Monmouth University

www.monmouth.edu

Add Comparison

2021 Undergraduate Tuition

$40,968

2.5% growth from 2020

2021 Average Net Price

$29,059

After Financial Aid

2019 Student Loan

1.77%

Default Rate

2021 Acceptance Rate

83.5%

8,208 Applicants

2021 Enrolled Students

5,436

85.1% Full-Time

2021 Graduation Rate

69.2%

781 Graduates

About

Monmouth University is a higher education institution located in Monmouth County, NJ. In 2021, the most popular Bachelors Degree concentrations at Monmouth University were General Business Administration & Management (369 degrees awarded), Speech Communication & Rhetoric (99 degrees), and General Health Services (91 degrees).

In 2021, 1,789 degrees were awarded across all undergraduate and graduate programs at Monmouth University. 66.6% of these degrees were awarded to women, and 33.4% awarded men. The most common race/ethnicity group of degree recipients was white (1,288 degrees), 5.99 times more than then the next closest race/ethnicity group, hispanic or latino (215 degrees).

The median undergraduate tuition at Monmouth University is $40,968, which is $17,784 more than the national average for Masters Colleges and Universities ($23,184).

Masters Colleges & Universities: Larger Programs Masters Colleges and Universities

Costs

In 2021, the median undergraduate tuition at Monmouth University is $40,968, which is $17,784 more than the national average for Masters Colleges and Universities ($23,184).

After taking grants and loans into account, the average net price for students is $29,059.

In 2021, 98% of undergraduate students attending Monmouth University received financial aid through grants. Comparatively, 64% of undergraduate students received financial aid through loans.

Tuition Costs

$40,968

2021 Undergraduate Tuition

In 2021, the cost of tuition at Monmouth University was $40,968. The cost of tuition at Monmouth University is $17,784 more than than the overall (public and private) national average for Masters Colleges and Universities ($23,184).

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

Average Net Price

$29,059

2021 Value

8.02%

1 Year Growth

In 2021 Monmouth University had an average net price — the price paid after factoring in grants and loans — of $29,059. Between 2020 and 2021, the average net price of Monmouth University grew by 8.02%.

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

$12,183

Room and Board

$1,000

Books and Supplies

The average yearly cost of room and board at Monmouth University was of $12,183 in 2021. The cost of room and board increased by 2.55% between 2020 and 2021.

During the same period, the average yearly cost of books and supplies was $1,000. The cost of books and supplies increased by 0.402% 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

64%

Undergraduates Receiving Financial Aid through Loans

98% of undergraduate students at Monmouth University received financial aid through grants or loans in 2021. This represents a growth of 0% with respect to 2020, 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.

1.77%

2019 Default Rate

Number of Defaults

In 2019 the default rate for borrower's at Monmouth University was 1.77%, which represents 27 out of the 1525 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 8,208 undergraduate applications in 2021, which represents a 1.9% annual growth. Out of those 8,208 applicants, 6,857 students were accepted for enrollment, representing a 83.5% acceptance rate.

There were 5,436 students enrolled at Monmouth University in 2021. 28% 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

83.5%

Acceptance Rate in 2021

6,857

Accepted Out of 8,208

In 2021, the undergraduate acceptance rate of Monmouth University was 83.5% (6,857 admissions from 8,208 applications). This is higher than the acceptance rate of 2020, which was 78.9%. Between 2020 and 2021, the number of applicants grew by 1.9%, while admissions grew by 3.83%..

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

28%

Submission Percentage (2021)

271

Scores Submitted (2021)

28% of enrolled first-time students at Monmouth University in 2021 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 had a total enrollment of 5,436 students in 2021. The full-time enrollment at Monmouth University is 4,628 students and the part-time enrollment is 808. This means that 85.1% of students enrolled at Monmouth University are enrolled full-time.

The enrolled student population at Monmouth University, both undergraduate and graduate, is 68.4% White, 14.9% Hispanic or Latino, 6.11% Black or African American, 2.8% Asian, 2.34% Two or More Races, 0.0552% Native Hawaiian or Other Pacific Islanders, and 0.0368% American Indian or Alaska Native.

Students enrolled at Monmouth University in full-time Undergraduate programs are most commonly White Female (43.1%), followed by White Male (25.4%) and Hispanic or Latino Female (11.1%). Students enrolled in full-time Graduate programs are most commonly White Female (53.8%), followed by White Male (15.7%) and Hispanic or Latino Female (10.7%).

Full-Time vs Part-Time Enrollment

85.1%

Full-Time Enrollment

The total enrollment at Monmouth University in 2021, both undergraduate and graduate, is 5,436 students. The full-time enrollment at Monmouth University is 4,628 and the part-time enrollment is 808. This means that 85.1% of students enrolled at Monmouth University are enrolled full-time compared with 68.3% 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

84%

2021 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 84%. Compared with the full-time retention rate at similar Masters Colleges and Universities (73%), 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 (2021)

White
3,720 enrolled students
Hispanic or Latino
809 enrolled students
Black or African American
332 enrolled students

The enrolled student population at Monmouth University is 68.4% White, 14.9% Hispanic or Latino, 6.11% Black or African American, 2.8% Asian, 2.34% Two or More Races, 0.0552% Native Hawaiian or Other Pacific Islanders, and 0.0368% 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 52% White, 16.9% Hispanic or Latino, and 12.8% 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, 200 students (3.68%) did not report their race.

Graduates

In 2021, 593 more women than men received degrees from Monmouth University. The most common race/ethnicity group of degree recipients at Monmouth University is white (1,288 degrees awarded). There were 5.99 times more white recipients than the next closest race/ethnicity group, hispanic or latino (215 degrees).

