! Alert!

  • Please be advised that Monmouth University will close at 1 pm on January 26, 2015, and will be closed Tuesday, January 27, 2015. Classes scheduled during this time are cancelled. Check MU Hotline at 732-263-5900 or MU website for additional updated information. Add/Drop is extended until Thursday, January 29, 2015. Stay safe. Thank you.
  • Interest Rate and Fees

    For loans disbursed after July 1, 2013, the interest rate is fixed at 6.41% (disbursement is the payment of the loan proceeds by the lender). As new, fixed interest rate of 7.21% will go into effect on July 1, 2014.

    Borrowers are charged, by the federal government, an up-front origination fee of 4.288% of the principal amount of the loan. The fee will be proportionally deducted from each loan disbursement. As of October 1, 2014, the origination fee will increase to 4.292%.