$5,909

Avg. Federal Grant

$6,223

Avg. Federal Loan

$96,404,088

Total Aid Awarded

Mercer University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

91%

Total Aid Amount Average Total Aid Awarded per year.

$96.404M

Financial Aid Official Website

financialaid.mercer.edu/

Mercer University(MU) provides financial assistance on the basis of the family’s ability to contribute. Last year, the university awarded over $96,404,088 in financial aid through scholarships, grants, loans, and work-study assistance.

Scholarships

University provides scholarships on the basis of student’s academic achievements, proven leadership, and participation in extracurricular activities- both in their schools and their communities. LU’s merit-based scholarships are offered through the following programs:

  • Mercer University Merit Scholarship is awarded to the students based on the strength of their academic record.
  • President’s Scholarship is offered to the fresher students of the university.

  • Dean’s Graduate Scholarship awarded to graduate students who have achieved academic achievements.

  • Faculty Scholarship, awarded to those who scored excellent high school grades.

  • University Scholarship awarded based on a combination of ACT/SAT scores.

Grants

Grants are gift assistance which is awarded on the basis of financial aid. Various grants awarded to the students at the university are as follows:

Federal Grants

  • Federal Pell Grant, awarded only to those students who have not earned a bachelor’s degree.

  • Federal Supplemental Educational Opportunity Grant(SEOG), this grant is awarded to those students who have less financial need.

State Grants

  • Georgia State Grants are awarded to the students who are residents of Georgia, the student has t fill the Georgia State Financial Aid Application (GSFAPP) to apply for State Grants and Scholarships.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

29%

State Grant Aid

81%

Institution Grant Aid

100%

Pell Grant

29%

Average Aid Awarded

Federal Grant Aid

$5,909

State Grant Aid

$5,725

Institution Grant Aid

$23,319

Pell Grant

$4,878

A federal grant is also an option for you if you meet the eligibility criteria, 29% of candidates cover up their expenses and the average of it is $5,909. The Pell grants average amount is $4,878 and serves 29% candidates.

In addition to these, the state grants also cover up the expenses of 81% of pupils and the average of it is  $5,725. You might depend upon the institutional scholarships and grants as almost 100% of all students get hold of them and the average of them is $23,319.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$32,852

$30,001 - $48,000

$32,159

$48,001 - $75,000

$31,478

$75,001 - $110,000

$27,376

Over $110,000

$27,953

A student having an annual family income of less than $30,000 might face an aid amount of $32,852 as the net aid price. You will find this amount to be lowered up to $32,159 in case of an income between the range of $30,001-$48,000.

The aid price decreases gradually as we talk about higher income brackets. For example, a family income ranging from $48,001-$75,000 might make your net price look $31,478 and for a range of $75,001-$110,000, your net aid price will amount to $27,376.

Student Loans for Mercer University

Average Loan Amount Average Loan Amount received per year.

$7,696/Year

Students Taking Out Loans

68%

Loan Default Rate

5.7%

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