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Monmouth College

Monmouth, IL 61462-1998 — Private Nonprofit

Value Score: 55/100 | ROI Score: -72 | Affordability Score: 35/100

Tuition (In-State): $44,922 | Out-of-State: $44,922

Acceptance Rate: 90.9% | Graduation Rate: 62.2%

Median Earnings (10yr): $51,110 | Median Debt: $27,000

Student Body Size: 702 (small)

Tuition & Affordability Analysis

In-state tuition at Monmouth College is $44,922 per year, which is 14% above the national average for private institutions.

Out-of-state students pay $44,922/year — a premium of $0 over in-state rates. Over four years, out-of-state students pay approximately $0 more than their in-state peers.

Estimated four-year tuition cost: $179,688 (tuition only, not including room, board, and fees).

Admissions Snapshot

Monmouth College has an acceptance rate of 90.9%, placing it in the Open Admission (85%+) category. This means roughly 193 students apply each year.

Monmouth College accepts the majority of applicants, making it an accessible option for students across a range of academic backgrounds.

Graduate Outcomes & Return on Investment

62.2% of students at Monmouth College complete their degree, near the national average. This is a solid graduation rate.

Graduates of Monmouth College earn a median salary of $51,110 ten years after enrollment, 25% above the national average. This represents a $16,110/year earnings premium over the average high school diploma holder, or $483,300 in additional lifetime earnings over a 30-year career.

The median student debt at graduation is $27,000, 26% above the national average. On a standard 10-year repayment plan at 5.5% interest, this translates to approximately $293/month, with a total repayment of $35,160 (including $8,160 in interest).

Debt-to-Earnings Ratio: 0.53x. This is a healthy ratio, suggesting debt is manageable for most graduates.

Breakeven Point: Based on the earnings premium over high school graduates, a degree from Monmouth College pays for itself in approximately 12 years. This is a longer payback period — consider whether your intended major leads to higher-earning career paths.

Student Body & Campus Diversity

Monmouth College enrolls 702 undergraduate students. As a small institution, students can expect smaller class sizes, closer faculty relationships, and a tight-knit campus community.

Diversity Index: 48/100 (higher = more diverse). The student body is less diverse than average.

Student body composition: White 71%, Hispanic 11%, Black 10%, Asian 2%.

Monmouth College: A Selective Private Institution with Average Outcomes

Report Card: Overall Grade D+

Monmouth College receives an overall grade of D+ based on six dimensions:

  • Academics: D+
  • Value: F
  • Outcomes: C+
  • Affordability: C+

College Analysis

Monmouth College is a Private Nonprofit institution in Monmouth, IL with approximately 702 students. Monmouth College has a high admission rate, indicating strong selectivity. The college's graduation rate is below the national average for private colleges. Graduates earn a median salary of $51,110 after 10 years, which is average for small private colleges.

The Verdict: Is Monmouth College Worth It?

Monmouth College presents a challenging value proposition, primarily due to its high sticker price relative to the median earnings of its graduates. With an in-state and out-of-state tuition of $44,922 and median 10-year earnings of $51,110, the annual earnings barely exceed the annual tuition cost. The median debt of $27,000, while not excessively high, adds to the financial burden. The ROI score of -72 strongly indicates that, on average, graduates do not recoup their investment within a typical timeframe. To put it in perspective, it would take over 15 years of saving the entire difference between median earnings and tuition just to break even on the cost of attendance, not accounting for living expenses or loan interest. While the college offers a private liberal arts education, the career outcomes data suggests that the financial return on investment is significantly negative. Therefore, Monmouth College appears to be overpriced for the average graduate's earning potential. Students considering Monmouth College should explore all available financial aid and scholarship options thoroughly, as the net price is crucial to assessing its value. For most students, this school is not a good financial deal without substantial aid.

Return on Investment

The degree from Monmouth College is not particularly cost-effective, given the median earnings and graduation rate.

Debt Reality Check

Median student debt at Monmouth College: $27,000. Monthly payment on a standard 10-year plan: $307/month. Total repaid: $36,840 ($9,840 in interest).

Breakeven vs high school diploma: 1.3 years. Debt burden: Manageable. Salary needed for comfortable repayment: $36,840.

Strengths

  • Strong selectivity and emphasis on liberal arts education.
  • Located in a small town, offering a close-knit community.

