College Factual  by our College Data Analytics Team
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Can You Afford Monmouth University?

Concerned about paying for college? Take a look at Monmouth’s financial aid options, including grants, scholarships, and student loans, then calculate the net price based on your income level to determine if you can afford to attend this school.

2020 - 2021 Costs Between $24,598 and $60,629

Feeling a little stressed about paying $60,629 to attend Monmouth University each year? This number can be deceiving, and for many, the net price you pay will be less.

While there is no tuition reduction for New Jersey students, 99.3% of freshmen receive some form of financial aid, with the average amount totaling $23,789. Students from low-income families receive an average of $36,031 in aid during their first year.

Cost (no aid)

Tuition and fees$40,680
+ Room and board$14,942
+ Other expenses$5,007
Total cost$60,629
Affordability Score (8 out of 100)
more expensive
less expensive

Net Price (with average aid)

Total cost$60,629
- Grants and scholarships$23,789
Net price$36,840
Affordability Score (9 out of 100)
more expensive
less expensive

Average Net Price for Low Income Undergraduates

Total cost$60,629
- Grants and scholarships$36,031
Net price$24,598
Affordability Score (29 out of 100)
more expensive
less expensive

Learn more about tuition and fees, room, board and other expenses, and financial aid options at Monmouth.

Projected Costs Between $98,668 and $375,328 For a Four Year Degree. Between $49,294 and $181,591 For a Two Year Degree.

Looking at the total projected cost of a college education over the course of two / four (or more) years can feel a little overwhelming. However, doing so will help better prepare you for the financial commitment you are making.

The overall cost for on-campus students to attend Monmouth in 2020 - 2021 was $60,629. To calculate future costs, we looked at the prior five years of data and determined that this cost increased an average of 3.3% each year. If this trend continues, we expect the full cost for incoming freshmen to be $64,684 during their first year. By their senior year, that cost will be approximately $71,281 for a bachelor degree candidate ($66,812 for an associate degree candidate) for a total of $271,787 over the course of four years ($131,496 over the course of two years). These numbers do not take into consideration financial aid, which reduces this overall cost by varying amounts per student.

Remember, the full costs quoted above are not what most students will pay, and the net price varies quite a bit based on individual circumstances.

Average Net Price at Monmouth University

Cost With Interest

The tables below outlines how the overall degree net cost can vary depending on your situation. This table also highlights the impact student loans can have on the overall cost of college.

Projected 2-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*1.6%3.3%
Freshman year$24,637$38,036$64,684
Senior year$24,657$38,648$66,812
Total 2-year net price$49,294$76,684$131,496
10-year loan interest @ 6.8%$18,779$29,214$50,095
Total monthly payment$567$882$1,513
Total amount paid$68,074$105,898$181,591
Projected 4-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*1.6%3.3%
Freshman year$24,637$38,036$64,684
Senior year$24,697$39,903$71,281
Total 4-year net price$98,668$155,857$271,787
10-year loan interest @ 6.8%$37,589$59,376$103,541
Total monthly payment$1,135$1,794$3,128
Total amount paid$136,257$215,233$375,328

Visit net price and financial aid to learn more about the total cost of attending Monmouth University.

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