Monmouth University

www.monmouth.edu

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2023 Undergraduate Tuition

$44,098

3.75% growth from 2022

2023 Average Net Price

$33,228

After Financial Aid

2020 Default Rate

on Student Loans

2023 Acceptance Rate

89.5%

8,410 Applicants

2023 Enrolled Students

4,981

86.1% Full-Time

2023 Graduation Rate

70.3%

761 Graduates

About

Monmouth University is a higher education institution located in Monmouth County, NJ. In 2023, the most popular Bachelors Degree concentrations at Monmouth University were General Business Administration & Management (295 degrees awarded), Speech Communication & Rhetoric (80 degrees), and General Health Services (80 degrees).

In 2023, 1,548 degrees were awarded across all undergraduate and graduate programs at Monmouth University. 67.2% of these degrees were awarded to women, and 32.8% awarded men. The most common race/ethnicity group of degree recipients was white (1,105 degrees), 5.34 times more than then the next closest race/ethnicity group, hispanic or latino (207 degrees).

The median undergraduate tuition at Monmouth University is $44,098, which is $19,523 more than the national average for Masters Colleges and Universities ($24,575).

In 2020 the default rate for borrower's at Monmouth University was 0%, corresponding to 0 out of the 1,537 total borrowers.

Masters Colleges & Universities: Larger Programs Masters Colleges and Universities

Costs

In 2023, the median undergraduate tuition at Monmouth University is $44,098, which is $19,523 more than the national average for Masters Colleges and Universities ($24,575).

After taking grants and loans into account, the average net price for students is $33,228.

In 2023, 97% of undergraduate students attending Monmouth University received financial aid through grants. Comparatively, 61% of undergraduate students received financial aid through loans.

Tuition Costs

$44,098

2023 Undergraduate Tuition

In 2023, the cost of tuition at Monmouth University was $44,098. The cost of tuition at Monmouth University is $19,523 more than than the overall (public and private) national average for Masters Colleges and Universities ($24,575).

This chart compares the tuition costs of Monmouth University (in red) with those of other similar universities.

Average Net Price

$33,228

2023 Value

5.77%

1 Year Growth

In 2023 Monmouth University had an average net price — the price paid after factoring in grants and loans — of $33,228. Between 2022 and 2023, the average net price of Monmouth University grew by 5.77%.

This chart compares the average net price of Monmouth University (in red) with that of other similar universities.

Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

Other Student Expenses

$12,914

Room and Board

$1,000

Books and Supplies

The average yearly cost of room and board at Monmouth University was of $12,914 in 2023. The cost of room and board increased by 4.01% between 2022 and 2023.

During the same period, the average yearly cost of books and supplies was $1,000. The cost of books and supplies did not change during the same period.

This chart compares the average student costs at Monmouth University (in red) with that of similar universities.

Financial Aid by Income Level

97%

Undergraduates Receiving Financial Aid through Grants

61%

Undergraduates Receiving Financial Aid through Loans

97% of undergraduate students at Monmouth University received financial aid through grants or loans in 2023. This represents a decline of 1.02% with respect to 2022, when 98% of undergraduate students received financial aid.

This chart compares the average award discount at Monmouth University (in red) with that of other similar universities.

The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

Student Loan Default Rate

Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.

2020 Default Rate

Number of Defaults

In 2020 the default rate for borrower's at Monmouth University was 0%, which represents 0 out of the 1537 total borrowers.

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

Admissions

Monmouth University received 8,410 undergraduate applications in 2023, which represents a 5.96% annual growth. Out of those 8,410 applicants, 7,530 students were accepted for enrollment, representing a 89.5% acceptance rate.

There were 4,981 students enrolled at Monmouth University in 2023. 22% of first-time enrollees submitted SAT scores with their applications.

Monmouth University has an overall enrollment yield of 12.9%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

89.5%

Acceptance Rate in 2023

7,530

Accepted Out of 8,410

In 2023, the undergraduate acceptance rate of Monmouth University was 89.5% (7,530 admissions from 8,410 applications). This is lower than the acceptance rate of 2022, which was 90.9%. Between 2022 and 2023, the number of applicants grew by 5.96%, while admissions grew by 4.35%.

This chart compares the acceptance rate of Monmouth University (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

SAT Scores

22%

Submission Percentage (2023)

215

Scores Submitted (2023)

22% of enrolled first-time students at Monmouth University in 2023 submitted SAT scores with their applications.

The following chart shows the average SAT scores for the 25th, 50th, and 75th percentile of applicants for each section of the test that they are evaluated on.

Enrollment

Monmouth University had a total enrollment of 4,981 students in 2023. The full-time enrollment at Monmouth University is 4,287 students and the part-time enrollment is 694. This means that 86.1% of students enrolled at Monmouth University are enrolled full-time.

