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National Application Center :: campus tours :: Mount Mercy University costs & financial aid

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Mount Mercy University

Mount Mercy University
1330 Elmhurst Drive, NE
Cedar Rapids, IA 52402-4797


Fax number: (319) 368-6492
Website: https://www.mtmercy.edu/
Screen last updated on: February 2024

The financial aid information below is valid for the 2023 academic year.

FINANCIAL AID OFFICE
Financial aid homepage: https://www.mtmercy.edu/
tuition-aid/
financial-aid/
net-price-calculator

EXPENSES
Undergraduate tuition: $38,070; $38,070 out-of-state
Book fees: $1,200
Miscellaneous expenses: $1,700
Other expenses: Estimated expense of transportation for residents.
Combined room and board expenses: $11,030

APPLYING FOR AID

Required form Priority date Rolling? Closing date
FAFSAN/AnoN/A

Date award notification begins: March 1
Applied for financial aid:
76% of first-year students
81% of full-time undergraduates
Determined to have financial need:
83% of first-year students
86% of full-time undergraduates
Students determined to have financial need who received any financial aid:
99% of first-year students
99% of full-time undergraduates
Students receiving financial aid who received need-based self-help aid:
64% of first-year students
73% of full-time undergraduates
Students receiving financial aid who received any non-need-based gift aid:
26% of first-year students
20% of full-time undergraduates
Students receiving financial aid whose need was fully met (excluding PLUS loans and private alternative loans):
33% of first-year students
26% of full-time undergraduates
Average percent of need that was met of students who received any need-based aid (excluding PLUS loans and private alternative loans):
83% for first-year students
79% for full-time undergraduates
Average financial aid package (excluding PLUS loans and private alternative loans):
$29,182 for first-year students
$29,211 for full-time undergraduates
Average need-based gift award:
$26,952 for first-year students
$26,161 for full-time undergraduates
Average need-based self-help award (excluding PLUS loans and private alternative loans):
$3,468 for first-year students
$4,262 for full-time undergraduates
Average need-based loan (excluding PLUS loans and private alternative loans):
$2,765 for first-year students
$3,657 for full-time undergraduates
Students who had no financial aid need and who received non-need-based aid (excluding athletic awards and tuition benefits):
28% of first-year students
27% of full-time undergraduates
Average award to students who had no financial aid need and who received non-need-based aid (excluding athletic awards and tuition benefits):
$21,567 for first-year students
$19,592 for full-time undergraduates
School participates in Federal Work-Study Program: yes

TYPES OF AID AVAILABLE
Types of loans available:
  • Direct Subsidized Stafford Loans
  • Direct Unsubsidized Stafford Loans
  • Direct PLUS Loans
Need-based scholarships/grants available:
  • need-based (general)
  • Federal Pell Grants
  • SEOG
  • state scholarships/grants
  • college/university scholarships/grants (institutional funds)
  • private scholarships/grants
Non-need-based scholarships/grants available:
  • non-need-based (general)
  • state scholarships/grants
  • academic merit scholarships/grants
  • creative arts/performance
  • special characteristics
  • athletic scholarships

Data is copyrighted material under license to Peterson's, LLC. Material may contain updates provided solely by the institution to which the updated Data relates. These updates are not independently validated, and no party associated with this website can accept responsibility for their accuracy. Copyright © 2021 by Peterson's, LLC. All rights reserved.