Millsaps College — ROI, Cost & Payback
Millsaps College charges a net price of $26,034/yr after aid — a 4-year total of $104,136. Graduates earn a median $53,848 ten years after entry, $5,488/yr above the $48,360 high-school baseline, clearing the total in 19 years — a 20-year net return of $5,624, a slow but positive payback. (Scorecard, 2026 · our math.)
Millsaps College's 19-year payback ranks #1,043 of 1,280 US colleges we track — better ROI than 19% of them, and #1 of 32 in Mississippi.
| Measure | Value | Source |
|---|---|---|
| Net price (after aid) | $26,034/yr | Scorecard, 2026 |
| Total net cost (4 yrs) | $104,136 | our math |
| Median earnings, 10 yrs after entry | $53,848 | Scorecard, 2026 |
| Earnings premium over HS baseline | $5,488/yr | our math |
| Median debt (completers) | $27,000 | Scorecard, 2026 |
| Payback | 19 yrs | our math |
| 20-year net return | $5,624 | our math |
College Scorecard (2026 release), institution-level · payback and returns are our math.
The arithmetic, on Millsaps College's own numbers. Net price $26,034 × 4 years = $104,136 total. Median earnings $53,848 − the $48,360 high-school baseline = $5,488 a year of premium. $104,136 ÷ $5,488 = 19 years to break even; twenty years of that premium minus the cost leaves $5,624. Future dollars are not discounted, and the earnings figure blends every major here — your programme can beat or miss it. Full method.
How much debt do Millsaps College students graduate with?
A median $27,000 in federal loans among completers, or 50% of the $53,848 its graduates earn ten years out — our math. The figure excludes private loans and students who left before finishing.
What share of Millsaps College students graduate?
57% finish their degree — 43% leave carrying the cost without the credential. Spread the $104,136 bill across that completion rate and the cohort pays $182,695 per graduate produced — our math, and the figure a payback number never shows.
Is Millsaps College expensive compared with other Mississippi colleges?
Its $26,034 net price runs $17,020 above the $9,015 median across the 32 Mississippi colleges we profile, or $68,078 more across the full degree.