Financial Aid

If you require financial aid to pursue your education at Mercy College of Northwest Ohio, our Financial Aid Office is available to assist you. There are many financial aid opportunities, including scholarships, grants, loans and work-study programs. Our financial aid advisors will help you find the means to help you finance your education. We provide this service and information to assist any student who needs financial aid to supplement the family contributions.

  Understanding Your Award Notification (PDF)

Federal Direct Stafford Loan 2010-2011

Federal Direct Stafford Subsidized and Unsubsidized Stafford Loans are used to assist in paying for college expenses.  These loans are in the student’s name and the student is responsible for repaying them after they leave school or drop below half-time enrollment (6 credits).  For loans disbursed on or after 7/1/2010 and before 7/1/2011 the fixed interest rate for Direct Subsidized is 4.5% and for Direct Unsubsidized is 6.8%.  Please complete the following steps in order to receive a Federal Stafford Loan.

• Complete a 2010/2011 FAFSA, if you have not already done so
• Review your Mercy College award letter and complete the Loan Request Form
• Complete your on-line Entrance Counseling (1st time borrowers only)
• Complete an electronic Master Promissory Note (MPN)

Federal Direct Parent PLUS Loan 2010-11

 Federal PLUS Loans are loans that a parent can apply for in order to assist in paying for college expenses for their dependent student.  These loans are in the parent’s name and the parent is responsible for repaying them. The fixed interest rate is 7.9%.   Please complete the following steps in order to receive a Federal PLUS Loan.

• Your dependent student must complete a 2010/2011 FAFSA, if they have not already done so
• Complete an electronic PLUS Promissory Note

2010-11 Private Alternative Loans

Private Alternative Loans are loans that a student can apply for in their own name.  Often these loans require a co-signer because approval is based upon the credit-worthiness of the student.  Some of these loans may require interest payments be made while the student is still in school.  Most Private Alternative Loans have a variable interest rate, therefore Mercy College encourages students to exhaust all other forms of financial aid before borrowing a Private Loan.

• Click here to apply for a Private Alternative Loan

Nurse Education Assistance Loan Program (NEALP)

The Nurse Education Assistance Loan Program (NEALP) provides financial assistance to Ohio students enrolled for at least half-time study in an approved Ohio nurse education program.   NEALP provides funding for nurses who intend to serve as instructors as well as students who intend to serve as nurses after graduation.  For more information or to complete the application on-line, please visit the Ohio Board of Regents website.

Helpful Financial Aid Links

• FAFSA Application
• PIN Request
• NSLDS (National Student Loan Data System)
• College.gov
• Federal Tax Benefits for College Students

If you have any additional questions regarding the Financial Aid Process, please call 1-888-80-MERCY, ext. 1-1219 or email us at: financialaid@mercycollege.edu.  Our office hours are:  Monday through Friday 8:00 AM to 5:00 PM.

Financial Aid Office Contacts

Sam Pfitzer
Financial Aid Secretary
419-251-1219 or 1-888-80-MERCY, ext. 1-1219
samantha.pfitzer@mercycollege.edu

Sarah Robarge
Financial Aid Secretary
419-251-1417 or 1-888-80-MERCY, ext. 1-1417
sarah.robarge@mercycollege.edu