Mount Mercy's tuition & fees has increased from $27,010 (2014) to $39,070 (2024), and the rate of tuition increase is 44.65% over the past 10 years. The graduate school tuition & fees has raised from $6,600 (year 2014) to $11,410 (year 2024).
Mount Mercy's tuition increase rate is lower than the Iowa's average increase rate of 54.89%. Compare to all colleges in United States, it's increase rate is higher than the average increase rate of 28.12%.
Cost of Attendance (COA) Trends
The total cost of attendance (COA), including tuition & fees, books & supplies costs, and living costs, increased by 39.83% from 2014 ($40,048).
For the current academic year 2023-2024, Mount Mercy's COA is $56,000, which is increased by 4.35% from last year.
The following table and chart show changes to Mount Mercy's COA over the past 10 years.
Tuition & Fees Changes
The tuition & fees have increased 44.65% for the last 10 years , and the 2024 tuition & fees are $39,070. The following table and chart show the tuition & fees changes at Mount Mercy University over last the 10 years.
Books & Supplies Costs Changes
The cost of purchasing books & supplies which are required/recommended for courses $1,200, and it has not changed since 2014.
| Year | Books & Supplies | Change by Year |
|---|
| 2014-15 | $1,200 | - |
|---|
| 2015-16 | $1,200 | |
|---|
| 2016-17 | $1,280 | 6.67% |
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| 2017-18 | $1,340 | 4.69% |
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| 2018-19 | $1,320 | -1.49% |
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| 2019-20 | $1,320 | |
|---|
| 2020-21 | $1,320 | |
|---|
| 2021-22 | $1,320 | |
|---|
| 2022-23 | $1,320 | |
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| 2023-24 | $1,200 | -9.09% |
|---|
Living Costs Changes
The living costs including room, board, and other living expenses have increased 20.91% when a student lives on-campus facilities and 30.89% when living-off campus from the year 2014 to 2024. The following table shows the changes in living costs at Mount Mercy University.
| Year | Living On Campus | Living Off Campus | Change by Year |
|---|
| 2014-15 | $11,838 | $11,428 | - |
|---|
| 2015-16 | $12,090 | $11,550 | 2.13% |
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| 2016-17 | $12,678 | $11,874 | 4.86% |
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| 2017-18 | $12,834 | $12,220 | 1.23% |
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| 2018-19 | $13,214 | $12,348 | 2.96% |
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| 2019-20 | $13,695 | $12,670 | 3.64% |
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| 2020-21 | $14,092 | $13,760 | 2.90% |
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| 2021-22 | $14,532 | $16,132 | 3.12% |
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| 2022-23 | $14,740 | $16,132 | 1.43% |
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| 2023-24 | $15,730 | $20,000 | 6.72% |
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Compare Tuition Change to Similar Colleges
The following table compares 2024 tuition and increase rate from last year between Mount Mercy University and similar schools.
| 2024 | 2023 | Increase Rate |
|---|
| Mount Mercy University | $39,070 | $37,606 | 3.89% |
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|
| Drake University | $49,944 | $47,742 | 4.61% |
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|
| Upper Iowa University | $19,000 | $33,639 | -43.52% |
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|
| Saint Ambrose University | $35,598 | $34,570 | 2.97% |
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|
| Maharishi International University | $16,530 | $16,530 | - |
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|
| Morningside University | $38,190 | $36,610 | 4.32% |
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