by our College Data Analytics TeamThe majority of students are not billed the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The sum total of attendance at Mercy College of Ohio can sound overpowering, but remember that the majority of students get some type of financial assistance.
What financial aid options can Mercy College offer, and what will you qualify for? Keep reading for more information. Keep scrolling to discover just how much financial aid could be open to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Use the information below to understand how much financial assistance you may get from Mercy College of Ohio.
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.
At Mercy College of Ohio, 100% of first-time, full-time freshmen received some form of financial aid approximately 33 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $11,104 |
| Institutional grants & scholarships | 97% | $9,570 |
| Federal Pell grants | 27% | $5,209 |
| State/local grants | 12% | $2,905 |
| Federal student loans | 24% | $4,813 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. Across the undergraduate body at Mercy College, around 83% of undergraduates were awarded grant or scholarship aid averaging $10,197 (across roughly 834 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 83% | $10,197 |
| Federal Pell grants | 33% | $4,181 |
| Federal student loans | 44% | $7,617 |
On-campus students receiving title-IV aid were awarded grants averaging $12,271.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $14,821 |
| $30,001 – $75,000 | $15,609 |
| Over $75,000 | $15,813 |
Remember these are net prices — what families pay after gift aid, not before.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $17,989 |
| Off-campus title-IV students | $15,709 |
For a customized cost estimate, visit Mercy College’s NPC: mercycollege.studentaidcalculator.com/survey.aspx.
Graduating students at Mercy College carry a median federal student debt of $15,084 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $15,084 |
| Median federal debt (graduates only) | $20,834 |
| Typical 10-year monthly payment (graduates) | $220.88/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The median alone does not show how widely outcomes vary across the student body. These percentiles trace how cumulative federal debt is spread among borrowers at Mercy College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,500 |
| 25th percentile | $7,500 |
| 75th percentile | $26,250 |
| 90th percentile (highest-debt students) | $35,500 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $14,332 |
| Middle income | $14,000 |
| High income | $16,664 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $14,757 |
| Continuing-generation students | $16,762 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $13,789 |
| Independent students | $15,750 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Mercy College.
Most undergraduate borrowing runs through the federal Stafford loan program. Below is the annual Stafford program activity at Mercy College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 5881 |
| Total Stafford loan amount | $116,230,956 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 8 |
| Total GI Bill amount | $69,380 |
| Average GI Bill amount per recipient | $8,673 |
References
More about our data sources and methodologies.