Monmouth College

In 2022, Monmouth College's tuition was $42,064 a year.

In 2023, tuition increased 2%–from $41,240 the prior year. On average, college tuition rises about 3% year.

If this information makes going to college sound impossible, remember, the total cost of tuition isn't necessarily what you will have to pay to attend a school. Many students find the actual cost of college is much less than the sticker price after grants, scholarships, and tuition discounts kick in. Plus, student loans can make theactual cost of attending college more manageable until after graduation.

Monmouth College meets 92.5% of the demonstrated financial need for undergraduates. The average financial aid package for a full-time, first-year student at Monmouth College is around $40,685 a year.

In 2020, students graduated with an average of $28,430 in student loans for each student with debt.

Monmouth College: In-state vs. Out-of-State Tuition

Monmouth College is a private, religious institution, which means it has the same tuition for residents of Illinois as it does for students who live in other states.

Public schools receive funds from the state to help them cover costs. Public insitutions often offer a lower cost of attendance for students who are residents of that state.

Attending a school where you are eligible for the reduced tuition offered to state residentscan save on the cost of tuition, as well as loans and interest owed. Be sure to confirm your state's eligibility criteria for as an in-state resident. Every state has its own rules about what makes someone eligible for in-state tuition. In many states, students must have lived in the state for 12 months before starting school to qualify for in-state tuition. There may be additional requirements too, depending on the state you and your parents currently live in.

Explore other Illinois colleges

Tuition for International Students at Monmouth College

Monmouth College has the same tuition for international students as for those from out of state.

Students from outside of the U.S. usually do not qualify for for federal financial aid, but may qualify for private or school-specific grants, scholarships, and other funding opportunities. International students with need may be eligible for the following types of financial support at Monmouth College:

•On-campus jobs •Monmouth College-specific scholarships

International students without financial need may be eligible for merit-based institutional scholarships.

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Monmouth College Room, Board, Fees, and More

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Tuition is not the only cost of attending college; there are other costs associated with college, like room and board, facility fees, and books and supplies. Let's take a look at what impacts these costs, and what to expect at Monmouth College.

House and Food Costs at Monmouth College

Room and board at Monmouth College is $10,209 a year. This number covers the cost of living in dorms or other on-campus housing, and a meal plan that enables you to eat in the Monmouth College's on-campus cafeterias and dining facilities.

Meal-plan costs vary based on on the number of meals you intend to eat on-campus

How Much Do Books Cost at Monmouth College?

First-year students are sometimes surprised by how much books and supplies cost–and not in a good way. The real cost of books and supplies depends on the courses you take and what kinds of books and materials they require. To save money, many students choose to use books from the library or buy used textbooks and materials.

Annual Fees

The majority of colleges also have fees to offsets cost associated with maintaining facilties, like the computer labs and libraries, athletic facilities, and more.

Keep in mind, there could also be additional fees associated with participating in special activities, like joining a fraternity or sorority, or participating in sports or other extracurriculars. Many schools have ways for students with demonstrated need to get help covering these costs.

The Cost of Transportation at Monmouth College

The total cost of getting around in college depends on a few key factors. Will you take a subway, car or an airplane to get to school? Is on-campus parking free, or will you need to budget for parking? Is the campus easy to get around on foot? Do you plan to bring a car or will you need to use public transportation? All of these factors can drastically impact your transportation budget. At Monmouth College, freshman are allowed to park on campus.

Where are a college is located can impact transportation costs. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the flip side, getting around in a city might be costly, but cities may offer more trains, busses and low-cost flight options to actually get to school. Monmouth Collegeis in a town in Illinois.

Other Costs

When estimating your budget for college, be sure to leave some room in your budget for personal expenses, like going out to eat or see shows, furnishing your living space, and things like haircuts, clothes and, yes, even toilet paper and shampoo.

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The Full Cost of Attending Monmouth College

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Now, let’s do a rundown of all of the costs associated with college, to get a better estimate of how much students can expect to shell out for Monmouth College.

How Much Does Monmouth College Cost?

What will the cost of attending Monmouth College be? Here is a breakdown of tuition and expenses.

2023 Total Tuition and Expenses
Tuition	$42,064
Room and Board	$10,209

The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.

