What is in a Normal Financial Aid Package at Mercy College
$19,393 is the standard Mercy College's first year financial aid package. Approximately 89.0% of new students obtain some financial aid, the majority of which is scholarships and grants.
Financial aid contains scholarships, grants, and student loans. However, college loans must be repaid, so they aren't a real college discount.
A college loan is not a legitimate college discount, but rather an additional cost consideration. Learn how much student loan debt from Mercy College you may end up taking on.
Number of Mercy College Grants & Scholarships
The stats and the graph following reference mainly grants from federal sources, plus some local and state grants. 67.0% of first years at Mercy College (613 total) were awarded a federal grant, averaging $4,952. In addition to grants, 87.0% of first years (795 total) were given scholarships by the college, totaling $6,381 per person.
How are scholarships and grants allocated to freshmen at Mercy College? View the graph below.
Grants are typically based on need while scholarships are merit-based.
How Income Level Affects Aid
The table following shows scholarship and grant distributions by income for freshman students getting any kind of federal Title IV assistance, including Federal PLUS loans.
|Income Level||Percent of Freshman||Average Assistance|
|Income 110k +||10.4%||$3,195|
Financial assistance from the government by means of loans, grants, and work-study is referred to as Title IV aid. Get more info on Title IV here..
The Standard Undergraduate Who Gets a Scholarship or Grant Will Get $9,922
63.0% of the 7,157 undergraduate students at Mercy College are given some type of grant aid. This is a total of about 4,532 students receiving about $9,922 per person.
Mercy College Financial Aid Info
|Financial Aid Department Website||https://www.mercy.edu/admissions/financial-aid|
|Net Price Calculator||https://www.mercy.edu/admissions/financial-aid/net-price-calculator/|