Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 5,014, which is 68.22 % of all undergraduate students. 4,113 students which is 55.78% of undergraduate students received federal student loans and the average loan amount is $7,310.

For full-time, first-time beginning students (freshmen), 93.00% of students received grants or scholarships and 57% 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 University since 2013.

For that period, the average number of students who received grants aid/scholarships is 5,014, which is 68.22 % of all undergraduate students. 4,113 students which is 55.78% of undergraduate students received federal student loans and the average loan amount is $7,310.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-145,655 (69%)$11,7254,491 (55%)$4,0914,945 (61%)$7,432
2014-154,785 (60%)$9,0103,343 (42%)$4,5744,442 (56%)$7,500
2015-164,764 (59%)$9,5433,596 (45%)$4,4314,364 (54%)$7,296
2016-174,532 (63%)$9,9223,487 (49%)$4,4513,994 (56%)$7,162
2017-184,710 (69%)$11,1193,891 (57%)$4,4833,823 (56%)$7,176
2018-194,681 (71%)$11,4913,467 (52%)$4,8213,606 (55%)$7,037
2019-205,722 (72%)$11,2844,147 (52%)$4,7674,571 (57%)$7,222
2020-215,660 (80%)$10,5443,642 (51%)$4,9153,914 (55%)$7,494
2021-224,620 (71%)$12,1643,255 (50%)$5,3973,359 (52%)$7,475
Average5,014 (68.22%)$10,7563,702 (50.33%)$4,6594,113 (55.78%)$7,310
*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, 823 (93.00 % of students) received grants or scholarships and its average amount is $13,488. It can cover 61.01% of tuition & fees ($22,106).

In addition, 501 (56.78 % of students) students get helped from the students loans (average amount : $6,418).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14759 (92%)$12,244588 (71%)$6,198
2014-15655 (88%)$11,566489 (66%)$6,136
2015-16810 (88%)$12,604610 (66%)$6,573
2016-17817 (89%)$12,803547 (60%)$6,590
2017-18830 (96%)$14,675431 (50%)$6,519
2018-19845 (95%)$14,228447 (50%)$6,250
2019-20928 (96%)$14,062507 (52%)$6,294
2020-21946 (96%)$14,418506 (51%)$6,405
2021-22821 (97%)$14,789381 (45%)$6,798
Average823 (93.00%)$13,488501 (56.78%)$6,418
*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, 618 (69.67 % of students) received Pell (federal) grants and its average amount is $5,104.

In addition, 580 students received State/local government grants/scholarships (65.33 % 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
2013-14583 (71%)$4,78824 (3%)$1,406546 (66%)$3,552728 (88%)$6,220
2014-15457 (62%)$4,9184 (1%)$895470 (63%)$3,627635 (86%)$5,701
2015-16599 (65%)$4,88854 (6%)$514586 (63%)$3,674771 (83%)$6,616
2016-17613 (67%)$4,92128 (3%)$688597 (65%)$3,939795 (87%)$6,381
2017-18623 (72%)$5,10114 (2%)$679603 (70%)$4,157823 (95%)$7,881
2018-19625 (70%)$5,32820 (2%)$796589 (66%)$4,211841 (95%)$7,368
2019-20711 (73%)$5,2762 (0%)$900653 (67%)$4,102918 (95%)$7,209
2020-21721 (73%)$5,270109 (11%)$995629 (64%)$3,797939 (95%)$7,820
2021-22629 (74%)$5,44272 (9%)$1,898543 (64%)$4,069817 (97%)$7,800
Average618 (69.67%)$5,10436 (4.63%)$975580 (65.33%)$3,903807 (91.22%)$7,000
*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, 501 (56.78 % of students) get any students loan help and its average loan amount is $501.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14588 (71%)$6,198579 (70%)$5,21951 (6%)$12,203
2014-15489 (66%)$6,136488 (66%)$5,35530 (4%)$12,907
2015-16610 (66%)$6,573604 (65%)$5,25666 (7%)$12,647
2016-17547 (60%)$6,590541 (59%)$4,95964 (7%)$14,400
2017-18431 (50%)$6,519425 (49%)$4,94154 (6%)$13,145
2018-19447 (50%)$6,250442 (50%)$4,86953 (6%)$12,105
2019-20507 (52%)$6,294500 (52%)$4,92757 (6%)$12,768
2020-21506 (51%)$6,405503 (51%)$5,10746 (5%)$14,617
2021-22381 (45%)$6,798374 (44%)$5,07343 (5%)$16,106
Average501 (56.78%)$6,418495 (56.22%)$5,07852 (5.78%)$13,433

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