Mount Mercy University Tuition 2021| The College Monk

$31,598

Tuition

$46,532

Cost of Attendance

$20,704

Net Price

Mount Mercy University Tuition and Fees

Mount Mercy University is known for offering a wide range of undergraduate, postgraduate, and doctoral programs in a variety of streams, providing excellent training to students. Compared to the tuition fees charged at most institutions, the expense of education at MMU is quite moderate. As per the 2020 - 2021 official information, the average cost for the undergraduate courses offered at the university adds up to about $33,862, which includes the total tuition fees and other expenses. The housing costs $9,915, books and supplies cost $1,320, while the other expenses add up to $5,172.

Total Cost of Attendance

Student type	In-state	Out-State
Tuition & Fees	$31,998	$31,998
Book & Supplies	$1,320	$1,320
Room & Board cost	$9,534	$9,534
Other Expenses	$3,680	$3,680
Total Cost of Attendance	$46,532	$46,532

As for the cost of attending the university, students should understand that the tuition forms only a portion of the expenses that are involved in the overall cost of attendance. They must plan for several other expenses that accompany the cost of attendance such as lodging, dining, textbooks, supplies, and the cost of living, among others. For students attending the university, the total tuition and fees for one year add up to about $33,862. Apart from that, they should also pay an average amount of $1,320 toward books and supplies, $8,010 for room and boarding charges, and $5,172 toward other expenses in a year. Hence, based on this information, the overall cost of attending the university adds up to around $48,364 per year.

Average Net Price by Family Income

Net Price

$20,704

Family Income

Avg. Net Price

$0 to $30,000

$17,761

$30,001 to $48,000

$16,261

$48,001 to $75,000

$20,981

$75,001 to $110,000

$22,138

$110,000+

$24,306

The net cost of attending Mount Mercy University – the actual amount that students and their families are required to pay in a given year – varies depending on the candidate's annual family income. Usually, the individuals who have a higher family income will be required to pay a higher net amount, too. So, it all essentially depends on the family income bracket of the student. At MMU, the average net price is estimated to be around $20,977. For students with a family income below $30,000, the estimated net price is $13,992, while for the individuals who fall in the $30,001-$48,000 income bracket, the net cost is $15,098. Meanwhile, the net price stands at $20,957 for the $48,001-$75,000 income bracket and at $24,649 for an income between $75,001 and $110,000. This amount adds up to $26,377 for students whose annual family income is more than $110,000.

Student Loans

Example Loans

$91,416

Stafford Loan Interest

4.5%

Time to Pay off Student Loan

10 years

Example monthly payment

$949

Total interest paid

$22,428

Sum of Loan Payments

$113,844

To have a realistic understanding of how much it will cost to study at Mount Mercy University here is an example one can consider to estimate the payment amounts one will incur with a student loan. Take a loan of $91,416 for example. This will result in a $11,384 payment to be made each year. We can assume that the interest rate is 4.5% post any refinancing or consolidation activities with a 10 years repayment plan. Then the total payment made towards the loan is $113,844 which is $22,428 in addition to the principal amount, which constitutes the interest payment made throughout the life of the loan.

Undergraduate Tuition and Fees

Student type	In-state	Out-State
Tuition & Fees	$31,998	$31,998
Room & Board Cost	$9,534	$9,534
Total Tuition & Fees	$41,532	$41,532

At Mount Mercy University, the tuition and fees for students who are pursuing undergraduate courses are estimated to be around $33,862 in a year. Alongside that, they will likewise need to shell out around $8,010 toward their room and boarding charges. In this way, for one year, the total cost for undergraduate students comes to around $48,364.

Graduate Tuition and Fees

	In-state	Out-State
Tuition	$9,900	$9,900
Fees	$60	$60

As for the students looking to enroll in postgraduate programs at MMU, the tuition and fees they are charged add up to $10,366 per year. This sum includes their graduate tuition of $10,296 and the graduation fees of $70 as well.

Cost Per Credit Hour

Degree	Year	Cost per Credit hour
Graduate	2018 - 2019	$550
Undergraduate	2018 - 2019	$958

The total program cost divided by the total number of credit hours of the program – also called cost per credit hour – that the student has to pay to attend Mount Mercy University varies for graduate and undergraduate courses. The 2019-2020 fee structure places the cost per credit hour for graduate courses at $172 and the undergraduate cost per credit hour at $260. At present, Mount Mercy University also offers various online programs to students across as many as 70 different majors.

Campus Housing Expenses

Housing & other expenses	On Campus	Off Campus
Room & Board	$9,534	$5,976
Other Expense	$3,680	$6,372
Book & Supplies	$1,320	$1,320

Now, coming to the lodging and related expenses at MMU, the actual amount to be paid varies based on whether the candidate opts to live on-campus or off-campus. The on-campus logding facilities cost $13,695 per year, while students have to pay $12,670 a year for off-campus housing. For on-campus students at the university, the room and board charges total around $9,915 per year, while the amount charged for off-campus candidates stands at $6,106. On the other hand, the charges toward books and supplies come to around $1,320. The other expenses that students should plan for come to around $3,780 for on-campus candidates and $6,564 for the candidates who live off-campus.

Campus Housing Expenses

Housing & Other Expenses

Room & Boards

On Campus

$9,534

Off Campus

$5,976

Housing & Other Expenses

Other Expenses

On Campus

$3,680

Off Campus

$6,372

Housing & Other Expenses

Book & Supplies

On Campus

$1,320

Off Campus

$1,320

Online Degree Programs, Tuition and Cost Per Credit Summary

Degree Type	Total Average Tuition	Average Tuition Per Credit
Masters	NA	$630
Bachelors	$61,500	$500

Mount Mercy University offers 8 online programs across 4 Majors.

Projected Price for a 4 year degree

The current projected cost of attending a four-year graduate course, along with the living expenses, at Mount Mercy University is around $244,090 as per official data. For undergraduate students, the total expenses added up to $20,977 in 2018-2019, $20,704 in 2017-2018, and $22,429 in 2016-2017.