Monmouth University

https://www.monmouth.edu

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2024 Undergraduate Tuition

$45,752

3.75% growth from 2023

2024 Average Net Price

$34,072

After Financial Aid

2024 Acceptance Rate

89%

9,321 Applicants

2024 Enrolled Students

4,767

86.9% Full-Time

2024 Graduation Rate

71.9%

755 Graduates

About

Monmouth University is a higher education institution located in Monmouth County, NJ. In 2024, the most popular Bachelors Degree concentrations at Monmouth University were General Business Administration & Management (264 degrees awarded), General Health Services (91 degrees), and Speech Communication & Rhetoric (68 degrees).

In 2024, 1,493 degrees were awarded across all undergraduate and graduate programs at Monmouth University. 68.1% of these degrees were awarded to women, and 31.9% awarded men. The most common race/ethnicity group of degree recipients was white (1,048 degrees), 4.28 times more than then the next closest race/ethnicity group, hispanic or latino (245 degrees).

The median undergraduate tuition at Monmouth University is $45,752, which is $21,752 more than the national average for Masters Colleges and Universities ($24,000).

Masters Colleges & Universities: Larger Programs Masters Colleges and Universities

Costs

In 2024, the median undergraduate tuition at Monmouth University is $45,752, which is $21,752 more than the national average for Masters Colleges and Universities ($24,000).

After taking grants and loans into account, the average net price for students is $34,072.

In 2024, 98% of undergraduate students attending Monmouth University received financial aid through grants. Comparatively, 61% of undergraduate students received financial aid through loans.

Tuition Costs

$45,752

2024 Undergraduate Tuition

In 2024, the cost of tuition at Monmouth University was $45,752. The cost of tuition at Monmouth University is $21,752 more than than the overall (public and private) national average for Masters Colleges and Universities ($24,000).

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

Average Net Price

$34,072

2024 Value

2.54%

1 Year Growth

In 2024 Monmouth University had an average net price — the price paid after factoring in grants and loans — of $34,072. Between 2023 and 2024, the average net price of Monmouth University grew by 2.54%.

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

$16,349

Room and Board

$1,000

Books and Supplies

The average yearly cost of room and board at Monmouth University was of $16,349 in 2024. The cost of room and board increased by 26.6% between 2023 and 2024.

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

98%

Undergraduates Receiving Financial Aid through Grants

61%

Undergraduates Receiving Financial Aid through Loans

98% of undergraduate students at Monmouth University received financial aid through grants or loans in 2024. This represents a growth of 1.03% with respect to 2023, when 97% 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.

Admissions

Monmouth University received 9,321 undergraduate applications in 2024, which represents a 10.8% annual growth. Out of those 9,321 applicants, 8,298 students were accepted for enrollment, representing a 89% acceptance rate.

There were 4,767 students enrolled at Monmouth University in 2024. 18% of first-time enrollees submitted SAT scores with their applications.

Monmouth University has an overall enrollment yield of 9.98%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

89%

Acceptance Rate in 2024

8,298

Accepted Out of 9,321

In 2024, the undergraduate acceptance rate of Monmouth University was 89% (8,298 admissions from 9,321 applications). This is lower than the acceptance rate of 2023, which was 89.5%. Between 2023 and 2024, the number of applicants grew by 10.8%, while admissions grew by 10.2%.

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

18%

Submission Percentage (2024)

150

Scores Submitted (2024)

18% of enrolled first-time students at Monmouth University in 2024 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 4,767 students in 2024. The full-time enrollment at Monmouth University is 4,144 students and the part-time enrollment is 623. This means that 86.9% of students enrolled at Monmouth University are enrolled full-time.

The enrolled student population at Monmouth University, both undergraduate and graduate, is 66.9% White, 16.9% Hispanic or Latino, 5.56% Black or African American, 2.56% Asian, 2.54% Two or More Races, 0.0839% American Indian or Alaska Native, and 0.0839% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Monmouth University in full-time Undergraduate programs are most commonly White Female (43.8%), followed by White Male (24.4%) and Hispanic or Latino Female (12.5%). Students enrolled in full-time Graduate programs are most commonly White Female (50.2%), followed by White Male (14.8%) and Hispanic or Latino Female (9.93%).

Full-Time vs Part-Time Enrollment

86.9%

Full-Time Enrollment

The total enrollment at Monmouth University in 2024, both undergraduate and graduate, is 4,767 students. The full-time enrollment at Monmouth University is 4,144 and the part-time enrollment is 623. This means that 86.9% of students enrolled at Monmouth University are enrolled full-time compared with 67.1% 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%

2024 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 (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 (2024)

White
3,188 enrolled students
Hispanic or Latino
807 enrolled students
Black or African American
265 enrolled students

The enrolled student population at Monmouth University is 66.9% White, 16.9% Hispanic or Latino, 5.56% Black or African American, 2.56% Asian, 2.54% Two or More Races, 0.0839% American Indian or Alaska Native, and 0.0839% 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 47.4% White, 18.8% Hispanic or Latino, and 13.6% 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, 152 students (3.19%) did not report their race.

Graduates

In 2024, 539 more women than men received degrees from Monmouth University. The most common race/ethnicity group of degree recipients at Monmouth University is white (1,048 degrees awarded). There were 4.28 times more white recipients than the next closest race/ethnicity group, hispanic or latino (245 degrees).

The most common Bachelor's Degree concentration at Monmouth University is General Business Administration & Management (264 degrees awarded), followed by General Health Services (91 degrees) and Speech Communication & Rhetoric (68 degrees).

In 2024, 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 (46 degrees awarded), Public Administration and Social Service (82 degrees), and Communications (85 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 (307,021 people), Lawyers, & judges, magistrates, & other judicial workers (249,483 people), Elementary & middle school teachers (246,291 people), Social workers, all other (191,776 people), and Secondary school teachers (162,310 people).

The most specialized majors at Monmouth University in 2024 are English (46 degrees awarded), Public Administration and Social Service (82 degrees), Communications (85 degrees), History (22 degrees), and Protective Services (84 degrees) (as of 2024).

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

The most specialized majors at Monmouth University are English (46 degrees awarded), Public Administration and Social Service (82 degrees), Communications (85 degrees), History (22 degrees), and Protective Services (84 degrees) (as of 2024).

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 (675,261 people), Justice, public order, & safety activities (421,759 people), Colleges, universities & professional schools, including junior colleges (391,568 people), Computer Systems Design (229,563 people), and Legal services (224,563 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 (2024)

General Business Administration & Management
264 degrees awarded
General Health Services
91 degrees awarded
Speech Communication & Rhetoric
68 degrees awarded

In 2024, the most common bachelors degree concentration at Monmouth University was General Business Administration & Management with 264 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

477

Degrees Awarded to Men

in 2024

1,016

Degrees Awarded to Women

in 2024

In 2024, 477 degrees were awarded to men at Monmouth University, which is 0.469 times less than the number of degrees awarded to females (1,016).

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

Most Common Male Majors

In 2024, 180 degrees were awarded to men at Monmouth University in General Business Administration & Management, which is 1.21 times more than the 149 female recipients with that same degree.

Most Common Female Majors

In 2024, 149 degrees were awarded to men at Monmouth University in General Business Administration & Management, which is 0.828 times less than the 180 male recipients with that same degree.

Time to Complete

60%

100% Completion Time

68%

150% Completion Time

In 2024, 60% of students graduating from Monmouth University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 68% completed their degrees within 150% of the normal time, and 69% 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.

Hispanic or Latino Female

Highest Graduation Rate (78%)

The student demographic with the highest graduation rate in 2024 at Monmouth University is Female and Hispanic or Latino (78% graduation rate). Across all Masters Colleges and Universities, Asian Female students have the highest graduation rate (75.5%).

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.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2024)

White
1,048 degrees awarded
Hispanic or Latino
245 degrees awarded
Black or African American
70 degrees awarded

The most common race/ethnicity at Monmouth University is white (1,048 degrees awarded). There were 4.28 times more white recipients than the next closest race/ethnicity group, hispanic or latino (245 degrees).

2.28% of degree recipients (34 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2024)

White Female
1,056 degrees awarded
White Female
1,034 degrees awarded
White Female
1,006 degrees awarded

The most common race/ethnicity and sex grouping at Monmouth University is white female (1,056 degrees awarded). There were 1.02 times more white female recipients than the next closest race/ethnicity group, white female (1,034 degrees).

Operations

Monmouth University has an endowment valued at nearly $164M, as of the end of the 2024 fiscal year. The return on its endowment was of 20.1M (12.3%) compared to the 9.2% average return (4.22M on 45.9M) across all Masters Colleges and Universities.

In 2024, Monmouth University had a total salary expenditure of 177M. Monmouth University employs 96 Associate professors, 92 Lecturers and 45 Professors. Most academics at Monmouth University are Female Lecturer (56), Female Associate professor (50), and Male Associate professor (46).

The most common positions for non-instructional staff at Monmouth University are: Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 125 employees, Service, with 106 employees, and Office and Administrative Support with 89 employees.

Endowment

$164M

2024 Endowment

6.89%

growth from 2023

Monmouth University has an endowment valued at about $164M, as of the end of the 2024 fiscal year. The endowment of Monmouth University grew 6.89% from the previous year. The value of their endowment was $118M 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.

Salary Expenditure

$87.9M

2024 Salaries

0.763%

decline from 2023

In 2024, Monmouth University paid a median of $87.9M in salaries, which represents 49.8% of their overall expenditure ($177M) and a 0.763% decline from the previous year. This is compared to a 1.06% decline between 2022 and 2023, and a 0.975% decline between 2021 and 2022.

Instructional Salaries

$28.9M

Instructional Salaries

277

Number of Employees

In 2024, Monmouth University paid a total of $28.9M to 277 employees working as instructors, which represents 32.9% of all salaries paid.

This is compared to a median of $965k (3.13%) for similar Masters Colleges and Universities.

Occupations by Share

In 2024, the most common positions for non-instructional staff at Monmouth University were Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 125 employees, Service with 106 employees, and Office and Administrative Support with 89 employees.

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