by our College Data Analytics TeamThe majority of college students don’t pay the full price for their education, as financial aid packages, including scholarships, grants, loans, and work-study opportunities, help to offset the costs.
Uncover the various financial aid options provided by Mercyhurst North East and determine which ones you may be eligible for by continuing your exploration.
Mercyhurst University North East Campus average financial aid offer for freshmen students is $13,316.00. 99% of first-year students are awarded financial aid, primarily comprising grants and scholarships.
Student loans come included in financial aid packages, however, the only true discount off of the price of college is a grant or scholarship that you do not need to pay back.
A student loan isn’t a genuine college price reduction, but rather an additional cost consideration. Discover how much student loan debt from Mercyhurst University North East Campus you could end up dealing with.
Institutional scholarships and grants refer to financial aid provided directly by a college or university to support students in covering their educational expenses. These awards can be either merit-based or need-based and do not require repayment. Merit-based institutional scholarships reward students who have demonstrated exceptional academic achievements, talents, or skills in specific areas. Such scholarships often take into account a student’s high school performance, standardized test scores, or extracurricular activities. On the other hand, need-based institutional grants are allocated to students who exhibit financial need. The amount awarded is usually determined by the student’s family’s financial circumstances and aims to cover the difference between the cost of attendance and the family’s capacity to pay. To assess eligibility for need-based grants, colleges and universities may use information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants play a crucial role in assisting students, as they can considerably lower the cost of college and make higher education more attainable.
The following numbers apply to scholarships and grants largely offered by the school itself.
90% of incoming freshmen (127 total) were given scholarships at Mercyhurst University North East Campus, averaging $7,435.00 per student. This puts it in the top 50th percentile among colleges and universities nationwide.
In addition to scholarships, 93% of freshman students (131 total) obtained federal grant aid, averaging $5,212.00 a piece.
Amount of Financial Assistance Per Income Level
The table below shows grant and scholarship distributions by income for first-year students getting any sort of federally-funded Title IV aid, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 40.43% | $15,206.00 |
| Income 30k-48k | 12.77% | $14,875.00 |
| Income 48k-75k | 10.64% | $13,473.00 |
| Income 75k-110k | 15.60% | $7,854.00 |
| Income 110k + | 9.22% | $7,428.00 |
The table above shows students who are obtaining Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
99% of the 141 undergraduates at Mercyhurst University North East Campus receive some sort of grant aid. This is a total of about 131 students getting an average of $13,316.00 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.