by our College Data Analytics TeamMost students will not be asked to pay the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The sum total of attendance at Monroe University can sound overwhelming, but bear in mind that many students get some type of financial aid.
Just what financial aid solutions can Monroe College deliver, and just what are you going to be eligible for? Keep reading for answers. Keep reading to find out how much school funding will be available to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. The information provided on this page can help you determine how much aid you may receive from Monroe University.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
At Monroe University, 93% of entering full-time freshmen got some type of financial assistance roughly 1055 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 92% | $15,550 |
| Institutional grants & scholarships | 79% | $9,005 |
| Federal Pell grants | 69% | $5,786 |
| State/local grants | 65% | $4,374 |
| Federal student loans | 38% | $5,458 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At Monroe College, some 74% of the undergraduate population received grant aid that averaged $11,830 (across roughly 4711 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 74% | $11,830 |
| Federal Pell grants | 55% | $5,980 |
| Federal student loans | 44% | $6,904 |
For students living on campus and receiving title-IV aid, grants averaged $13,763.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $9,883 |
| $30,001 – $75,000 | $9,721 |
| Over $75,000 | $15,178 |
Remember these are net prices — what families pay after gift aid, not before.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $14,522 |
| Off-campus title-IV students | $10,376 |
For a customized cost estimate, visit Monroe College’s official net price calculator: monroecollege.studentaidcalculator.com/survey.aspx.
Graduating students at Monroe College carry a median federal student debt of $12,672 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $12,672 |
| Median federal debt (graduates only) | $18,818 |
| Typical 10-year monthly payment (graduates) | $199.5/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
The numbers below show the full range, not just the middle of the distribution. The percentiles below describe the cumulative federal debt distribution for borrowers at Monroe College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,743 |
| 25th percentile | $5,500 |
| 75th percentile | $24,679 |
| 90th percentile (highest-debt students) | $35,130 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $12,165 |
| Middle income | $13,190 |
| High income | $14,750 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,650 |
| Continuing-generation students | $12,926 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $11,919 |
| Independent students | $14,257 |
The figure below distills the debt data into a single burden category for Monroe College.
Most undergraduate borrowing runs through the federal Stafford loan program. The annual Stafford volume below reflects program activity at Monroe College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 37625 |
| Total Stafford loan amount | $761,128,147 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 61 |
| Total GI Bill amount | $1,096,804 |
| Average GI Bill amount per recipient | $17,980 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.