MaconCatalog : Financial Information : Financial Assistance
Financial Assistance
Mercer University’s financial aid programs are administered in conjunction with a federally-established policy and philosophy of financial aid for education. The basis of this policy is the belief that the student and, for dependent students, his or her parents have the primary responsibility for paying the costs of education, and financial assistance is available to help students meet the difference between the Cost of Attendance (COA) and the student’s Expected Family Contribution (EFC), as determined by the Free Application for Federal Student Aid (FAFSA).
Students and parents of dependent students should carefully review the “Financial Information” section of this catalog to be familiar with the direct charges of the University. In addition to direct charges, other personal expenses such as transportation, books, and supplies included in the Cost of Attendance should be anticipated. Undergraduate students and families are also strongly encouraged to complete Mercer’s “Net Price” Calculator to get an estimate of the assistance they may receive as an enrolled student at Mercer. All students are strongly encouraged to review the University’s website for up-to-date policies and procedures.
The purpose of financial aid programs is to assist students who would be unable to attend college without such aid. Financial assistance may be from the University, federal, state, or outside sources and may include scholarships, grants, loans, and part-time employment. These types of assistance are extended either singly or in combination. Financial assistance included in the financial aid notification letter or "package" offered to students depends upon a student's academic record, state residency, and financial need as determined by the FAFSA. Understandably, most students would prefer assistance through a full scholarship or gift program rather than a "package" of assistance, but the package method enables the University to assist more students, thereby increasing the possibility of each applicant receiving funds. Each applicant will be considered for all aid programs administered by the Student Financial Planning Office.