Annual Costs

Undergraduate Tuition

Tuition for Monroe College Main Campus is $14,328 for the 2018/2019 academic year. This is 1% cheaper than the national average private for-profit four year college tuition of $14,406. The cost is 37% cheaper than the average New York tuition of $22,793 for 4 year colleges. Tuition ranks 88th in New York amongst 4 year colleges for affordability and is the 98th most expensive 4 year college in the state. Price does not vary by residence.

The school charges an additional fees of $1,100 in addition to tuition bringing the total effective in-state tuition to $15,428.

Housing Costs

On campus room and board is provided by the school at a cost of $10,850 per academic year. Students electing to live off campus elsewhere in Bronx should budget at least this amount.

Books and Supplies

The estimated annual cost for books and supplies is $900.

Other Living Expenses

If living on-campus, students should budget for $4,100 in additional living expenses. Off-campus students should budget for $4,400 in other miscellaneous living expenses.

Total Costs

The annual tuition and living expense budget to go to Monroe College-Main Campus was $31,278 for the 2018/2019 academic year. The cost is the same for all students regardless of New York residence status as there is no in-state discount.

Citation: Price data from the U.S. Department of Education's 2018-2019 and 2017-2018 IPEDS survey response for Monroe College Main Campus and represent reported costs for the 2016-2017 and 2015-2016 academic years.

Costs and Tuition for Monroe College Main Campus
Estimated Budgets
New York Resident Total Budget $31,278
   In-State Tuition$14,328
   Other Fees$1,100
   Room and Board$10,850
   On-Campus Other Budget$4,100
   Books and Supplies$900
Non-Resident Total Budget $31,278
   Out-of-State Tuition$14,328
   Other Fees$1,100
   Room and Board$10,850
   On-Campus Other Budget$4,100
   Books and Supplies$900


What it Really Costs

Depending on many factors including student and parent income and assets, the total cost of attendance may be less than the $31,278 published price if scholarship or grant aid is made available to you.

Net Price

The net out-of-pocket total cost you end up paying or financing though student loans is known as the net price. The reported Monroe College-Main Campus net price for in-state students is $12,280* for the 2014/2015 academic year. This net price includes housing and meal expenses.

Pell Grants and other Grant Aid

96% of Monroe College Main Campus students received grant aid in 2014/2015. The average total aid amount was $10,773. 76 percent of students received aid in the form of Pell Grants from the U.S. Federal Government. The average Pell Grant awarded for 2014/2015 was $4,920. To apply for a Pell Grant to attend Monroe College Main Campus, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).

Net Price and Financial Aid for Monroe College Main Campus
Financial Aid Summary
Average Annual Net Price$12,280*
Percent of Students Receiving Grant Aid96%
Average Total Grant Aid$10,773
Percent of Students Receiving Pell Grants76%
Average Amount of Pell Grant Aid$4,920

Average Net Price by Family Income

The average net total cost of attendance for different levels of family income after federal, state or local government, institutional grant and scholarship aid are awarded. Data last published for the 2014/2015 academic year.

Family Income Avg. Net Price
$0 to $30,000$10,612
$30,001 to $48,000$11,834
$48,001 to $75,000$14,954
$75,001 to $110,000$16,976

Average Financial Aid Mix - $31,278 In-State Total Cost

CollegeCalc has estimated typical coverage of the annual in-state tuition and living expenses of $31,278. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.


Grants and Scholarships

 40% - $10,773

Money granted to you by the U.S. Department of Education, Monroe College Main Campus or other organizations. These are not loans and do not need to be repaid.

Federal Loans

 18% - $4,775

Low interest student loans funded by the U.S. Department of Education. This amount will need to be repaid.

Out of Pocket

 43% -  $11,630

Covered by family savings, work or private student loans which you will have to repay.

*Reported Average Annual Net Price for students receiving grant or scholarship aid reported to the U.S. Department of Education's Academic Year 2014-2015 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.

Tuition Comparison to Similar Private Colleges in the Region

School Cost vs. Monroe College Main Campus
Monroe College New Rochelle18.8% less expensive
Berkeley College New York68.9% more expensive
LIM College82.9% more expensive
Plaza College23.2% less expensive
Pacific College of Oriental Medicine New York30.2% less expensive

Cost of a Degree

When considering ability to pay for college, the annual cost is often discussed but it's the "all in" multi-year degree cost which matters in the end. Let's take a look at what it could really cost for four years at Monroe College Main Campus.

Estimated 4 Year Cost at Published Tuition

At the current published rates, an estimated total tuition, fees and living expense price for a 4 year bachelor's degree at Monroe College-Main Campus is $125,112 for students graduating in normal time. This methodology for estimating the 4 year cost is a straight multiple of the most recent reported annual total cost and does not factor in tuition increases during the time you're in school. It also assumes you receive no grant or scholarship aid and pay the full list price.

A potentially more accurate but less conservative estimate of a degree cost can be made by using the school's annual $12,287 in-state net price as the basis. Applying this cost over 4 would estimate the cost of a degree at $49,148**

If you end up on the "five year plan" and need an additional year to graduate, your five year cost could be as high as $156,390 or $61,435 using an average 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 2014-2015 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.

Other Costs

Estimated Cost Per Semester

Most colleges don't charge students on an annual basis but instead require payment semester by semester. If you ever need to take an additional semester of classes to complete you degree you shouldn't have to pay for a full academic year. These our estimated costs for a semester at Monroe College Main Campus.

New York Resident Tuition Per Semester$7,164
New York Resident Total Cost Per Semester$15,639

Cost Per Credit Hour and Cost for a 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 Monroe College Main Campus are as follows. Per credit costs are for reference only as many schools will not allow students to pay by credit hour.

