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Cost and Financial Aid

The Application

Monmouth University uses the Free Application for Federal Student Aid (FAFSA) as its application for all aid programs; no supplementary applications are required. All students may file the FAFSA on the federal government’s Web site at you do not intend to file for financial aid, please notify our office.

The FAFSA may be filed as early as October 1 for each year the student intends to enroll. Monmouth University does not have established deadlines for processing financial aid. The IRS data retrieval process transfers income information directly from the IRS to the FAFSA, further streamlining your application and, possibly, reducing or eliminating the amount of additional documentation required.

Eligibility for federal student aid is based on financial need and several other factors. The most basic eligibility requirements to receive federal student aid are that a student must:

  • Be a U.S. citizen or eligible noncitizen.
  • Have a valid Social Security number.
  • Be registered with Selective Service (males between the ages of 18 and 25). Registration may be completed through the FAFSA, online at, or by phone at 847-688-6888.
  • Maintain satisfactory academic progress at Monmouth University.
  • Show you’re qualified to obtain a postsecondary education by
    • having a high school diploma or General Educational Development (GED) certificate;
    • passing an approved ability-to-benefit test (if you don’t have a diploma or GED certificate, a school can administer a test to determine whether you can benefit from the education offered at that school);
    • completing six credit hours or equivalent course work toward a degree or certificate;
    • meeting other federally approved standards your state establishes; or
    • completing a high school education in a homeschool setting approved under state law.
  • Be working toward a degree or certificate in an eligible program.
  • Not be in default on a federal student loan and not owe money on a federal student grant.
  • Certify that federal student aid will be used only for educational purposes.
  • Not be convicted of the possession or sale of illegal drugs. Students who feel they may not meet this requirement, should review the following.


The FAFSA is completed using the student’s federal income tax return and, when applicable, returns filed for the student’s spouse or parents, and should also include Monmouth University’s Title IV school code (002616). Students are encouraged to retain a copy of the online submission confirmation page for their records.

Note that the U.S. Department of Education randomly selects applications for verification. The verification process entails the comparison of actual financial data to that supplied on the FAFSA. Students selected for this process will be notified by the Financial Aid Office, and will be asked to supply a federal tax transcript, a completed federal verification worksheet, or other documents as requested. Tax transcripts may be requested directly from the IRS. If during this review discrepancies are discovered, they will be corrected to reflect the data on the official documentation. These corrections may result in a change—either an increase or decrease—in the student’s aid. In some cases, the aid may not change. Changes to aid will be communicated to the student via a revised award letter or direction to the student’s WebStudent account.