Weaknesses

  • Below-average graduation rate and median earnings.
  • Higher tuition costs compared to some public institutions.

Academic Profile

Monmouth College prides itself on a liberal arts education with a strong emphasis on undergraduate research and faculty mentorship. The student-faculty ratio, though not explicitly provided, is likely quite low given the small student population, fostering intimate class sizes and personalized attention. Faculty are accessible and dedicated to teaching, often involving students in their own research projects. Notable departments include the highly regarded Business and Economics program, which benefits from strong ties to the local business community, and the Sciences, with robust offerings in Biology and Chemistry that often lead students to graduate programs or medical school. The English and History departments are also known for their rigorous coursework and opportunities for in-depth study. Monmouth offers a dedicated Honors Program for academically gifted students, providing enriched coursework and research opportunities. Study abroad is strongly encouraged, with numerous partnerships and programs available, allowing students to gain global perspectives. Academic support is robust, with the Center for Academic Success offering tutoring, writing assistance, and academic advising to ensure students have the resources they need to thrive. The college's commitment to undergraduate research is a significant draw, providing students with invaluable hands-on experience that prepares them for future academic and professional endeavors.

Financial Aid Guide for Monmouth College

Monmouth College offers a comprehensive financial aid program designed to make its private liberal arts education accessible. A significant portion of students receive some form of financial aid, with merit-based scholarships being a key component. These scholarships are often awarded automatically based on academic achievement (GPA and standardized test scores, if submitted) at the time of admission. For instance, students with strong academic profiles might receive merit awards ranging from $15,000 to $30,000 annually. Need-based aid, determined by the FAFSA and sometimes the CSS Profile, is also crucial. This can include federal grants like the Pell Grant (though the rate is not provided, it's a key federal resource), state grants, and institutional grants. Work-study opportunities are available, allowing students to earn money through part-time campus jobs, typically paying around the federal minimum wage. For families with an Expected Family Contribution (EFC) of, say, $10,000, a typical aid package might combine institutional grants, federal loans, and potentially a work-study award to bridge the gap between the total cost of attendance and the family's contribution. Scholarship tips include applying early, researching external scholarships, and highlighting unique talents or experiences in application essays. Negotiating financial aid at Monmouth is possible, especially if you have a competing offer from a similarly ranked institution, but it's generally more effective if you can demonstrate a significant change in financial circumstances. The average debt for graduates is $27,000, which is relatively moderate for a private institution, suggesting that aid packages are often effective in managing educational costs.

Hidden Costs at Monmouth College

  • Room and board costs can add approximately $12,000 to $15,000 per academic year, depending on the chosen meal plan and housing assignment.
  • Textbooks and course materials can easily cost between $1,000 and $1,500 annually, with some specialized courses requiring more expensive resources.
  • Student activity fees, often around $200-$300 per semester, contribute to campus events, clubs, and organizations.
  • Transportation costs, especially for students traveling home regularly or participating in off-campus activities, can range from a few hundred to several thousand dollars per year.
  • Personal expenses, including toiletries, laundry, entertainment, and snacks, can add up to $1,500-$2,500 annually.
  • Optional health insurance, if a student is not covered by a parent's plan, can cost upwards of $3,000 per year.
  • Parking permits for students with vehicles on campus can cost around $100-$200 per academic year.

Alumni Outcomes & Career Paths

Monmouth College graduates enter a diverse job market, with alumni finding opportunities across various sectors. While specific major employer recruitment data for Monmouth College is not publicly detailed, graduates often leverage their liberal arts foundation to pursue roles in education, healthcare, business, and non-profit organizations. Industries where alumni tend to cluster include K-12 education, with many graduates becoming teachers and administrators in Illinois and surrounding states. The healthcare sector also sees a significant number of alumni, particularly those with biology or pre-health concentrations, moving into roles as nurses, lab technicians, and administrative staff in regional hospitals and clinics. Business and finance roles are also common, with alumni working in banking, accounting, and marketing for companies like Busey Bank and local financial institutions. The non-profit sector benefits from Monmouth graduates who often find fulfilling careers in community outreach, social services, and arts organizations. Graduate school placement rates are generally strong, with students pursuing advanced degrees in fields such as law, medicine, education, and specialized master's programs. Notable alumni include individuals who have made significant contributions in their respective fields, though specific widely recognized public figures are less common for a college of this size. Monmouth College's career services are designed to support students through resume building, interview preparation, and networking events. The college emphasizes internship opportunities, with students often securing placements at local businesses, hospitals, and schools, providing valuable hands-on experience. Geographic hiring patterns show a strong tendency for graduates to remain in Illinois, particularly in the Quad Cities metropolitan area (Davenport, IA; Moline, IL; Rock Island, IL; Bettendorf, IA) and the Chicago metropolitan area, as well as in their home states if they are from out-of-state. Some alumni also find opportunities in neighboring states like Iowa and Wisconsin.

