Monmouth University is a private university located in West Long Branch, New Jersey. Founded in 1933 as Monmouth College, it became Monmouth University in 1995 after receiving its charter. There are about 4,000 full-time and 500 part-time undergraduate and 2,800 graduate students, as well as 244 full-time faculty members. About 73% of faculty members hold Ph.D.s or other terminal degrees in their field of study. The university's student-to-faculty ratio is about 15:1. Because of the university's relatively small student population, class sizes are capped between 20 and 35 and no classes are taught by teaching assistants. 44% of students live on-campus.