Montclair State University - Net Price, Tuition, Cost to Attend, Financial Aid and Student Loans

How much does it cost to attend?

In State New Jersey Resident Sticker Price

$33,342

In State Costs for Montclair State University
Fee	Cost
Tuition	$12,755
Other Fees	$1,007
Books and Supplies	$1,240
Room and Board	$16,170
Other Expenses Budget	$2,170

Out of State Resident Sticker Price

$42,052

Out of State Costs for Montclair State University
Fee	Cost
Tuition	$21,465
Other Fees	$1,007
Books and Supplies	$1,240
Room and Board	$16,170
Other Expenses Budget	$2,170

In-State Tuition

In-state tuition at Montclair State University for undergraduate students residing in New Jersey is $12,755. Room and board charges total $16,170 per year. Students will also need to budget for books and supplies, which typically amount to $1,240 annually. Other administrative or academic fees are $1,007 for the year. Additionally, students should plan an estimated $2,170 for other miscellaneous expenses throughout the year. In sum, residents attending Montclair State University full time should expect a total annual cost of $33,342.

Out-of-State Tuition

Undergraduate tuition at Montclair State University is $21,465 for out-of-state students. Additionally, out-of-state students are charged $16,170 for room and board, $1,240 for textbooks and educational resources, plus fees of $1,007. Students are advised to budget $2,170 for other expenses. When these costs are combined, annual out-of-state charges total $42,052. This figure is 26.1% higher than what New Jersey residents pay.

Housing Costs

On campus room and board is provided by the school at a cost of $16,170 per academic year. Students electing to live off campus elsewhere in Montclair should budget at least this amount.

Books and Supplies

The estimated annual cost for books and educational supplies is $1,240.

Other Living Expenses

If living on-campus, students should budget for $2,170 in additional living expenses. Off-campus students should budget for $3,896 in other miscellaneous living expenses.

All price data is sourced from the 2022/2023 U.S. Department of Education National Center for Education Statistics survey.

Net Price

The average reported annual net price for Montclair State University for students receiving grants or scholarship aid was $13,742* in 2019/2020. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses.

Average Net Price 2019/2020

$13,742

Below is the average net price by student family income.

Net Price by Income Montclair State University
Family Income	Net Price Paid
$0 to $30,000	$10,917
$30,001 to $48,000	$11,146
$48,001 to $75,000	$16,381
$75,001 to $110,000	$21,660
$110,000+	$24,204

The net price provides a more realistic estimate of the true cost of attending Montclair State University, once common grants and scholarships have been taken into account. It's important to note that your net price will fluctuate based on factors such as family income, assets and individual financial need. Net price is the out-of-pocket total cost that students end up paying or financing though student loans.

*Reported Average Annual Net Price for students receiving grant or scholarship aid reported to the U.S. Department of Education's Academic Year 2019/2020 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

Note that for colleges with no reported on-campus room and board, the average net price has been increased to account for living expenses. This number may not only reflect the net price paid to the school for tuition.

Financial Aid

66% of full-time undergrad Montclair State University received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $11,771 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back.

Pell Grants

48 percent of students received aid in the form of Pell Grants from the U.S. Federal Government. The average Pell Grant awarded for 2019/2020 was $5,334. To apply for a Pell Grant to attend Montclair State University, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).

Student Loans

47% of students received Federal Student Loans averaging $5,119 and 9% of undergrads took out private student loans averaging $17,456.

Finanical Aid Montclair State University
Type	Avg./Student	Students Receiving
Total Grant and Scholarship Aid	$11,771	66%
Institutional Grants and Scholarships	$4,771	38%
Pell Grants	$5,334	48%
Other Federal Grants	$556	25%
State and Local Grants	$8,047	40%
Federal Student Loans	$5,119	47%
Other Student Loans	$17,456	9%

Financial Aid Mix - $33,342 In-State Total Cost

CollegeSimply has modeled example payment coverage for the annual in-state tuition and living expenses of $33,342. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.

38%

16%

46%

Grants and Scholarships

38% - $11,771

Money granted to you by the U.S. Department of Education, Montclair State University or other organizations. These are not loans and do not need to be repaid.

Federal Student Loans

16% - $5,119

Low interest student loans funded by the U.S. Department of Education. This amount will need to be repaid.

Out of Pocket Cost

46% - $14,282

Covered by family savings, work or private student loans which you will have to repay.

Student Loans

To gauge a more realistic picture of what it really could cost you out of pocket to go to Montclair State University, we've modeled a ten year student loan with an original principal value of $54,968. The loan balance of $54,968 is a four year multiple of the $13,742 average net price. This is a estimate of what you could owe upon graduation if you were to qualify for average financial aid and what a degree really may cost. Should you not qualify for financial aid, you may owe significantly more when you graduate. Based on these assumptions, a monthly repayment of $625 could be required to pay off your student loan. The total of all payments including interest would sum $74,998.79.

Please note that financial aid is not guaranteed and is only available for qualifying students. Federal Student Loans are not grants and must be repaid with interest. The current Stafford loan interest rate is 6.53%.


Example Loan	$54,968
Stafford Loan Interest Rate	6.53%
Time to Pay Off Student Loan	10 years
Example Monthly Payment	$624.99
Total Interest Paid	$20,030.79
Sum of All Loan Payments	$74,998.79

Student Loan Affordability

In order to afford student loan payments and still meet all your other costs of living, it is recommended not to borrow more than you can pay back using 10% of your monthly income earned after graduation. If you're considering attending Montclair State University, should consider if it will be realistic to make the post graduation loan payments based on your expected salary.

Using the 10% of salary threshold, an annual income of $74,998.79 would be needed to afford a $624.99 monthly payment in the example $54,968.00 loan modeled above. This assumes a repayment over 10 years. You can change the terms of this example loan using the student loan calculator below. View statistics about Montclair State University student loan debt and graduate salaries under student outcomes.

Projected 4 Year Degree Price

4 Year Sticker Price

$133,368

Year	New Jersey Residents	Non Residents
1	$33,342	$42,052
2	$34,543	$43,567
3	$35,788	$45,137
4	$37,077	$46,763

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Montclair State University to be $133,368 - assuming graduation in normal time. The estimation assumes a 3.6% annual increase over the next 4 years which has been the recent trend for this school.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Montclair State University
	Price Per Credit	3 Credit Class	4 Credit Class
Out of State Residents	$763	$2,289	$3,052

Estimated cost for a class at Montclair State University based on published credit hour prices. Note that not all schools allow single class enrollment. These prices should be used for comparison purposes as to how much it may cost to take a class at Montclair State University versus other colleges.

Tuition Payment Plans Available

Montclair State University Payment Plans
Tuition Payment Plan	Yes
Prepaid Tuition Plan	No
Alternative Tuition Plan	Yes
Guaranteed Tuition Plan	No

Tuition History

Historical in-state and out-of-state tuition and price increases for Montclair State University.

Year	In-State	Out-of-state	Annual Increase
2021	$12,323	$20,443	2%
2020	$12,082	$20,042	0%
2019	$12,082	$20,042	8.5%
2018	$11,132	$18,920	3%
2017	$10,808	$18,920	23.3%
2016	$8,768	$16,659	3%
2015	$8,513	$17,060	0%
2014	$8,513	$17,060	4%
2013	$8,182	$17,060