In 2016, tuition for full-time students at Mercyhurst University was $41,580 a year.
Tuition increased 2.59% in 2023–from $40,530 the previous year. On average, college tuition rises about 3% year.
If this information makes going to college feel scary, remember, the total cost of tuition isn't necessarily what you will have to pay to attend a school. Many students owe far less than the sticker price after grants, scholarships, and tuition discounts are awarded. And, student loans can make thecost of college feel more doable until you've finishing school and found a job.
Mercyhurst University meets 80% of the demonstrated financial need for undergraduates. The average financial aid package for a full-time, first-year student at Mercyhurst University is around $37,908 a year.
Students in the class of 2023 who had taken out student loans graduated with an average of $41,884 of debt.
Mercyhurst University is a private institution, which means it has the same tuition for residents of Pennsylvania as it does for residents from other states.
Public colleges and universities receive funding from the state government. Public, state schools can offer lower tuition for students who meet the requirements for in-state residency.
Choosing a college where you qualify for in-state residency can cut the cost of college tuition. Don't forget to verify your state's eligibility criteria for in-state residency. Every state has its own rules about what makes someone eligible for in-state tuition. Most states require students to have resided in the state for a certain period of time before qualifying. There may be other criteria as well, depending on the state you and your parents currently reside in.
Explore other Pennsylvania colleges
Tuition at Mercyhurst University is the same for each student.
Students from outside of the U.S. usually do not qualify for for federal financial aid, but may qualify for private or Mercyhurst University-specific grants, scholarships, and other funding opportunities. International students with need may qualify for the following types of financial support at Mercyhurst University:
•Athletic Awards •Mercyhurst University-specific scholarships
International students without financial need may be eligible for merit-based institutional scholarships and athletic awards.
In addition to tuition, room and board, books, transportation and fees are also costs it consider when budgeting for college. Let's take a look at what impacts these costs, and what to expect at Mercyhurst University.
Housing and campus dining at Mercyhurst University costs $17,070 a year. This number covers the cost of living in dorms or other on-campus housing, plus a dining plan that allows you to eat in the school dining facilities.
Meal-plan costs can depend on the number of meals you intend to eat on-campus
First-year students are sometimes surprised by how much books and supplies cost–and not in a good way. 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.
Most schools charge some yearly fees to help cover the cost of facilties, like the computer labs and libraries, athletic facilities, and more.
Keep in mind, there could also be additional fees associated with participating in certain activities, like joining a fraternity or sorority, or participating in sports or other extracurriculars. Most colleges have resources for students with demonstrated need to find ways to lower or eliminate these fees.
The total cost of transportation 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 busses, subways, or other modes of transportation? All of these questions can make a big difference in your estimated cost of transportation. At Mercyhurst University, freshman are not allowed to park on campus.
The location of a college or university can also have a big effect on 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 an urban area is usually expensive, but there may be more buses, trains or low-cost flight options to actually get to school. The Mercyhurst University campus is in a suburb in Pennsylvania, near Buffalo.
When you're planning for college, don’t forget to consider the cost of things like movies, takeouts, furniture or appliances for your dorm or housing, and essentials like laundry detergent, toothpaste and toilet paper.
Now, let’s do a rundown of all of the costs associated with college, to get a better estimate of how much students can expect to shell out for Mercyhurst University.
What will the cost of attending Mercyhurst University be? Here is a breakdown of tuition and expenses.
2023 Total Tuition and Expenses | |
---|---|
Tuition | $41,580 |
Room and Board | $17,070 |
Other expenses | $1,161 |
The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.
Total Estimated Costs | |
---|---|
On-Campus | $63,941 |
Off-Campus | $46,871 |
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.
Mercyhurst University’s tuition and fees change based on: •Academic program for both full and part-time students •Class time for both full and part-time students •Course load for both full and part-time students
The majority of Mercyhurst University undergrads use financial aid to finance their education. In 2023, 1,829 of the 2,446 undergrads enrolled received financial aid. Mercyhurst University meets 80% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $37,908 a year. Around 76% of Mercyhurst University undergrads take out student loans to cover any remaining costs. Mercyhurst University graduates who have student loans graduate with an average of $41,884 of student loan debt.
The average debt for each loan type varies.
Average Debt By Loan Type | |
---|---|
Federal Loans | $25,056 |
Private Loans | $47,034 |
Most Common Loans for Mercyhurst University Students | |
---|---|
Federal Loans | 75% |
Private loans | 27% |
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 Mercyhurst University financial aid, keep reading, or visit their financial aid website.
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, Mercyhurst University awarded 1,490 need-based scholarships to students, giving away total of $61.1 million to help students with financial need cover the cost of school. An additional $11.01 million in merit-based scholarship money was awarded to students without demonstrated financial need.
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 Mercyhurst 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 Mercyhurst University was $37,908 in 2023. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Mercyhurst University seem more manageable.
Estimated Net Cost for Full-Time Students | |
---|---|
On-Campus | $26,033 |
Off-Campus | $8,963 |
What will attending Mercyhurst 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 understand the actual cost of attending that school, based on their financial situation. You can find the Mercyhurst University's net cost calculator on their website.
Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.
Mercyhurst University does not have guaranteed tuition.
Mercyhurst University offers an Installment Payment Plan, which allows students to pay tuition in a series of smaller chunks instead of one lump sum.
Schools sometimes offer tuition waivers to certain groups, to offset the cost of attending. Some schools offer tuition waivers for employees and their family members, underrepresented students, or military students. Even with a tuition waiver, students are usually responsible for housing, meal plans, and other expenses.
Mercyhurst University has some full or partial tuition waivers available for: - Employees or Children of Employees
Check the financial aid website for more information on payment plans and tuition waivers.
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.
Mercyhurst University's endowment was valued at $38.5 million in 2023, compared to a national average of $905 million.
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Tuition & Fees
$62,780
In State$62,780
Out-of-StateStudents Who Receive Need-Based Aid
Average Financial Aid Package
Data Source: IPEDs and Peterson's Databases © 2022 Peterson's LLC All rights reserved
Total Enrollment
Campus Setting
Acceptance Rate
Fall Freshmen
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