Monroe College is a private, for-profit institution located in New York City, New York. Founded in 1933, the college is named after James Monroe, the fifth President of the United States. It was originally a women’s school for business but has seen many transitions over the years. Students can choose between several campuses in the city, with classes offered in the Bronx, New Rochelle, and Saint Lucia.
Overview of Monroe College (MC)
The university is a national leader in higher education access, affordability, and attainment. It’s dedicated to delivering strong outcomes for students and always strives for continuous improvement. Other foundational values include honesty, transparency, accountability, and fairness.
Ranked among the Top Performers on Social Mobility by U.S. News and World Report in 2020, the institution has a long history of offering proven programs that increase strong outcomes for first-generation students, as well as those who are often under-served and under-represented. Monroe College has also been recognized in the New York Times as a leader in social mobility, moving students up the income ladder.
Total enrollment is 6,541, of which approximately 5,739 are pursuing undergraduate degrees. This number may not reflect all of the adult learners studying online. The college also employs 250 full-time and 227 part-time faculty members, all of whom provide instruction. This makes the student-to-faculty ration 18:1, with an average class size of 25.
|School Type||Private for-profit|
|Campus Setting||City: Large|
|Student Faculty Ratio||16:1|
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Monroe College Acceptance Rate and Admissions
|High School GPA||Required|
|High School Rank||Required|
|High School Transcripts||Required|
|College Prep Courses||Recommended|
|Formal demonstration of competencies||Recommended|
|TOEFL (Test of English as a Foreign Language)||Required|
|Common Application Accepted||No|
Monroe College Tuition Cost & Financial Aid
At Monroe College, undergraduate tuition is based on and the number of credit hours taken. The cost per credit hour is $643 or, for those enrolled full-time (12-18 hours), the cost per semester is $7,716. Rates are the same for in-state and out-of-state students. Tuition is different for graduate students, however, who pay $902 per credit hour or $6,250 per semester when enrolled in seven credit hours. Alternatively, those taking nine credit hours of classes pay $8,993. Notably, earning a second master’s degree from Monroe College is less expensive, as the cost per credit hour is only $524.
It's important to note some programs cost more than others. This is the case for nursing students, for example. Military students, however, can attend at discounted rates. Tuition for online classes is also slightly lower than the cost of taking classes on campus.
In addition to the cost of tuition, Monroe College also charges a wide variety of fees. Students are also responsible for books, supplies, room, meals, and transportation. The school estimates that undergraduate commuter students will pay a total of $13,221 per semester during the 2022-2023 academic year. Those living in dormitories are expected to pay $16,971 per semester, while online students in the United State will pay $12,891 per semester. International online students, however, are expected to pay only $8,057.
The institution is dedicated to helping students cover the cost of education. Notably, Monroe College’s Presidential Partnership Programs is among the most effective programs in New York for low-income and undocumented students. It accepts 1,000 students a year in order to increase college access, affordability, and outcomes. The school also offers 27 million dollars in scholarships and grants each year.
Prospective students can seek various types of financial aid including grants, scholarships, work study, and loans. All students are encouraged to fill out and submit the Free Application for Federal Student Aid (FAFSA, after which an aid package can be generated. In total, 94% of those enrolled at the school receive some type of financial aid. While most assistance comes in the forms of grants and scholarships, 41% of students still require loans in order to attend.
|Average net price||2018-2019|
|Average Total Aid||$12,396|
|Students Receiving Financial Aid||100%|
|Room & Board||$11,100|
- Tuition In-State - $15,860
- Tuition Out-of-State - $15,860
- Books and Supplies - $900
- Room & Board - $11,100
- Other - $4,700
Monroe College believes in the power of education to facilitate social mobility and transform communities. The institution offers an innovative curriculum taught by experienced industry professionals. It also integrates local, national, and global perspectives into instruction so that graduates are prepared to continued scholarship, professional growth, and career advancement.
Students can choose degrees at the associate, bachelor’s, and master’s levels, as well as some certificate programs. Additionally, the institution has well-developed academic options for adult and English as a second language (ESL) learners. There are also 20 fully online degrees available with 24/7 access to academic support.
For undergraduate degree seekers, there are 38 majors available from nine different subject areas:
- Criminal Justice
- Culinary Arts
- Health Care
- Hospitality Management
- Information Technology
For first-time, full-time students who began pursuing bachelor’s degrees at Monroe College in fall 2019, the retention rate was 80%. Retention for part-time students during this same timeframe was 69%. These statistics show that most students were pleased with their academic experiences enough to return for a second year of school in 2020.
The overall graduation rate in 2020 was 57%, with 24% of tracked students transferring out before their final academic year. It’s worth mentioning that only 34% of entering students fit the criteria for this survey, as the only individuals counted were first-time students attending the university full-time. This data is significant because it highlights the percentage of students who succeed in earning their degrees or certificates within 150% of the standard completion time. Notably, the institution’s graduation rate is among the highest in the country for students receiving Pell Grants.
Monroe College is accredited by the Middle States Commission on Higher Education (MSCHE), which is recognized by the United States Department of Education and the Council for Higher Education Accreditation. Institution accreditation was most recently affirmed in 2020. The college also offers many programs that have received specialized accreditation from state, regional, and/or national professional associations and boards. Some of the most prominent examples include the Accreditation Council for Business Schools and Programs (ACBSP), American Culinary Federation (ACF), Accreditation Commission for Education in Nursing (ACEN), and Council for the Accreditation of Educator Preparation (CAEP).
Student Population Total
Most Popular Programs & Majors
(# of Diplomas Awarded by Subject)
|All Business Majors||350 Total Graduates / 37%|
|Business Administration and Management, General||151 Graduates|
|Hospitality Administration/Management, General||109 Graduates|
|Business/Commerce, General||8 Graduates|
|Homeland Security, Law Enforcement, Firefighting and Related Protective Services||197 Total Graduates / 21%|
|Criminal Justice/Law Enforcement Administration||197 Graduates|
|Health Professions and Related Programs||185 Total Graduates / 20%|
|Health Services Administration||111 Graduates|
|Community Health and Preventive Medicine||54 Graduates|
|Registered Nursing/Registered Nurse||20 Graduates|
|All Computer Information Science Majors||92 Total Graduates / 10%|
|Computer and Information Sciences, General||70 Graduates|
|Computer and Information Systems Security/Auditing/Information Assurance||22 Graduates|
|Public Administration and Social Service Professions||79 Total Graduates / 8%|
|Human Services, General||79 Graduates|
|All Other Diplomas||4%|
Outcome & Salary
Monroe College graduates are pursuing careers at many of New York’s best known companies and institutions. The institution has a well-developed career services department that works to empower students and alumni to engage in strategic exploration, preparation, and action towards a lifetime of meaningful work. The school offers extensive career-centered programming, as well as access to a network of corporate partners that host 2,000 college interns each year. Career advisors are also available to assist students and alumni with self-assessments and personalized action plans. PayScale reports the average base hourly salary for graduates is $61,000, with average base hourly earnings of $19.04.
|College Grads Early Career Salary||NA|
|College Grads Average Salary||$58,351|
|College Grads Mid Career Salary||NA|
|Return on Investment (ROI)|
|10 Year Salary Earnings Potential||$583,510|
|20 Year Salary Earnings Potential||NA|
|Cost of Education (Net Price) 4 Year||$45,872|
|10 Year Projected ROI||$537,638|
|20 Year Projected ROI||NA|
|No College Education Salary Comparison|
|National Average Salary||$38,792|
|10 Year Projected Income||$387,920|
|20 Year Projected Income||$775,840|
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