by our College Data Analytics TeamThe total cost of attendance at Monroe College can seem overwhelming, but remember that the majority of students receive some sort of financial assistance. This could be in the form of scholarships, grants, work-study, or loans.
However, some types of financial aid are definitely more desireable than others, and some students will receive more aid than others.Find out more by scrolling down the page.
Monroe College average financial aid offer for freshmen students is $12,251.00. Financial aid is provided to about 100% of first-year students, with the bulk of support coming in the form of grants and scholarships.
Financial aid helps decrease the expense, or the “sticker” price of the school. But keep in mind that the only real discounts off the cost of college are in the form of grants and scholarships.
Worried about the student loans that might be part of a financing offer? View the average amount of debt per student at Monroe College.
As well as scholarships, 84% of freshmen (1043 total) obtained a federal grant, for about $5,341.00 a piece.
The stats and the chart following pertain to primarily grants from federal sources, plus some local and state grants.
84% of first years at Monroe College (1043 total) obtained a federal grant, averaging $5,341.00.
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 | 54.92% | $12,522.00 |
| Income 30k-48k | 20.02% | $12,674.00 |
| Income 48k-75k | 9.53% | $10,449.00 |
| Income 75k-110k | 2.88% | $7,561.00 |
| Income 110k + | 1.68% | $8,618.00 |
The table above displays students who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Get more info on Title IV here.
1238 Monroe College undergrads obtain grant aid (this is about 100% of the entire undergraduate student population). The average amount these students receive is $12,251.00.
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.