$4,460

Avg. Federal Grant

$5,983

Avg. Federal Loan

$6,649,604

Total Aid Awarded

Mercyhurst University-North East Campus Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

88%

Total Aid Amount Average Total Aid Awarded per year.

$6.650M

Financial Aid Official Website

northeast.mercyhurst.edu/admissions-aid/financial-aid

Notably, almost all of the university students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $3,596,634. Notably, a total of 63% of the applicants to Mercyhurst University-North East Campus receive the Federal Grant every year. On the other hand, 95% of the candidates get the Student Grant, 95% receive the Institution Grant, and 63% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,471, and the same stands at $3,925 for State Grant awardees and $7,350 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,308. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Mercyhurst University-North East Campus, the percentage of candidates who opt to avail of student loans is around 87%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

60%

State Grant Aid

50%

Institution Grant Aid

93%

Pell Grant

60%

Average Aid Awarded

Federal Grant Aid

$4,460

State Grant Aid

$3,354

Institution Grant Aid

$5,551

Pell Grant

$4,374

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$11,161

$30,001 - $48,000

$12,489

$48,001 - $75,000

$9,176

$75,001 - $110,000

$7,400

Over $110,000

$5,530

Student Loans for Mercyhurst University-North East Campus

Average Loan Amount Average Loan Amount received per year.

$8,499/Year

Students Taking Out Loans

85%

Loan Default Rate

N/A

Minumum Credit ScoreApply in as little asVariable APRFixed APR
Discover Student LoansNot Available15 minutes or less2.954.74 View disclosures
Credible6202 minutes5.38%-16.99%14.43%-16.99%1 View disclosures
Sallie MaeNot Available15 minutes1.13% - 11.23%¹ (with autopay)3.50% - 12.60%¹ (with autopay) View disclosures

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