In 2021, tuition for full-time students at Monmouth College was $41,240 a year.
Tuition increased 9.47% in 2021–from $37,674 the previous year. On average, college tuition goes up about 3% every year.
If these numbers feel scary, remember, the total cost of tuition isn't necessarily what you will have to pay to attend a school. Many students owe way less than the total tuition after grants, scholarships, and tuition discounts are applied. Plus, student loans can make the amount you do have to pay out of pocket more manageable until after graduation.
Monmouth College is a private, religious institution, so it has the same tuition for students from Illinois as it does for residents from other states.
Public schools receive funds from the state to help them cover costs. These institutions offer a lower cost of attendance for those who qualify as Illinois residents.
Attending a school where you qualify for the reduced tuition offered to state residentscan drastically reduce the overall cost of college. Don't forget to check your state's eligibility criteria for in-state tuition. Each state has different requirements to qualify as in-state resident. Most states require students to have resided in the state for a certain period of time before qualifying. There may be additional requirements as well, depending on where you live.
Monmouth College has the same tuition for international students as for those from out of state.
International students usually do not qualify for for federal financial aid, but may be eligible for private or school-specific aid and scholarships.
International students without financial need may be eligible for merit-based institutional scholarships.
In addition to tuition, 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.
Room and board at Monmouth College is $9,908 a year. This number covers the cost of living in dorms or other on-campus housing, plus a meal plan that enables you to eat in the school dining halls.
Meal-plan costs may vary depending on how many meals are included in the plan you choose.
The cost of books often surprises first-year college students. The real cost of books 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 books from students who have already taken the course.
The majority of colleges charge some yearly fees to offsets cost associated with maintaining facilties, like the computer labs and libraries, athletic facilities, and more. Full-time undergrads at Monmouth College can expect to pay around $150 in fees each academic year.
Keep in mind, there could also be other costs associated with participating in certain activities, like joining a fraternity or sorority, or playing on an intramural sports team. Most colleges offer ways so that those with demonstrated need to find ways to lower or eliminate these costs.
The total cost of transportation 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 walkable? Do you own a car, or are you planning to use busses, subways, or other modes of transportation? All of these factors can make a big difference in your transportation budget. Keeping in mind, first-year students are allowed to park a car on campus.
Where are a college is located can also have a big effect on the amount you'll have to spend just to get around. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the other hand transportation in an urban area is sometimes expensive, but cities may offer more buses, trains and low-cost flight options to actually get to school. Monmouth Collegeis located in a small town setting in Illinois.
When budgeting for college, don’t forget to factor in the cost of things like going out to eat or see shows, furnishing your living space, and things like haircuts, clothes and, yes, even toilet paper and shampoo .
Now, let’s go over all of the costs we've covered, to get a better idea of what is really costs to go to Monmouth College.
|2021 Total Tuition and Expenses|
|Room and Board||$9,908|
|Total Estimated Costs|
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.
The majority of Monmouth College undergrads use financial aid to finance their education. In 2021, 728 of the 873 undergrads enrolled received financial aid. Monmouth College meets 90.8% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $38,288 a year. Around 77.4% 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 $29,767 of student loan debt.
The average debt for each loan type varies.
|Average Debt By Loan Type|
|Monmouth College-Specific Loans||$0|
|Most Common Loans for Monmouth College Students|
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.
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 2021, Monmouth College awarded 728 need-based scholarships to students, giving away total of $21 million to help students with financial need cover the cost of school. An additional $5.68 million in merit-based scholarship money was awarded to students without demonstrated financial need.
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 $38,288 in 2021. 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|
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 get a better idea of 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.
Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.
Students cannot pay tuition in installments. Contact the financial aid office to verify this and discuss options.
Schools sometimes offer tuition waivers to certain groups, to reduce the total cost of attendance. Some colleges offer tuition waivers for employees and their family members, underrepresented students, or military students. Even with a tuition waiver, students are usually responsible for housing, meal plans, and other expenses.
Check the financial aid website for more information on payment plans and tuition waivers.
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