by our College Data Analytics TeamThe majority of students will never be charged 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 total price of attendance at Montclair State University can feel tremendous, but do not forget that almost all students receive some sort of financial help.
Just what financial aid solutions can Montclair State deliver, and just what are you going to be eligible for? Keep reading for answers. Keep going to discover just how much financial aid could be open to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Continue reading to find information to help you understand just how much assistance you can expect to receive from Montclair State University.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
Among first-time, full-time freshmen at Montclair State University, 92% of entering full-time freshmen got some type of financial assistance around 3681 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 84% | $12,341 |
| Institutional grants & scholarships | 59% | $3,896 |
| Federal Pell grants | 56% | $6,116 |
| State/local grants | 50% | $8,972 |
| Federal student loans | 43% | $5,182 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At Montclair State, about 67% of undergraduates were awarded grant or scholarship aid averaging $12,283 (across approximately 12016 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 67% | $12,283 |
| Federal Pell grants | 47% | $5,942 |
| Federal student loans | 41% | $6,360 |
Title-IV recipients living on campus saw average grant aid of $12,739.
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 | $9,860 |
| $30,001 – $75,000 | $13,136 |
| Over $75,000 | $22,686 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $15,566 |
| Off-campus title-IV students | $14,159 |
For an estimate tailored to your family circumstances, see Montclair State’s net price tool: montclair.studentaidcalculator.com/survey.aspx.
A typical borrower at Montclair State leaves with $17,500 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $17,500 |
| Median federal debt (graduates only) | $22,000 |
| Typical 10-year monthly payment (graduates) | $233.24/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. These percentiles trace how cumulative federal debt is spread among borrowers at Montclair State.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $8,750 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $34,000 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $17,250 |
| Middle income | $17,750 |
| High income | $17,125 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $17,400 |
| Continuing-generation students | $17,500 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $16,939 |
| Independent students | $19,000 |
These indicators are derived from the underlying debt data and summarize the overall picture at Montclair State.
Stafford loans make up the bulk of federal direct lending to undergraduates. The aggregate figures below show how active the program is at Montclair State:
| Metric | Value |
|---|---|
| Stafford loan recipients | 54030 |
| Total Stafford loan amount | $1,163,891,356 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 193 |
| Total GI Bill amount | $2,259,006 |
| Average GI Bill amount per recipient | $11,705 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 12 |
| Total DoD amount | $34,156 |
| Average DoD amount per recipient | $2,846 |
References
More about our data sources and methodologies.