Cost per credit hour and per class at Monroe College Main Campus
Price per credit hour$597
Cost for one class (3 credit hours)$1,791
Cost for one class (4 credit hours)$2,388


Student Loans and Debt

The second consideration after understanding the cost of college is determining how to finance it. Some students are fortunate enough to have some form of family financial assistance, but student loans end up financing a significant portion of higher education in the U.S. 58% of Monroe College Main Campus students receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $4,775.

Example Loan Payments and Costs

How much are student loan payments for Monroe College Main Campus? Obviously this varies based on a number of factors - offsetting financial aid you receive, percentage of fee you pay upfront while enrolled and the interest rate on your loans. We've modeled a sample student loan based on current Stafford loan rates to give you an approximate idea.

The following are the costs for a loan if you borrowed $49,148, 100% of the estimated average net price for a four year program and paid nothing while enrolled. The total of all payments including interest would sum $60,981.40. This could be your effective total out of pocket cost of an education at Monroe College Main Campus. Note that this calculation assumes you don't pay full list price tuition, are part of the reported 96% of students at this school who receive financial aid and you are paying an average annual net price of $12,287. If you do not financially qualify for a reduced net price, your student loan payments could be significantly higher than this example. Use our Monroe College Main Campus 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.

Monroe College Main Campus Student Loan Payments
Example Payments
Monthly Loan Payment$508.18
Amount Borrowed$49,148.00
Interest Rate4.5%
Term10 years
Number of Monthly Payments120
Total Interest Cost$11,833.40
Sum of All Payments over 10 years$60,981.40

Affording Student Loan Payments and Post Graduation Salary

Can I afford to attend Monroe College-Main Campus? In the end, the answer comes down a determination if you will earn enough to comfortably pay back a student loan with your post graduation salary. This is an extremely important point to consider. In order to afford student loan payments and still meet all your other costs of living, it is recommended not to borrow more than you can pay back using 10% of your monthly income earned after graduation. If you're considering attending Monroe College Main Campus, you need to carefully consider if it will be realistic to make the post graduation loan payments based on your expected salary.

Using the 10% of salary threshold, an annual income of $60,981.40 would be needed to afford a $508.18 monthly payment in the example $49,148.00 loan modeled above. You will need to determine if it is at all realistic that you will be earning this type of salary after graduation. 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 Monroe College Main Campus in the future? In the past four years, this school's published in-state tuition and fee total rose from $12,048 to $14,328. This amounts to an average annual price increase of 3.8%. 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 could expect to pay for a 4 year degree assuming tuition increases at the national average rate. Estimated future prices are based on the current 4 year cost of $125,112.00. Use the college savings plan calculator below to perform a more comprehensive analysis on future costs and how much you will need to save for Monroe College Main Campus.

Annual4 Year Degree
Estimated Cost in 5 years for students enrolling in 2025$43,015$172,058
Estimated Cost in 10 years for students enrolling in 2030$54,899$219,595
Estimated Cost in 15 years for students enrolling in 2035 $70,066$280,265
Estimated Cost in 18 years for students enrolling in 2038 $81,110$324,441

Comparable Cost for Popular Majors

We've compared the out of state cost of the most popular undergraduate areas of study at Monroe College Main Campus to the national average for all other colleges offering the same major. Use this comparison to determine particular programs where this school offers value relative to other colleges.

Area of Study Graduates vs National Avg
Criminal Justice/Police Science Associate's Degree 365 62% costlier
Criminal Justice/Law Enforcement Administration Bachelor's Degree 184 2% cheaper
Medical Office Management/Administration Associate's Degree 175 62% costlier
Health Services Administration Bachelor's Degree 132 7% cheaper
Business Administration and Management, General Associate's Degree 125 45% costlier
Medical/Clinical Assistant Associate's Degree 100 54% costlier
Accounting Bachelor's Degree 79 16% cheaper
Community Health and Preventive Medicine Bachelor's Degree 65 9% cheaper
Accounting Technology/Technician and Bookkeeping Associate's Degree 64 60% costlier
Information Technology Associate's Degree 62 62% costlier
Computer/Information Technology Services Administration and Management, Other Bachelor's Degree 59 9% cheaper
Hospitality Administration/Management, General Associate's Degree 43 57% costlier
Culinary Arts/Chef Training Associate's Degree 40 53% costlier
Registered Nursing/Registered Nurse Associate's Degree 23 55% costlier
Pharmacy Technician/Assistant Associate's Degree 22 58% costlier
Baking and Pastry Arts/Baker/Pastry Chef Associate's Degree 19 28% costlier
Business/Office Automation/Technology/Data Entry Associate's Degree 1 77% costlier
Computer and Information Sciences, General Associate's Degree 1 58% costlier


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

College Savings Calculator

Plan and Save for College

Discover how much will you need to start saving now to afford Monroe College Main Campus in the future.

Student Loan Calculator

Estimate Loan Payments

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

Prepayment Option

About Monroe College Main Campus

Monroe College Main Campus is a four year private college located in Bronx, New York.  Full time enrollment is 4,689 and part time is 1,697. Learn more about getting accepted at Monroe College Main Campus at CollegeSimply.

Students attending this school may pursue both undergraduate and graduate degrees.

Monroe College Main Campus
2501 Jerome Avenue
Bronx, New York

For Profit / Not For Profit Status

Monroe College Main Campus is a private, for profit school.

Monroe College Main Campus cost and financial aid data source: U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=193308 IPEDS survey data.