For many students and their families, paying for college is a complex task that requires considerable planning. Monmouth University will work with students and parents to make that process less intimidating. With assistance from the Financial Aid Office, students can pursue a range of options to help them afford a quality education. The first step in the planning process is to complete the Net Price Calculator – this will give you an estimate of your eligibility for financial aid and your estimated out of pocket costs. Next, we encourage you to visit our faTV video portal with content for both students and parents.
Who is Eligible?
Many undergraduate students are eligible for some form of financial assistance. To determine eligibility, students first need to fill out the Free Application for Federal Student Aid (FAFSA). Financial aid awards are processed annually and offered based upon continued financial need, enrollment status, availability of funds, and maintenance of satisfactory academic progress.
The financial aid options available to undergraduates include the following:
- Grants and Scholarships: Forms of assistance that do not have to be paid back.
- Loans: Money that is borrowed and paid back, with interest, over time. There are a number of loan programs available to students.
- Employment: On-campus, off-campus, and nonprofit jobs for students—some of which are subsidized by the federal government. These earnings will not reduce the student’s future financial aid awards, and the work schedule is set around the student-employee’s class schedule.
Each financial aid package is individualized and tailored to the student; there is no cookie-cutter package. In essence, each student receives something different. The Financial Aid Office works with students to come up with the best solution—not only for them, but for their families, as well.
Help is Here
With so many options and possibilities, the financial aid process may seem overwhelming. But Monmouth’s financial aid counselors are available to ensure that it goes as smoothly as possible. Students and their families are encouraged to call 732-571-3463, send an e-mail to firstname.lastname@example.org, or visit the Financial Aid Office for assistance. Sometimes having a person to talk to can make all the difference.