Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 1,899, which is 92.89 % of all undergraduate students. 1,423 students which is 69.44% of undergraduate students received federal student loans and the average loan amount is $7,608.

For full-time, first-time beginning students (freshmen), 99.78% of students received grants or scholarships and 74% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table shows the trends of financial aid for all undergraduate students at Millikin University since 2013.

For that period, the average number of students who received grants aid/scholarships is 1,899, which is 92.89 % of all undergraduate students. 1,423 students which is 69.44% of undergraduate students received federal student loans and the average loan amount is $7,608.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-142,014 (94%)$18,465864 (40%)$4,1831,637 (76%)$7,628
2014-151,993 (94%)$18,565887 (42%)$4,2001,601 (76%)$7,573
2015-161,926 (93%)$18,996836 (41%)$4,2431,489 (72%)$7,530
2016-171,892 (92%)$19,608761 (37%)$4,2221,476 (72%)$7,861
2017-181,865 (91%)$21,417762 (37%)$4,3961,423 (70%)$7,894
2018-191,912 (91%)$23,330785 (37%)$4,5371,412 (67%)$7,710
2019-201,930 (93%)$25,802754 (36%)$4,5981,365 (65%)$7,429
2020-211,856 (94%)$27,928679 (34%)$4,9071,283 (65%)$7,740
2021-221,700 (94%)$28,498639 (35%)$4,9271,118 (62%)$7,109
Average1,899 (92.89%)$22,512774 (37.67%)$4,4681,423 (69.44%)$7,608
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

For the last 10 years, on average, 445 (99.78 % of students) received grants or scholarships and its average amount is $25,344. It can cover 58.17% of tuition & fees ($43,570).

In addition, 331 (74.11 % of students) students get helped from the students loans (average amount : $7,678).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14446 (99%)$20,334359 (80%)$7,807
2014-15476 (100%)$19,632389 (82%)$8,113
2015-16419 (100%)$21,294326 (78%)$7,797
2016-17444 (99%)$23,312337 (75%)$8,642
2017-18474 (100%)$24,614355 (75%)$8,128
2018-19468 (100%)$26,735340 (73%)$7,297
2019-20486 (100%)$29,450340 (70%)$7,050
2020-21387 (100%)$32,198262 (68%)$7,069
2021-22409 (100%)$30,528270 (66%)$7,197
Average445 (99.78%)$25,344331 (74.11%)$7,678
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 180 (40.44 % of students) received Pell (federal) grants and its average amount is $4,557.

In addition, 164 students received State/local government grants/scholarships (36.67 % of students).

Year Federal (Pell) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14189 (42%)$4,27642 (9%)$1,448188 (42%)$4,558446 (99%)$16,464
2014-15209 (44%)$4,23181 (17%)$1,029192 (40%)$4,326476 (100%)$15,854
2015-16187 (45%)$4,45060 (14%)$1,108177 (42%)$4,312419 (100%)$17,328
2016-17174 (39%)$4,20468 (15%)$651188 (42%)$4,338444 (99%)$19,728
2017-18196 (41%)$4,657128 (27%)$401172 (36%)$4,564474 (100%)$20,924
2018-19186 (40%)$4,597108 (23%)$555159 (34%)$4,551468 (100%)$23,233
2019-20182 (37%)$4,596102 (21%)$492156 (32%)$4,763486 (100%)$26,097
2020-21153 (40%)$4,94175 (19%)$573126 (33%)$5,091387 (100%)$28,476
2021-22148 (36%)$5,05991 (22%)$693120 (29%)$5,319409 (100%)$26,982
Average180 (40.44%)$4,55784 (18.56%)$772164 (36.67%)$4,647445 (99.78%)$21,676
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.

For the last 10 years, on average, 331 (74.11 % of students) get any students loan help and its average loan amount is $331.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14359 (80%)$7,807359 (80%)$6,70532 (7%)$12,366
2014-15389 (82%)$8,113389 (82%)$6,92341 (9%)$11,290
2015-16326 (78%)$7,797324 (77%)$6,75427 (6%)$13,095
2016-17337 (75%)$8,642332 (74%)$6,93343 (10%)$14,202
2017-18355 (75%)$8,128353 (74%)$6,69237 (8%)$14,138
2018-19340 (73%)$7,297338 (72%)$5,75446 (10%)$11,658
2019-20340 (70%)$7,050337 (69%)$5,50550 (10%)$10,832
2020-21262 (68%)$7,069257 (66%)$5,64033 (9%)$12,206
2021-22270 (66%)$7,197267 (65%)$5,75228 (7%)$14,550
Average331 (74.11%)$7,678328 (73.22%)$6,29537 (8.44%)$12,704

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