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Monmouth, Illinois

Monmouth College Tuition & Cost

How much does it cost to attend?

Sticker Price
$47,970
Costs for Monmouth College
Fee Cost
Tuition$36,400
Books and Supplies$1,200
Other Fees$0
Room and Board $8,620
Other Expenses Budget$1,750

Annual Prices

The annual list price to attend Monmouth College on a full time basis for 2017/2018 is $47,970 for all students regardless of their residency. This fee is comprised of $36,400 for tuition, $8,620 room and board, $1,200 for books and supplies and $0 for other fees. Out of state tuition for Monmouth College is $36,400, the same as Illinois residents.

All price data is sourced from the 2017/2018 U.S. Department of Education National Center for Education Statistics survey.

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Net Price

Net price is indicative of what it actually costs to attend Monmouth College when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2017/2018
$18,467
Net Price by Income Monmouth College
Family Income Net Price Paid
$0 to $30,000$12,912
$30,001 to $48,000$13,150
$48,001 to $75,000$15,573
$75,001 to $110,000$18,610
$110,000+$22,965

The average reported annual net price for Monmouth College for students receiving grants or scholarship aid was $18,467 in 2017/2018. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

Financial Aid

Finanical Aid Monmouth College
Type Avg./Student Students Receiving
Annual Total Grant Aid $27,809 100%
Pell Grant $4,582 37%
Federal Student Loan $6,148 70%

The average reported annual net price for Monmouth College for students receiving grants or scholarship aid was $18,467 in 2017/2018.

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Monmouth College, we've modeled a ten year student loan with an original principal value of $59,172. The loan balance of $59,172 is a four year multiple of the $14,793 average net price. This is a estimate of what you could owe upon graduation if you were to qualify for average financial aid and what a degree really may cost. Should you not qualify for financial aid, you may owe significantly more when you graduate. Based on these assumptions, a monthly repayment of $618 could be required to satisfy your student loan.

Please note that financial aid is not guaranteed and is only available for qualifying students. Federal Student Loans are not grants and must be repaid with interest. The current Stafford loan interest rate is 4.7%.

Example Loan $59,172
Stafford Loan Interest Rate 4.7%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $617.82
Total Interest Paid $14,966.78
Sum of All Loan Payments $74,138.78

Projected 4 Year Degree Price

4 Year Sticker Price
$191,880
Year All Residents
1 $47,970
2 $49,845
3 $51,793
4 $53,817

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Monmouth College to be $191,880 - assuming graduation in normal time. The estimation assumes a 3.9% annual increase over the next 4 years which has been the recent trend for this school.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Monmouth College
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $1,133 $3,399 $4,532

Estimated cost for a class at Monmouth College based on published credit hour prices. Note that not all schools allow single class enrollment. These prices should be used for comparison purposes as to how much it may cost to take a class at Monmouth College versus other colleges.

Tuition Payment Plans Available

Monmouth College Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan Yes
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=147341 IPEDS survey data for Monmouth College.