The most common Bachelor's Degree concentration at Monmouth University is General Business Administration & Management (369 degrees awarded), followed by Speech Communication & Rhetoric (99 degrees) and General Health Services (91 degrees).

In 2021, 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 (148 degrees awarded), English (68 degrees), and History (33 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 (261,009 people), Elementary & middle school teachers (255,859 people), Lawyers, & judges, magistrates, & other judicial workers (239,084 people), Social workers, all other (188,397 people), and Police officers (144,771 people).

The most specialized majors at Monmouth University in 2021 are Public Administration and Social Service (148 degrees awarded), English (68 degrees), History (33 degrees), Communications (110 degrees), and Protective Services (113 degrees) (as of 2021).

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, Physicians, Nuclear medicine technologists and medical dosimetrists, Diagnostic medical sonographers, and Magnetic resonance imaging technologists

The most specialized majors at Monmouth University are Public Administration and Social Service (148 degrees awarded), English (68 degrees), History (33 degrees), Communications (110 degrees), and Protective Services (113 degrees) (as of 2021).

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 (612,524 people), Justice, public order, & safety activities (408,966 people), Colleges, universities & professional schools, including junior colleges (365,593 people), Legal services (213,342 people), and General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (191,993 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 (2021)

General Business Administration & Management
369 degrees awarded
Speech Communication & Rhetoric
99 degrees awarded
General Health Services
91 degrees awarded

In 2021, the most common bachelors degree concentration at Monmouth University was General Business Administration & Management with 369 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

598

Degrees Awarded to Men

in 2021

1,191

Degrees Awarded to Women

in 2021

In 2021, 598 degrees were awarded to men at Monmouth University, which is 0.502 times less than the number of degrees awarded to females (1,191).

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

Most Common Male Majors

In 2021, 265 degrees were awarded to men at Monmouth University in General Business Administration & Management, which is 1.4 times more than the 189 female recipients with that same degree.

Most Common Female Majors

In 2021, 189 degrees were awarded to men at Monmouth University in General Business Administration & Management, which is 0.713 times less than the 265 male recipients with that same degree.

Time to Complete

60%

100% Completion Time

73%

150% Completion Time

In 2021, 60% of students graduating from Monmouth University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 73% completed their degrees within 150% of the normal time, and 74% 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 (85.7%)

The student demographic with the highest graduation rate in 2021 at Monmouth University is Male and Two or More Races (85.7% graduation rate). Across all Masters Colleges and Universities, Asian Female students have the highest graduation rate (72.9%).

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, 2.69% of graduates (21 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2021)

White
1,288 degrees awarded
Hispanic or Latino
215 degrees awarded
Black or African American
85 degrees awarded

The most common race/ethnicity at Monmouth University is white (1,288 degrees awarded). There were 5.99 times more white recipients than the next closest race/ethnicity group, hispanic or latino (215 degrees).

4.14% of degree recipients (74 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2021)

White Female
842 degrees awarded
White Male
446 degrees awarded
Hispanic or Latino Female
150 degrees awarded

The most common race/ethnicity and sex grouping at Monmouth University is white female (842 degrees awarded). There were 1.89 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 $138M, as of the end of the 2021 fiscal year. The return on its endowment was of 32.1M (23.2%) compared to the 13.1% average return (6.61M on 50.4M) across all Masters Colleges and Universities.

In 2021, Monmouth University had a total salary expenditure of 174M. Monmouth University employs 101 Associate professors, 90 Lecturers and 53 Assistant professors. Most academics at Monmouth University are Female Lecturer (59), Female Associate professor (57), and Male Associate professor (44).

The most common positions for non-instructional staff at Monmouth University are: Office and Administrative Support, with 138 employees, Service, with 129 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 124 employees.

Endowment

$138M

2021 Endowment

27.2%

growth from 2020

Monmouth University has an endowment valued at about $138M, as of the end of the 2021 fiscal year. The endowment of Monmouth University grew 27.2% from the previous year. The value of their endowment was $87.5M 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

$10.6M - Federal
$1.53M - State
$77.5k - Local

As of 2021, Monmouth University received $10.6M in grants and contracts from the federal government, $1.53M from state grants and contracts, and $77.5k from local grants and contracts.

Salary Expenditure

$90.4M

2021 Salaries

2.05%

decline from 2020

In 2021, Monmouth University paid a median of $90.4M in salaries, which represents 51.8% of their overall expenditure ($174M) and a 2.05% decline from the previous year.

The median for similar Masters Colleges and Universities is 35.1M (41.3% of overall expenditures).

Instructional Salaries

$28.9M

Instructional Salaries

297

Number of Employees

In 2021, Monmouth University paid a total of $28.9M to 297 employees working as instructors, which represents 32% of all salaries paid.

This is compared to a median of $11M (31.3%) for similar Masters Colleges and Universities.

Occupations by Share

Associate professor

Most Common Instructor

101 Employees

Office and Administrative Support

Most Common Non-Instructional Employee

138 Employees

In 2021, the most common positions for instructional staff at Monmouth University were Associate professor with 101 employees, Lecturer with 90 employees, and Assistant professor with 53 employees.

In 2021, the most common positions for non-instructional staff at Monmouth University were Office and Administrative Support with 138 employees, Service with 129 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 124 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2021)

Female Lecturer
Female Associate professor
Male Associate professor

In 2021, the most common demographic for instructional staff at Monmouth University was Female Lecturer with 59 employees, Female Associate professor with 57 employees, and Male Associate professor with 44 employees.

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