Dr. Miguel Cardona, Secretary of Education | https://www2.ed.gov/news/staff/bios/cardona.html#:~:text=Miguel%20A.,in%20the%20mainland%20United%20States.
Dr. Miguel Cardona, Secretary of Education | https://www2.ed.gov/news/staff/bios/cardona.html#:~:text=Miguel%20A.,in%20the%20mainland%20United%20States.
Data shows that students paid $18,425 on average to attend higher education courses at the time, $556 more than the previous school year.
Among the eight institutions in the county, Monmouth University stood out with the highest tuition fees, reaching an average of $43,216. The Medical Career Institute followed with an average of $33,500 per year. Yeshiva Gedolah of Cliffwood students were offered the lowest annual tuition fees at $8,550.
At the time, a total of $29 million in grants or scholarships were awarded to full-time undergraduates who started at the Monmouth County universities in the 2022-23 school year. Additionally, federal student loans reached $9 million.
Currently there are eight higher education institutions in Monmouth County, including MCVSD, Talmudical Academy-New Jersey, and Medical Career Institute.
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.
| Institution | Number of Students Receiving Grants | Total Amount of Grants Received | Average Amount of Grant Per Student | Number of Students Receiving Loans | Total Amount of Loans Received | Average Amount of Loans Per Student |
|---|---|---|---|---|---|---|
| Yeshiva Gedolah of Cliffwood | 11 | $44,300 | $4,027 | 0 | $0 | $0 |
| Medical Career Institute | 9 | $49,541 | $5,505 | 8 | $39,652 | $4,957 |
| Advantage Career Institute | 88 | $353,497 | $4,017 | 62 | $300,809 | $4,852 |
| Talmudical Academy-New Jersey | 11 | $143,050 | $13,005 | 0 | $0 | $0 |
| Yeshivas Emek Hatorah | 13 | $66,439 | $5,111 | 0 | $0 | $0 |
| Monmouth University | 892 | $24,161,196 | $27,087 | 610 | $8,068,398 | $13,227 |
| MCVSD | 71 | $254,554 | $3,585 | 11 | $66,527 | $6,048 |
| Brookdale Community College | 1,316 | $3,973,276 | $3,019 | 97 | $517,699 | $5,337 |
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