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Monmouth College Tuition and Fees

Located in Monmouth, IL, Monmouth College is a private, Presbyterian Church (USA) university. Monmouth College occupies a total area of about 112 acres. In 1853, Monmouth College was founded. Keeping the pursuit of research, innovation, and excellence at the center, Monmouth College has been imparting quality education to its students. The motto of the varsity is Lux (Latin) and its official colors are red and white. Taking into account all the courses offered at Monmouth College, the total e

$37,674

Tuition

$49,590

Cost of Attendance

$17,812

Net Price

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Monmouth College Tuition and Fees

Monmouth College offers undergraduate programs across different fields, providing quality education to students. The expense of education here is very moderate, compared to the tuition fees charged by different colleges. The average annual cost for students opting to pursue undergraduate programs at the college is estimated to be around $38,990, based on 2020 - 2021 official information. This amount includes the total tuition fees as well as other expenses. While housing costs $9,330, the charges for books and supplies and other expenses stand at $1,200 and $1,750, respectively.

Total Cost of Attendance

Student type	In-state	Out-State
Tuition & Fees	$37,674	$37,674
Book & Supplies	$1,200	$1,200
Room & Board cost	$8,966	$8,966
Other Expenses	$1,750	$1,750
Total Cost of Attendance	$49,590	$49,590

Coming to the cost of attendance, students need to understand that the tuition fee is just a single aspect of the expenses that come under the overall cost of attending the university. They must plan for several other expenses that accompany the cost of attendance such as lodging, dining, textbooks, supplies, and the cost of living, among others. For students attending the university, the total tuition and fees for one year add up to about $38,990. In addition, the students will be needed to pay an average expense of $1,200 for books and supplies, $7,415 toward room and boarding, and $1,750 for different other expenses in a year. Therefore, the estimated cost of attendance for one year at MC is around $49,355, as per the available information.

Average Net Price by Family Income

Net Price

$17,812

Family Income

Avg. Net Price

$0 to $30,000

$13,137

$30,001 to $48,000

$13,166

$48,001 to $75,000

$15,984

$75,001 to $110,000

$18,845

$110,000+

$22,605

The net price of attending Monmouth College is nothing but the actual amount that the students are required to pay in a year. It depends upon the annual family income of the applicant. Usually, the individuals who have a higher family income will be required to pay a higher net amount, too. Simply put, the family income of the candidate is a key factor in determining the net amount. At MC, the average net price is estimated to be $17,992. For students with a family income below $30,000, the estimated net price is $13,231, while for the individuals who fall in the $30,001-$48,000 income bracket, the net cost is $14,337. On the other hand, an estimated net cost of $15,960 is charged for the $48,001-$75,000 income bracket, $18,081 for the $75,001-$110,000 income category, and $20,859 for an annual family income more than $110,000.

Student Loans

Example Loans

$59,172

Stafford Loan Interest

4.5%

Time to Pay off Student Loan

10 years

Example monthly payment

$614

Total interest paid

$14,517

Sum of Loan Payments

$73,689

To have a realistic understanding of how much it will cost to study at Monmouth College here is an example one can consider to estimate the payment amounts one will incur with a student loan. Take a loan of $59,172 for example. This will result in a $7,369 payment to be made each year. We can assume that the interest rate is 4.5% post any refinancing or consolidation activities with a 10 years repayment plan. Then the total payment made towards the loan is $73,689 which is $14,517 in addition to the principal amount, which constitutes the interest payment made throughout the life of the loan.

Undergraduate Tuition and Fees

Student type	In-state	Out-State
Tuition & Fees	$37,674	$37,674
Room & Board Cost	$8,966	$8,966
Total Tuition & Fees	$46,640	$46,640

At Monmouth College, the tuition and fees for students who are pursuing undergraduate courses are estimated to be around $38,990 in a year. Alongside that, they will likewise need to shell out around $7,415 toward their room and boarding charges. In view of this information, the estimated total cost for undergraduate students at MC adds up to $49,355.

Cost Per Credit Hour

Degree	Year	Cost per Credit hour
Graduate	2018 - 2019	N/A
Undergraduate	2018 - 2019	$1,165

The cost per credit hour – the total program cost divided by the total number of credit hours of the program – that the student has to pay to attend Monmouth College varies between graduate and undergraduate degrees. The cost per credit hour for the graduate courses at the college sits at $299. Monmouth College also offers a wide range of online programs across 35 different majors for students at present.

Campus Housing Expenses

Housing & other expenses	On Campus	Off Campus
Room & Board	$8,966	$5,500
Other Expense	$1,750	$1,750
Book & Supplies	$1,200	$1,200

Now, coming to the lodging and related expenses at MC, the actual amount to be paid varies based on whether the candidate opts to live on-campus or off-campus. The on-campus logding facilities cost $11,080 per year, while students have to pay $7,250 a year for off-campus housing. For on-campus students at the university, the room and board charges total around $9,330 per year, while the amount charged for off-campus candidates stands at $5,500. On the other hand, the charges toward books and supplies come to around $1,200. Furthermore, the other expenses that the students should plan for come to around $1,750.

Campus Housing Expenses

Housing & Other Expenses

Room & Boards

On Campus

$8,966

Off Campus

$5,500

Housing & Other Expenses

Other Expenses

On Campus

$1,750

Off Campus

$1,750

Housing & Other Expenses

Book & Supplies

On Campus

$1,200

Off Campus

$1,200

Projected Price for a 4 year degree

A four-year undergraduate course as well as living expenses at MC are projected to cost around $248,496 as per official data. In comparison, the total expenses for undergraduate students stood at $17,992 for 2018-2019, $17,812 for 2017-2018, and $18,467 for 2016-2017.

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