by our College Data Analytics TeamMost students won’t pay the advertised price of a school. Instead, they will be provided with a financial aid plan that includes a mix of scholarships, grants, loans, and work-study. But some kinds of aid are more desirable than others, and some students will get more than others.
What financial aid options does Misericordia University offer, and what will you qualify for? Keep scrolling for answers.
$21,131.00 is the typical Misericordia University’s first year financial aid package. Approximately 100% of incoming freshmen obtain financial assistance, with the majority being offered as 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.
Student debt should be thought of as an “outcome” rather than “aid”. Read more about student loan debt at Misericordia 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 next numbers refer to grants and scholarships mainly supplied by the college itself.
100% of incoming freshmen (410 total) were awarded scholarships at Misericordia University, averaging $19,057.00 a piece. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 23% of first-year students (94 total) got federal grant aid, averaging $4,801.00 per person.
The following table displays scholarship and grant allocations by family income for freshman students receiving any kind of federal Title IV assistance, such as Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 10.24% | $28,574.00 |
| Income 30k-48k | 4.88% | $27,044.00 |
| Income 48k-75k | 11.22% | $23,411.00 |
| Income 75k-110k | 18.05% | $21,055.00 |
| Income 110k + | 37.80% | $19,093.00 |
The table above shows students who are receiving Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more.
410 Misericordia University undergrads obtain grant aid (this is about 100% of the entire undergraduate student population). The average amount these students receive is $21,131.00.
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.