Monmouth College

Monmouth, Illinois


Costs to Attend Monmouth College

Are you interested in applying to Monmouth College yet wondering how much it costs or if you can afford to attend? Use our comprehensive price data and loan calculation tools to assist in determining if this school makes financial sense for you and your intended major of study.

Annual Cost

  • Total One Academic Year Cost
  • All Residents: $38,950
  • Cost Itemization
  • Tution for all Residents: $30,450
  • Room and Board or estimated off campus living expense: $7,300
  • Books and Supplies: $1,200
  • Other Fees: $0

The cost per year to attend Monmouth College is $38,950 for the 2012/2013 academic year. How much may your student loan payments be and can you afford to attend? If you are interested in learning more, request additional information to be sent to you from Monmouth College

All price data are reprinted from the U.S. Department of Education's 2012-2013 and 2011-2012 IPEDS Survey and represent reported costs for the 2012-2013 and 2011-2012 academic years. Please consult the school directly for the most up to date price information.

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Estimated 4 Year Cost at Current Tuition

At current published tuition rates, the estimated total tuition and living expense cost of a 4 year bachelor's degree at Monmouth College is $155,800 for students graduating in normal time. Our methodology for estimating the 4 year cost is a multiple of the most recent reported annual cost and does not factor in tuition increases.

  • 4 Year Total Cost (tuition and living expenses): $155,800

Estimated Cost Per Semester

  • Illinois Residents Total Cost Per Semester: $19,475

Average Net Price and Financial Aid

  • Average Annual Net Price: $14,793*
  • Estimated Average 4 Year Degree Cost: $59,172**
  • Percent of Students Receiving Grant Aid: 99%
  • Average Annual Total Grant Aid Amount: $18,870
  • Percent of Students Receiving Pell Grants: 40%
  • Average Amount of Pell Grant Aid: $4,041
  • Percent of Students Receiving Federal Student Loans: 79%
  • Average Amount of Federal Student Loan Aid: $7,431

*Reported Average Annual Net Price for students receiving grant or scholarship aid reported to the U.S. Department of Education's 2011-2012 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

**Based on a 4 year multiple of Average Annual Net Price for students receiving grant or scholarship aid reported to the U.S. Department of Education's 2011-2012 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

Note that for colleges with no reported on-campus room and board, the average net price has been increased to account for living expenses. This number may not only reflect the net price paid to the school for tuition.

For Profit / Not For Profit Status

Monmouth College is a not for profit institution.

Example Student Loan Payments and Costs

How much are estimated student loan payments for Monmouth College? Below are the costs for an example student loan if you borrowed $59,172, our estimated average net price for a four year degree. Note that this calculation assumes you are part of the reported 99% of students at this school who receive financial aid and you are paying an average annual net price of $14,793. If you do not financially qualify for a reduced net price, your student loan payments may be significantly higher than this example. Use our Monmouth College student loan calculator below to change loan assumptions and recalculate.

Student loans are not free money and must be repaid. You cannot dismiss student loans by via bankruptcy.

  • Monthly Payment: $595.16
  • Amount Borrowed: $59,172.00
  • Interest Rate: 3.9%
  • Term: 10 years
  • Number of Monthly Payments: 120
  • Total Interest Cost: $12,247.02
  • Total of All Payments of 10 years: $71,419.02

Loan Affordability & Salary

Can I afford to attend Monmouth College? To keep student loan payments affordable, it is recommended not to borrow more than you can pay back using 10% of your monthly income. When planning how to afford Monmouth College, you need to carefully consider if it will be realistic to make the post graduation loan payments based on your expected salary.

Using these parameters, a salary of $71,419.02 is recommended to afford a $595.16 monthly payment in the example loan modeled above. This assumes a loan payback over 10 years. You can change the terms of this example loan using the student loan calculator below.

Estimated Future Cost and Expected Tuition Increase

What will it cost to send your child to Monmouth College in the future? In the past five years, this school's published in-state tuition and fee total rose from $21,100 to $28,650. This amounts to an average annual price increase of 7.2%. Nationally, university tuition prices are rising around 5% per year. Looking out five, ten, fifteen or eighteen years, these are CollegeCalc's estimates how much you can expect to pay for a 4 year degree at this school assuming tuition increases along at the national average rate. Estimated future prices are based on the current 4 year cost of $155,800.00. Use our college savings plan calculator below to perform a more comprehensive analysis on future costs and how much you will need to save for Monmouth College.

  • Estimated Cost in 5 years for students enrolling in 2019 - Annual: $53,565, 4 Year Degree: $214,261
  • Estimated Cost in 10 years for students enrolling in 2024 - Annual: $68,364, 4 Year Degree: $273,458
  • Estimated Cost in 15 years for students enrolling in 2029 - Annual: $87,252, 4 Year Degree: $349,009
  • Estimated Cost in 18 years for students enrolling in 2032 - Annual: $101,005, 4 Year Degree: $404,022

Cost Per Credit Hour and Cost Per Class

Some schools offer the ability to take single classes by paying on a per credit hour basis. The reported price per credit hour and estimated cost for one class at Monmouth College are as follows.

  • Price per credit hour: $955
  • Cost for one class (3 credit hours): $2,865
  • Cost for one class (4 credit hours): $3,820

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Tuition History

What was tuition at Monmouth College for the past five, ten, fifteen or twenty years? Looking at historical tuition increase rates may provide an indication as to expected increases in the future. Historical tuition and fees for all available data years back to 1987 follows.

