$14,328

Tuition

$31,278

Cost of Attendance

$11,261

Net Price

Monroe College Tuition and Fees

Monroe College is a prominent educational institution known for offering a range of undergraduate and postgraduate programs in a wide assortment of streams, providing quality training to students. The tuition fees charged at MC is quite low compared to the expense of education at most institutions. The average annual cost for students opting to pursue undergraduate programs at the college is estimated to be around $15,860, based on 2020 - 2021 official information. This amount includes the total tuition fees as well as other expenses. The housing costs $11,100, books and supplies cost $900, while the other expenses add up to $4,850.

Total Cost of Attendance

Student typeIn-stateOut-State
Tuition & Fees$15,428$15,428
Book & Supplies$900$900
Room & Board cost$10,850$10,850
Other Expenses$4,100$4,100
Total Cost of Attendance$31,278$31,278

Students should understand that the tuition fees charged for their degree programs is not the only expense that is involved in the 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. What's more, at Monroe College, the total tuition and fees for the enrolled students come out to be around $15,860 in a year. Other than that, they will need to shell out an amount of $900 for books and supplies, $7,650 for room and boarding charges, and $4,850 toward other expenses on average in a year. Hence, based on this information, the overall cost of attending the college adds up to around $29,260 per year.

Average Net Price by Family Income

Net Price

$11,261

Family Income

Avg. Net Price

$0 to $30,000

$10,013

$30,001 to $48,000

$10,935

$48,001 to $75,000

$13,284

$75,001 to $110,000

$16,761

$110,000+

$17,873

The net cost of attending Monroe College – the actual amount that students and their families are required to pay in a given year – varies depending on the candidate's annual family income. Generally, the higher the family income of the candidate, the higher is the net amount to be paid. While the actual net cost is subject to one’s family income bracket, the average net price is estimated to be $11,468 at MC. Candidates whose annual family income is less than $30,000 will have to pay a net amount of $10,866. For the individuals whose income is somewhere between $30,001 and $48,000, the amount comes to $10,261. Meanwhile, the net price stands at $12,850 for the $48,001-$75,000 income bracket and at $16,558 for an income between $75,001 and $110,000. This amount adds up to $16,311 for students whose annual family income is more than $110,000.

Student Loans

Example Loans

$49,148

Stafford Loan Interest

4.5%

Time to Pay off Student Loan

10 years

Example monthly payment

$510

Total interest paid

$12,058

Sum of Loan Payments

$61,206

To have a realistic understanding of how much it will cost to study at Monroe College here is an example one can consider to estimate the payment amounts one will incur with a student loan. Take a loan of $49,148 for example. This will result in a $6,121 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 $61,206 which is $12,058 in addition to the principal amount, which constitutes the interest payment made throughout the life of the loan.

Undergraduate Tuition and Fees

Student typeIn-stateOut-State
Tuition & Fees$15,428$15,428
Room & Board Cost$10,850$10,850
Total Tuition & Fees$26,278$26,278

At Monroe College, the tuition and fees for students who are pursuing undergraduate courses are estimated to be around $15,860 in a year. Alongside that, they will likewise need to shell out around $7,650 toward their room and boarding charges. In view of this information, the estimated total cost for undergraduate students at MC adds up to $29,260.

Graduate Tuition and Fees

In-stateOut-State
Tuition$15,156$15,156
Fees$1,100$1,100

Moving on to the tuition and fees charged for students who wish to join postgraduate programs offered at MC, the amount stands at $16,724 per year. This sum includes their graduate tuition of $15,624 and the graduation fees of $1,100 as well.

Cost Per Credit Hour

DegreeYearCost per Credit hour
Graduate2018 - 2019$842
Undergraduate2018 - 2019$597

The graduate and undergraduate courses have a varying cost per credit hour – which is the total program cost divided by the total number of credit hours of the program – that the student has to pay to attend MC. As per the 2019-2020 fee structure, the cost per credit hour for graduate courses is $278 and for undergraduate courses, it stands at $122.

Campus Housing Expenses

Housing & other expensesOn CampusOff Campus
Room & Board$10,850$3,200
Other Expense$4,100$4,400
Book & Supplies$900$900

Moving on to the housing and related expenses at Monroe College, these charges depend upon whether the candidate decides to stay on-campus or off-campus. For on-campus housing, students have to pay $15,800 per year, whereas, the cost for off-campus lodging is $9,200 a year. For on-campus students at the university, the room and board charges total around $11,100 per year, while the amount charged for off-campus candidates stands at $4,200. Coming to the books and supplies charges, the students will be required to pay an amount of $900. Meanwhile, the other expenses that one needs to plan for add up to $4,700 for on-campus students and $5,000 for off-campus students.

Campus Housing Expenses

Housing & Other Expenses

Room & Boards

On Campus

$10,850

Off Campus

$3,200

Housing & Other Expenses

Other Expenses

On Campus

$4,100

Off Campus

$4,400

Housing & Other Expenses

Book & Supplies

On Campus

$900

Off Campus

$900

Moving on to the housing and related expenses at Monroe College, these charges depend upon whether the candidate decides to stay on-campus or off-campus. For on-campus housing, students have to pay $15,800 per year, whereas, the cost for off-campus lodging is $9,200 a year. For on-campus students at the university, the room and board charges total around $11,100 per year, while the amount charged for off-campus candidates stands at $4,200. Coming to the books and supplies charges, the students will be required to pay an amount of $900. Meanwhile, the other expenses that one needs to plan for add up to $4,700 for on-campus students and $5,000 for off-campus students.

Online Degree Programs, Tuition and Cost Per Credit Summary

Degree TypeTotal Average TuitionAverage Tuition Per Credit
Bachelors $69,480 $579
Masters $29,376 $816
Associate $34,740 $579

Monroe College offers 19 online programs across 6 Majors.

Projected Price for a 4 year degree

As per official data, the current projected cost for a four-year bachelor's degree, along with the living expenses, at the college is estimated to be around $147,245. In contrast, the total expenses for undergraduate students amounted to $11,468 in 2018-2019, $11,261 in 2017-2018, and $12,280 in 2016-2017.

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