The
Office of Financial Aid is responsible for compiling the financial aid packages. Each student's financial aid package is prepared for a specific credit load and choice of housing.Changes in enrollment, housing, and/or the receipt of additional funds may necessitate revisions in your financial aid.
Financial Aid is disbursed through the Business Office. Students receiving financial aid will have these funds applied to their charges (tuition, room and board) and mandatory fees. All accepted financial aid is shown as a credit on the student account statement. Funds credited to your account are subject to revision due to changes in course registration, housing or receipt of additional resources.
If there is a MAP grant in your financial aid package, this award is an estimate based on a course registration of at least 4 course credits per semester. The MAP grant may be reduced each semester you are enrolled in less than 4 course credits.
First-time borrowers include returning students borrowing for the first time, transfer students and first-time freshmen.Loans for first-time borrowers at Monmouth College will not be disbursed until approximately 30 days after classes begin. This is in accordance with federal regulations.
If financial aid does not cover all charges, the net amount is your out of pocket cost.