Grants/Need-Based Aid

Federal and state grants are available for students showing financial need. To be eligible for any of the grants listed below you must file a FAFSA form. Renewal of these grants from year to year is based on financial need.

Federal Pell Grants
Eligibility is based on financial need as determined by your FAFSA. Awards range in value from $523 - $4,731 based on financial need and course load.

Federal Supplemental Educational Opportunity Grants (FSEOG)
These grants are available to a limited number of undergraduate students who demonstrate exceptional financial need and are eligible for the Pell Grant. Amounts vary but at Mercy College they are typically $900.

Iowa Tuition Grant
The State of Iowa offers the Iowa Tuition Grant to students who are residents of Iowa, plan to attend a private college in Iowa, and meet the estimated family contribution (EFC) requirements. To be eligible for the Iowa Tuition Grant you must have filed the FAFSA form by July 1st. The amount is determined each year by the Iowa College Student Aid Commission but for 2008-09 is scheduled to be $4,000. In the event that available state funds will be insufficient to pay the full amount of each approved grant due to the state’s fiscal condition, the Iowa College Student Aid Commission will administratively reduce the maximum award to an amount less that the statutory maximum.