Financial
aid consists of two types of assistance: gift aid and self-help
aid. Gift aid is in the form of scholarships, grants,
and awards that do not need to be repaid. Gift aid can be received
from Mount Mercy College, the federal government, the State of
Iowa, and private donors. Self-help aid refers to student
employment and loans. A student assisted by employment must work
a specific number of hours in order to receive the awarded amount.
Loans must be repaid after the student is no longer enrolled.
