Financial Aid

students outside

We are committed to working with families to find ways to manage the cost of tuition.

With student financial aid packages that include academic scholarships, loans, government assistance and student employment. The majority of Millikin students—99% of them—receive over $47 million in financial aid each year from a variety of sources. Financial aid at Millikin is awarded on the bases of academic merit, talent and financial need.

2024-25 FAFSA Details

On December 31, 2023, the U.S. Department of Education launched the 2024-25 Free Application for Federal Student Aid (FAFSA) as part of their soft launch. Before you file the FAFSA, we recommend reviewing the soft launch details at https://studentaid.gov/announcements-events/fafsa-support to learn what you can expect when filling out the form, including what's new for the 2024-25 year. 

On January 30, the U.S. Department of Education officially announced additional updates to the FAFSA process, including a delay in the transmission of the student FAFSA information to colleges and universities. Please continue reading below for important updates.

  • FAFSA information is now expected to be provided to schools in mid-March – more than a month later than expected. This delay is partially due to adjustments being made for the latest inflation data. This adjustment ensures that students will benefit from an additional $1.8 billion in federal aid.
  • Once Millikin receives the FAFSA data, our office will complete Financial Aid Awards for both new and current students.
  • Students will not miss out on any funding due to these delays.
  • If you have not already completed your FAFSA, we encourage you to do so now. Submit your FAFSA at fafsa.gov using Millikin's school code: 001724.

 

Frequently Asked Questions

In Millikin's Financial Aid FAQs you can find answers to many questions, including information about a negative amount due, when refunds are disbursed, what are authorized users and much more.