The information you provided on the FAFSA is forwarded electronically to Monmouth (and NJHESAA for NJ residents) and is used to put together a financial aid offer or package.
The financial aid offer may be made up of a combination of grants, scholarships, loans, and employment (federal work study for undergraduate students and Graduate Assistantship for graduate students). Use the links below to learn more about the specific types of funding available at Monmouth University:
- Undergraduate Financial Aid
- Graduate Financial Aid
We take great care in making sure that each student is considered for all types of financial aid and the financial aid offer represents the maximum amount of aid the student is eligible for. The initial financial aid offer is non-negotiable, unless the student and/or family are experiencing extenuating circumstances beyond their control. In that case, please follow our Special Circumstances Review process to request a re-evaluation of the student’s financial aid offer.
The initial financial aid offer is an estimate and there may be additional action(s) that the student may need to take to finalize some types of financial aid. Although the initial estimates are generally accurate, financial aid offers may change (either increase or decrease) as a result of one or more of the following:
- Changes in the student’s enrollment status (i.e., number of registered credits);
- Not meeting requirements for Satisfactory Academic Progress (SAP);
- Receipt of financial aid from an outside source;
- Changes in the student’s housing status (i.e., on- versus off-campus housing);
- Discrepancies noted as a result of the verification process; and/or
- Corrections made to the FAFSA by the student/parent
How do I find out about my Financial Aid Offer?
Students are notified of their financial aid offer through a digital award letter sent via email; for prospective students award letters are sent to the email address they provided on their application for admission, while for continuing students the award letter is sent to their Monmouth University student email address. In addition to the initial notification, award letters are also sent every time a change is made to the financial aid offer.
Award letters list the types and amounts of financial aid that make up the student’s financial aid offer for the academic year (fall and spring semesters). Grant and scholarship eligibility are grouped together, separate from the student’s loan eligibility. The letter also includes a cost breakdown based on the student’s expected housing status. Both the cost and financial aid awards are broken out for the fall semester only, spring semester only and for the full school year. We subtract out the student’s financial aid eligibility from the cost to provide you with an estimated amount you will pay. Need to know more? Take a look at our video explaining the award letter.
Award letters for the summer session are processed and emailed separately from the academic year award letter.