The enrolled student population at Monmouth University, both undergraduate and graduate, is 68.5% White, 16.1% Hispanic or Latino, 5.48% Black or African American, 2.61% Asian, 2.37% Two or More Races, 0.0602% Native Hawaiian or Other Pacific Islanders, and 0.0602% American Indian or Alaska Native.

Students enrolled at Monmouth University in full-time Undergraduate programs are most commonly White Female (44.6%), followed by White Male (24.4%) and Hispanic or Latino Female (12%). Students enrolled in full-time Graduate programs are most commonly White Female (51.4%), followed by White Male (16.5%) and Hispanic or Latino Female (9.36%).

Full-Time vs Part-Time Enrollment

86.1%

Full-Time Enrollment

The total enrollment at Monmouth University in 2023, both undergraduate and graduate, is 4,981 students. The full-time enrollment at Monmouth University is 4,287 and the part-time enrollment is 694. This means that 86.1% of students enrolled at Monmouth University are enrolled full-time compared with 68.2% at similar Masters Colleges and Universities.

This chart shows the full-time vs part-time enrollment status at Monmouth University (in red) compares to similar universities.

Retention Rate over Time

81%

2023 Retention Rate

Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall. The retention rate for full-time undergraduates at Monmouth University was 81%. Compared with the full-time retention rate at similar Masters Colleges and Universities (74%), Monmouth University had a retention rate higher than its peers.

This chart shows the retention rate over time at Monmouth University (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)

White
3,414 enrolled students
Hispanic or Latino
803 enrolled students
Black or African American
273 enrolled students

The enrolled student population at Monmouth University is 68.5% White, 16.1% Hispanic or Latino, 5.48% Black or African American, 2.61% Asian, 2.37% Two or More Races, 0.0602% Native Hawaiian or Other Pacific Islanders, and 0.0602% American Indian or Alaska Native. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Masters Colleges and Universities is 50.1% White, 17.7% Hispanic or Latino, and 13.4% Black or African American.

Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 140 students (2.81%) did not report their race.

Graduates

In 2023, 534 more women than men received degrees from Monmouth University. The most common race/ethnicity group of degree recipients at Monmouth University is white (1,105 degrees awarded). There were 5.34 times more white recipients than the next closest race/ethnicity group, hispanic or latino (207 degrees).

The most common Bachelor's Degree concentration at Monmouth University is General Business Administration & Management (295 degrees awarded), followed by Speech Communication & Rhetoric (80 degrees) and General Health Services (80 degrees).

In 2023, the most specialized majors across all degree types at Monmouth University, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are English (58 degrees awarded), Public Administration and Social Service (103 degrees), and History (31 degrees).

Common Jobs by Major

Other managers

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Monmouth University are Other managers (294,370 people), Lawyers, & judges, magistrates, & other judicial workers (247,422 people), Elementary & middle school teachers (238,327 people), Social workers, all other (193,773 people), and Secondary school teachers (158,387 people).

The most specialized majors at Monmouth University in 2023 are English (58 degrees awarded), Public Administration and Social Service (103 degrees), History (31 degrees), Communications (102 degrees), and Protective Services (87 degrees) (as of 2023).

Highest Paying Jobs by Major

Diagnostic medical sonographers

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Monmouth University are Diagnostic medical sonographers, Surgeons, Physicians, Cardiovascular technologists and technicians, and Magnetic resonance imaging technologists

The most specialized majors at Monmouth University are English (58 degrees awarded), Public Administration and Social Service (103 degrees), History (31 degrees), Communications (102 degrees), and Protective Services (87 degrees) (as of 2023).

Common Industries by Major

Elementary & secondary schools

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Monmouth University are Elementary & secondary schools (3,056,170 people), Colleges, universities & professional schools, including junior colleges (435,151 people), Justice, public order, & safety activities (420,498 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (225,084 people), and Legal services (196,887 people).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Monmouth University.

Most Common (2023)

General Business Administration & Management
295 degrees awarded
Speech Communication & Rhetoric
80 degrees awarded
General Health Services
80 degrees awarded

In 2023, the most common bachelors degree concentration at Monmouth University was General Business Administration & Management with 295 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from bachelors degree programs at Monmouth University according to their major.

Sex Breakdown for Common Majors

507

Degrees Awarded to Men

in 2023

1,041

Degrees Awarded to Women

in 2023

In 2023, 507 degrees were awarded to men at Monmouth University, which is 0.487 times less than the number of degrees awarded to females (1,041).

This chart displays the sex disparity between the top 5 majors at Monmouth University by degrees awarded.

Most Common Male Majors

In 2023, 217 degrees were awarded to men at Monmouth University in General Business Administration & Management, which is 1.36 times more than the 160 female recipients with that same degree.

