#21 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$2,000
Other Fees$2,550
Estimated Off Campus Cost of Living $6,844
Other Expenses Budget$6,318

Annual Prices

The annual list price to attend Mercy College of Ohio on a full time basis for 2018/2019 is $31,062 for all students regardless of their residency. This fee is comprised of $13,350 for tuition, $6,844 room and board, $2,000 for books and supplies and $2,550 for other fees. Out of state tuition for Mercy College of Ohio is $13,350, the same as Ohio residents.

All price data is sourced from the 2019/2020 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 Mercy College of Ohio when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2018/2019
Net Price by Income Mercy College of Ohio
Family Income Net Price Paid
$0 to $30,000$20,779
$30,001 to $48,000$19,897
$48,001 to $75,000$24,110
$75,001 to $110,000$25,340

The average reported annual net price for Mercy College of Ohio for students receiving grants or scholarship aid was $19,671 in 2018/2019. 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

77% 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 $5,010 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 67% of students received Federal Student Loans averaging $5,466 and 26% of undergrads took out private student loans averaging $9,490.

Finanical Aid Mercy College of Ohio
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $5,010 77%
Institutional Grants and Scholarships $2,778 58%
Pell Grants $4,565 30%
Other Federal Grants $200 9%
State and Local Grants $2,979 28%
Federal Student Loans $5,466 67%
Other Student Loans $9,490 26%

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 $689 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 $72,200
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $688.87
Total Interest Paid $10,464.12
Sum of All Loan Payments $82,664.12

Projected 4 Year Degree Price

4 Year Sticker Price
Year All Residents
1 $31,062
2 $32,321
3 $33,632
4 $34,995

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 $124,248 - assuming graduation in normal time. The estimation assumes a 4.1% 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 $491 $1,473 $1,964

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

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