Number Received Financial Aid (All Undergraduate)
1,109
Percent Received Financial Aid(All Undergraduate)
87%
Average Aid Amount
$25,337
Number Received Financial Aid (Freshmen)
221
Percent Received Financial Aid (Freshmen)
100%
Financial Aid Information at Mount Mercy
For the academic year 2023-2024, a total of 1,109 students (87% of undergraduate students) received one or more financial aid including grants, scholarships, and/or student loans. The average financial aid amount is $25,337. For freshmen (Full-time, first-time degree-seeking undergraduate students), 221 students (100% of enrolled students) received financial aid.
The 2025 undergraduate tuition & fees at Mount Mercy University is $40,878, for reference.
All Undergraduate Students Financial Aid
For the academic year 2023-2024, a total of 1,109 students (87% of all students) have received grants or scholarships and the average received aid amount is $25,337. It includes federal, state, local, institutional, or other sources of grant aid.
The following table describes the financial aid statistics by aid types at Mount Mercy University for all undergraduate students.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Federal, state, local, institutional or other grant aid | 1,109 | 87% | $25,337 |
| Pell Grants | 329 | 26% | $4,767 |
| Federal Student Loans | 724 | 57% | $6,821 |
Beginning Students Financial Aid
a total of 221 beginning students (100% of all freshmen) have received any financial aid and 221 students (100% of all freshmen) awarded any student loans. The headcount includes the number of full-time, first-time degree-seeking beginning undergraduate students.
The below table shows the number and amount by the source of financial aid at Mount Mercy University.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Any Student Financial Aid | 221 | 100% | - |
| Grants or Scholarship from All Sources | 221 | 100% | $28,628 |
| Federal Grants | 49 | 22% | $6,134 |
| Pell Grants | 47 | 21% | $5,364 |
| Other Federal Grants | 38 | 17% | $1,276 |
| State/Local Grants | 59 | 27% | $6,825 |
| Institutional Grants | 221 | 100% | $25,446 |
| Student Loans | 128 | 58% | $8,218 |
| Federal Student Loans | 125 | 57% | $5,190 |
| Other Student Loans | 33 | 15% | $12,218 |
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