Campus Life & Culture at Monmouth College

Monmouth College attracts a predominantly residential student body, with a significant portion hailing from Illinois and surrounding Midwestern states, fostering a strong regional connection. The student body is generally composed of individuals who value a close-knit community, personalized attention from faculty, and a hands-on liberal arts education. Students who thrive here are typically engaged, curious, and eager to participate actively in campus life, both academically and socially.

Monmouth College cultivates a close-knit, residential campus experience deeply embedded in the heart of its namesake town. With a student body of just over 700, the 'Monmouth Effect' is palpable – you'll quickly recognize faces and forge meaningful connections. The campus itself is a blend of historic stone buildings and modern facilities, centered around the iconic Wallace Hall and the serene Whispering Woods. Student life is vibrant and accessible, with over 60 student organizations catering to a wide array of interests, from the Debate Club and the student newspaper, The Monmouth College Chronicle, to various cultural and academic clubs. The college strongly emphasizes experiential learning, which often translates into active participation in student government, leadership roles in clubs, and community engagement projects. Housing is guaranteed for the first three years, with options ranging from traditional residence halls like South Hall to apartment-style living for upperclassmen. The dining hall, located in the Stockdale Student Center, offers a variety of meal options, and students often gather at local spots like the historic Great Plains Theatre or the popular downtown cafes for informal socializing. While Greek life exists with a few fraternities and sororities, it's not the dominant social force, allowing for a more diverse social landscape. Athletics are a significant part of the culture, with the Fighting Scots competing in the Midwest Conference, fostering a strong sense of school spirit, especially during homecoming week and major sporting events. The overall vibe is one of engaged community, where students are encouraged to be active participants in shaping their college experience, both inside and outside the classroom.

Campus Highlights

  • The "Monmouth Effect": A strong sense of community where students quickly know each other and faculty.
  • The College Woods: A beautiful natural area on campus perfect for studying, relaxing, or outdoor activities.
  • The "Fighting Scots" Athletic Tradition: Active participation and strong school spirit surrounding collegiate sports.
  • Emphasis on Undergraduate Research: Opportunities for students to engage in meaningful research alongside faculty.
  • The "Old Main" Architecture: Historic and iconic buildings that lend character and a sense of tradition to the campus.
  • The "Global Gateway" Program: A strong encouragement and support system for study abroad experiences.
  • Close ties to the City of Monmouth: Students are encouraged to engage with and benefit from the local community.

Location & Regional Advantages

Monmouth, Illinois, offers a distinct regional context for Monmouth College students. The local job market is primarily driven by agriculture, manufacturing, and healthcare, with smaller businesses and service industries forming the backbone of the economy. While not a major industrial hub, Monmouth's proximity to the Quad Cities metropolitan area (approximately 45 minutes away) provides access to a larger and more diverse job market, including significant employers in manufacturing (e.g., John Deere), healthcare (e.g., Genesis Health System), and logistics. The cost of living in Monmouth is considerably lower than in major metropolitan areas, making student loan repayment potentially more manageable post-graduation. Quality of life in Monmouth is characterized by a small-town feel, with a focus on community and a slower pace of life. The weather is typical of the Midwest, with four distinct seasons, including cold winters and warm, humid summers. Safety is generally high in Monmouth, consistent with many small Midwestern towns. The geographic location, while offering affordability and a close-knit community, presents a challenge in terms of direct access to large, diverse, and high-paying job markets. Graduates seeking careers in highly specialized or rapidly growing industries may need to relocate to larger cities like Chicago or the Quad Cities to find suitable opportunities. However, for students interested in careers in education, local government, or community-focused roles within smaller towns, the Monmouth area can be advantageous.

