#12 Best Private Colleges in Iowa

Mount Mercy College Tuition & Cost

Cedar Rapids, Iowa

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How much does it cost to attend?

Sticker Price
Costs for Mount Mercy University
Fee Cost
Books and Supplies$1,320
Other Fees$400
Room and Board $9,534
Other Expenses Budget$3,680

Annual Prices

The annual list price to attend Mount Mercy University on a full time basis for 2018/2019 is $46,532 for all students regardless of their residency. This fee is comprised of $31,598 for tuition, $9,534 room and board, $1,320 for books and supplies and $400 for other fees. Out of state tuition for Mount Mercy University is $31,598, the same as Iowa residents.

All price data is sourced from the 2018/2019 U.S. Department of Education National Center for Education Statistics survey.
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Net Price

Net price is indicative of what it actually costs to attend Mount Mercy University when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2017/2018
Net Price by Income Mount Mercy University
Family Income Net Price Paid
$0 to $30,000$17,918
$30,001 to $48,000$17,345
$48,001 to $75,000$20,574
$75,001 to $110,000$21,326

The average reported annual net price for Mount Mercy University for students receiving grants or scholarship aid was $22,429 in 2017/2018. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

Costs for Similar Colleges

Financial Aid

Finanical Aid Mount Mercy University
Type Avg./Student Students Receiving
Annual Total Grant Aid $20,783 100%
Pell Grant $4,119 38%
Federal Student Loan $8,831 84%

The average reported annual net price for Mount Mercy University for students receiving grants or scholarship aid was $22,429 in 2017/2018.

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Mount Mercy University, we've modeled a ten year student loan with an original principal value of $91,416. The loan balance of $91,416 is a four year multiple of the $22,854 average net price. This is a estimate of what you could owe upon graduation if you were to qualify for average financial aid and what a degree really may cost. Should you not qualify for financial aid, you may owe significantly more when you graduate. Based on these assumptions, a monthly repayment of $949 could be required to satisfy your student loan.

Please note that financial aid is not guaranteed and is only available for qualifying students. Federal Student Loans are not grants and must be repaid with interest. The current Stafford loan interest rate is 4.529%.

Example Loan $91,416
Stafford Loan Interest Rate 4.5%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $948.70
Total Interest Paid $22,427.92
Sum of All Loan Payments $113,843.92

Projected 4 Year Degree Price

4 Year Sticker Price
Year All Residents
1 $46,532
2 $48,803
3 $51,185
4 $53,683

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Mount Mercy University to be $186,128 - assuming graduation in normal time. The estimation assumes a 4.9% annual increase over the next 4 years which has been the recent trend for this school.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Mount Mercy University
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $958 $2,874 $3,832

Estimated cost for a class at Mount Mercy University based on published credit hour prices. Note that not all schools allow single class enrollment. These prices should be used for comparison purposes as to how much it may cost to take a class at Mount Mercy University versus other colleges.

Tuition Payment Plans Available

Mount Mercy University Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan No
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=154013 IPEDS survey data for Mount Mercy University.