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What’s new at Mercy College


Interest Rate Change for New Direct Loans effective July 1, 2014

New loans made on or after July 1, 2014 through June 30, 2015, will have interest rates that are based on the 10-year Treasury note rate of 2.610, as follows.
• 4.66% for Stafford loans to undergraduate students, based on the 10 year Treasury note rate plus 2.05%
• 6.21% for Stafford loans to graduate students, based on the 10 year Treasury note rate plus 3.6%
• 7.21% for Parent PLUS and Graduate PLUS loans, based on the 10 year Treasury note plus 4.6%
For more information, please visit http://www2.ed.gov/offices/OSFAP/DirectLoan/calc.html
 

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Student Loans “Pay as You Earn” repayment plan information:

Student Loans “Pay as You Earn” repayment plan information:

Your maximum monthly payments will be 10% of discretionary income, the difference between your adjusted gross income and 150% of the poverty guideline for your family size and state of residence (other conditions apply).  Your payment changes as your income changes.  Repayment is up to 20 years. 
For more information, click here to find out who qualifies and how to apply. 
 

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How do I apply for financial aid at Mercy College?

The only form necessary to apply for federal and state financial aid (grants and loans) is the FAFSA (Free Application for Federal Student Aid).  The FAFSA is used to determine your eligibility.  For the 2014-15 academic year, the FAFSA application is now available on-line at http://www.fafsa.gov.  Mercy College of Ohio’s school code is 030970-00.  If you have any questions, please contact the financial aid office at (419) 251-1219 or financialaid@mercycollege.edu.  

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Mercy College to Start $3 Million Construction Upgrade

Just as finals are over and the Christmas break begins on Monday, December 16, 2013, Mercy College of Ohio will begin phase one of a three-part science laboratory construction project. The $3 million dollar project, estimated to be completed in 2015, will create an interactive learning environment for Mercy College students.

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