Tuition and Financial Aid

Financial Information

Tuition

Tuition is charged per semester hour. Tuition is due the first night of class. If you are reimbursed by your employer, and you have a completed Deferred Payment Plan Enrollment Form on file in the Student Financial Services Office, tuition is due 45 days from the end of each block. Current tuition rates are:

Program 2016–17 Rate 2017–18 Rate
Master of Arts in Criminal Justice (online program) $480 semester hour $490 semester hour
Master of Arts in Education $450 semester hour $460 semester hour
Master of Arts in Marriage and Family Therapy $465 semester hour $490 semester hour
Master of Business Administration $583 semester hour $590 semester hour
Master of Science in Nursing $583 semester hour $590 semester hour
Master of Strategic Leadership $583 semester hour $590 semester hour

Delinquent Accounts

All students, except those on employer reimbursement, are required to have their entire account paid in full by the first day of class. Any balance remaining after this date will be considered delinquent.

Students who are reimbursed by their employers are required to have their entire account paid in full within 45 days of receiving their grade report for each class or their account will be considered delinquent. It is the student’s responsibility to notify the Student Financial Services Office that s/he is eligible for employer reimbursement as well as notify them of any changes in reimbursement status.

Students with delinquent accounts may be subject to the following actions until the balance is paid in full:

  1. All current and future registrations will be cancelled
  2. All financial aid for future terms will be cancelled
  3. All student account privileges will be revoked
  4. Official transcripts will not be made available
  5. Interest of 18% per annum will be assessed on the unpaid balance
  6. Accounts will be turned over to a collection agency unless arrangements have been made for the timely payment of the delinquent amount due.

Additional Fees

Student Cost (All fees are non-refundable) Amount
Additional parking stickers (first sticker free) $2
Audit fee for a course $500
Mount Mercy ID card replacement fee (first card free) $25
Official transcript $7
Replacement diploma $75
Returned check $25

Financial Aid

Financial Aid counseling is available for all students. Mount Mercy University federal school code is 001880. A new FAFSA must be completed each academic year www.fafsa.ed.gov. For financial aid purposes, the academic year starts in the FALL semester (usually late August) and ends in the SUMMER semester (usually early August). For example, students who wish to apply for aid for SUMMER 2014 must complete a 2013-2014 FASFA, then a 2014-2015 FAFSA for FALL 2014 and SPRING 2015. Please contact the Student Financial Services Office for assistance in getting started: email finaid@mtmercy.edu, call 319-368-6467 or 800-248-4504 ext. 6467, or visit their office on the ground floor of Warde Hall.

Employer Discounts

Mount Mercy proudly partners with regional organizations to offer 10% off tuition for employees who enroll in any of the university’s graduate, accelerated or online programs. The discount is in addition to tuition assistance or reimbursement already provided by the employer. While Mount Mercy works to add more, partnerships include:

  • ACT
  • Clickstop
  • Department of Corrections
  • Frontier Co-op
  • Horizons
  • Kirkwood Community College
  • Mercy Iowa City 
  • Mercy Medical Center, Cedar Rapids
  • St. Luke's Hospital
  • TaxAct
  • Transamerica
  • University of Iowa Hospitals & Clinics
  • Van Meter Inc.