Mount Mercy University

In 2021, tuition for full-time students at Mount Mercy University was $38,070 a year.

In 2023, tuition increased 4%–from $36,606 the previous year. Usually, colleges raise tuition about 3% each year.

Remember, the total cost of tuition isn't the final cost for attending college. Many students owe a lot less than the total tuition after grants, scholarships, and tuition discounts kick in. Additionally, student loans can make theprice of collegemore manageable until you're done with college.

Mount Mercy University meets 79% of the demonstrated financial need for undergraduates. First-year students that attend Mount Mercy University full-time are awarded $29,182 a year in financial aid, on average.

The average student debt for graduates in the class of 2023 was around $26,778 per student, not including those with no debt.

In-state vs. Out-of-state Tuition at Mount Mercy University

Mount Mercy University is a private, religious institution, which means it has the same tuition for residents of Iowa as it does for students who live in other states.

Public schools receive funds from the state to help them cover costs. These institutions offer reduced tuition for those who qualify as Iowa residents.

Choosing a college where you qualify for in-state tuition can cut the cost of college tuition. Take the time to verify your state's guidelines for how to qualify for in-state tuition. Every state has its own rules about what makes someone eligible for in-state tuition. The most common requirement is that students must have lived in the state for a full year before starting school. There may be other criteria too, depending on the state you and your parents currently live in.

Explore other Iowa colleges

Tuition for International Students at Mount Mercy University

Tuition at Mount Mercy University is the same for every student.

International students usually do not qualify for for loans or grants from the U.S. government, but may be eligible for private or Mount Mercy University-specific aid and scholarships.

International students without financial need may be eligible for merit-based institutional scholarships and athletic awards.

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Mount Mercy University Living Expenses, Fees, and More

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Tuition is not the only cost of attending college; room and board, books, transportation and fees are also costs it consider when estimating the cost of attendance for college. Let's take a look at what impacts these costs, and what to expect at Mount Mercy University.

House and Food Costs at Mount Mercy University

Housing and campus dining at Mount Mercy University costs $11,030 a year. This includes the cost of living in dorms or other on-campus housing, and a dining plan that enables you to eat in the school dining halls. Students who do not live on-campus but would like to be able to eat in the campus dining can choose to be on a meal plan. The cost of board-only is $5,000.

Meal-plan costs vary based on on how many meals are included in the plan you choose.

How Much Do Books Cost at Mount Mercy University?

The cost of books often surprises first-year college students. The actual cost of books depends on the courses you take and what kinds of books and materials they require. To save money, many students choose to use books from the library or buy used textbooks and materials.

Annual Fees

Most schools also have fees to help cover the cost of facilties, like the computer labs and libraries, athletic facilities, and more.

There may be additional fees associated with participating in certain activities, like joining a fraternity or sorority, or participating in sports or other extracurriculars. Most colleges offer ways for students with demonstrated need to find ways to lower or eliminate these fees.

The Cost of Transportation at Mount Mercy University

The total cost of getting around in college can really vary. Will you take a subway, car or an airplane to get to school? Will you need to pay to park on-campus? Is the campus easy to get around on foot? Do you own a car, or will you need to use public transportation? All of these questions can drastically impact your transportation budget. Keeping in mind, first-year students are allowed to park a car on campus.

Where are a college is located can impact your transportation budget. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the other hand transportation in a city is usually costly, but cities may offer more trains, busses or low-cost flight options to actually get to school. The Mount Mercy University campus is located in a suburb in Iowa.

Other Costs

When creating a budget for college, be sure to factor in the cost of things like movies, takeouts, furniture or appliances for your dorm or housing, and essentials like laundry detergent, toothpaste and toilet paper.

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Total Tuition and Expenses at Mount Mercy University

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Now, let’s go over all of the costs we've covered, to get a better estimate of the actual cost of attending Mount Mercy University.

Total Cost of Mount Mercy University

What will the cost of attending Mount Mercy University be? Here is a breakdown of tuition and expenses.

2023 Total Tuition and Expenses
Tuition	$38,070
Room and Board	$11,030
Board Only	$5,000
Other expenses	$3,000

The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.

