by our College Data Analytics TeamMany students attending University of Detroit Mercy can expect to receive financial assistance in various forms, such as scholarships, grants, loans, and work-study programs, making the cost of attendance more manageable.
Interested in understanding the financial aid resources available at Detroit Mercy and your eligibility? Find the answers you seek below.
$20,483.00 is the typical University of Detroit Mercy’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.
Concerned about the student loans that might be part of your financing deal? Look at the average amount of debt per student at University of Detroit Mercy.
Institutional scholarships and grants are financial aid awards given by colleges and universities to help students manage tuition costs and other education-related expenses. These awards, which do not need to be repaid, can be classified as merit-based or need-based. Students who excel academically, possess unique talents, or have specific skills can be eligible for merit-based institutional scholarships. Factors such as high school performance, standardized test scores, or participation in extracurricular activities often contribute to eligibility for these scholarships. Need-based institutional grants, on the other hand, are awarded to students who demonstrate financial need. The amount given is generally based on the student’s family’s financial situation, aiming to cover the gap between the cost of attendance and the family’s capacity to pay. To assess a student’s eligibility for need-based grants, colleges and universities may rely on information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants are essential for students, as they can substantially lower college expenses and make higher education more affordable.
The next numbers refer to grants and scholarships mainly supplied by the college itself.
100% of incoming freshmen (513 total) were awarded scholarships at University of Detroit Mercy, averaging $16,578.00 a piece. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 35% of freshmen (180 total) obtained a federal grant, for about $6,744.00 a piece.
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 | 14.79% | $25,384.00 |
| Income 30k-48k | 11.09% | $25,746.00 |
| Income 48k-75k | 10.51% | $22,964.00 |
| Income 75k-110k | 13.62% | $20,181.00 |
| Income 110k + | 24.71% | $17,018.00 |
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.
100% of the 514 undergraduates at University of Detroit Mercy receive some sort of grant aid. This is a total of about 513 students getting an average of $20,483.00 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.