College Affordability
Mount Mercy is committed to making your education affordable. Check out these resources:
FAFSA (use Mount Mercy's code: 001880)
A Mount Mercy education is one of the best investments you can make. In fact, many students find that Mount Mercy can be less expensive than many public and private schools in the region.
The 2025–26 FAFSA form is now open. Please take the steps below to file your FAFSA. It will take about an hour to complete the full form.
Mount Mercy will begin processing your financial aid package once we receive your FAFSA from the federal government. If you have any questions, please contact our Office of Financial Aid at 319-368-6467 or finaid@parkviewhousebb.com.
The U.S. Department of Education made many changes and simplifications to the FAFSA last year. Here are some of the main updates:
The first step is to make sure everyone has their own StudentAid.gov account/FSA ID. The student and all contributors will need their own accounts, so setting these up in advance will streamline your ability to fill out the FAFSA.
The FAFSA operates with the previous year's tax information. You'll fill out the 2025-26 FAFSA using tax information from 2023.
With generous financial aid options and a focus on clear pathways to graduation, Mount Mercy is committed to making your education an affordable investment. Please reach out to our financial aid counselors to talk about all the available financial aid options—we're here to help!
112 Warde Hall
finaid@parkviewhousebb.com
319-368-6467 or 1-800-248-4504 ext.6467
Office Hours
Monday-Thursday: 8:00 AM-4:30 PM
Friday: 8:00 AM-4:00 PM
Summer Hours
Monday-Thursday: 8:00 AM-4:00 PM
Friday: 8:00 AM-Noon
The first step in applying for financial aid is to complete the FAFSA (Free Application for Federal Student Aid). Mount Mercy's federal school code is 001880.
Mount Mercy’s financial aid award letter will serve as official notification of your financial aid eligibility. While not a commitment of funds, the letter is an initial indication of state, federal, institutional, and outside agency funds available. The letter will include the amounts of federal, state, and institutional aid for which the student is awarded, and the award period. Students can accept financial aid by following the instructions on their award letter.
The priority deadline for new incoming traditional students (fall semester) to file the FAFSA is March 1. Iowa students (all undergraduate students) should file the FAFSA no later than July 1 to be eligible for the Iowa Tuition Grant. To be eligible to receive financial aid, Mount Mercy’s Financial Aid Office must receive all necessary documents for processing aid by October 1 for the fall semester and March 1 for the spring semester.
To receive aid from the major federal student aid programs and to determine eligibility for institutional aid, a student must:
All federally funded programs are subject to change as a result of legislative action.
To be eligible for state financial aid programs, a student must be:
All students who register to take class(es) at Mount Mercy University are required to electronically sign (e-sign) a Financial Responsibility Agreement (FRA).
The Financial Responsibility Agreement is a disclosure agreement between you and Mount Mercy University that states that you agree to pay all charges that result from your registration and services you receive from the university. You will be asked to acknowledge that you understand that you are responsible for paying all charges associated with your attendance and where applicable, residence costs at the university. The agreement also explains how your financial aid is used to pay your bill, the consequences of not paying your bill in a timely fashion, how the university will notify you about any outstanding balance you owe the university, social security number or taxpayer identification number requirement for 1098-T forms, and electronic distribution of 1098-T forms.
You (the student) will receive an email inviting you to read and sign the agreement. If you decline to sign the form, your enrollment will be subject to cancellation since you are not agreeing to pay the university. You will only need to sign the agreement once as long as you maintain continuous enrollment with the university.
Mount Mercy University accepts tuition reimbursement from employers who offer that benefit. We allow students that receive tuition reimbursement up to 45 days after the completion of the course to pay the course tuition.