Mercyhurst University reported a 1.8% tuition increase for the 2022-23 school year, as detailed in its most recent disclosure, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the four-year private, not-for-profit institution paid $43,460 this year, which is $780 higher than the $42,680 charged during the 2021-22 academic year.
Approximately 51% of the undergraduate student body are Pennsylvania residents, while about 45% come from other states and 3% are international students.
Data indicates that all full-time undergraduates who began studies at Mercyhurst University in 2022-23 received some form of financial aid. A total of 540 students were awarded grants or scholarships amounting to $17 million, and 377 students obtained student loans exceeding $3.7 million.
Across the entire undergraduate population, 2,293 students benefited from grants or scholarships totaling $70.1 million. Additionally, 1,648 students borrowed $11 million in federal student loans.
Undergraduate education costs have seen a significant increase over the past few decades. Data shows a 169% rise in the average total cost, including tuition, fees, room, and board, between 1980 and 2020.
According to a 2023 College Board report, in-state students at public universities paid an average of $11,260, while out-of-state students paid $29,150 in the 2023-24 academic year.
Meanwhile, student loan debt has steadily increased over the last 30 years, reaching $1.75 trillion in 2024, averaging a total of $28,950 per borrower. Federal loans make up 92% of the debt, with over half of students at both public and private four-year colleges graduating with student loans.
Available data sometimes exceeds 100% due to rounding and administrative calculations.
The following data includes only full-time students who began an undergraduate program at the Mercyhurst University in the 2022-23 school year.
| Type of Aid | Number of students awarded aid | Percent awarded aid | Total amount of aid awarded | Average amount of aid per student |
|---|---|---|---|---|
| Federal grants | 182 | 33% | $1.2 million | $6,574 |
| State / local grant or scholarship | 170 | 31% | $869,504 | $5,115 |
| Institutional grants or scholarships | 523 | 95% | $14.9 million | $28,508 |
| Grant or scholarship aid total | 540 | 99% | $17 million | $31,437 |
| Federal student loans | 370 | 68% | $2 million | $5,473 |
| Other student loans | 102 | 19% | $1.7 million | $16,756 |
| Student loan aid | 377 | 69% | $3.7 million | $9,905 |
| Total student aid | 548 | 100% | $20.7 million | $37,791 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
