by our College Data Analytics TeamThe majority of students are not billed the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The total cost of going to Monmouth University can seem tremendous, but do not forget that almost all students are given some form of financial help.
Just what financial assistance solutions will Monmouth deliver, and just what are you going to be eligible for? Read on for answers. Keep going to see what amount of financial assistance could be accessible to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Continue reading to find information to help you understand just how much assistance you can expect to receive from Monmouth University.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
For incoming first-year students at Monmouth University, 100% of first-year full-time students received aid of some kind around 973 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $29,233 |
| Institutional grants & scholarships | 99% | $24,403 |
| Federal Pell grants | 31% | $6,104 |
| State/local grants | 29% | $10,630 |
| Federal student loans | 62% | $5,273 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At Monmouth, about 98% of the undergraduate population received grant aid that averaged $27,929 (among about 3772 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 98% | $27,929 |
| Federal Pell grants | 30% | $6,149 |
| Federal student loans | 61% | $6,808 |
On-campus students receiving title-IV aid were awarded grants averaging $31,916.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $19,430 |
| $30,001 – $75,000 | $24,441 |
| Over $75,000 | $38,181 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $30,988 |
| Off-campus title-IV students | $31,650 |
For a customized cost estimate, visit Monmouth’s NPC: monmouth.studentaidcalculator.com/survey.aspx.
Graduating students at Monmouth carry a median federal student debt of $23,250 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $23,250 |
| Median federal debt (graduates only) | $27,000 |
| Typical 10-year monthly payment (graduates) | $286.24/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
Looking only at the median can be misleading because it hides the spread. Use the percentiles below to see the debt range at Monmouth.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $8,750 |
| 75th percentile | $27,600 |
| 90th percentile (highest-debt students) | $33,063 |
Median debt varies by family income, by first-generation status, and by dependency status.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $26,000 |
| Middle income | $24,500 |
| High income | $22,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $23,291 |
| Continuing-generation students | $23,250 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $23,250 |
| Independent students | $27,266 |
A handful of calculated indicators summarize the debt outlook at Monmouth.
Most undergraduate borrowing runs through the federal Stafford loan program. The annual Stafford volume below reflects program activity at Monmouth:
| Metric | Value |
|---|---|
| Stafford loan recipients | 21668 |
| Total Stafford loan amount | $559,505,141 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 47 |
| Total GI Bill amount | $962,036 |
| Average GI Bill amount per recipient | $20,469 |
References
More about our data sources and methodologies.