News | Mercy College
Posted 8/4/2014

Financial Aid Office - new location

The Financial Aid Office has a new location!  We are now located on the 6th floor Madison Avenue side.  All office contact information remains the same except the fax number. 

Financial Aid Contact Information:

Phone:  (419) 251-1219 or (888) 80-MERCY
(NEW) Fax:  (419) 251-0969
Email:  financialaid@mercycollege.edu
 

Posted 7/25/2014

Mercy College of Ohio announces new president

Carl Barnard, Chairperson, Board of Trustees for Mercy College of Ohio, and Brian Smith, Executive Vice President, Networks, Catholic Health Partners (CHP), announced today the appointment of Susan C. Wajert, PhD, MSN, MBA, RN, as the next President and CEO of Mercy College. James Harter, Vice President of Administrative Services, will remain as interim president until Dr. Wajert begins her position on August 4.

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Posted 7/9/2014

Time Limitation on Direct Subsidized Loan Eligibility for First-Time Borrowers

Please read the following information regardig time limitation on Direct Subsidized Loan eligibility for first-time borrowers on or after July 1, 2013:

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Posted 7/9/2014

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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Posted 6/20/2014

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.