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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

Official telephone: (319) 363-8213
Toll-free telephone: (800) 248-4504
Fax number: (319) 363-5270
Website: www.mtmercy.edu
Screen last updated on: December 2016

The financial aid information below is valid for the 2015 academic year.

FINANCIAL AID OFFICE
Financial aid officer: Bethany Rinderknecht,
Director of Financial Aid
Contacting the office: 319 368-6467
800 248-4504, extension 6467 (toll free)
finaid@mtmercy.edu
FAFSA number: 001880

EXPENSES
Undergraduate tuition: $29,496; $29,496 out-of-state
Additional required fees: $200
Book fees: $1,200
Combined room and board expenses: $8,900

APPLYING FOR AID

Required form Priority date Rolling? Closing date
FAFSAMarch 1yesN/A

Applied for financial aid:
91% of first-year students
82% of full-time undergraduates
85% of part-time undergraduates
Determined to have financial need:
87% of first-year students
89% of full-time undergraduates
91% of part-time undergraduates
Students determined to have financial need who received any financial aid:
99% of first-year students
98% of full-time undergraduates
98% of part-time undergraduates
Students determined to have financial need who received any need-based gift aid:
100% of first-year students
99% of full-time undergraduates
90% of part-time undergraduates
Students receiving financial aid who received need-based self-help aid:
80% of first-year students
81% of full-time undergraduates
85% of part-time undergraduates
Students receiving financial aid who received any non-need-based gift aid:
19% of first-year students
12% of full-time undergraduates
7% of part-time undergraduates
Students receiving financial aid whose need was fully met (excluding PLUS loans and private alternative loans):
26% of first-year students
19% of full-time undergraduates
14% of part-time undergraduates
Average percent of need that was met of students who received any need-based aid (excluding PLUS loans and private alternative loans):
85% for first-year students
76% for full-time undergraduates
55% for part-time undergraduates
Average financial aid package (excluding PLUS loans and private alternative loans):
$26,022 for first-year students
$22,178 for full-time undergraduates
$9,687 for part-time undergraduates
Average need-based gift award:
$22,373 for first-year students
$18,181 for full-time undergraduates
$6,966 for part-time undergraduates
Average need-based self-help award (excluding PLUS loans and private alternative loans):
$4,555 for first-year students
$5,129 for full-time undergraduates
$4,042 for part-time undergraduates
Average need-based loan (excluding PLUS loans and private alternative loans):
$3,460 for first-year students
$4,276 for full-time undergraduates
$3,944 for part-time undergraduates
Students who had no financial aid need and who received non-need-based aid (excluding athletic awards and tuition benefits):
19% of first-year students
16% of full-time undergraduates
5% of part-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):
$16,306 for first-year students
$12,352 for full-time undergraduates
$4,194 for part-time undergraduates
Students who received a non-need-based athletic award:
19% of first-year students
12% of full-time undergraduates
0% of part-time undergraduates
Average non-need-based athletic award:
$4,459 for first-year students
$4,313 for full-time undergraduates
$310 for part-time undergraduates
School participates in Federal Work-Study Program: yes
Percent of students who received aid that participated in Federal Work Study: 100%

TYPES OF AID AVAILABLE
Types of loans available:
  • Direct Subsidized Stafford Loans
  • Direct Unsubsidized Stafford Loans
  • Direct PLUS Loans
  • Federal Perkins Loans
  • State Loans
  • College/University Loans
Parent loans packaged to meet need: yes
First-year loan package range: $1 - $22,100
Undergraduate loan package range: $1 - $22,100
Percent of undergraduates who have borrowed through all loan programs: 87%
Average student debt upon graduation: $26,603
Types of payment plans:
  • school's own payment plan(s)
Need-based scholarships/grants available:
  • need-based (general)
  • Federal Pell Grants
  • SEOG
  • state scholarships/grants
  • college/university scholarships/grants (institutional funds)
Non-need-based scholarships/grants available:
  • non-need-based (general)
  • academic merit scholarships/grants
  • creative arts/performance
First-year scholarship/grant award range: $4,500 (full tuition)
Undergraduate scholarship/grant award range: $1 (full tuition)

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