by our College Data Analytics TeamMany students are not billed the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The sum total of attendance at Monmouth College can sound overpowering, but remember that the majority of students get some type of financial assistance.
What financial aid options can Monmouth offer you, and what will you qualify for? Keep reading for more information. Keep scrolling to find out what amount of financial assistance will be accessible to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Use the information below to understand how much financial assistance you may get from Monmouth College.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For freshmen starting at Monmouth College, 100% of entering full-time freshmen got some type of financial assistance roughly 211 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $39,324 |
| Institutional grants & scholarships | 99% | $33,290 |
| Federal Pell grants | 44% | $5,661 |
| State/local grants | 41% | $8,432 |
| Federal student loans | 77% | $5,739 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. Here, roughly 100% of undergrads got grants or scholarships worth on average $37,183 (for some 726 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $37,183 |
| Federal Pell grants | 37% | $5,447 |
| Federal student loans | 75% | $6,650 |
For students living on campus and receiving title-IV aid, grants averaged $40,024.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $13,486 |
| $30,001 – $75,000 | $15,091 |
| Over $75,000 | $21,196 |
Each figure is the net price after grants and scholarships, not the published sticker price.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $17,133 |
| Off-campus title-IV students | $18,034 |
For an estimate tailored to your family circumstances, see Monmouth’s NPC: www.monmouthcollege.edu/offices/student-financial-planning/cost-calculator/.
A typical borrower at Monmouth leaves with $20,000 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $20,000 |
| Median federal debt (graduates only) | $27,000 |
| Typical 10-year monthly payment (graduates) | $286.24/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
Looking only at the median can be misleading because it hides the spread. The four reference points below map the debt distribution at Monmouth.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,250 |
| 25th percentile | $8,750 |
| 75th percentile | $28,000 |
| 90th percentile (highest-debt students) | $37,500 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $20,500 |
| Middle income | $17,272 |
| High income | $21,750 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $20,000 |
| Continuing-generation students | $19,907 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $20,000 |
| Independent students | $24,371 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Monmouth.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The totals below capture Stafford lending at Monmouth:
| Metric | Value |
|---|---|
| Stafford loan recipients | 4981 |
| Total Stafford loan amount | $82,016,808 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 4 |
| Total GI Bill amount | $95,321 |
| Average GI Bill amount per recipient | $23,830 |
References
More about our data sources and methodologies.