Nursing at Millikin University

Decatur, IL · Private nonprofit · Bachelor's Degree · Registered Nursing, Nursing Administration, Nursing Research and Clinical Nursing
74 /100
DegreeOutlook Score (Base Case) — assumes in-state tuition
74
Optimistic
74
Base Case
72
Pessimistic
Earnings $71,848/yr (-5% vs median)
AI Risk High (39% exposed)
Job Market Very Large (292,500 openings/yr)
ROI 6.9x earnings multiple (4.2x out-of-state)
Ranked #631 of 990 Registered Nursing & Nursing Administration programs

How AI Changes the Outlook

Three scenarios based on how aggressively AI disrupts the career paths available to Nursing graduates.

Optimistic
No Disruption
Base Case
Gradual AI
Pessimistic
Aggressive AI
10-Year Earnings $742K $740K $659K
Earnings Multiple (In-State) 6.9x 6.9x 6.1x
Earnings Multiple (Out-of-State) 4.2x 4.2x 3.8x
Probability of Field Employment 87% 86% 64%
DegreeOutlook Score 74 74 72

10-Year Earnings Projection

*Year 1 uses actual reported earnings. Scenarios diverge as AI impact compounds over time.

4-Year Tuition, In-State (Sticker)
$107,568
Out-of-state: $174,680 (4.2x ROI)
4-Year Net Price (After Aid)
$35,348
67% less than sticker · See by income
Median Debt at Graduation
$27,000
4.5 months of Year 1 earnings
Reported Earnings (5 Year)
$77,191
7% growth from Year 1

Program Analysis

Graduates earn $71,848/yr, roughly in line with the $75,273 national median for Nursing. The value proposition here depends on cost, not earnings.

The earnings-to-cost ratio of 6.9x signals a solid financial return — projected decade earnings comfortably exceed the tuition investment.

Some AI exposure exists in Nursing's typical career paths, with 39% of job tasks potentially affected. The pessimistic scenario still projects solid returns, with a 11% gap from the optimistic case.

With first-year pay of $71,848 far exceeding the $27,000 median debt, the payback timeline is measured in months, not years.

Ranked #631 of 990 Nursing programs, Millikin University falls below the median. Stronger options exist, though cost and location may compensate.

Five-year earnings of $77,191 are relatively flat compared to the $71,848 starting salary — typical of fields with stable but capped salary bands.

About Millikin University

A 54% admission rate makes Millikin University accessible to a wide range of qualified students, a smaller institution with 1,458 students in Decatur, IL. The average net cost of $35,348 over four years represents a 67% discount from published tuition.

See all programs and financial aid at Millikin University →

Top Career Paths

Nurse anesthetists $223,210/yr
Nurse practitioners $129,210/yr
Nurse midwives $128,790/yr
View all 6 career paths with salary ranges and AI risk →

Compare & Explore

Nursing at Other Schools

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Explore the Trade Alternative

Not every career requires a four-year degree. Trade programs in related fields can offer competitive salaries with a fraction of the student loan burden.

Frequently Asked Questions

What is the DegreeOutlook Score for Nursing at Millikin University?
This program scores 74/100 — a respectable number in isolation, but it ranks in the bottom half of Nursing programs nationally. The field is competitive, and stronger options exist.
Will AI replace Nursing careers?
With 39% of typical job tasks exposed to AI, this is one of the higher-risk fields. Our pessimistic scenario projects $659,019 in decade earnings vs $742,171 in the optimistic case — a meaningful gap.
Is Millikin University a hidden gem for Nursing?
After financial aid, the average student pays $35,348 over four years — 67% below the $107,568 sticker price. That gap makes the ROI significantly better than published tuition suggests.
Scores use College Scorecard earnings, BLS employment projections, and AI task-exposure research. See full methodology →