MERCYHURST NORTH EAST AID AND SCHOLARSHIPS

In addition to the already-low tuition at Mercyhurst North East, federal, state, and institutional financial aid resources help lessen your college costs even further. Depending on your personal finances, academic program of choice, and timely submission of important forms and documents (i.e., the FAFSA), your out-of-pocket expenses can be greatly reduced through financial aid.

The items below are the most-used types of financial aid by category: institutional, federal, state, and private. While there may be other types of aid that are used from time to time, this list outlines the most common. Contact admissions or student financial services for answers to any financial aid related questions.

Institutional Aid

North East Grant

  • Amounts starting at approximately $600
  • Determined by need and financial situation
  • Must file the FAFSA (no deadline for NE Grants)
  • Renewable for second year
  • Must be full-time (at least 12 credits per term)

North East Athletic Scholarship

  • Amounts starting at approximately $900
  • Amount determined by coach
  • Contract must be signed and returned
  • If student leaves team, scholarship may be adjusted/rescinded
  • Generally cannot get both North East Grant and North East Athletic Scholarship
  • Renewable

North East Institutional Employment

  • One of many work study positions available throughout campus
  • Student gets paid bi-weekly
  • Does not go toward tuition, so plan accordingly
  • Great way to meet people, make money, and get job experience

Dean's Achievement Scholarship

  • For MNE students continuing studies at Mercyhurst Main Campus in Erie
  • Amount is determined by student's GPA  

         GPA               Scholarship Award 

         3.5 - 4.0        $18,000

         3.0 - 3.49      $16,000 

         2.75 - 2.99    $15,000

         2.5 - 2.74       $10,000

  • Traditional students who earn less than 60 credits but no degree from MNE are eligible to receive a $7,200 Dean's Achievement Scholarship to transfer to Mercyhurst’s Main Campus.
  • Adult students with a degree from MNE are eligible for a $2,200 Dean's Achievement Scholarship to attend Mercyhurst’s Main Campus.

Chamber of Commerce Scholarships

  • Any student working for a business that is a member of the Corry or North East Chambers of Commerce is eligible to receive roughly 25 percent off tuition at any Mercyhurst campus.
  • The COC Scholarship is worth $500 per three-credit course, up to $2,000 per semester.
  • You can register for the Chamber of Commerce Scholarship before the beginning of your first term by clicking here
  • Your employer may be asked to verify your status as an employee in good standing.

Endowed Scholarships

  • Generally reserved for hardship cases
  • Usually require a thank you note be submitted to the financial aid office
  • Awarded at the discretion of the Office of Student Financial Services

Federal Aid

The following is a quick reference list on available federal aid.

Federal PELL Grants

  • Directly related to the student’s EFC (estimated family contribution), the PELL grant ranges from $600 to $5,775.
  • Does not have to be repaid
  • Need-based

SEOG Grants

  • A limited amount of SEOG grants are available for MNE students
  • Does not have to be repaid
  • Students must receive PELL to be eligible

Federal Direct Loans

  • May be either “subsidized” (meaning the government pays the interest on them while you’re in school) or “unsubsidized” (your interest will accrue while in school)
  • Issued in the student’s name, and no co-signer is required
  • All first-time students (those who have never attended college before) will be eligible for $5,500 for their first year
  • If student is independent (according to FAFSA), may be eligible for an additional $4,000

Federal Direct Parent Loans

  • PLUS loans are much like alternative loans, but are in the parent’s name
  • If parent gets denied, student can receive an additional $4,000 Stafford loan
  • Repayment generally begins 60 days after last disbursement in a given school year

Federal Perkins Loans

  • A limited amount of Perkins Loans are available to MNE students
  • Subsidized
  • Student must receive the PELL grant to be eligible

State Aid

The following is a brief description of the state grant available to Pennsylvania residents.

PHEAA State Grants

  • Must be a Pennsylvania resident for at least one year
  • Must file your FAFSA by May 1 (Aug. 1 if never attended college before)
  • Must be enrolled in at least a two-year degree program
  • Must fill out and return the PHEAA state grant notice
  • Range from $500 to $4,000 depending on EFC and academic program

Private Loans

Alternative Loans

  • Numerous lenders offer student loans with interest rates starting at prime.
  • Repayment for most begins six months after the student is no longer enrolled at least part time.
  • Creditworthy co-signers are usually required (does not have to be a parent).
  • For a list of lending options please visit www.elmselect.com.