The financial aid process begins before a student even attends their first class at Mercy College. 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."
The first step in the financial aid process is filling out the Free Application for Federal Student Aid (FAFSA). All 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). The EFC indicates how much a student (family) will be expected to pay for his or her education, and gives an idea of how much financial assistance might be received.
Students will receive their FAFSA award letters during the 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 contact the Financial Aid Office at 515-643-6636 or via e-mail at firstname.lastname@example.org.