Most students must rely on educational loans to cover at least some portion of their educational costs. Educational loans are available to undergraduate and graduate students as well as parents of undergraduate students. Student loan borrowing is an investment in your future. When deciding to borrow, it is very important you are obtaining the best possible loans available to you in terms of interest rates and repayment options.

Federal student loans are the most favorable type of educational loans for students. You are advised to first consider all federal loans for which you qualify before considering private educational loans.

The Office of Student Financial Services at Mercyhurst University is a member of NASFAA, the National Association of Student Financial Aid Administrators. We abide by NASFAA’s Code of Conduct for Student Financial Services Professionals.

When you file the FAFSA® , the Office of Student Financial Services automatically considers you for all federal educational loans in which Mercyhurst University participates.

Federal Perkins Loan
This loan program is available to students that demonstrate very high financial need.

Federal Direct Loan
This loan program is available to all students.

Federal Direct PLUS Loan
This program is available to parents of undergraduate students and to graduate students, who need funding beyond the Perkins and Direct loans.

Loan information for students or parents of students who apply for and receive a Federal Direct Loan or Federal Perkins Loan will be reported to the National Student Loan Data System (NSLDS) by the U.S. Department of Education.  This information will be accessible by the student, parent (for PLUS loans), authorized agencies, lenders, and institutions.

Private Alternative Loans
Students who need additional funds after considering the federal student loans listed above or students who are ineligible for federal aid - may need to apply for an alternative loan.

Loan Counseling

All incoming students that have received Federal Loans are required to complete the Master Promissory Note and Entrance Counseling before funds will be dispersed to their student account here at Mercyhurst University. Both tasks can be completed online at