by our College Data Analytics TeamThe majority of college students don’t pay the full price for their education, as financial aid packages, including scholarships, grants, loans, and work-study opportunities, help to offset the costs.
Uncover the various financial aid options provided by Monmouth and determine which ones you may be eligible for by continuing your exploration.
$24,361.00 is the typical Monmouth University’s first year financial aid package. 99% of reshman students get financial aid, most of which is in the form of grants and scholarships
Student loans come included in financial aid packages, however, the only true discount off of the price of college is a grant or scholarship that you do not need to pay back.
Concerned about the student loans that might be part of your financing deal? Look at the average amount of debt per student at Monmouth University.
Colleges and universities offer institutional scholarships and grants as financial assistance to help students cover tuition fees and other educational costs. These awards, which do not require repayment, can be merit-based or need-based. Merit-based institutional scholarships recognize students who have exceptional academic records, special talents, or skills in particular areas. Eligibility for these scholarships often depends on factors such as a student’s high school performance, standardized test scores, or involvement in extracurricular activities. In contrast, need-based institutional grants are designed for students who show financial need. The amount awarded usually depends on the student’s family’s financial condition and aims.
The next numbers refer to grants and scholarships mainly supplied by the college itself.
99% of incoming freshmen (984 total) were given scholarships at Monmouth University, averaging $19,548.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 31% of freshmen (312 total) received a federal grant, for about $5,809.00 a person.
The following table displays scholarship and grant allocations by family income for freshman students receiving any kind of federal Title IV assistance, such as Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 15.49% | $37,790.00 |
| Income 30k-48k | 8.55% | $33,485.00 |
| Income 48k-75k | 8.85% | $27,585.00 |
| Income 75k-110k | 10.56% | $23,079.00 |
| Income 110k + | 29.88% | $18,360.00 |
The table above shows undergrads who are getting Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
985 Monmouth undergrads obtain grant aid (this is about 99% of the entire undergraduate student population). The average amount these students receive is $24,361.00.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.