Scholarships, Grants, and Loan Trends at Mount Mercy

1%

Received Percent Changed

$12,912

Received Amount Changes

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 1,344, which is 93.44 % of all undergraduate students. 995 students which is 68.89% of undergraduate students received federal student loans and the average loan amount is $9,354.

For full-time, first-time beginning students (freshmen), 100.00% of students received grants or scholarships and 75% 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 Mount Mercy University since 2014.

For that period, the average number of students who received grants aid/scholarships is 1,344, which is 93.44 % of all undergraduate students. 995 students which is 68.89% of undergraduate students received federal student loans and the average loan amount is $9,354.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-151,248 (86%)$12,425501 (35%)$3,4581,085 (75%)$9,233
2015-161,424 (92%)$13,049556 (36%)$3,6331,241 (80%)$9,359
2016-171,417 (90%)$15,575562 (36%)$3,7101,140 (72%)$8,270
2017-181,517 (100%)$16,888605 (40%)$3,8331,125 (74%)$9,598
2018-191,501 (100%)$17,359602 (40%)$3,6911,095 (73%)$9,232
2019-201,442 (100%)$16,290574 (40%)$4,049803 (56%)$11,081
2020-211,230 (89%)$19,270519 (38%)$4,298926 (67%)$11,603
2021-221,204 (97%)$22,913442 (36%)$4,263820 (66%)$8,991
2022-231,109 (87%)$25,337329 (26%)$4,767724 (57%)$6,821
Average1,344 (93.44%)$17,678521 (36.33%)$3,967995 (68.89%)$9,354
*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, 217 (100.00 % of students) received grants or scholarships and its average amount is $23,618. It can cover 57.78% of tuition & fees ($40,878).

In addition, 164 (75.33 % of students) students get helped from the students loans (average amount : $9,592).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15134 (100%)$19,06899 (74%)$6,914
2015-16232 (100%)$21,024194 (84%)$9,688
2016-17237 (100%)$20,783199 (84%)$10,322
2017-18238 (100%)$23,619191 (80%)$11,176
2018-19239 (100%)$24,695181 (76%)$7,656
2019-20217 (100%)$23,054171 (79%)$10,593
2020-21223 (100%)$24,399171 (77%)$11,016
2021-22212 (100%)$27,288139 (66%)$10,743
2022-23221 (100%)$28,628128 (58%)$8,218
Average217 (100.00%)$23,618164 (75.33%)$9,592
*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, 77 (35.11 % of students) received Pell (federal) grants and its average amount is $4,472.

In addition, 100 students received State/local government grants/scholarships (46.22 % 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
2014-1543 (32%)$4,05422 (16%)$1,04871 (53%)$4,318134 (100%)$15,307
2015-1691 (39%)$3,96940 (17%)$426106 (46%)$5,069232 (100%)$17,078
2016-1789 (38%)$4,11947 (20%)$553121 (51%)$5,270237 (100%)$16,436
2017-1897 (41%)$4,14661 (26%)$420119 (50%)$5,178238 (100%)$19,232
2018-1990 (38%)$4,80556 (23%)$538124 (52%)$5,728239 (100%)$19,788
2019-2084 (39%)$4,75041 (19%)$475110 (51%)$5,527217 (100%)$18,324
2020-2178 (35%)$4,32054 (24%)$58094 (42%)$5,279223 (100%)$20,522
2021-2270 (33%)$4,71750 (24%)$70594 (44%)$6,193212 (100%)$22,818
2022-2347 (21%)$5,36438 (17%)$1,27659 (27%)$6,825221 (100%)$25,446
Average77 (35.11%)$4,47245 (20.67%)$669100 (46.22%)$5,487217 (100.00%)$19,439
*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, 164 (75.33 % of students) get any students loan help and its average loan amount is $164.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-1599 (74%)$6,91499 (74%)$6,11710 (7%)$7,894
2015-16194 (84%)$9,688194 (84%)$9,13114 (6%)$7,713
2016-17199 (84%)$10,322199 (84%)$8,83131 (13%)$9,568
2017-18191 (80%)$11,176190 (80%)$9,51730 (13%)$10,880
2018-19181 (76%)$7,656179 (75%)$5,32931 (13%)$13,926
2019-20171 (79%)$10,593171 (79%)$7,92739 (18%)$11,687
2020-21171 (77%)$11,016168 (75%)$8,51934 (15%)$13,309
2021-22139 (66%)$10,743139 (66%)$8,22723 (11%)$15,207
2022-23128 (58%)$8,218125 (57%)$5,19033 (15%)$12,218
Average164 (75.33%)$9,592163 (74.89%)$7,64327 (12.33%)$11,378

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