Monmouth University

www.monmouth.edu

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2020 Undergraduate Tuition

$39,968

2.8% growth from 2019

2020 Average Net Price

$31,594

After Financial Aid

2018 Student Loan

3.31%

Default Rate

2020 Acceptance Rate

78.9%

8,367 Applicants

2020 Enrolled Students

5,674

82.8% Full-Time

2020 Graduation Rate

74.4%

786 Graduates

About

Monmouth University is a higher education institution located in Monmouth County, NJ. In 2020, the most popular Bachelor's Degree concentrations at Monmouth University were General Business Administration & Management (308 degrees awarded), Speech Communication & Rhetoric (98 degrees), and General Health Services (85 degrees).

In 2020, 1,809 degrees were awarded across all undergraduate and graduate programs at Monmouth University. 64.6% of these degrees were awarded to women, and 35.4% awarded men. The most common race/ethnicity group of degree recipients was white (1,292 degrees), 6.63 times more than then the next closest race/ethnicity group, hispanic or latino (195 degrees).

The median undergraduate tuition at Monmouth University is $39,968, which is $17,438 more than the national average for Masters Colleges and Universities ($22,531).

Costs

The median undergraduate tuition at Monmouth University is $39,968, which is $17,438 more than the national average for Masters Colleges and Universities ($22,531).

After taking grants and loans into account, the average net price for students is $31,594.

In 2020, 98% of undergraduate students attending Monmouth University received financial aid through grants. Comparatively, 67% of undergraduate students received financial aid through loans.

Tuition Costs

$39,968

2020 Undergraduate Tuition

In 2020, the cost of tuition at Monmouth University was $39,968. The cost of tuition at Monmouth University is $17,438 more than than the overall (public and private) national average for Masters Colleges and Universities ($22,531).

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

Average Net Price

$31,594

2020 Value

2.1%

1 Year Growth

In 2020 Monmouth University had an average net price — the price paid after factoring in grants and loans — of $31,594. Between 2019 and 2020, the average net price of Monmouth University grew by 2.1%.

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

$11,879

Room and Board

$996

Books and Supplies

The average yearly cost of room and board at Monmouth University was of $11,879 in 2020. During the same period, the average yearly cost of books and supplies was $996. The cost of room and board increased by 3.13% between 2019 and 2020. The cost of books and supplies decreased by 4.78% 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

98%

Undergraduates Receiving Financial Aid through Grants

67%

Undergraduates Receiving Financial Aid through Loans

98% of undergraduate students at Monmouth University received financial aid through grants or loans in 2020. This represents a growth of 2.08% with respect to 2019, when 96% 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.

3.31%

2018 Default Rate

Number of Defaults

In 2018 the default rate for borrower's at Monmouth University was 3.31%, which represents 49 out of the 1480 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 8,367 undergraduate applications in 2020, which represents a 6.87% annual decline. Out of those 8,367 applicants, 6,604 students were accepted for enrollment, representing a 78.9% acceptance rate.

There were 5,674 students enrolled at Monmouth University in 2020, and 89% of first-time enrollees submitted SAT scores with their applications.

Monmouth University has an overall enrollment yield of 13.9%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

78.9%

Acceptance Rate in 2020

6,604

Accepted Out of 8,367

In 2020, the undergraduate acceptance rate of Monmouth University was 78.9% (6,604 admissions from 8,367 applications). This is higher than the acceptance rate of 2019, which was 76.6%. Between 2019 and 2020, the number of applicants declined by −6.87%, while admissions declined by −4.1%.

This chart compares the acceptance rate of Monmouth University (in red) with that of other similar universities.

SAT Scores

89%

Submission Percentage

818

Scores Submitted

89% of enrolled first-time students at Monmouth University in 2020 submitted SAT scores with their applications.

This chart shows the SAT scores for the 25th and 75th percentile of applicants broken out into each section of the test that their are evaluated on.

Enrollment

Monmouth University has a total enrollment of 5,674 students. The full-time enrollment at Monmouth University is 4,700 students and the part-time enrollment is 974. This means that 82.8% of students enrolled at Monmouth University are enrolled full-time.

The enrolled student population at Monmouth University, both undergraduate and graduate, is 69.2% White, 13.8% Hispanic or Latino, 5.82% Black or African American, 2.89% Asian, 2.2% Two or More Races, 0.0705% American Indian or Alaska Native, and 0.0529% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Monmouth University in full-time Undergraduate programs are most commonly White Female (42.2%), followed by White Male (26.9%) and Hispanic or Latino Female (10.3%). Students enrolled in full-time Graduate programs are most commonly White Female (54.7%), followed by White Male (18.5%) and Hispanic or Latino Female (7.25%).

Full-Time vs Part-Time Enrollment

82.8%

Full-Time Enrollment

The total enrollment at Monmouth University, both undergraduate and graduate, is 5,674 students. The full-time enrollment at Monmouth University is 4,700 and the part-time enrollment is 974. This means that 82.8% of students enrolled at Monmouth University are enrolled full-time compared with 68.8% 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

80%

2020 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 80%. Compared with the full-time retention rate at similar Masters Colleges and Universities (75%), 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

White
3,924
Hispanic or Latino
783
Black or African American
330

The enrolled student population at Monmouth University is 69.2% White, 13.8% Hispanic or Latino, 5.82% Black or African American, 2.89% Asian, 2.2% Two or More Races, 0.0705% American Indian or Alaska Native, and 0.0529% Native Hawaiian or Other Pacific Islanders. 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 52.6% White, 16.6% Hispanic or Latino, and 13% 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, 242 students (4.27%) did not report their race.

Graduates

In 2020, 529 more women than men received degrees from Monmouth University. The most common race/ethnicity group of degree recipients at Monmouth University is white (1,292 degrees awarded). There were 6.63 times more white graduates than the next closest race/ethnicity group, hispanic or latino (195 degrees).

