Financial Planning

A Mercer degree is an important investment that impacts the rest of your life. For years, Mercer has been consistently ranked among the top colleges and universities in the nation and has been named among the Best Value Schools in the nation by U.S. News & World Report. We are committed to making academic excellence affordable, and last year alone, Mercer invested nearly $20 million of University-funded aid in the freshman class.

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Tuition and Costs

Choosing the college or university that best fits your needs and goals is a major financial decision, and sometimes the actual costs of attendance can be unclear.

Tuition, fees, housing, and meals are direct charges that you will pay directly to Mercer. These charges will appear on your Mercer bill each semester.

When planning your finances, you may also want to consider other indirect educational costs that you expect to incur. These indirect costs will not appear on your bill from Mercer but are typical costs associated with attending college and will vary based on your course load, travel needs, and other individual preferences.

2019-2020 Estimated Undergraduate Costs:

Direct Charges Total for Year
Tuition & Fees $37,808.00
On-Campus Housing and Unlimited Meal Plan $12,036.00
Total Direct Charges $49,844.00
Indirect Educational Costs
Books and Supplies $1,200.00
Transportation/Travel $1,200.00
Personal Expenses $1,578.00

Estimate your cost of attendance with Mercer's Net Price Calculator.

Types of Financial Aid

Mercer helps students build a strong foundation for success through merit-based, talent-based, and need-based financial aid awards, often from a combination of University, federal, and state sources. Submitting your Free Application for Federal Student Aid (FAFSA) early in the financial aid process is essential to receiving the most comprehensive financial aid award estimate possible.

More than 90 percent of Mercer students receive scholarships for academic achievement, exceptional talent, community service, and leadership.

Mercer Student and Books

Merit-based Financial Aid

Upon acceptance to Mercer, you may be eligible for a merit scholarship based on your academic credentials (grade point average and test scores). These scholarships are renewable and are typically awarded for up to four years (eight semesters) at Mercer.

Mercer awards its most prestigious, competitive scholarships to the top 10 percent of first-year applicants. These awards may range up to full tuition - and a select few beyond - replacing any initial merit scholarships offered.

Talent-based Financial Aid

Mercer Basketball

Mercer offers Division I scholarships in all men's and women's intercollegiate sports except women's track & field. Contact our athletics staff to learn more about athletic scholarship opportunities. Learn More

Mercer's Townsend School of Music offers competitive music scholarships for incoming students who plan to major in music. These scholarships are awarded by audition. Qualified non-music majors may also audition for instrumental ensemble music scholarships. For more information about music scholarship opportunities, contact Associate Dean Dr. Stanley Roberts at 478.301.2748 or

Need-based Financial Aid

Outstanding students deserve access to a nationally renowned education regardless of their economic circumstances, and Mercer offers generous need-based institutional aid to students who demonstrate financial need beyond the availability of federal and/or state resources.

Students may be eligible for a variety of federal financial aid programs based on the information reported in the Free Application for Federal Student Aid (FAFSA). Qualified recipients will be notified in their financial aid award estimate.

Work Study
Through the Federal Work-Study Program, students are able to earn funds through part-time, on-campus employment that can be used toward their Mercer bill or college-related expenses.

The Federal Pell Grant Program provides need-based grants to low-income undergraduate students to promote access to postsecondary education.

Mercer Financial Aid

Low-interest federal loans are available for students and parents to help pay for the costs of a student's college education. Students and families may qualify for one or more federal loan program based on the degree of financial need and the availability of funds.

If you are a Georgia resident, you may qualify for state aid by meeting specific program requirements. You must complete the Free Application for Federal Student Aid (FAFSA) at or the Georgia Scholarship/Grant Application (GSFAPPS) at for consideration. The HOPE Scholarship or Zell Miller Scholarship may be applied toward your tuition at Mercer.

The HOPE Scholarship is a merit-based scholarship awarded to Georgia residents who graduate from an eligible high school with a minimum 3.0 GPA. Visit for full eligibility requirements.

