College Affordability
Mount Mercy is committed to making your education affordable. Check out these resources:
A variety of loans and programs can help in funding your education. A loan will require repayment, and most repayment plans begin six months after you leave school.
The federal government offers loans for students regardless of credit history or current finances. Many of these loans do not accrue interest while you are enrolled in school, provided you maintain minimum course hours.
Education loans are available from a number of private lenders. These loans typically require a credit check and, in most cases, a cosigner. Private loans must be repaid, and repayment typically begins once the student is no longer enrolled at least 1/2 time (6 or more credit hours).
Mount Mercy works with a variety of lenders, and it's up to the student and family to decide which private lender they would like to use. For additional information on private loans or to review a historical list of lenders Mount Mercy students have used, please visit our FASTChoice website.
The Nursing Faculty Loan Program (NFLP) is for master’s program nursing students seeking a career as a nursing faculty member. Students enrolled in Mount Mercy’s Master of Science in Nursing program earning a nurse education emphasis are eligible to receive a low-interest loan, with up to 85% forgiven after four years of teaching at a post-secondary institution.
Students enrolled in the MSN program earning a nurse education emphasis, and who intend to teach full-time at a post-secondary institution with an LPN or RN education, are eligible to apply. Please contact our office to apply, and let the graduate nursing program director know about your interest in NFLP funding once admitted to the MSN program.