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Monday, July 14, 2025

Report: 8.2% of Millikin University students repaying loans are in default

Collegeclassroom03

Out of 719 Millikin University students repaying loans in 2015, 59 were in default, according to the latest disclosure from the U.S. Department of Education.

That gives the four-year private school in Decatur a default rate of 8.2 percent for that year – 2.7 percentage points higher than in 2014 and 1.5 points higher than in 2013.

Millikin University had 18 more students in default in 2015 than in 2014 and 11 more than in 2013.

How many students are in default at Millikin University?
Year
School enrollment
Total students in default
2015
2,468
59
2014
2,623
41
2013
2,624
48

Millikin University default rates by year
Year
Students in default
Students in repayment
Default rate
2015
59
719
8.2
2014
41
738
5.5
2013
48
708
6.7

Source for all tables: U.S. Department of Education

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