#24 Best Private Colleges in Ohio

MCNWO|MCL|Mercy College Tuition & Cost

Toledo, Ohio

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How much does it cost to attend?

Sticker Price

Costs for Mercy College of Ohio
Fee Cost
Books and Supplies$1,350
Other Fees$2,750
Estimated Off Campus Cost of Living $7,108
Other Expenses Budget$6,562

Annual Tuition & Costs

The annual tuition to attend Mercy College of Ohio is $16,200. The cost is the same for both in-state and out-of-state students. Room and board fees are an additional $7,108. For educational materials, students should allocate approximately $1,350 for books and supplies plus $2,750 for other fees charged by the school. Finally, students should budget $6,562 for miscellaneous expenses throughout the year. With all these fees considered, the expected total cost to attend Mercy College of Ohio on a full-time basis is $33,970 per annum.

All price data is sourced from the 2021/2022 U.S. Department of Education National Center for Education Statistics survey.
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Net Price

The average reported annual net price for Mercy College of Ohio for students receiving grants or scholarship aid was $13,856 in 2019/2020. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

The net price provides a more realistic estimate of the true cost of attending Mercy College of Ohio, once common grants and scholarships have been taken into account. It's important to note that this net price can fluctuate based on factors such as family income and individual financial need.

Average Net Price 2019/2020

Net Price by Income Mercy College of Ohio
Family Income Net Price Paid
$0 to $30,000$16,695
$30,001 to $48,000$18,939
$48,001 to $75,000$18,639
$75,001 to $110,000$22,784

Financial Aid

97% of full-time undergrad Mercy College of Ohio received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $8,743 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 94% of students received Federal Student Loans averaging $5,530 and 6% of undergrads took out private student loans averaging $18,671.

Finanical Aid Mercy College of Ohio
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $8,743 97%
Institutional Grants and Scholarships $6,799 68%
Pell Grants $5,553 39%
Other Federal Grants $320 23%
State and Local Grants $2,236 23%
Federal Student Loans $5,530 94%
Other Student Loans $18,671 6%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Mercy College of Ohio, we've modeled a ten year student loan with an original principal value of $72,200. The loan balance of $72,200 is a four year multiple of the $18,050 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 $765 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 4.99%.

Example Loan $72,200
Stafford Loan Interest Rate 4.99%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $765.44
Total Interest Paid $19,652.82
Sum of All Loan Payments $91,852.82

Projected 4 Year Degree Price

4 Year Sticker Price

Year All Residents
1 $33,970
2 $36,441
3 $39,091
4 $41,934

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Mercy College of Ohio to be $135,880 - assuming graduation in normal time. The estimation assumes a 7.3% 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 of Ohio
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $540 $1,620 $2,160

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

Tuition Payment Plans Available

Mercy College of Ohio Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan No
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No

Costs for Similar Colleges 

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Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=203960 IPEDS survey data for Mercy College of Ohio.