Tuition at Monmouth University rose by 3.7% for the 2022-23 school year, according to the most recent data release, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the four-year private nonprofit institution paid $43,216 this year, an increase of $1,536 from the $41,680 tuition charged in the 2021-22 academic year.
Approximately 70% of the undergraduate student body are residents of New Jersey, while about 29% come from other states and 2% are international students.
Records indicate that every full-time undergraduate who began studies at Monmouth University in 2022-23 received some form of financial aid. A total of 892 students were awarded grants or scholarships amounting to $24.2 million, and 610 students obtained student loans exceeding $8.1 million.
Across the entire undergraduate population, 3,690 students benefited from grants or scholarships totaling $96.7 million. Additionally, 2,327 students borrowed $15.5 million in federal student loans.
Undergraduate education costs have seen a significant increase over the past few decades. Data shows a 169% rise in the average total cost, including tuition, fees, room, and board, between 1980 and 2020.
According to a 2023 College Board report, in-state students at public universities paid an average of $11,260, while out-of-state students paid $29,150 in the 2023-24 academic year.
Meanwhile, student loan debt has steadily increased over the last 30 years, reaching $1.75 trillion in 2024, averaging a total of $28,950 per borrower. Federal loans make up 92% of the debt, with over half of students at both public and private four-year colleges graduating with student loans.
Available data sometimes exceeds 100% due to rounding and administrative calculations.
The following data includes only full-time students who began an undergraduate program at the Monmouth University in the 2022-23 school year.
| Type of Aid | Number of students awarded aid | Percent awarded aid | Total amount of aid awarded | Average amount of aid per student |
|---|---|---|---|---|
| Federal grants | 274 | 31% | $1.7 million | $6,140 |
| State / local grant or scholarship | 223 | 25% | $2.4 million | $10,614 |
| Institutional grants or scholarships | 892 | 100% | $20.1 million | $22,547 |
| Grant or scholarship aid total | 892 | 100% | $24.2 million | $27,087 |
| Federal student loans | 594 | 66% | $3.2 million | $5,363 |
| Other student loans | 185 | 21% | $4.9 million | $26,394 |
| Student loan aid | 610 | 68% | $8.1 million | $13,227 |
| Total student aid | 893 | 100% | $32.2 million | $36,091 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
