Avg. Federal Grant


Avg. Federal Loan


Total Aid Awarded

Monmouth University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.


Total Aid Amount Average Total Aid Awarded per year.


Financial Aid Official Website


Interestingly, almost all of the students at MU receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $21,104,812 in a year. For additional information about financial assistance schemes, one can head over to MU’s financial aid page at http://www.monmouth.edu/university/cost-and-financial-aid.aspx. The total percentage of candidates applying to Monmouth University who receive the Federal Grant is 33%. Meanwhile, 99% of the applicants receive the Student Grant and 99% are awarded the Institution Grant, while 33% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,724, while the same comes to $9,298 for State Grant receivers and $18,958 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,945. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Those with a family income below $30,000 per annum, would get an average federal aid of $30,386 in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $30,382 and $23,716, respectively. On the other hand, the average federal aid stands at $16,707 for those with an annual family income between $75,001 and $110,000, and at $13,317 for an income more than $110,000. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. At Monmouth University, the percentage of candidates who opt to avail of student loans is around 59%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid


State Grant Aid


Institution Grant Aid


Pell Grant


Average Aid Awarded

Federal Grant Aid


State Grant Aid


Institution Grant Aid


Pell Grant


Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000


$30,001 - $48,000


$48,001 - $75,000


$75,001 - $110,000


Over $110,000


Student Loans for Monmouth University

Average Loan Amount Average Loan Amount received per year.


Students Taking Out Loans


Loan Default Rate


Other Colleges In New Jersey

Rowan University
Rowan University

Glassboro, New Jersey

Bergen Community College
Bergen Community College

Paramus, New Jersey

Other Private not-for-profit Colleges

Remington College
Remington College

Lake Mary, Florida