Hope Scholarship

The Zell Miller Scholarship is a merit-based scholarship awarded to Georgia residents who:

graduate from an eligible high school as Valedictorian or Salutatorian
graduate from an eligible high school with a minimum 3.7 grade point average (GPA)
earn a minimum 1200 SAT/26 ACT score.

Visit for full eligibility requirements.

Students may receive either Zell Miller or HOPE but not both.

Effective Fall 2017, when calculating the HOPE and Zell Miller Scholarship postsecondary Grade Point Average (GPA), an additional weight of 0.5 will be added to grades of B, C, and D for approved degree level science, technology, engineering, and math (STEM) courses taken at an eligible Georgia postsecondary institution Fall 2017 or later. Dual enrollment students will receive a 0.5 weight for a core dual enrollment STEM course when calculating their high school HOPE Scholarship GPA. Visit Mercer’s Office of Student Financial Planning or for more information.

The Georgia Tuition Equalization Grant (GTEG) is a non-need-based grant awarded to Georgia residents attending an eligible private college or university full time. The grant amount is determined by the state legislature each year.

The Scholarship for Engineering Education (SEE) is a service-cancelable loan awarded to eligible Georgia residents pursuing an undergraduate engineering degree at Mercer University. SEE provides $3,500.00 per academic year, up to a maximum of $17,500.00. Recipients agree to work in an engineering-related field in Georgia after graduation for a reduction in balance of $3,500.00 for each year worked. Otherwise, the award is converted to a student loan. Visit for full eligibility requirements.

Mercer Scholarships

Mercer offers an Army ROTC program for students aspiring to serve in the U.S. Army. The program offers full scholarships and additional financial aid benefits. More information is available at

Mercer University is a federally designated "Principles of Excellence" educational institution as determined by the U.S. Department of Veterans Affairs. Extensive educational benefits are available to veterans and their dependents attending Mercer University.

The Yellow Ribbon Program is a provision of the Post-9/11 GI Bill (Chapter 33) for veterans (or their designated transferees) that provides additional funding from the University and the U.S. Department of Veterans Affairs toward tuition and fees after other sources of financial aid have been applied.

The U.S. Department of Veterans Affairs' Fry Scholarship (Chapter 33) provides funding toward tuition and fees, a monthly housing allowance, and a stipend for books and supplies for children of an active duty member of the Armed Forces who has died in the line of duty on or after September 11, 2001.

The Montgomery GI Bill offers educational benefits for active duty members who have completed a minimum service obligation (MGIB-AD/Chapter 30) and Reservists with a six-year obligation in the Selected Reserve who are actively drilling (MGIB-SR/Chapter 1606).

Additional educational benefit programs available at Mercer include Vocational Rehabilitation (Chapter 31), Dependents' Educational Assistance (Chapter 35), and Reserve Educational Assistance Program (Chapter 1607).

Veterans Badge

To receive educational benefits at Mercer, students must apply for admission and be accepted to the University and complete an application for VA Education Benefits at

Mercer's Office of the Registrar serves as the Certifying Official to the U.S. Department of Veterans Affairs on behalf of the University. Veterans and their dependents who are eligible to receive benefits should contact Veterans Benefits Coordinator Marcy Mobini at 478.301.2683 or to confirm eligibility and complete the process to receive benefits. Complete information is available through the U.S. Department of Veterans Affairs and Mercer University's Office of the Registrar.

You may wish to apply for additional scholarships and grants available through external organizations. Any outside funds that you are awarded may be applied toward your Mercer charges as determined by any award stipulations. Mercer maintains a list of many outside scholarships and grants, and additional opportunities or resources may be available online or through your local community, religious affiliation, or other special interest. You are encouraged to explore all options that may help you reduce your cost of attendance.

Another option for students is a private loan. Mercer does not recommend private lenders, but more information and a list of known lenders is available through our Office of Student Financial Planning.