Total Estimated Costs
On-Campus	$52,423
Off-Campus	$42,214

The breakdowns above provide a good estimate of the total cost of attendance before financial aid and scholarships. Tuition and fees may vary depending on program, course level, location, and more.

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Monmouth College Financial Aid

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The majority of Monmouth College undergrads use financial aid to help pay for school. In 2023, 654 of the 769 undergrads enrolled received financial aid. Monmouth College meets 92.5% of the demonstrated financial need for undergraduates.

The average financial aid package for a full-time, first-year student is around $40,685 a year. Around 80% of Monmouth College undergrads take out student loans to cover any remaining costs. Monmouth College graduates who have student loans graduate with an average of $28,430 of student loan debt.

The average debt for each loan type varies.

Average Debt By Loan Type
Federal Loans	$25,422
Private Loans	$19,631

Most Common Loans for Monmouth College Students
Federal Loans	80%
Private loans	12.3%

Most students take out institutional or government loans, because they tend to have lower interest rates and more flexible repayment options than private loans. Loans from the federal government can be subsidized or unsubsidized. Subsidized loans do not accrue interest during school, while unsubsidized loans begin accruing interest at the time the loan is issued. If students do no qualify for enough federal loans to cover the cost of tuition, some take out private loans. Parents can also take out ParentPLUS loans, which are government loans for parents who are helping their children pay for college.

The Free Application for Federal Student Aid (FAFSA) helps colleges determine how much financial need students and their familes have, so they can offer a financial aid package that meets, or come close to meeting, their need. For more information on Monmouth College financial aid, keep reading, or visit their financial aid website.

Scholarships at Monmouth College

Some students may receive grants and scholarships to help pay for college. Unlike loans, scholarships and grants do not have to be paid back.

In 2023, Monmouth College awarded 654 need-based scholarships to students, giving away total of $21.2 million to help students with financial need cover the cost of school. An additional $5.16 million in merit-based scholarship money was awarded to students without demonstrated financial need.

Net Cost of Monmouth College

The net price of college is the actual cost of attending a school for one year. Net cost is calculated by subtracting any scholarships, grants or other aid that does not need to be paid back from the total cost. Student loans are not part of the calculation, because they need to be repaid.

Now that we have a sense of the total estimated costs for Monmouth College students, we can subtract the average financial aid package to find the estimated net cost. Net cost can vary depending on a students’ need and the financial aid award received.

When considering whether a school fits your budget, it is important to consider the estimated net cost, not just the sticker price of tuition. Often, schools with the highest tuition also offer the most generous aid packages, so estimate your net cost before eliminating a school because it does fit your budget.

The average amount of financial aid received by a full-time first year student with demonstrated need at Monmouth College was $40,685 in 2023. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Monmouth College seem more manageable.

Estimated Net Cost for Full-Time Students
On-Campus	$11,738
Off-Campus	$1,529

What will attending Monmouth College really cost you? The answer depends on several factors.

As of 2011, colleges are required to have a net price calculator on their website to help prospective students and their families make more informed decisions about the actual cost of attending that school, based on their financial situation. You can find the Monmouth College's net cost calculator on their website.

Monmouth College Tuition Payment Plans

Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.

Monmouth College does not have guaranteed tuition.

Monmouth College offers an Installment Payment Plan, which allows students to pay tuition in a series of smaller chunks instead of one lump sum.

Monmouth College Tuition Waivers

Schools sometimes offer tuition waivers to certain groups, to offset the cost of attending. Some colleges offer tuition waivers for employees and their family members, underrepresented students, or military students. Even if you qualify for a waiver, other expenses and fees are the responsibility of the student.

Monmouth College has some full or partial tuition waivers available for: - Employees or Children of Employees

Check the financial aid website for more information on payment plans and tuition waivers.

Monmouth College's Endowment

An endowment is the total value of a school's investments, donations, and assets. Endowment is not necessarily an indicator of the quality of a school, but it can give you a sense of how much money a college can afford to invest in expanding programs, improving facilities, and supporting students.

Monmouth College's endowment was valued at $122.6 million in 2023, compared to a national average of $905 million. The school spends $17,275 for each full-time student enrolled.

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Learn More About Monmouth College

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Click below to find out more about the admissions requirements and deadlines, student life, academics, majors and more.

Overview

Student Life

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Admissions

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