Scholarships, Grants, and Loan Trends at Mercy College of Ohio

26%

Received Percent Changed

$10,268

Received Amount Changes

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 889, which is 67.00 % of all undergraduate students. 966 students which is 72.56% of undergraduate students received federal student loans and the average loan amount is $8,701.

For full-time, first-time beginning students (freshmen), 76.22% of students received grants or scholarships and 84% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table shows the trends of financial aid for all undergraduate students at Mercy College of Ohio since 2014.

For that period, the average number of students who received grants aid/scholarships is 889, which is 67.00 % of all undergraduate students. 966 students which is 72.56% of undergraduate students received federal student loans and the average loan amount is $8,701.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15661 (55%)$4,315552 (46%)$3,530882 (74%)$8,193
2015-16722 (58%)$4,567543 (44%)$3,511929 (75%)$8,503
2016-17840 (62%)$4,795584 (43%)$3,6831,106 (82%)$9,186
2017-18932 (66%)$5,564578 (41%)$3,8011,098 (78%)$9,166
2018-19977 (67%)$5,179599 (41%)$3,405966 (66%)$7,205
2019-20921 (61%)$5,740530 (35%)$3,6581,027 (68%)$8,370
2020-21886 (59%)$6,589528 (35%)$3,589982 (65%)$8,486
2021-221,149 (94%)$5,136547 (45%)$3,391931 (76%)$8,344
2022-23912 (81%)$14,583408 (36%)$3,941772 (69%)$10,857
Average889 (67.00%)$6,274541 (40.67%)$3,612966 (72.56%)$8,701
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

For the last 10 years, on average, 29 (76.22 % of students) received grants or scholarships and its average amount is $7,337. It can cover 37.93% of tuition & fees ($19,345).

In addition, 33 (83.78 % of students) students get helped from the students loans (average amount : $6,909).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-1524 (71%)$5,83322 (65%)$6,273
2015-1626 (50%)$5,05537 (71%)$6,362
2016-1736 (78%)$4,11944 (96%)$7,695
2017-1832 (55%)$6,74248 (83%)$7,729
2018-1933 (77%)$5,01033 (77%)$7,966
2019-2026 (84%)$8,74329 (94%)$6,817
2020-2130 (79%)$8,17836 (95%)$7,437
2021-2220 (95%)$12,13420 (95%)$6,575
2022-2331 (97%)$10,22325 (78%)$5,323
Average29 (76.22%)$7,33733 (83.78%)$6,909
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 14 (36.11 % of students) received Pell (federal) grants and its average amount is $4,442.

In addition, 8 students received State/local government grants/scholarships (20.67 % of students).

Year Federal (Pell) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2014-1516 (47%)$4,1166 (18%)$18313 (38%)$2,00011 (32%)$4,276
2015-1616 (31%)$3,9467 (13%)$15712 (23%)$2,20311 (21%)$3,705
2016-1721 (46%)$3,6626 (13%)$2009 (20%)$2,47818 (39%)$2,660
2017-1820 (34%)$4,68911 (19%)$19110 (17%)$4,09518 (31%)$4,384
2018-1913 (30%)$4,5654 (9%)$20012 (28%)$2,97925 (58%)$2,778
2019-2012 (39%)$5,5537 (23%)$3207 (23%)$2,23621 (68%)$6,799
2020-2120 (53%)$3,6806 (16%)$3988 (21%)$2,95324 (63%)$6,072
2021-226 (29%)$5,2122 (10%)$5052 (10%)$2,26818 (86%)$11,437
2022-235 (16%)$4,5572 (6%)$4542 (6%)$4,04531 (97%)$9,198
Average14 (36.11%)$4,4426 (14.11%)$2908 (20.67%)$2,80620 (55.00%)$5,701
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.

For the last 10 years, on average, 33 (83.78 % of students) get any students loan help and its average loan amount is $33.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-1522 (65%)$6,27321 (62%)$5,8274 (12%)$3,909
2015-1637 (71%)$6,36236 (69%)$5,2796 (12%)$7,554
2016-1744 (96%)$7,69543 (93%)$6,44810 (22%)$6,132
2017-1848 (83%)$7,72948 (83%)$6,1948 (14%)$9,208
2018-1933 (77%)$7,96629 (67%)$5,46611 (26%)$9,490
2019-2029 (94%)$6,81729 (94%)$5,5302 (6%)$18,671
2020-2136 (95%)$7,43736 (95%)$5,7855 (13%)$11,895
2021-2220 (95%)$6,57520 (95%)$5,2932 (10%)$12,818
2022-2325 (78%)$5,32325 (78%)$5,0431 (3%)$7,000
Average33 (83.78%)$6,90932 (81.78%)$5,6525 (13.11%)$9,631

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