The most common Bachelor's Degree concentration at Monmouth University is General Business Administration & Management (308 degrees awarded), followed by Speech Communication & Rhetoric (98 degrees) and General Health Services (85 degrees).

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 Public Administration and Social Service (123 degrees awarded), Communications (117 degrees), and English (54 degrees).

Common Jobs by Major

Elementary & middle school teachers

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 Elementary & middle school teachers (1,880,363 people), Secondary school teachers (457,277 people), Education administrators (327,340 people), Other managers (269,376 people), and Lawyers, & judges, magistrates, & other judicial workers (223,375 people).

The most specialized majors at Monmouth University are Public Administration and Social Service (123 degrees awarded), Communications (117 degrees), English (54 degrees), History (31 degrees), and Education (233 degrees).

Highest Paying Jobs by Major

Surgeons

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 Surgeons, Nuclear medicine technologists and medical dosimetrists, Clinical and counseling psychologists, Computer hardware engineers, and Entertainers & performers, sports & related workers, all other

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 (3,116,388 people), Colleges, universities & professional schools, including junior colleges (503,696 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (243,747 people), Legal services (195,854 people), and Computer Systems Design (180,765 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

General Business Administration & Management
308 degree-majorss awarded
Speech Communication & Rhetoric
98 degree-majorss awarded
General Health Services
85 degree-majorss awarded

In 2020, the most common bachelors degree concentration at Monmouth University was General Business Administration & Management with 308 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

640

Degrees Awarded to Men

in 2020

1,169

Degrees Awarded to Women

in 2020

In 2020, 640 degrees were awarded to men at Monmouth University, which is 0.547 times less than the number of degrees awarded to females (1,169).

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

Most Common Male Majors

In 2020, 234 degrees were awarded to men at Monmouth University in General Business Administration & Management, which is 1.39 times more than the 168 female recipients with that same degree.

Most Common Female Majors

In 2020, 168 degrees were awarded to women at Monmouth University in General Business Administration & Management, which is 0.718 times less than the 234 male recipients with that same degree.

Time to Complete

56%

100% Completion Time

69%

150% Completion Time

In 2020, 56% 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 Male

Highest Graduation Rate (81.3%)

The student demographic with the highest graduation rate at Monmouth University is Male and Two or More Races (81.3% graduation rate). Across all Masters Colleges and Universities, Asian Female students have the highest graduation rate (72.4%).

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, 1.91% of graduates (15 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity

White
1,292 degrees awarded
Hispanic or Latino
195 degrees awarded
Black or African American
107 degrees awarded

The most common race/ethnicity at Monmouth University is white (1,292 degrees awarded). There were 6.63 times more white recipients than the next closest race/ethnicity group, hispanic or latino (195 degrees).

5.31% of degree recipients (96 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic

White Female
846 degrees awarded
White Male
446 degrees awarded
Hispanic or Latino Female
129 degrees awarded

The most common race/ethnicity and sex grouping at Monmouth University is white female (846 degrees awarded). There were 1.9 times more white female recipients than the next closest race/ethnicity group, white male (446 degrees).

Operations

Monmouth University has an endowment valued at nearly $108M, as of the end of the 2020 fiscal year. The return on its endowment was of $3.35M (3.09%), compared to the 3.19% average return ($1.26M on $39.6M) across all Masters Colleges and Universities.

In 2020, Monmouth University had a total salary expenditure of $183M. Monmouth University employs 100 Associate professors, 90 Lecturers, and 70 Assistant professors. Most academics at Monmouth University are Female Lecturers (59), Female Associate professors(54), and Male Associate professors (46).

The most common positions for non-instructional staff at Monmouth University are: Office and Administrative Support, with 163 employees, Service, with 142 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 126 employees.

Endowment

$108M

2020 Endowment

0.581%

decline from 2019

Monmouth University has an endowment valued at about $108M, as of the end of the 2020 fiscal year. The endowment of Monmouth University declined 0.581% from the previous year. The value of their endowment was $68.8M 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

$6.21M - Federal
$1.97M - State
$48k - Local

As of 2020, Monmouth University received $6.21M in grants and contracts from the federal government, $1.97M from state grants and contracts, and $48k from local grants and contracts.

Salary Expenditure

$92.3M

2020 Salaries

1.61%

growth from 2019

In 2020, Monmouth University paid a median of $92.3M in salaries, which represents 50.4% of their overall expenditure ($183M) and a 1.61% growth from the previous year. This is compared to a 2.93% growth from 2018 and a 4.3% growth from 2017.

The median for similar Masters Colleges and Universities is 34.6M (40.9% of overall expenditures).

Instructional Salaries

$29.1M

Instructional Salaries

311

Number of Employees

In 2020, Monmouth University paid a total of $29.1M to 311 employees working as instructors, which represents 31.6% of all salaries paid.

This is compared to a median of $11M (31.8%) for similar Masters Colleges and Universities.

Occupations by Share

Associate professor

Most Common Instructor

100 Employees

Office and Administrative Support

Most Common Non-Instructional Employee

163 Employees

In 2020, the most common positions for instructional staff at Monmouth University were Associate professor with 100 employees; Lecturer with 90 employees; and Lecturer with 70 employees.

In 2020, the most common positions for non-instructional staff at Monmouth University were Office and Administrative Support with 163 employees; Service with 142 employees; and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 126 employees.

Instructors by Academic Rank and Sex

Most Common Demographic

Female Lecturer
Female Associate professor
Male Associate professor

In 2020, the most common demographic for instructional staff at Monmouth University was Female Lecturer with 59 employees, Female Associate professor with 54 employees, and Male Associate professor with 46 employees.

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