Financial Aid FAQ | Mercy College

Financial Aid FAQ

The only form necessary to apply for financial aid is the FAFSA (Free Application for Federal Student Aid). The FAFSA is used to determine your eligibility for financial aid.

The Mercy College school code is 030970. Be sure to include this on the FAFSA so that your information is sent to the Financial Aid Office.

You might hear about some changes to the Free Application for Federal Student Aid (FAFSA®). But don’t worry; these changes were put in place to make the FAFSA process easier. Starting with the 2017–18 FAFSA, there will be two major changes:

1.  You’ll be able to submit your FAFSA® earlier. You can file your 2017–18 FAFSA as early as Oct. 1, 2016, rather than beginning on Jan. 1, 2017. The earlier submission date will be a permanent change, enabling you to complete and submit a FAFSA as early as October 1 every year. If you file the FAFSA earlier, you’ll have an earlier indication of how much your family is expected to contribute, which will help with budgeting for the upcoming school year. 

2.  You’ll use earlier income and tax information. Beginning with the 2017–18 FAFSA, students will be required to report income and tax information from an earlier tax year. For example, on the 2017–18 FAFSA, you—and your parent(s), as appropriate—will report your 2015 income and tax information, rather than your 2016 income and tax information. This change will make the FAFSA easier because you’ll already have done your taxes by the time you fill out your FAFSA, and you may be able to automatically import your tax information into your FAFSA. 

We make every effort to ensure that our students receive award letters as soon as possible. Our goal is to provide incoming freshmen who have met the priority filing date and who have submitted all requested paperwork with an award letter in time to make an informed decision about their college choice. For continuing students, award letters are usually completed at the end of spring semester. If you have met the priority filing date and have not received an award letter by the end of May please contact our office.

Veterans, service members, and dependents eligible for VA education benefits may use those benefits at Mercy College. Please contact the Financial Aid Director to process your benefits at Mercy College.

The office is open Monday through Friday from 8:00 AM until 5:00 PM unless otherwise posted. Evening appointments are available with advanced notice. We are located on the sixth floor, Jefferson Avenue entrance, Toledo campus.

There are several ways to get in touch with the Financial Aid Office. You can call the office directly at 419-251-1219. If no one is available your call will be returned within 48 hours. You can also e-mail us or stop by our office during business hours.

There are several payment options available to students. To make payment arrangements or for further information you will need to contact the Business Office at 419-251-1726. The financial aid office does not handle payments.  Click here to view the Tuition and Fees page.

Please refer to your College Catalog for Mercy College’s tuition refund policy. The College Catalog is available in PDF on the Mercy College website.  Click here to view the most recent College Catalog.

You must officially withdraw from your courses. This process can be started with the Office of Student Records. Please refer to your College Catalog for Mercy College’s withdrawal policy. The College Catalog is available in PDF on the Mercy College website.  Click here to view the most recent College Catalog.

Financial Aid Booklet (PDF)