Undergraduate Financial Aid by Type

The average amount of grants of scholarship aid is $22,913 and the average loan amount is $8,991. The average financial aid amount is 58.65% of tuition & fees (tuition & fees: $39,070).
Number Receiving AidPercent Receiving AidTotal Amount of Aid ReceivedAverage Amount of Aid Received
Grant or scholarship aid1,204 97%$27,587,748$22,913
Pell Grants442 36%$1,884,173$4,263
Federal Students Loans820 66%$7,372,260$8,991

Undergraduate Student Financial Aid Comparison Chart

First-time (full-time) Undergraduate Students Financial Aid

For the full-time, first-time undergraduate students (freshmen, in most cases), 212 students have received one or more types of financial aid at Mount Mercy University.
The average amount of federal, state, local or institutional grant aid is $27,288 and the average amount of student loans awarded to full-time first-time undergraduate students is $10,743.
The following table shows the financial data by type of aid at Mount Mercy University.

First-time Undergraduate Financial Aid by Type

Number Receiving AidPercent Receiving AidTotal Amount of Aid ReceivedAverage Amount of Aid Received
Any Financial Aid212100%--
Grant or scholarship aid212 100%$5,785,057$27,288
Federal Grants70 33%$365,428$5,220
Pell Grants70 33%$330,188$4,717
Other Federal Grants50 24%$35,240$705
State/Local Grants94 44%$582,179$6,193
Institutional Grants212 100%$4,837,450$22,818
Student Loans139 66%$1,493,302$10,743
Federal Student Loans139 66%$1,143,550$8,227
Other Student Loans23 11%$349,752$15,207