$5,765

Avg. Federal Grant

$5,133

Avg. Federal Loan

$4,101,450

Total Aid Awarded

Mercy College of Health Sciences (MCHS) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

73%

Total Aid Amount Average Total Aid Awarded per year.

$4.101M

Financial Aid Official Website

www.mchs.edu/Admissions/Financial-Aid

As many as 97% of the students at MCHS get some sort of financial aid, and the total amount of assistance/loans provided is more than $4,356,817 in a year. At MCHS, the total percentage of applicants who receive the Federal Grant stands at 53%. Meanwhile, 75% of the applicants receive the Student Grant and 44% are awarded the Institution Grant, while 53% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,945, and the same stands at $5,545 for State Grant awardees and $1,986 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,548. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Mercy College of Health Sciences, the percentage of candidates who opt to avail of student loans is around 75%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

50%

State Grant Aid

47%

Institution Grant Aid

56%

Pell Grant

50%

Average Aid Awarded

Federal Grant Aid

$5,765

State Grant Aid

$5,473

Institution Grant Aid

$1,111

Pell Grant

$5,562

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$13,652

$30,001 - $48,000

$6,775

$48,001 - $75,000

N/A

$75,001 - $110,000

$3,028

Over $110,000

$1,830

Student Loans for Mercy College of Health Sciences (MCHS)

Average Loan Amount Average Loan Amount received per year.

$8,811/Year

Students Taking Out Loans

71%

Loan Default Rate

6.3%

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