Financial Aid Policies for Current Students

Time Line for Current Students

 

Date Event

August

Financial Aid disbursements begin, no sooner than 10 days prior to start of semester

November - December

Watch for FAFSA Renewal Information via mail or e-mail

December 31

Last day to apply for Fall Semester One Course Grant

January 1

Begin Filing FAFSA

February

Financial Aid Awareness Month

March 1

Mount Mercy FAFSA Filing Priority Deadline. Complete Scholarship Renewal Sheet if not filing FAFSA

May 31

Last day to apply for Spring Semester One Course Grant

July 1

FAFSA deadline for Iowa Tuition Grant, Mount Mercy Grant and Out of State Grant

 

Scholarship Renewal Criteria

 

Name Renewal Criteria
Holland Scholarship
  • Minimum cumulative MMU grade point 3.0 at the end of each year
  • Failure to maintain minimum GPA will result in re-award of initial Presidential Scholarship. Must meet Presidential Scholarship GPA requirement of 2.7
  • If the student does not meet minimum GPA of Presidential Scholarship or Honor Scholarship requirements, the student will not receive the scholarship until eligibility is restored.
  • Must be enrolled as a full-time student
Presidential Scholarship
  • Minimum cumulative MMU grade point 2.7 at the end of each year
Distinguished Honor Scholarship
  • Minimum cumulative MMU grade point 2.3 at the end of each year
Honor Scholarship
  • Minimum cumulative MMU grade point 2.0 at the end of each year
Achievement Awards
  • Leadership and Service Award or Heritage Award
  • Participation in Mount Mercy Clubs and organizations
  • Participation in on-campus service projects
Art Scholarship
  • Determined by Department
  • Recipients are required to take at least two art courses and attend two art receptions each year at Mount Mercy University
Music Scholarship
  • Determined by Department
  • Recipients are required to participate in a choir each fall and spring at Mount Mercy University. Choir does not need to be taken for credit.
Social Work Scholarship
  • Determined by Department
  • Minimum cumulative grade point average of 2.75
  • Recipient must be making progress toward the completion of the social work major
Speech and Drama
  • Determined by Department
  • Participation at a specific level in related activities at Mount Mercy University
All Scholarships
  • Scholarships apply only to fall and spring semesters
  • Scholarships are awarded for up to 4 years for courses that are taken on the Mount Mercy campus
  • Each year full-time students must successfully complete at least 24 semester hours prior to the start of the next academic year
  • Each year part-time students must successfully complete at least 12 semester prior to the start of the next academic year
  • Hours completed prior to starting at Mount Mercy University are not counted toward the annual hour completion requirement but do count toward graduation
  • For all academic scholarships, other than Holland, if a student fails to meet the minimum GPA required the student will not receive the scholarship until eligibility is restored
  • The regaining of eligibility does not enable retroactive funding of scholarships
  • A student may appeal the loss of a scholarship by writing a letter to the Director of Financial Aid. The appeal will be reviewed by the Director of Financial Aid, the Dean of Admission, Vice President for Finance, and Vice President for Academic Affairs.