#45 Best Private Colleges in New York

Mercy Tuition & Cost

Dobbs Ferry, New York

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How much does it cost to attend?

Sticker Price
Costs for Mercy College
Fee Cost
Books and Supplies$1,652
Other Fees$800
Room and Board $14,650
Other Expenses Budget$3,292

Annual Prices

The annual list price to attend Mercy College on a full time basis for 2020/2021 is $40,152 for all students regardless of their residency. This fee is comprised of $19,758 for tuition, $14,650 room and board, $1,652 for books and supplies and $800 for other fees. Out of state tuition for Mercy College is $19,758, the same as New York residents.

All price data is sourced from the 2020/2021 U.S. Department of Education National Center for Education Statistics survey.

Net Price

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

Average Net Price 2019/2020
Net Price by Income Mercy College
Family Income Net Price Paid
$0 to $30,000$12,374
$30,001 to $48,000$13,832
$48,001 to $75,000$17,281
$75,001 to $110,000$22,652

The average reported annual net price for Mercy College for students receiving grants or scholarship aid was $15,721 in 2019/2020. 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

96% of full-time undergrad Mercy College received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $14,062 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 52% of students received Federal Student Loans averaging $4,927 and 6% of undergrads took out private student loans averaging $12,768.

Finanical Aid Mercy College
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $14,062 96%
Institutional Grants and Scholarships $7,209 95%
Pell Grants $5,276 73%
Other Federal Grants $900 0%
State and Local Grants $4,102 67%
Federal Student Loans $4,927 52%
Other Student Loans $12,768 6%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Mercy College, we've modeled a ten year student loan with an original principal value of $57,328. The loan balance of $57,328 is a four year multiple of the $14,332 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 $547 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 2.75%.

Example Loan $57,328
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $546.97
Total Interest Paid $8,308.68
Sum of All Loan Payments $65,636.68

Projected 4 Year Degree Price

4 Year Sticker Price
Year All Residents
1 $40,152
2 $41,206
3 $42,287
4 $43,397

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Mercy College to be $160,608 - assuming graduation in normal time. The estimation assumes a 2.6% 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 Mercy College
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $823 $2,469 $3,292

Estimated cost for a class at Mercy College 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 Mercy College versus other colleges.

Tuition Payment Plans Available

Mercy College 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=193016 IPEDS survey data for Mercy College.