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Can I afford Mercy College?

Posted by Lisa Croat on Jan 22, 2015 4:00:00 PM
Lisa Croat

Our team of full-time Financial Aid professionals have successfully collaborated with hundreds of Mercy College students and alumni to develop personalized financial aid packages.

The first step to receiving financial aid is filling out the Free Application for Federal Student Aid (FAFSA).  Mercy College's school code 006273. Once a student receives his or her FAFSA award notice, usually during late spring or summer, it becomes more clear how the student can pay for their education.

Don't forget to inquire with your organization's human resource office to determine if your benefits include tuition reimbursement, you might be pleasantly surprised.

According to Financial Aid Director Lisa Croat "83% of students attending Mercy College receive some type of financial aid, many of whom receive assistance from federal and state programs."

FafsaimageAll students should fill out a FAFSA, even if they do not think they will qualify. This application process begins January 1 and all applications must be submitted by July 1 for federal and state aid, but students are encouraged to apply as soon as possible to receive the maximum funds. Make sure to apply through the FAFSA website only.

The FAFSA requires family financial information, so it’s important to have documents like tax returns ready for the application process. More information on the necessary documents to submit a complete application can be found on their website.



A few weeks after submitting the application, students will receive from the government a Student Aid Report. This report summarizes the information that was submitted and provides the Estimated Family Contribution (EFC). Students will receive their financial aid award letters from Mercy College during the spring/summer. The award may include Pell Grants, Federal Supplemental Educational Opportunity Grant (FSEOG)Stafford Loans or Parents PLUS Loans.

During this process, students are encouraged to apply for scholarships. More information on internal and external scholarship programs can be found on the Mercy College website.

Future or current students with questions about financial aid should stop by the Financial Aid Office or connect with them by phone at 515-643-6636 or via e-mail at financialaid@mchs.edu. 

Complete your  FAFSA today!

Topics: Paying for your College Education