Gwynedd Mercy University Financial Aid and Scholarships
Students Receiving Aid
73%
Total Aid Amount
$28.147M
Financial Aid Official Website
www.gmercyu.edu/admissions-aid/financial-aid-tuition
Students can avail of scholarships provided by the university, such as Activities Grant, Alumni Association Scholarship in Memory of Mother Catherine McAuley, Carnegie Dartlet $10,000 Scholarship, and Catholic High School Tuition Grant, if they find educational expenses to be on the higher side. Notably, almost all of the university students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $12,503,316. Notably, a total of 40% of the applicants to Gwynedd Mercy University receive the Federal Grant every year. In comparison, 100% of the students are awarded the Student Grant, 100% get the Institution Grant, and 40% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $5,051, the State Grant receivers and Institution Grant beneficiaries get $3,512 and $18,760, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,605. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At GMU, an estimated number of 84% of the applicants choose to go for student loans.
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