Total Estimated Costs
On-Campus	$53,100
Off-Campus	$48,070

The breakdowns above provide a good estimate of the total cost of attendance before financial aid and scholarships. Tuition and fees may vary depending on program, course level, location, and more.

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Mount Mercy University Financial Aid

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The majority of Mount Mercy University undergrads use financial aid to to cover the cost of tuition. In 2023, 704 of the 1,271 undergrads enrolled received financial aid. Mount Mercy University meets 79% of the demonstrated financial need for undergraduates.

The average financial aid package for a full-time, first-year student is around $29,182 a year. Around 77% of Mount Mercy University undergrads take out student loans to cover any remaining costs. Mount Mercy University graduates who have student loans graduate with an average of $26,778 of student loan debt.

The average debt for each loan type varies.

Average Debt By Loan Type
Federal Loans	$18,950
Private Loans	$34,179

Most Common Loans for Mount Mercy University Students
Federal Loans	76%
Private loans	18%

Most students take out institutional or government loans, because they tend to have lower interest rates and more flexible repayment options than private loans. Loans from the federal government can be subsidized or unsubsidized. Subsidized loans do not accrue interest during school, while unsubsidized loans begin accruing interest at the time the loan is issued. If students do no qualify for enough federal loans to cover the cost of tuition, some take out private loans. Parents can also take out ParentPLUS loans, which are government loans for parents who are helping their children pay for college.

The Free Application for Federal Student Aid (FAFSA) helps colleges determine how much financial need students and their familes have, so they can offer a financial aid package that meets, or come close to meeting, their need. For more information on Mount Mercy University financial aid, keep reading, or visit their financial aid website.

Scholarships at Mount Mercy University

Some students may receive grants and scholarships to help pay for college. Unlike loans, scholarships and grants do not have to be paid back.

In 2023, Mount Mercy University awarded 702 need-based scholarships to students, giving away total of $18.1 million to help students with financial need cover the cost of school. An additional $6.88 million in merit-based scholarship money was awarded to students without demonstrated financial need.

Mount Mercy University Net Cost

The net price of college is the actual cost of attending a school for one year. Net cost is calculated by subtracting any scholarships, grants or other aid that does not need to be paid back from the total cost. Student loans are not part of the calculation, because they need to be repaid.

Now that we have a sense of the total estimated costs for Mount Mercy University students, we can subtract the average financial aid package to find the estimated net cost. Net cost can vary depending on a students’ need and the financial aid award received.

When considering whether a school fits your budget, it is important to consider the estimated net cost, not just the sticker price of tuition. Often, schools with the highest tuition also offer the most generous aid packages, so estimate your net cost before eliminating a school because it does fit your budget.

The average amount of financial aid received by a full-time first year student with demonstrated need at Mount Mercy University was $29,182 in 2023. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Mount Mercy University seem more manageable.

Estimated Net Cost for Full-Time Students
On-Campus	$23,918
Off-Campus	$18,888

What will attending Mount Mercy University really cost you? The answer depends on several factors.

As of 2011, colleges are required to have a net price calculator on their website to help prospective students and their families get a better idea of the actual cost of attending that school, based on their financial situation. You can find the Mount Mercy University's net cost calculator on their website.

Mount Mercy University Tuition Payment Plans

Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.

Mount Mercy University does not have guaranteed tuition.

Mount Mercy University offers an Installment Payment Plan, which allows students to pay tuition in a series of smaller chunks instead of one lump sum.

Mount Mercy University Tuition Waivers

Schools sometimes waiver tuition for certain groups, to reduce the total cost of attendance. Some colleges offer tuition waivers for employees and their family members, underrepresented students, or military students. Even if you qualify for a waiver, other expenses and fees are the responsibility of the student.

Mount Mercy University has some full or partial tuition waivers available for: - Employees or Children of Employees

Mount Mercy University's Endowment

An endowment is the total value of a school's investments, donations, and assets. Endowment is not necessarily an indicator of the quality of a school, but it can give you a sense of how much money a college can afford to invest in expanding programs, improving facilities, and supporting students.

As of 2021, the total market value of Mount Mercy University's endowment was $33.7 million. The average college endowment was $905 million in 2021. The school spends $7,557 for each full-time student enrolled.

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Learn More About Mount Mercy University

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