Families who do not qualify to have all expenses covered by financial aid may choose to apply for a Federal Parent PLUS Loan. This option allows the parent of a dependent student to borrow up to the Cost of Attendance for Mercer (including tuition, fees, room, board, etc.) minus any other financial assistance the student receives. More information and a Parent PLUS Loan application form are available through our Office of Student Financial Planning.

Mercer Financial Aid

Applying for Financial Aid

Your Financial Aid Award Estimate

Your financial aid award estimate is determined by your:

  • Academic record
  • Demonstrated financial need and Expected Family Contribution
  • Expected enrollment status
  • Housing plans
  • All other information received from you.

Your estimate may include scholarships, grants, work-study, and/or loans

Your Family Contribution

Your Expected Family Contribution (EFC) is a measure of your family's financial strength. It is determined by the federal government when you submit your Free Application for Federal Student Aid (FAFSA) and indicates the amount your family should be able to pay for college over the academic year. Your EFC is not the amount of money your family will have to pay for college, nor is it the amount of federal student aid that you will receive. This dollar amount is used by colleges and universities to calculate the amount of federal student aid you are eligible to receive.

Steps in Mercer's Financial Aid Process

The following steps outline the financial aid process at Mercer for a traditional high school senior intending to enroll beginning in fall semester after high school graduation. (If you have questions about the process based on your individual circumstances, contact your admissions counselor in the Office of University Admissions for more information.)

1. Apply to Mercer University during your senior year in high school.

  • Mercer's application at opens August 1 for the following academic year. Students may also use The Common Application at
  • Apply by our October 15 non-binding Early Action deadline to be considered for the University's most prestigious scholarships, ranging up to full tuition and beyond.
  • Learn more about Mercer's competitive scholarships to determine eligibility.
  • Begin applying for outside scholarships (scholarships from external organizations and resources that can be applied toward your Mercer tuition).

2. Submit your Free Application for Federal Student Aid (FAFSA), available at, before February 1 for priority consideration.

  • Complete your FAFSA as early as possible, beginning October 1, to be considered for every type of financial aid available.
  • Submissions received after February 1 will be considered only as funds remain available.
  • Mercer's federal school code is 001580.

3. Review your Financial Aid Award Estimate and meet with your admissions counselor.

  • In the spring, you will receive your financial aid estimate, both online through your MyMercer account and by mail.
  • Once you have received your estimate, contact your admissions counselor to schedule a time to discuss your financial aid awards and options in detail, either in person or via phone. Your counselor will help address any questions or concerns you may have and help guide you through your financial planning process.

4. Accept your Financial Aid Award Estimate through your MyMercer account.

  • Once you have determined which awards you would like to accept, you should log into your MyMercer account to accept (or decline) all or parts of your financial aid offer.

5. Submit all documents and items requested to Mercer's Office of Student Financial Planning.

  • Your financial aid award estimate will be finalized and confirmed once all documents and items are submitted and verified.
  • Awards will be applied to your direct charges for the periods you are enrolled. Should your enrollment status or any of the information you have provided change due to probation, withdrawal, termination, or graduation, your financial aid award estimate may be changed or canceled.
  • Eligibility for any financial aid offered is subject to receipt of required documentation, completion of federal Verification requirements if selected, satisfactory academic progress, and approvals by involved agencies.

6. Complete the enrollment process at Mercer by following the Next Steps Enrollment Checklist for accepted students.

  • Before most federal program funds can be disbursed, the student must be enrolled in and attending at least half-time credit hours in a degree-seeking academic program and maintaining satisfactory academic progress. (Some Pell Grant recipients may be eligible for a partial Pell at less than half-time.)

Payment Options

After all of your financial aid has been applied to your direct charges, your account balance will reflect your net cost to attend Mercer.

The University offers a variety of payment plans for students unable to pay their account balance in full at the beginning of each semester, and students may enroll through our Office of the Bursar prior to the beginning of the academic year.

Students and families seeking additional payment options may be eligible for a Federal Parent PLUS Loan or an outside (private) student loan. More information about these options is available through our Office of Student Financial Planning.

Walking on Campus

More information about financial aid opportunities at Mercer is available through our Office of Student Financial Planning.

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