Types of Aid

Most federal programs are awarded on the basis of “DEMONSTRATED FINANCIAL NEED.” Need is the difference between what it costs to attend a specific institution and what the family is able to contribute toward that cost. This “family contribution” can only be determined by filing the Free Application for Federal Student Aid (FAFSA).

Scholarships
Please visit our scholarship page to view Mercy College of Northwest Ohio’s scholarship opportunities and application.

Grants
Grants are awarded on the basis of financial need and do not require repayment. The grants that are available through Mercy College of Northwest Ohio are the Federal Pell Grant, Federal Academic Competitiveness Grant, Federal Supplemental Educational Opportunity Grant (FSEOG), Ohio Instructional Grant (OIG), Ohio College Opportunity Grant (OCOG), and the Ohio Choice Grant (for full time students in a four year program).

Loans
Several different loan options exist. All loans MUST be repaid. Not all loans are based upon need. The loan programs available at Mercy College of Northwest Ohio are:
- Federal Subsidized Stafford Loans
- Federal Unsubsidized Stafford Loans
- Federal PLUS Loans (Parent Loans, credit based)
- State of Ohio Nurse Education Assistance Loan Program (NEALP)
- Private Alternative Loans (credit based)

After all Federal and Private Loan options are exhausted, Mercy College of Northwest Ohio has two loan programs: