OVERVIEW PROGRAMS AND TUITION ADMISSIONSFINANCIAL AID

Monmouth College Financial Aid and Scholarships 2022

Located in Monmouth, IL, Monmouth College is a private, Presbyterian Church (USA) university. Monmouth College occupies a total area of about 112 acres. In 1853, Monmouth College was founded. Keeping the pursuit of research, innovation, and excellence at the center, Monmouth College has been imparting quality education to its students. The motto of the varsity is Lux (Latin) and its official colors are red and white. Taking into account all the courses offered at Monmouth College, the total e

Monmouth College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

100%

Total Aid Amount Average Total Aid Awarded per year.

$29.295M

Financial Aid Official Website

https://ou.monmouthcollege.edu/admissions/financial-aid/default.aspx

Notably, almost all of the college students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $4,470,984. One can visit MC's financial aid page at https://ou.monmouthcollege.edu/admissions/financial-aid/default.aspx for more information. The total percentage of candidates applying to Monmouth College who receive the Federal Grant is 35%. On the other hand, 100% of the candidates get the Student Grant, 99% receive the Institution Grant, and 35% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,171, and the same stands at $4,869 for State Grant awardees and $27,603 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,633. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Students whose family income per annum is less than $30,000 will receive a federal aid of $33,530 on average in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $33,292, while those falling in the $48,001-$75,000 income category get $30,869 a year. Those with an annual income level of $75,001-$110,000 would receive $27,832, while candidates with more than $110,000 of family income receive an average federal aid of $23,477. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Monmouth College, the percentage of candidates who opt to avail of student loans is around 76%.

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