FINANCIAL AID AND AFFORDABILITY
With generous scholarships, grants, and aid, it's easier than ever to become a Laker!
Your college education is one of the most important investments you'll ever make, and a Mercyhurst education will serve you well throughout your lifetime. A degree from Mercyhurst offers you the opportunities to pursue your passions, while still graduating well-prepared with skills for today's workforce. And, we're more affordable than you think: 100% of incoming freshmen receive financial aid in the form of scholarships, grants, student employment, or other programs, making Mercyhurst one of the most affordable and accessible universities in the region.
Tuition and Fees
Undergraduate students are billed on a “flat” basis each semester, meaning full-time students enrolled in 12 to 18 credit hours are billed the same rate (15 are recommended). This allows students to easily pursue a double major or minor, or to complete additional elective classes that suit their interests.
|Estimated Tuition, Fees and Costs (2023–24 Academic Year)*|
|Orientation fee (one-time)||$280||$280|
|ID/OneCard fee (one-time)||$50||$50|
|Housing (Baldwin/McAuley Hall Double)|
|Housing (Warde Hall Double/Mercy Suite)|
|Meals (Laker Unlimited plan)||—|
|Total tuition, fees, housing, and meals (assuming Baldwin/McAuley Hall)|
|Average net price (cost after aid)|
*for domestic students, includes all sources of aid including scholarships, grants, loans, and sources of self-help aid, such as work-study
You may also want to consider indirect costs in your college financial planning for things like books and supplies, transportation, and personal expenses. Additional costs may be incurred for special programs, courses, labs, travel experiences, etc.
100% of undergraduates receive financial aid
Up to $25,000 merit
$62 million in institutional financial aid awarded annually
Submit Your FAFSA
The first step to receiving your full financial aid offer from Mercyhurst is submitting your Free Application for Federal Student Aid (FAFSA). The FAFSA is an online form that determines if you qualify for federal, state, and institutional aid based off you and your family's tax information. The FAFSA is free and secure, and gives you access to the largest source of financial aid to help you pay for your education. Submitting the FAFSA is fast and easy — the entire process takes under 30 minutes! Please use Mercyhurst's school code of 003297 to send us your FAFSA information and receive a full financial aid offer.
Net Price Calculator
Want to know how much financial aid you'll receive from Mercyhurst? Our net price calculator can provide you and your family with an approximation of how much aid you'll be offered, and therefore what you can expect to pay for your Mercyhurst degree. This calculator is for estimate purposes only, and the approximation of aid provided by the net price calculator is intended as a guide for planning purposes; you will receive an official financial aid offer once you are admitted to Mercyhurst. A completed Free Application for Federal Student Aid (FAFSA) is necessary to be considered for all forms of federal, state, and institutional need-based assistance.
Mercyhurst is proud to offer a variety of different funding options that help make a Laker education affordable for all, including full-tuition scholarships.
Erie Promise Grant
The Erie Promise Grant provides 100% tuition coverage to students from Erie County, PA with demonstrated financial need that are enrolling as first-time, traditional-aged students. A $2,500 housing grant is also available to students who wish to live on campus.
Keystone Promise Grant
The Keystone Promise Grant provides 100% tuition coverage to students from eligible Western Pennsylvania counties with demonstrated financial need that are enrolling as first-time, traditional-aged students. A full list of counties can be found at the link below.
The BEYOND Scholarship is a prestigious full-tuition scholarship that is awarded each year to high-achieving students of color from Pennsylvania whose family circumstances might not otherwise afford them with the opportunity to pursue a college degree from Mercyhurst.
Awards and Scholarships
Scholarships are funds that do not need to be repaid and in most cases, are the main part of your financial aid offer. They are awarded to students based on academic merit, athletic or artistic skill, alumni legacy, and more. Scholarship awards can be up to $25,000.
State and Federal Grants
State and federal grant programs are available for students with a demonstrated need for financial assistance. Submitting a FAFSA is needed to be eligible for these grant programs. The deadline for Pennsylvania residents to apply for state (PHEAA) awards is April 30.
Incoming students with financial need may also apply for supplemental scholarships, which are funded by the generous support of Mercyhurst donors. Each scholarship has certain eligibility criteria and ranges in value from $250 to $5,000, depending on the donor's wishes.
Federal subsidized and unsubsidized loans are awarded to students who have submitted their FAFSA and qualify based on need. Federal subsidized loans are up to $3,500 for first-year students, while federal unsubsidized loans are typically $2,000 for dependent students.
Federal Work-Study positions are awarded to students who qualify based on need. Federal Work-Study qualification is not a guarantee of employment; students must find an on-campus job and work the necessary hours to earn up to the amount for which they are eligible.
Institutional Grants are awards from Mercyhurst that do not need to be repaid. They are usually awarded to students on the basis of need, and possibly combined with skills or characteristics that a student possesses. Institutional Grant awards start at $500.
Office of Student Financial Services
501 East 38th Street
Erie, PA 16546