Financial Aid Index
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A student has the right to ask Mount Mercy College:

  • The names of accrediting and licensing organizations.
  • About its programs; its instructional, laboratory, and other physical facilities, and its faculty.
  • What the cost of attending is, and what its policy is on refunds to students who drop out.
  • What financial assistance is available, including information on all federal, state, local, private, and institutional financial aid programs.
  • What the procedures and deadlines are for submitting applications for each available financial aid program.
  • How it selects aid recipients.
  • How it determines the student's financial need. This process includes how costs for tuition and fees, room and board, travel, books and supplies, and personal and miscellaneous expenses are considered in the cost of education. It also includes the resources considered in calculating need (such as parental contribution, other financial aid, assets, etc.).
  • How much of the student's financial need, as determined by the school, as been met.
  • To explain each type and amount of assistance in the student's financial aid award and how a student was selected as a recipient.
  • What the interest rate is on any student loan the student has, the total amount the student has to repay, the length of time the student has to repay, when the student must start repaying , and what cancellation or deferment provisions apply.
  • If the student is offered a Federal work study job, what kind of job it is, what hours the student must work, what the student's duties will be, what the rate of pay will be, and how much and when the student will be paid.
  • To reconsider the student's aid package if the student believes a mistake has been made, or it the student's enrollment or financial circumstances have changed.
  • How the school determines whether the student is making satisfactory academic progress, and what happens if the student is not.
  • What special facilities and services are available to the disabled.
  • Completion/graduation and job placement  rates and how they are calculated.
  • Terms and conditions of loan deferments for service in the Peace Corps and Volunteer Service.