How to Get Into Monmouth College

Monmouth College employs a rolling admissions process, meaning applications are reviewed as they are received, though applying by the priority deadlines (often in February for fall admission) is recommended to maximize scholarship consideration. With an admission rate of 90.9%, Monmouth is accessible to a broad range of students, but demonstrating genuine interest and a good fit for the liberal arts environment is still key. The admissions committee looks for students who are engaged, curious, and likely to contribute to the campus community. While SAT/ACT scores are not a primary focus (indicated by N/A data), strong academic performance in high school, reflected in your GPA, is crucial. Essays are an opportunity to showcase your personality, critical thinking skills, and why Monmouth specifically appeals to you; focus on your academic interests, extracurricular involvement, and how you envision contributing to the college. Demonstrated interest can be shown through campus visits (virtual or in-person), attending information sessions, and engaging with admissions counselors. Since selectivity is not extremely high, a well-rounded application with a clear articulation of your goals and how Monmouth can help you achieve them will stand out. Aim to submit your application and all supporting materials by early spring to ensure timely review for both admission and financial aid.

How Monmouth College Compares to Similar Schools

Similar schools: Knox College, Augustana College (Rock Island, IL), Coe College, Cornell College

Advantages

  • Potentially smaller class sizes due to its smaller overall student body, allowing for more personalized attention.
  • A strong emphasis on a liberal arts education that can foster critical thinking and broad skill development.
  • A more intimate campus community and potentially stronger alumni network within its immediate geographic region.

Disadvantages

  • Lower median graduate earnings compared to some peers, impacting the financial return on investment.
  • A less prominent national profile and potentially fewer recruitment pipelines to major corporations compared to larger or more regionally recognized institutions.
  • Geographic location in a smaller town may limit immediate access to diverse internship and job opportunities compared to peers located closer to larger metropolitan areas.

Best For

  • Prospective students who value a strong liberal arts education and are willing to invest in a selective private institution.
  • Students interested in high-earning career paths may want to consider other options.

Avoid If

  • Students seeking a high graduation rate or high median earnings after 10 years may want to explore other institutions.
  • Students with a lower tolerance for debt may find the cost of attendance to be prohibitive.

Frequently Asked Questions about Monmouth College

How much does it cost to attend Monmouth College?

In-state tuition at Monmouth College is $44,922 per year, and out-of-state tuition is $44,922 per year. The median student debt at graduation is $27,000.

What is the acceptance rate at Monmouth College?

Monmouth College has an acceptance rate of 90.9%.

What is the graduation rate at Monmouth College?

Monmouth College has a graduation rate of 62.2%.

How much do Monmouth College graduates earn?

The median earnings for Monmouth College graduates 10 years after enrollment is $51,110. With median debt of $27,000, graduates earn roughly 1.9x their debt level annually.

How big is Monmouth College?

Monmouth College has approximately 702 students and is classified as a small institution. It is located in Monmouth, IL and is a Private Nonprofit institution.

Is Monmouth College worth the cost?

Monmouth College has an ROI score of -72 out of 100. With in-state tuition of $44,922 per year and median post-graduation earnings of $51,110, the data suggests the return on investment may be below average.

Where is Monmouth College located?

Monmouth College is located in Monmouth, IL. It is a Private Nonprofit institution with approximately 702 students.

How much student debt do Monmouth College graduates have?

The median student debt for Monmouth College graduates is $27,000. With median earnings of $51,110 ten years after enrollment, graduates can expect a debt-to-income ratio of 53%.

Is Monmouth College a good college?

Monmouth College has a graduation rate of 62.2% and median post-graduation earnings of $51,110. Admission rate is 90.93%, indicating strong selectivity.

How does Monmouth College compare to similar colleges?

Graduation rate is 62.21%, below the national average for private colleges. Monmouth College offers a selective admissions process but has below-average graduation and earnings outcomes compared to peer institutions.

What career prospects do Monmouth College graduates have?

Graduates of Monmouth College are well-prepared for careers in a variety of fields, with a strong emphasis on liberal arts education.

What should prospective students know about Monmouth College?

Monmouth College is positioned in the mid-range of private colleges in terms of affordability and academic outcomes.

What makes Monmouth College stand out?

Median student debt is $27,000, which is average for private colleges.

What are the pros and cons of attending Monmouth College?

Median earnings after 10 years are $51,110, which is average for small private colleges.

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Analysis based on U.S. Department of Education data. Not enrollment advice. Verify information with the institution directly.