Most Common Female Majors

In 2023, 160 degrees were awarded to men at Monmouth University in General Business Administration & Management, which is 0.737 times less than the 217 male recipients with that same degree.

Time to Complete

59%

100% Completion Time

69%

150% Completion Time

In 2023, 59% of students graduating from Monmouth University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 69% completed their degrees within 150% of the normal time, and 70% within 200%.

The following chart shows these completion rates over time compared to the average for the Masters Colleges and Universities Carnegie Classification group.

Graduation rate is defined as the percentage of full-time, first-time students who received a degree or award within a specific percentage of "normal time" to completion for their program.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

Two or More Races Female

Highest Graduation Rate (80%)

The student demographic with the highest graduation rate in 2023 at Monmouth University is Female and Two or More Races (80% graduation rate). Across all Masters Colleges and Universities, Non-resident Alien Male students have the highest graduation rate (65.7%).

The department of education defines graduation rate as the percentage of full-time, first-time students who received a degree or award within 150% of "normal time" to completion.

The National Center for Education Statistics (NCES) categorizes any student who is studying in the United States on a temporary basis as a "Non-Resident Alien", and the graduation rate of those students is shown in the chart below. Additionally, 3.42% of graduates (26 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)

White
1,105 degrees awarded
Hispanic or Latino
207 degrees awarded
Black or African American
79 degrees awarded

The most common race/ethnicity at Monmouth University is white (1,105 degrees awarded). There were 5.34 times more white recipients than the next closest race/ethnicity group, hispanic or latino (207 degrees).

3.49% of degree recipients (54 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2023)

White Female
760 degrees awarded
White Male
345 degrees awarded
Hispanic or Latino Female
143 degrees awarded

The most common race/ethnicity and sex grouping at Monmouth University is white female (760 degrees awarded). There were 2.2 times more white female recipients than the next closest race/ethnicity group, white male (345 degrees).

Operations

Monmouth University has an endowment valued at nearly $153M, as of the end of the 2023 fiscal year. The return on its endowment was of 11.6M (7.57%) compared to the 5.72% average return (2.84M on 49.7M) across all Masters Colleges and Universities.

In 2023, Monmouth University had a total salary expenditure of 179M. Monmouth University employs 93 Associate professors, 90 Lecturers and 47 Professors. Most academics at Monmouth University are Female Lecturer (51), Female Associate professor (51), and Male Associate professor (42).

The most common positions for non-instructional staff at Monmouth University are: Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 134 employees, Office and Administrative Support, with 119 employees, and Service with 118 employees.

Endowment

$153M

2023 Endowment

18.4%

growth from 2022

Monmouth University has an endowment valued at about $153M, as of the end of the 2023 fiscal year. The endowment of Monmouth University grew 18.4% from the previous year. The value of their endowment was $103M higher than than the median endowment of Masters Colleges and Universities according to the Carnegie Classification grouping.

This line chart shows how the endowment at Monmouth University (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Masters Colleges & Universities: Larger Programs Carnegie Classification grouping.

Government Grants and Contracts

Grants & Contracts

$2.55M - Federal
$1.43M - State
$75k - Local

As of 2023, Monmouth University received $2.55M in grants and contracts from the federal government, $1.43M from state grants and contracts, and $75k from local grants and contracts.

Salary Expenditure

$88.6M

2023 Salaries

1.06%

decline from 2022

In 2023, Monmouth University paid a median of $88.6M in salaries, which represents 49.4% of their overall expenditure ($179M) and a 1.06% decline from the previous year. This is compared to a 0.975% decline between 2021 and 2022, and a 2.05% decline between 2020 and 2021.

The median for similar Masters Colleges and Universities is 36.1M (39.6% of overall expenditures).

Instructional Salaries

$27.1M

Instructional Salaries

271

Number of Employees

In 2023, Monmouth University paid a total of $27.1M to 271 employees working as instructors, which represents 30.5% of all salaries paid.

This is compared to a median of $1.12M (2.97%) for similar Masters Colleges and Universities.

Occupations by Share

Associate professor

Most Common Instructor

93 Employees

Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media

Most Common Non-Instructional Employee

134 Employees

In 2023, the most common positions for instructional staff at Monmouth University were Associate professor with 93 employees, Lecturer with 90 employees, and Professor with 47 employees.

In 2023, the most common positions for non-instructional staff at Monmouth University were Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 134 employees, Office and Administrative Support with 119 employees, and Service with 118 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2023)

Female Lecturer
Female Associate professor
Male Associate professor

In 2023, the most common demographic for instructional staff at Monmouth University was Female Lecturer with 51 employees, Female Associate professor with 51 employees, and Male Associate professor with 42 employees.

This chart shows the sex split between each academic rank present at Monmouth University.

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