OVERVIEW PROGRAMS AND TUITION ADMISSIONSFINANCIAL AID

Monmouth University Financial Aid and Scholarships 2022

Located in West Long Branch, NJ, Monmouth University is a Private university. Monmouth University occupies a total area of about 159 acres. The foundation of Monmouth University was laid down in the year 1933. Notably, the official colors of the university are midnight blue and white. The total enrolment stands at 6,167 students at Monmouth University. Around 4,450 and 1,503 students take admission in various undergraduate and postgraduate courses of the university. To teach various courses to t

Monmouth University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

96%

Total Aid Amount Average Total Aid Awarded per year.

$87.283M

Financial Aid Official Website

www.monmouth.edu/university/cost-and-financial-aid.aspx

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%.

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