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Cost and Financial Aid


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 non-citizen.
  • 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.
  • Be enrolled or accepted for enrollment as a regular student in an eligible degree or certificate program.
  • Be enrolled on at least a half-time (6-credit) basis to be eligible for Direct Loan program funds.
  • Sign statements on the FAFSA stating that:
    • You are not in default on a federal student loan and do not owe money on a federal student grant.
    • You will use federal student aid only for educational purposes.
    • You have not been convicted – on a federal or state level – of the possession or sale of drugs during a period for which you received federal student aid.  (Note that if you have been convicted of drug trafficking, timing is irrelevant).
  • Show you’re qualified to obtain a college education by:
    • Having a high school diploma or the recognized equivalent.
    • Completing a high school education in a homeschool setting approved under state law.

There may be additional criteria required for specific federal and state awards. Please see the individual grants, scholarships, and loans in order to determine if there is any additional eligibility criteria required.

New Jersey Residents

The New Jersey Higher Education Student Assistance Authority (NJHESAA) collects additional income items not listed on the FAFSA. These items are needed to complete the student’s application for the NJ Tuition Aid Grant (TAG). The additional questions may be completed through a link on the confirmation page of the FAFSA or on the NJHESAA Web site.