Mercyhurst University

Erie, Pennsylvania

How much does it cost to attend Mercyhurst University?

In-State Sticker Price

$

Tuition$
Books and Supplies$
Other Fees$
Room and Board$
Other Expenses Budget$
Out-of-State Sticker Price

$

Tuition$
Books and Supplies$
Other Fees$
Room and Board$
Other Expenses Budget$

How much does it cost to attend Mercyhurst University and earn a bachelor’s degree?

In-state students pay an annual total price of $53,311 to attend the school on a full time basis. This includes the $37,170 for tuition, $1,200 for books and supplies, $2,670 for other fees, $2,061 for other expenses, and $12,880 for room and board.

Out of state residents are charged a higher rate. If you are an out-of-state resident, you can expect to pay $53,311 per year. This is 65.9% higher than the total in-state cost. This number includes the $34,500 for tuition as well as $1,200 for books and supplies, $2,670 for other fees, $12,880 for room and board, and $2,061 for other expenses.

Mercyhurst University Tuition and Fees

Net Price

$

Average Total Aid Awarded$
Students Receiving Financial Aid%
Net Price Calculatormercyhurst.studentaidcalculator.com
Net Price by Earnings
< $30k$
$31-48k$
$49-75k$
$76-110k$
$110k+$

The average net price of attending Mercyhurst University for one year in the fall 2018 academic year was $24,592 per year. This amount reflects what the average student who was eligible for a grant or a scholarship paid. The net price includes tuition, required fees, books and supplies costs, the cost for room and board, and other expenses.

Net price reflects what most people pay to attend Mercyhurst University when you factor in the grants and scholarships offered to students at the school. It's a useful statistic to use if you think you may be eligible for a grant or a scholarship. However, net price varies between family income and financial need.

The higher your income, the more likely you are to pay a premium price to attend Mercyhurst University. Those whose families earned under $30,000 per year paid an average amount of $19,023 per year as of fall 2018. Students whose families earned between $48,001 and $75,000, on the other hand, paid an average of $23,147 per year as of fall 2018 to attend Mercyhurst University.

Mercyhurst University Financial Aid

Type
Average per Student
Students Receiving
Annual Total Grant Aid
$
%
Pell Grant
$
%
Federal Student Loan
$
%

Mercyhurst University students are eligible for federal financial aid.

The average student who received financial assistance was given a package that totalled up to $25,128. Of those who applied, 99% received financial aid.

Financial aid packages consist of two parts: Pell Grants and federal student loans. Pell Grants are paid to qualifying students from low-income backgrounds and do not need to be repaid. Federal student loans are given to eligible students on an as-needed basis and must be repaid, with interest, within a certain period of time.

The average Pell Grant awarded to a student at Mercyhurst University who was granted one in the fall 2018 academic year was $4,355. Of those who applied for a Pell Grant, only 29% of students received one.

The average student who took out a federal student loan was given $6,659 in aid. Only 67% of students who applied for a federal loan had their application accepted.

Mercyhurst University Calculator - 4 Year Cost

Year
Pennsylvania Residents
Non Residents
1
$
$
2
$
$
3
$
$
4
$
$
In-State Increase Rate%

Based on the current cost of tuition, as well as historical data, we predict that the total price you will pay for your education at Mercyhurst University would be $66,209 across four academic school years.

This assumes that you graduate within normal time, and that tuition increases by 7% each year. This percentage increase is based on historical data.

Mercyhurst University Credit Hour Cost and Price Per Class

Category
Price per Credit
3 Credit Class
4 Credit Class
In-State residents
$
$
$
Out-of-State residents
$
$
$

Mercyhurst University Student Loans

Example Loan Balance$
Stafford Loan Interest Rate%
Time to Pay Off Student Loan years
Example Monthly Payment$
Total Interest Paid$
Sum of All Loan Payments$

Student loans are an important part of any financial aid package. However, they can be quite complex to understand. To help you out, we have modeled what a ten-year student loan would look like with a balance of $344.

This balance is calculated by multiplying the average net price of studying at Mercyhurst University for a year by four. Our calculations therefore estimate what you would owe if you qualified for federal financial aid and used student loans to finance a large amount of your education.

We calculate that, using the Stafford Loan interest rate of 4.5%, you would pay $2,142 per month for a period of ten years. Ten years reflects the normal length of a federal student loan. In total, you would have paid $17,302.29 in interest, and the sum of all your loan payments would be $102794.56 once your loan had been paid off.

This projection is not relevant if you finance your education using private loans, which typically come with higher interest rates.

Mercyhurst University Tuition Payment Plans

Tuition Payment PlanNo
Prepaid Tuition PlanNo
Alternative Tuition PlanNo
Guaranteed Tuition PlanNo

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