In 2022, Monmouth University's tuition was $42,504 a year.
In 2022, tuition increased 3.75%–from $40,968 the previous year. On average, colleges raise tuition about 3% each 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 pay a lot less than the total tuition after grants, scholarships, and tuition discounts kick in. And, student loans can make theactual cost of attending college more manageable until you've finishing school and found a job.
Monmouth University is a private, nonprofit institution, which means it has the same tuition for residents of New Jersey as it does for residents from other states.
Public schools receive funds from the state to help them cover costs. Public, state schools can offer lower tuition for students who meet the requirements for in-state residency.
Choosing a college where you qualify for in-state tuition can cut the cost of college tuition. Don't forget 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 as well, depending on the state you and your parents currently reside in.
Explore other New Jersey colleges
Monmouth University has the same tuition for international students as for those from out of state.
Students from outside of the U.S. are not eligible for loans or grants from the U.S. government, but should research private or Monmouth University-specific aid and scholarships. International students who demonstrate financial need may qualify for the following types of financial support at Monmouth University:
•On-campus jobs •Loans from outsideMonmouth University •Monmouth University-specific loans •Athletic Awards •Monmouth University-specific scholarships •International Students Tuition Waivers
International students without financial need may be eligible for merit-based institutional scholarships and athletic awards.
In addition to tuition, room and board, books, transportation and fees are also costs it consider when planning for college. Let's take a look at what impacts these costs, and what to expect at Monmouth University.
Room and board at Monmouth University is $15,656 a year. This number includes the cost of living in dorms or other on-campus housing, plus a dining plan that allows you to eat all or some of your meals the school dining facilities.
Meal-plan costs may vary depending on the numnber of meals you intend to eat on-campus
The cost of books often surprises first-year college students. The real cost of books and supplies depends on the courses you take and the materials required. To save money, many students choose to use books from the library or buy used textbooks and materials.
Most schools charge some yearly fees to offsets cost associated with maintaining facilties, like the library, gym and computer labs.
Keep in mind, there could also be optional fees associated with participating in certain activities, like Greek Life, or playing on an intramural sports team. Many schools have resources so that those who may struggle to participate because of cost can find ways to lower or eliminate these costs.
The total cost of getting around in college can really vary. Will you take a subway, car or an airplane to get to school? Will you need to pay to park on-campus? Is the campus walkable? Do you plan to bring a car or will you need to use public 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.
The location of a college or university can also have a big effect on transportation costs. 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 might be expensive, but cities may offer more buses, trains and low-cost flight options to actually get to school. The Monmouth University campus is located in a suburban setting in New Jersey, not far from New York City and Philadelphia.
When you're planning for college, be sure to consider personal expenses, like entertainment, clothes, furnishings and toiletries.
Now, let’s look at the breakdown of all expenses, to get a better idea of the actual cost of attending Monmouth University.
What will the cost of attending Monmouth University be? Here is a breakdown of tuition and expenses.
|2022 Total Tuition and Expenses|
|Room and Board||$15,656|
The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.
|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.
Monmouth University’s tuition and fees change based on: •Course load for part-time students
The majority of Monmouth University undergrads use financial aid to finance their education. In 2022, 2,789 of the 4,080 undergrads enrolled received financial aid. Monmouth University meets 73.8% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $35,114 a year. Around 75% of Monmouth University undergrads take out student loans to cover any remaining costs. Monmouth University graduates who have student loans graduate with an average of $35,563 of student loan debt.
The average debt for each loan type varies.
|Average Debt By Loan Type|
|Most Common Loans for Monmouth University 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 University 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 2022, Monmouth University awarded 2,087 need-based scholarships to students, giving away total of $66.8 million to help students with financial need cover the cost of school. An additional $15.07 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 University 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 University was $35,114 in 2022. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Monmouth University seem more manageable.
|Estimated Net Cost for Full-Time Students|
What will attending Monmouth University 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 University'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.
Monmouth University offers an Installment Payment Plan, which allows students to pay tuition in a series of smaller chunks instead of one lump sum.
Schools sometimes offer tuition waivers to certain groups, to make attending more affordable. Some schools offer tuition waivers for faculty, staff, and their families , underrepresented students, or military students. Even if you qualify for a waiver, students are usually responsible for housing, meal plans, and other expenses.
Monmouth University has some full or partial tuition waivers available for: - International Students - Employees or Children of Employees
Check the financial aid website for more information on payment plans and tuition waivers.
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