Mercyhurst University Financial Aid and Scholarships
Students Receiving Aid
99%
Total Aid Amount
$60.785M
Financial Aid Official Website
www.mercyhurst.edu/admissions-aid/undergraduate-admissions/costs-financial-aid/
Such schemes include Joseph P. Gavenonis Scholarship, Ohio College Opportunity Grant, and Technology Scholarship. It is interesting to note that almost every student at MU receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $10,872,405. More information regarding the financial assistance schemes can be accessed on MU’s official financial aid page at http://www.mercyhurst.edu/admissions-aid/undergraduate-admissions/costs-financial-aid/. At MU, the total percentage of applicants who receive the Federal Grant stands at 31%. On the other hand, 98% of the candidates get the Student Grant, 98% receive the Institution Grant, and 30% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,603, and the same stands at $3,890 for State Grant awardees and $26,327 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,485. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Students whose family income per annum is less than $30,000 will receive a federal aid of $33,996 on average in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $33,334, while those falling in the $48,001-$75,000 income category get $31,439 a year. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $27,435. And, for those with a family income of more than $110,000, the amount stands at $24,359. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At MU, an estimated number of 75% of the applicants choose to go for student loans.
![Schools That Require the CSS Profile [Complete List for 2021/2022]](https://www.thecollegemonk.com/images/blog/every-school-th56.jpg)
