Millikin graduates may face placement challenges or land in lower-paying districts. For context, the state's top programs typically cluster in urban areas or larger school systems with stronger salary schedules.

For an Illinois family, this program offers a solid entry point into teaching without crushing debt, but parents should recognize their graduate will likely earn below what peers from other state universities command. If your child is committed to teaching in Illinois and has strong relationships with specific school districts through Millikin's network, the manageable debt makes this workable. However, comparing job placement rates and typical hiring districts against state flagship options would be wise before committing.

Where Millikin University Stands

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

Millikin UniversityOther teacher education and professional development, specific subject areas 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 $44k, placing them in the 57th percentile of all teacher education and professional development, specific subject areas 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 Subject Areas bachelors's programs at peer institutions in Illinois (43 total in state)

SchoolEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Millikin University$43,936$42,831$27,0000.61
Northeastern Illinois University$63,615$25,2500.40
Southern Illinois University-Carbondale$54,215$60,744$21,1820.39
North Central College$48,074$27,0000.56
University of Illinois Chicago$47,292$56,110$17,1250.36
University of Illinois Urbana-Champaign$46,897$47,132$21,5000.46
National Median$43,082$26,2210.61

Other Teacher Education and Professional Development, Specific Subject Areas Programs in Illinois

Compare tuition, earnings, and debt across Illinois schools

SchoolIn-State TuitionEarnings (1yr)Debt
Northeastern Illinois University
Chicago
$12,383$63,615$25,250
Southern Illinois University-Carbondale
Carbondale
$13,244$54,215$21,182
North Central College
Naperville
$44,394$48,074$27,000
University of Illinois Chicago
Chicago
$14,338$47,292$17,125
University of Illinois Urbana-Champaign
Champaign
$16,004$46,897$21,500

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 41 graduates with reported earnings and 41 graduates with debt data. Small samples may not be representative.