Monmouth University

In 2022, Monmouth University's tuition was $44,098 a year.

Tuition increased 3.75% in 2023–from $42,504 the previous year. On average, college tuition rises about 3% year.

Remember, the total cost of tuition isn't the final cost for attending college. Many students owe way less than the sticker price after grants, scholarships, and tuition discounts are applied. Plus, student loans can make theactual cost of attending college more manageable until you've finishing school and found a job.

Monmouth University meets 70% of the demonstrated financial need for undergraduates. The average financial aid package for a full-time, first-year student at Monmouth University is around $32,864 a year.

Students in the class of 2023 who had taken out student loans graduated with an average of $36,587 of debt.

Does Monmouth University Offer In-State and Out-of-State Tuition?

Monmouth University is a private, nonprofit institution, which means it has the same tuition for students from New Jersey as it does for students who live in 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 an insitution where you qualify for in-state tuition can drastically reduce the cost of tuition, as well as loans and interest owed. 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 other criteria as well, depending on the state you and your parents currently live in.

Explore other New Jersey colleges

Do International Students Pay More to Go to Monmouth University?

Tuition at Monmouth University is the same for all students.

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 grants, scholarships, and other funding opportunities. International students with need may be eligible 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.

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Monmouth University Living Expenses, Fees, and More

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In addition to the cost of tuition, room and board, books, transportation and fees are also costs it consider when budgeting for college. Let's take a look at what impacts these costs, and what to expect at Monmouth University.

Room and Board Costs at Monmouth University

Room and board at Monmouth University costs $16,512 a year. This number covers the cost of living in dorms or other on-campus housing, and a dining plan that allows you to eat all or some of your meals the Monmouth University's on-campus cafeterias and dining halls.

Meal-plan costs may vary depending on how many meals are included in the plan you choose.

Cost of Books at Monmouth University

First-year students are sometimes surprised by how much books and supplies cost–and not in a good way. The real cost of books 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.

Yearly Fees

The majority of colleges also have fees to help cover the cost of facilties, like the computer labs and libraries, athletic facilities, and more.

There may be other costs associated with participating in special activities, like Greek Life, or playing on an intramural sports team. Most colleges have ways so that those who may struggle to participate because of cost can find ways to lower or eliminate these costs.

The Cost of Transportation at Monmouth University

The 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 easy to get around on foot? Do you plan to bring a car or are you planning to use public transportation? All of these factors can make a big difference in your transportation budget. At Monmouth University, freshman are allowed to park on campus.

Where are a college is located can also have a big effect on your transportation budget. 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 an urban area is often pricey, but cities may offer more buses, trains or low-cost flight options to actually get to school. The Monmouth University campus is in a suburb in New Jersey, near New York City and Philadelphia.

Other Costs

When budgeting for college, don’t forget to factor in the cost of things like entertainment, clothes, furnishings and toiletries.

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The Full Cost of Attending Monmouth University

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Now, let’s look at the breakdown of all expenses, to get a better estimate of the actual cost of attending Monmouth University.

How Much Does Monmouth University Cost?

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

2023 Total Tuition and Expenses
Tuition	$44,098
Room and Board	$16,512
Other expenses	$3,536

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

Total Estimated Costs
On-Campus	$65,898
Off-Campus	$49,386

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

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Financial Aid at Monmouth University

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The majority of Monmouth University undergrads use financial aid to help pay for school. In 2023, 2,586 of the 3,811 undergrads enrolled received financial aid. Monmouth University meets 70% of the demonstrated financial need for undergraduates.

The average financial aid package for a full-time, first-year student is around $32,864 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 $36,587 of student loan debt.

The average debt for each loan type varies.

Average Debt By Loan Type
Federal Loans	$25,152
State Loans	$73,932
Monmouth University-Specific Loans	$3,747
Private Loans	$29,831

Most Common Loans for Monmouth University Students
Federal Loans	74.1%
State loans	3.2%
Institutional Loans	0.1%
Private loans	24.7%

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.

Scholarships at Monmouth University

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 University awarded 1,980 need-based scholarships to students, giving away total of $64.4 million to help students with financial need cover the cost of school. An additional $15.8 million in merit-based scholarship money was awarded to students without demonstrated financial need.

Net Cost of Monmouth University

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 $32,864 in 2023. 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
On-Campus	$33,034
Off-Campus	$16,522

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 make more informed decisions about 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.

Monmouth University Tuition Payment Plans

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

Monmouth University does not have guaranteed tuition.

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

Monmouth University Tuition Waivers

Schools sometimes offer tuition waivers to certain groups, to make attending more affordable. 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 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.

Monmouth University'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 University's endowment was valued at $129.4 million in 2023, compared to a national average of $905 million. The school spends $12,384 for each full-time student enrolled.

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Learn More About Monmouth University

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