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Private College

Monmouth College

Private College in Monmouth, IL. Six-year graduation rate 65%. Median 10-year earnings $51,110.

Verdict Mixed outcomes
Monmouth College · Campus
Median earnings · 10 yr
$51,110
Median debt at grad
$27,000
Mobility score
1.5
% bottom→top quintile
Graduation rate
64.6%
Federal loan default
0%

The median ten-year earnings figure of $51,110 sits near the national middle rather than at either extreme. The six-year graduation rate is 65%, meaning about one in three students who start do not finish. Graduates leave owing a median of $27,000 — a substantial load to service on these earnings.

Earnings: College Scorecard, median ten years after entry across students who received federal aid — completers and non-completers alike.

Green Flags
  • ✓ 3-year loan default 0.0% — below national benchmark
Red Flags

Admissions

Acceptance rate
91%
Applicants
1,577
Yield rate
14.0%

Monmouth College admits 91% of applicants — effectively open admission, so the application is a formality rather than a hurdle. The applicant pool runs to 1,577, typical for a school of this reach. A 14% yield rate is low: the admitted pool is much larger than the entering class. The score bands below rest on the 21% of enrolled first-years who submitted an SAT score — a self-selected group, and not a cutoff.

Test score bands (middle 50% of submitters)

These bands describe the enrolled first-years who submitted a score, not the entering class. Where most students apply test-optional the submitters are a self-selected, higher-scoring group.

Test 25th–75th percentile Submitted
SAT Evidence-Based Reading 500–620 42 (21%)
SAT Math 500–590
ACT Composite 20–27 12 (6%)

IPEDS Admissions · 2024

Apply at Monmouth College →

Academics

Full-time retention
74%
Transfer-out rate
29%
Student:faculty
9:1

65% graduate within six years — average, but that average still hides a large group who do not. 74% of full-time first-years come back for year two, so about one in four are gone before sophomore year. 29% transfer out. IPEDS does not follow them, so whether they finished elsewhere is not recorded either way. At 9:1, students get materially more instructor contact than at a typical public university. This is a private nonprofit four-year college, so read every rate on this page against that peer group specifically.

Financial Aid

Average net price
$17,768
Full-time, first-time undergraduates paying the in-state rate who were awarded grant or scholarship aid
% receiving grants
100%
degree- or certificate-seeking undergraduates
% receiving federal loans
76%
degree- or certificate-seeking undergraduates

IPEDS Student Financial Aid · 2023-24 · grant and loan rates against 725 degree- or certificate-seeking undergraduates

Net price lands at $17,768 a year on average, neither cheap nor punishing. The income table below is the number that matters — $12,483 at $0–30k versus $21,678 at $110k+. Grant aid is widespread — 100% of students receive it, averaging $37,189. Most students borrow — 76% take federal loans to cover the gap.

Entering first-year students

A different, smaller group than the rates above: full-time students in their first year of college anywhere. The grant series here also excludes the "other sources" counted in the all-undergraduate figure, so the two are not comparable.

% receiving grants
100%
Average grant
$39,324

IPEDS Student Financial Aid · 2023-24 · 211 students

Net price by family income

The same students as the headline above, limited to those who received Title IV federal aid — a narrower group, with a lower overall average. IPEDS publishes no combined figure across these bands, so they should not be averaged into one.

Family income band Average net price
$0–30k $12,483
$30–48k $12,400
$48–75k $14,782
$75–110k $18,057
$110k+ $21,678

IPEDS Student Financial Aid · 2023-24

Federal student loans went to 548 of these 725 students, totalling $3,644,080 — an average of $6,650 each.

IPEDS Student Financial Aid · 2023-24

Local housing costs

Typical rents near campus (Warren County) — budget these against any cost-of-attendance housing estimate.

Studio
$632/mo
1 bedroom
$698/mo
2 bedroom (whole unit)
$916/mo

HUD Fair Market Rents (40th-percentile gross rent incl. utilities) · FY2026

Veterans & GI Bill

GI Bill students
17
Yellow Ribbon
Yes
Principles of Excellence
Yes

VA GI Bill Comparison Tool (Veterans Affairs GIDS)

Compare Monmouth College with peer institutions

How we evaluate Monmouth College

IPEDS
US Department of Education
College Scorecard
Post-grad earnings
Census PSEO
Earnings by major
Opportunity Insights
Mobility by institution
Read our full methodology →