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Financial Aid and Scholarships

Finances should never come between a student and a college education. With one of the lowest private college tuition rates in the country, Mercy makes college affordable for students who are motivated to learn. 

We offer a large number of scholarships, need-based grants and loans specifically designed for transfer students. 

It's a question all students have . . .

How am I going to pay for college? At Mercy we are here to help you answer that question. We have provided the basics of financial aid to help you understand the aid available to you. 

Learn more about the scholarships and grants that are available to students at Mercy College.

To be eligible for a Transfer Scholarship students must show at least 24 or more transferrable college credits with a 3.0 or higher GPA. Testing credits are not considered towards merit scholarships. 

  • Presidential Honors Transfer Scholarship
    • GPA - 3.7 - 4.0 with 60+ transfer credits
    • Award Amount - $5,000
    • These partial scholarships are awarded to outstanding entering transfer students who have a cumulative GPA of 3.7 or above and 60+ transfer credits. Scholarship awards are renewable for two years or four semesters, as long as the recipient maintains a 3.2 GPA and meets the conditions for retaining the award.
  • Presidential Transfer Scholarship
    • GPA - 3.7 - 4.0 with up to 59 transfer credits
    • Award Amount - $5,000
    • These partial scholarships are awarded to outstanding entering transfer students who have a cumulative GPA of 3.7 or above and 24 - 59 credits. Scholarship awards are renewable for two years or four semesters, as long as the recipient maintains a 3.0 GPA and meets the conditions for retaining the award.
  • Mercy Transfer Scholarship
    • GPA - 3.4 - 3.69
    • Award Amount - $3,000
    • These partial scholarships are awarded to outstanding entering transfer students who have a cumulative GPA of 3.4 - 3.69 and 24+ credits. Scholarship awards are renewable for two years or four semesters, as long as the recipient maintains a 3.0 GPA and meets the conditions for retaining the award.
  • Trustee Transfer Scholarship
    • GPA - 3.0 - 3.39
    • Award Amount - $2,000
    • These partial scholarships are awarded to entering transfer students who have a cumulative GPA of 3.0 - 3.39 and 24+ credits. Scholarship awards are renewable for two years or four semesters, as long as the recipient maintains a 3.0 GPA and meets the conditions for retaining the award.

Students are only eligible to receive one of these two scholarships and must supply a copy of the certificate of membership.

Phi Theta Kappa (PTK) Scholarship

A one-time, $1,500 scholarship awarded to entering transfer students who are members of Phi Theta Kappa.


Alpha Beta Gamma (ABG) Scholarship

A one-time $1,500 scholarship awarded to entering transfer credits who are member of Alpha Beta Gamma.

Guide to Financial Aid

Use our virtual Financial Aid Guide to learn more about the financial aid that is available for our students. Follow the guide for the step-by-step process.

The cost of attending Mercy College broken down.

Direct Loans help you pay your way, but must be repaid. Direct Loans are backed by the Department of Education.

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.