Student Loans for Millikin University Students

About Millikin University Financial Aid

Founded in 1901, Millikin University is a coeducational, independent 4-year university. Spread across a scenic 75-acre campus in Decatur, Illinois, the university is one of the most prestigious in the region. Millikin offers undergraduate programs in Arts & Sciences, Business, Fine Arts, Professional Studies, Business Administration and Nursing. More than 2300 students are enrolled at Millikin University today.

Millikin University Financial Aid

Millikin University recognizes the value of investing in education and is committed to helping students and families find the aid packages that suit their needs. 99 percent of the students at Millikin receive some sort of financial assistance, with $32 million in aid being awarded every year. Most financial aid packages are a combination of need and merit-based aid and usually combine scholarships or other institutional awards with education grants or federally-backed student loans.

In order to apply for Millikin financial aid, students must fill out the Free Application for Federal Student Aid, or FAFSA. The FAFSA can be accessed online at and is used to determine the type and amount of aid a student is eligible for.

Millikin financial aid packages include merit-based scholarships, which are awarded based on academic history, special talents and skills, extra-curricular involvement, or a combination of these. The university also sponsors a number of education grants that are awarded based on need. Students can also apply for government-backed grants such as Pell Grants and Federal Supplemental Educational Opportunity Grants (SEOG).

Millikin University Financial Aid also includes government sponsored loans such as Perkins, Stafford and Direct PLUS Loans. These loans can be borrowed at low rates of interest and come with favorable repayment terms. The university also has an on-campus employment program, which allows students to work part-time and use their earnings for personal and education related expenses.

Private Student Loans and Millikin University

Government sponsored and institutional awards may not always cover your educational expenses and if you need additional funds, you may want to consider a private student loan. By using the free Student Loan Comparison Tool on our website, you can view key features of different alternative loans on offer and use this information to select the loan that best matches your financial situation.

Pay for Millikin University*

Total Avg. Cost $38,916
Tuition $27,525
Room & Board $8,291
Financial Aid Information
Students Receiving Fin Aid 100%
Typical Grant Amounts
State/Local $4,829
Federal $4,809
%Receiving Loans 78%
Avg. Other Stud. Loans $7,029
%Receiving Other Loans 9%

Get into Millikin University

Admission Rate 58%
Total Enrollment 2,328
Men 39%
Women 61%
Graduation Rate 59%
Application Fee $

Contact Millikin University

1184 W Main St
Decatur, IL 62522-2084(217) 424-6211
Financial Aid Office URL
Admissions Office URL

*Data source is the Integrated Postsecondary Education Data System (IPEDS) the data collection program for the National Center for Education Statistics