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Making College Worth It

Financial Aid

Financial Aid at Mount Mercy University

Online students are eligible for financial aid through federal and state grants and loans, veterans’ benefits, and more.

Once you’ve registered for coursework at Mount Mercy University, please call the Office of Financial Aid at 319-368-6467 if you are interested in receiving financial aid. Please note that online students are not eligible for institutional scholarships.

Federal and State Aid at MMU

To qualify for federal and state grants and loans, you need to file a FAFSA (Free Application for Federal Student Aid). Please note that Iowa applicants must submit their FAFSA by July 1 to be eligible for State of Iowa funds.

Frequently Asked Questions about the FAFSA

  • What is the FAFSA?

    FAFSA stands for Free Application for Federal Student Aid. It is a form that can be prepared annually by current and prospective students in order to determine eligibility for federal aid.

  • Do I have to fill out FAFSA?

    If you want to receive financial aid, yes, you must complete a FAFSA form.

  • What is Mount Mercy University’s FAFSA code?

    MMU’s FAFSA code is 001880.

  • What do I need to have on hand to complete the form?

    To complete your form, you will need:

    • Your Social Security Number
    • Your Alien Registration Number (if you are not a U.S. citizen)
    • Your federal income tax returns, W-2s, and other records of money earned (Note: You may be able to transfer your federal tax return information into your FAFSA using the IRS Data Retrieval Tool)
    • Bank statements and records of investments (if applicable)
    • Records of untaxed income (if applicable)
    • An FSA ID to sign electronically

    If you are a dependent student, you will also need most of the above information for your parent(s).

For answers to more questions, visit fafsa.ed.gov.

Employer Discounts and Reimbursement

Mount Mercy University’s partnerships in the local business community allow us to offer a 10% tuition discount to online degree students who are employed by the following organizations:

  • ACT
  • Cedar Rapids Community School District
  • Clickstop
  • College Community School District
  • CRST
  • Department of Corrections
  • Four Oaks
  • Frontier Co-op
  • The Ghosh Center for Oncology & Hematology
  • Horizons
  • Kirkwood Community College
  • Mercy Iowa City
  • Mercy Medical Center (Cedar Rapids)
  • Regional Medical Center
  • Solon Nursing Care
  • TaxAct
  • Transamerica
  • UIHC
  • UnityPoint Health (including St. Luke's Hopsital)
  • Van Meter Inc.
  • West Ridge Care Center

MMU also accepts tuition reimbursement from employers who offer this benefit. Students receiving tuition reimbursement should work directly with a human resources representative at their place of employment.

Don’t see your employer listed here? Send us an email. We’ll be happy to reach out to your organization to see if they are interested in partnering.

Military Benefits at Mount Mercy

We are honored to offer veteran education benefits for any of our online programs. Our financial aid experts will help you navigate all the financial resources available to veterans and their families, including the Yellow Ribbon program and G.I. Bill®.

How Do I Get Started?

Get in Touch with an Enrollment Specialist

Learn more about financial aid and get answers to any other questions you may have about Mount Mercy.

  • Call (877) 643-6181 to speak with a Mount Mercy enrollment specialist
  • Email info@online.mtmercy.edu to set up a time to talk
  • Click Request Info and an enrollment specialist will contact you

Request Info