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Monmouth University Tuition & Cost

West Long Branch, New Jersey

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How much does it cost to attend?

Sticker Price
$60,629
Costs for Monmouth University
Fee Cost
Tuition$39,968
Books and Supplies$1,000
Other Fees$712
Room and Board $14,942
Other Expenses Budget$4,007

Annual Prices

The annual list price to attend Monmouth University on a full time basis for 2020/2021 is $60,629 for all students regardless of their residency. This fee is comprised of $39,968 for tuition, $14,942 room and board, $1,000 for books and supplies and $712 for other fees. Out of state tuition for Monmouth University is $39,968, the same as New Jersey residents.

All price data is sourced from the 2020/2021 U.S. Department of Education National Center for Education Statistics survey.

Net Price

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

Average Net Price 2019/2020
$31,594
Net Price by Income Monmouth University
Family Income Net Price Paid
$0 to $30,000$18,108
$30,001 to $48,000$22,413
$48,001 to $75,000$28,313
$75,001 to $110,000$32,819
$110,000+$37,538

The average reported annual net price for Monmouth University for students receiving grants or scholarship aid was $31,594 in 2019/2020. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

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Financial Aid

99% of full-time undergrad Monmouth University received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $24,361 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 72% of students received Federal Student Loans averaging $4,947 and 4% of undergrads took out private student loans averaging $13,490.

Finanical Aid Monmouth University
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $24,361 99%
Institutional Grants and Scholarships $19,548 99%
Pell Grants $5,139 31%
Other Federal Grants $1,059 21%
State and Local Grants $9,637 31%
Federal Student Loans $4,947 72%
Other Student Loans $13,490 4%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Monmouth University, we've modeled a ten year student loan with an original principal value of $100,668. The loan balance of $100,668 is a four year multiple of the $25,167 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 $960 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 2.75%.

Example Loan $100,668
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $960.48
Total Interest Paid $14,590.05
Sum of All Loan Payments $115,258.05

Projected 4 Year Degree Price

4 Year Sticker Price
$242,516
Year All Residents
1 $60,629
2 $63,176
3 $65,831
4 $68,597

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Monmouth University to be $242,516 - assuming graduation in normal time. The estimation assumes a 4.2% 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 University
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $1,157 $3,471 $4,628

Estimated cost for a class at Monmouth University 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 University versus other colleges.

Tuition Payment Plans Available

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

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=185572 IPEDS survey data for Monmouth University.