by our College Data Analytics TeamThe majority of students will never be charged the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The total price of attendance at Mercy College of Health Sciences can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
What financial aid options can Mercy College of Health Sciences offer you, and what will you qualify for? Keep reading for more information. Read on to find out what amount of financial assistance will be accessible to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. The figures below will help you estimate the aid you might receive from Mercy College of Health Sciences.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For freshmen starting at Mercy College of Health Sciences, 88% of new full-time first-years were awarded at least some aid (about 43 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 63% | $8,276 |
| Institutional grants & scholarships | 16% | $1,925 |
| Federal Pell grants | 45% | $5,178 |
| State/local grants | 33% | $7,564 |
| Federal student loans | 57% | $6,503 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At Mercy College of Health Sciences, some 61% of undergraduates were awarded an average grant or scholarship of $7,504 (for some 553 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 61% | $7,504 |
| Federal Pell grants | 34% | $5,125 |
| Federal student loans | 63% | $7,082 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $7,474.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $20,564 |
| $30,001 – $75,000 | $21,275 |
| Over $75,000 | $27,255 |
Each figure is the net price after grants and scholarships, not the published sticker price.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $26,924 |
| Off-campus title-IV students | $23,417 |
For a personalized estimate based on your family’s financial situation, use Mercy College of Health Sciences’s online cost calculator: www.mchs.edu/Portals/0/Html/npcalc.html.
A typical borrower at Mercy College of Health Sciences leaves with $12,500 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $12,500 |
| Median federal debt (graduates only) | $14,745 |
| Typical 10-year monthly payment (graduates) | $156.32/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
A single median figure conceals how much debt outcomes differ student to student. These percentiles trace how cumulative federal debt is spread among borrowers at Mercy College of Health Sciences.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,668 |
| 25th percentile | $7,479 |
| 75th percentile | $25,000 |
| 90th percentile (highest-debt students) | $32,500 |
Median debt varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $12,500 |
| Middle income | $12,500 |
| High income | $9,975 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,500 |
| Continuing-generation students | $12,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,166 |
| Independent students | $12,500 |
The figure below distills the debt data into a single burden category for Mercy College of Health Sciences.
Stafford loans are the federal government’s primary direct undergraduate lending program. The totals below capture Stafford lending at Mercy College of Health Sciences:
| Metric | Value |
|---|---|
| Stafford loan recipients | 4731 |
| Total Stafford loan amount | $71,346,201 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 14 |
| Total GI Bill amount | $205,463 |
| Average GI Bill amount per recipient | $14,676 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 4 |
| Total DoD amount | $9,750 |
| Average DoD amount per recipient | $2,438 |
References
More about our data sources and methodologies.