by our College Data Analytics TeamMost college students will not be charged the full price tag of a school. Instead, they will be offered a financial aid package that includes a combination of loans, grants, scholarships and possibly work-study opportunities.
Curious about the financial aid opportunities at Mercer and what you may be eligible for? Explore the answers here.
Mercer University average financial aid offer for freshmen students is $31,416.00. Financial aid is provided to about 100% of first-year students, with the bulk of support coming in the form of grants and scholarships.
Financial aid helps reduce the cost, or the full retail price of the college. However, be aware that the only true college discount is scholarships & grants.
Student debt should be thought of as an “outcome” rather than “aid”. Read more about student loan debt at Mercer University.
Colleges and universities offer institutional scholarships and grants as financial assistance to help students cover tuition fees and other educational costs. These awards, which do not require repayment, can be merit-based or need-based. Merit-based institutional scholarships recognize students who have exceptional academic records, special talents, or skills in particular areas. Eligibility for these scholarships often depends on factors such as a student’s high school performance, standardized test scores, or involvement in extracurricular activities. In contrast, need-based institutional grants are designed for students who show financial need. The amount awarded usually depends on the student’s family’s financial condition and aims.
The stats below refer to aid that is provided by Mercer University.
100% of incoming freshmen (897 total) were awarded scholarships at Mercer University, averaging $24,439.00 a piece. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 66% of freshman students (598 total) obtained federal grant aid, averaging $3,561.00 a piece.
The next table displays grant and scholarship distributions by family income for freshman students getting any kind of federally-funded Title IV aid, such as Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 14.56% | $36,916.00 |
| Income 30k-48k | 8.89% | $34,969.00 |
| Income 48k-75k | 10.56% | $31,552.00 |
| Income 75k-110k | 11.56% | $29,637.00 |
| Income 110k + | 15.33% | $28,046.00 |
The table above displays undergrads who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.
100% of the 900 undergraduates at Mercer University receive some sort of grant aid. This is a total of about 899 students getting an average of $31,416.00 per person.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.