Head-to-head comparison
Millikin University vs Eureka College: which has better ROI?
Option A Decatur, IL
Millikin University
- Net price / year
- $21,989
- Earnings, 10 years
- $51,262
- Payback
- 30.3 yrs
Option B Eureka, IL
Eureka College
- Net price / year
- $17,349
- Earnings, 10 years
- $51,641
- Payback
- 21.2 yrs
Eureka College has the better ROI: it clears its 4-year net cost of $69,396 in 21.2 years versus 30.3 years at Millikin University, on median earnings of $51,641 vs $51,262 ten years out. (Scorecard, 2026 · our math.)
| Measure | Millikin University | Eureka College |
|---|---|---|
| Net price / yr | $21,989 | $17,349 |
| Total net cost | $87,956 | $69,396 |
| Median earnings, 10 yrs | $51,262 | $51,641 |
| Median debt | $27,000 | $23,250 |
| Payback | 30.3 yrs | 21.2 yrs |
| 20-year net return | -$29,916 | -$3,776 |
College Scorecard (2026), institution-level · payback and returns are our math. Figures blend all majors.
The short answer
Which is cheaper, Millikin University or Eureka College?
Eureka College, at $17,349 a year after aid versus $21,989 — a gap of $4,640 a year, or $18,560 across the full degree. These are net prices after grants and scholarships, not sticker prices, so they reflect what an aided student pays.
The short answer
Do Millikin University or Eureka College graduates earn more?
Eureka College graduates report a median $51,641 ten years after entry, $379 more than the $51,262 at Millikin University. Both are institution-wide medians from federal tax records, so a high-paying major at the lower school can beat the average at the higher one.
The short answer
Which leaves students with less debt, Millikin University or Eureka College?
Eureka College: its completers carry a median $23,250 in federal loans versus $27,000 at Millikin University, a difference of $3,750. The figure counts students who finished; it excludes private loans and anyone who left before graduating.
The short answer
Which graduates more of its students?
55% of students finish at Millikin University, against 42% at Eureka College. Completion matters to the ROI arithmetic because a degree that is never finished still carries its cost and its debt, but earns none of the graduate premium above the $48,360 high-school baseline.