  • 2010 - $24,950 Tuition and Fees. 4% Annual Increase
  • 2009 - $24,000 Tuition and Fees. 9.1% Annual Increase
  • 2008 - $22,000 Tuition and Fees. 4.3% Annual Increase
  • 2007 - $21,100 Tuition and Fees. 4.5% Annual Increase
  • 2006 - $20,200 Tuition and Fees. 4.4% Annual Increase
  • 2005 - $19,350 Tuition and Fees. 4% Annual Increase
  • 2004 - $18,600 Tuition and Fees. 4.7% Annual Increase
  • 2003 - $17,760 Tuition and Fees. 4.5% Annual Increase
  • 2002 - $17,000 Tuition and Fees. 3.8% Annual Increase
  • 2001 - $16,370 Tuition and Fees. 4.1% Annual Increase
  • 2000 - $15,720 Tuition and Fees. 4% Annual Increase
  • 1999 - $15,120 Tuition and Fees. 4.9% Annual Increase
  • 1998 - $14,420 Tuition and Fees. 3.3% Annual Increase
  • 1997 - $13,965 Tuition and Fees. 3.8% Annual Increase
  • 1996 - $13,460 Tuition and Fees. 2.7% Annual Increase
  • 1995 - $13,100 Tuition and Fees. 1.6% Annual Increase
  • 1994 - $12,900 Tuition and Fees. 0.8% Annual Increase
  • 1993 - $12,800 Tuition and Fees. 2.8% Annual Increase
  • 1992 - $12,450 Tuition and Fees. 8.7% Annual Increase
  • 1991 - $11,450 Tuition and Fees. 7.7% Annual Increase
  • 1990 - $10,635 Tuition and Fees. 8.6% Annual Increase
  • 1989 - $9,795 Tuition and Fees. 9.6% Annual Increase
  • 1988 - $8,940 Tuition and Fees. 8.6% Annual Increase
  • 1987 - $8,235 Tuition and Fees.

Cost for Popular Majors

Below are the most popular undergraduate areas of study at Monmouth College ranked by degrees conferred during the 2010/2011 academic year along with their estimated total program cost. Please consult the school's website for further information as actual costs for specific program may vary. Price estimates assume graduation in normal time. Our methodology for estimating these costs is a two or four year multiple of the current one year tuition and living cost of $38,950. Associates degrees are assumed to be completed in two years and bachelors degrees are assumed to take four years.

Area of Study Graduates Estimated Degree + Living Expense Cost
Psychology, General Bachelor's Degree 16 $155,800
4 year cost
English Language and Literature, General Bachelor's Degree 14 $155,800
4 year cost
Accounting Bachelor's Degree 11 $155,800
4 year cost
Biology/Biological Sciences, General Bachelor's Degree 11 $155,800
4 year cost
Art/Art Studies, General Bachelor's Degree 10 $155,800
4 year cost
Biopsychology Bachelor's Degree 9 $155,800
4 year cost
Music, General Bachelor's Degree 8 $155,800
4 year cost
Public Relations/Image Management Bachelor's Degree 7 $155,800
4 year cost
History, General Bachelor's Degree 6 $155,800
4 year cost
Mathematics, General Bachelor's Degree 6 $155,800
4 year cost
Elementary Education and Teaching Bachelor's Degree 5 $155,800
4 year cost
Biochemistry Bachelor's Degree 5 $155,800
4 year cost
Business Administration and Management, General Bachelor's Degree 4 $155,800
4 year cost
Computer Science Bachelor's Degree 4 $155,800
4 year cost
Classics and Classical Languages, Literatures, and Linguistics Bachelor's Degree 4 $155,800
4 year cost
Physics, General Bachelor's Degree 3 $155,800
4 year cost
Economics, General Bachelor's Degree 3 $155,800
4 year cost
French Language and Literature Bachelor's Degree 2 $155,800
4 year cost
International Business/Trade/Commerce Bachelor's Degree 1 $155,800
4 year cost
Environmental Science Bachelor's Degree 1 $155,800
4 year cost
Speech Communication and Rhetoric Bachelor's Degree 1 $155,800
4 year cost
Physical Education Teaching and Coaching Bachelor's Degree 1 $155,800
4 year cost
Spanish Language and Literature Bachelor's Degree 1 $155,800
4 year cost
Liberal Arts and Sciences/Liberal Studies Bachelor's Degree 1 $155,800
4 year cost
International/Global Studies Bachelor's Degree 1 $155,800
4 year cost
Philosophy Bachelor's Degree 1 $155,800
4 year cost
Chemistry, General Bachelor's Degree 1 $155,800
4 year cost
Political Science and Government, General Bachelor's Degree 1 $155,800
4 year cost
Sociology Bachelor's Degree 1 $155,800
4 year cost

About Monmouth College

Monmouth College is a four year private college located in Monmouth, Illinois.  The school is affiliated with the Presbyterian Church (USA) faith.  Full time enrollment is 1,297 and part time is 24.  For the 2011/2012 school year, the school received 1,930 applicants. 1,187 were admitted and 343 enrolled.

Only undergraduate degrees are offered at this school.

Learn more about Monmouth College at CollegeSimply.

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Calculators

Use the calculators below to formulate a college savings plan for Monmouth College or model a student loan.

Plan and Save for College

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Student Loan Calculator

Modify the loan assumptions to fit your financial situation and likely tuition price. Then calculate your payoff and loan payments for a Monmouth College student loan.

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