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Financial Aid

About Financial Aid

At 鶹, we believe your ability to finance the cost of tuition should never interfere with your college education. There are many options when it comes to funding your education— from grants and scholarships to loans and work-study programs — Mercy offers countless forms of financial aid.

You’re also not alone at Mercy, we’re here to help. Our Office Student Financial Services staff are available to help you navigate financial aid and explore your options.

Student in Hudson Hall Lounge

Financial Aid Basics

How am I going to pay for college?

It’s a question all students have, and at Mercy we don’t think you should have to answer it alone. We believe nothing should stand in the way of your education and want to help you maximize the financial aid options available to you.

Below is information you can use to help guide you through the financial aid process, and if you have any question reach out to us.


Am I Eligible for Financial Aid?

In addition to providing documentation for financial need
(FAFSA and other verification forms upon request),
you must also:

  • Be a U.S. citizen or eligible non-citizen - Students with permanent resident status must provide alien registration information
  • Be regularly admitted to and enrolled at Mercy College as a matriculated student
  • Be enrolled full time - To be eligible for many types of scholarship and financial aid. Full time means 12 credits per semester as an undergraduate. Some types of aid, depending upon program restrictions and available funds, may be awarded to student enrolled in as few as 6 credit hours

Student Resources

Aid calculator

Use the Net Price Calculator to estimate federal, state and institutional aid eligibility and better determine possible out-of-pocket costs for your college education.

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Tuition & Additional Fees

Learn more about the latest costs of individual programs and see additional fees for different types of students.

Work Study Program

The Student Worker Program runs through the academic year. The majority of available positions are for students receiving Federal Work Study Funds through their financial aid package.

Student clubs and activities

Student Accounts

The Office of Student Accounts is responsible for student billing and revenue collection. Student Accounts oversees monthly payment plans, discounts, deferred tuition payments, special programs, refunds, collection of past due student accounts and all departmental transactions.

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Scholarships & Grants

How much do I actually have to pay?

Do I have payment options?

All incoming students are automatically reviewed for scholarship eligibility, all you have to do is have a completed FAFSA on file.

Learn more about Scholarships and Grants

Understanding Your Bill 

We’ve created a helpful guide to help you read your 鶹 bill and explore your options for funding your education. Click here to learn more.


鶹 makes applying for financial aid easy.  We only require students to complete the FASFA (Free Application for Federal Student Aid). It contains the information we need to prepare your individual financial aid package.

Student Financial Services works with you to manage the financial aid process from application to enrollment.  If additional information is required, the office will contact you. You can always come in to the Student Financial Services office and meet with your personal Student Financial Services counselor to ask questions and review your aid eligibility.

 makes applying for financial aid easy. You can access your personal data and update it. Be sure to check it monthly. Mercy Connect is accessible from home computers, school computer labs and kiosks located around the four campuses. 

For purposes of determining financial aid eligibility under Title IV of the Higher Education Act (HEA) of 1965, all institutions, including 鶹, must establish reasonable standards for measuring whether a student is maintaining satisfactory academic progress (SAP). On October 29, 2010, the Secretary of Education published final rules aimed at improving the integrity of programs authorized under Title IV of the HEA. Effective July 1, 2011, institutions must comply with the published regulations that impact SAP. Student Financial Services has implemented its satisfactory academic progress policy to comply with said regulations.

鶹 students who do not make satisfactory academic progress towards their degree will not be eligible for the following federal Title IV aid programs:

  • Federal Pell Grants.
  • Federal Supplemental Educational Opportunity Grants (SEOG).
  • Federal Work Study Program.
  • Federal Direct Loan Programs, both Subsidized and Unsubsidized loans.
  • Federal Direct Parent Plus Loan Program.

In addition, students who do not meet satisfactory academic progress will not be eligible to receive institutional (鶹-based) grants and scholarships.
NOTE: Students receiving academic scholarships must also meet the criteria outlined in the initial scholarship notification letter.

Student Financial Services will review academic records annually after each spring term to monitor that students are making progress towards degree completion. Students are required to maintain qualitative and quantitative standards, and may not exceed the maximum time frame for their program.

Qualitative Measure Standards

To maintain the qualitative standards of satisfactory academic progress, students must meet the cumulative GPA at the end of each academic year, as outlined in the charts below. The end of an academic year is defined as the end of the spring term of each academic year, regardless of the term an individual student began his/her studies with the University in a given academic year.

Undergraduate Students



Credit hours attempted

Cumulative GPA

Credit hours attempted

Cumulative GPA

0-15 credits

1.50 GPA

0-30 credits

1.50 GPA

16-30 credits

1.75 GPA

31-60 credits

1.75 GPA

31+ credits

2.00 GPA

61 credits or above

2.00 GPA


Graduate Students


Credit hours attempted

Cumulative GPA

1+ credits

3.00 GPA


Quantitative Measure Standards

To quantify academic progress, students must successfully earn credits toward their degree greater than or equal to 67 percent of the credits attempted.
For example, if a student has attempted 30 credit hours, he/she must earn 21 credits of those attempted (21 earned credits / 30 attempted credits x 100 percent = 70 percent). In this case, earning 20 credits would not be enough to equal 67% (20 earned credits / 30 attempted credits x 100 percent = 66.66 percent).

Maximum Time Frame

The number of credit hours for which a student may receive federal financial aid may not exceed 150 percent of the credit hours required to complete the academic program's published length.
Examples: If Student A is enrolled in a bachelor's program that requires 120 credit hours for completion, then 180 hours is the maximum number of attempted hours permitted for federal student aid eligibility (150% x 120 credit hours = 180). If Student A enrolled in an associate's program, he/she may receive aid for up to 90 attempted credit hours (150% x 60 credit hours = 90).
If Student B is enrolled in a master's program that requires 48 credit hours for completion then 72 hours is the maximum number of attempted hours permitted for federal student aid eligibility (150% x 48 credit hours = 72).

Evaluation and Notification of Federal Title IV Aid Ineligibility

Student Financial Services will review all students’ academic records annually at the conclusion of the respective spring term. Students who are not making satisfactory academic progress towards their degree will immediately lose eligibility for future Title IV aid. Students will be notified of their ineligible status via electronic or postal mail from Student Financial Services. Note: If a student has a grade change or correction to their academic record subsequent to the review process, he/she should notify his Student Services Counselor in writing to request a reevaluation of their Title IV academic progress.

The University includes all courses attempted at 鶹 plus course work accepted
as transfer credit towards the student’s declared major in the quantitative measurement
in determining successful SAP.
Click here for a more detailed policy.

鶹 has established a Title IV SAP appeal process. Students who have unforeseen extenuating circumstances that prevented them from making SAP may submit an appeal in writing to the SAP Appeals Committee.

Students are able to submit their appeal through . 

Click here for additional information on the appeals process.

Contact Us

Give us a call: 877-MERCY-GO

Monday - Thursday: 9:00 a.m. - 7:00 p.m.
Friday: 9:00 AM - 5:00 p.m.

Dobbs Ferry Campus

Location: Mercy Hall

Monday - Thursday: 9:00 a.m. - 7:00 p.m.
Friday: 9:00 a.m. - 5:00 p.m.

Manhattan Campus

Location: Sixth Floor

Monday - Thursday: 9:00 a.m. - 7:00 p.m.
Friday: 9:00 a.m. - 5:00 p.m.

Bronx Campus

Location: First Floor

Monday - Thursday: 9:00 a.m. - 7:00 p.m.
Friday: 9:00 a.m. - 5:00 p.m.