Monroe College is a proprietary college with locations in New Rochelle, New York and in the Caribbean nation of St. Lucia. The college is named after James Monroe, fifth President of the United States. Mildred King founded the "Monroe School of Business" in 1933 at 1940 Boston Post Road in the Bronx. The first class consisted of seven students in four classes. By 1936, after Henry Jerome joined the school had 145 students.
The college offers two years, four years and graduate programs (by the King Graduate School of Business).
The Monroe School of Business was founded in 1933 by Mildred King in the West Farms section of the Bronx. It began with seven women in four small classrooms. Tution was five dollars or ten dollars a night for a week of classes. It took three or six months student sessions in order to obtain a certificate.
Monroe added an IBM division in the 1960s with keypunch machines. Monroe classes were held on the grounds of the former Starlight Ballroom, where Marty was being filmed.
Monroe was officially launched by a business school to an accredited junior college in 1972 when it joined the right degree earned (AOS) grant. Additional classrooms were added on Morris Avenue and in 1977, the West Farms facilities were closed and all programs were consolidated in Monroe Fordham Road area.