by our College Data Analytics TeamThe total cost of attendance at Mercyhurst University can seem overwhelming, but remember that the majority of students receive some sort of financial assistance. This could be in the form of scholarships, grants, work-study, or loans.
Uncover the various financial aid options provided by Mercyhurst and determine which ones you may be eligible for by continuing your exploration.
Mercyhurst University average financial aid offer for freshmen students is $29,456.00. 100% of first-year students are awarded financial aid, primarily comprising grants and scholarships.
A financial aid package includes loans, grants, and scholarships. However, student loans have to be paid back, so they aren’t a true discount.
Student debt should be thought of as an “outcome” rather than “aid”. Read more about student loan debt at Mercyhurst University.
Financial awards given by a college or university to its students, known as institutional scholarships and grants, help to offset the cost of tuition and other education-related expenses. These awards fall into two categories: merit-based and need-based, and they do not need to be paid back. Merit-based institutional scholarships are granted to students who have shown outstanding academic accomplishments, special talents, or abilities in a particular field. Factors such as high school performance, standardized test results, or involvement in extracurricular activities often contribute to these scholarship decisions. Conversely, need-based institutional grants cater to students who demonstrate financial need. The awarded amount is typically based on the student’s family’s financial standing and is intended to cover the difference between the cost of attendance and the family’s ability to contribute. Colleges and universities might use data from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms to determine a student’s eligibility for need-based grants. Institutional scholarships and grants are a vital source of financial support for students, as they can significantly reduce the cost of attending college and help make higher education more accessible.
The stats below refer to aid that is provided by Mercyhurst University.
94% of new students (551 total) were offered scholarships at Mercyhurst University, averaging $28,465.00 per person. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 30% of first years (178 total) were awarded federal grant aid, averaging $7,234.00 each.
The next table shows grant and scholarship distributions by income for first-year students getting any form of federally-funded Title IV aid, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 12.31% | $32,344.00 |
| Income 30k-48k | 8.03% | $32,610.00 |
| Income 48k-75k | 11.45% | $31,778.00 |
| Income 75k-110k | 16.58% | $29,909.00 |
| Income 110k + | 31.79% | $25,275.00 |
The table above displays undergrads who are obtaining Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.
Of the 585 undergraduate students at Mercyhurst University around 100% (585 total) receive some form of grant aid. The typical amount awarded was $29,456.00.
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.