Cost of Attendance
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.
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.
Avg. Net Price
$0 to $30,000
$30,001 to $48,000
$48,001 to $75,000
$75,001 to $110,000
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.
Stafford Loan Interest
Time to Pay off Student Loan
Example monthly payment
Total interest paid
Sum of Loan Payments
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
payment to be made each year.
We can assume that the interest rate is
post any refinancing or consolidation activities with a
Then the total payment made towards the loan is
in addition to the principal amount, which constitutes the interest
payment made throughout the life of the loan.
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.
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.
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.
Housing & Other Expenses
Room & Boards
Book & Supplies
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.
Salt Lake City, Utah