Mount Mercy University
Cedar Rapids, IA 52402-4797 — Private Nonprofit
Value Score: 60/100 | ROI Score: -63 | Affordability Score: 55/100
Tuition (In-State): $40,878 | Out-of-State: $40,878
Acceptance Rate: 82.5% | Graduation Rate: 56.8% | Retention Rate: 72.8%
Median Earnings (10yr): $60,787 | Median Debt: $23,699
Student Body Size: 1,107 (small)
Pell Grant Recipients: 26.7% | Federal Loan Rate: 53.4%
Average Faculty Salary: $6,815/month
Tuition & Affordability Analysis
In-state tuition at Mount Mercy University is $40,878 per year, which is 4% above the national average for private institutions.
Out-of-state students pay $40,878/year — a premium of $0 over in-state rates. Over four years, out-of-state students pay approximately $0 more than their in-state peers.
Estimated four-year tuition cost: $163,512 (tuition only, not including room, board, and fees).
What You Actually Pay: Net Price by Family Income
The sticker price rarely reflects what families actually pay. After grants and scholarships, here is the average net price by family income bracket at Mount Mercy University:
- Families earning $0–$30,000: $17,070/year
- Families earning $30,001–$48,000: $15,294/year
- Families earning $48,001–$75,000: $16,883/year
- Families earning $75,001–$110,000: $20,311/year
- Families earning $110,000+: $25,244/year
Low-income families receive an average discount of $23,808/year, paying just 42% of the sticker price.
Admissions Snapshot
Mount Mercy University has an acceptance rate of 82.5%, placing it in the Less Selective (70–85%) category. This means roughly 335 students apply each year.
Mount Mercy University accepts the majority of applicants, making it an accessible option for students across a range of academic backgrounds.
Graduate Outcomes & Return on Investment
56.8% of students at Mount Mercy University complete their degree, 8% below the national average. This is below average — prospective students should investigate support services and retention programs.
First-year retention rate: 72.8% (10% below the national average). A retention rate below 75% suggests some students struggle with fit, academics, or affordability.
Graduates of Mount Mercy University earn a median salary of $60,787 ten years after enrollment, 49% above the national average. This represents a $25,787/year earnings premium over the average high school diploma holder, or $773,610 in additional lifetime earnings over a 30-year career.
The median student debt at graduation is $23,699, 10% above the national average. On a standard 10-year repayment plan at 5.5% interest, this translates to approximately $257/month, with a total repayment of $30,840 (including $7,141 in interest).
Debt-to-Earnings Ratio: 0.39x. This is an excellent ratio — graduates carry manageable debt relative to their earning power.
Breakeven Point: Based on the earnings premium over high school graduates, a degree from Mount Mercy University pays for itself in approximately 7 years. This is a reasonable investment timeline.
Financial Aid Profile
26.7% of students at Mount Mercy University receive Pell Grants (federal need-based aid for families earning under ~$60,000), 19% below the national average. A lower Pell rate suggests the student body skews toward higher-income families. Merit aid may be more prevalent than need-based aid.
53.4% of students take federal loans, 14% above the national average. This is a moderate borrowing rate.
Average faculty salary: $6,815/month, 22% below the national average. Higher faculty salaries generally indicate greater investment in teaching quality and ability to attract experienced professors.
Student Body & Campus Diversity
Mount Mercy University enrolls 1,107 undergraduate students. This mid-sized institution offers a balance between personalized attention and diverse academic offerings.
Diversity Index: 68/100 (higher = more diverse). The campus has moderate diversity.
Student body composition: White 56%, Hispanic 8%, Black 6%, Asian 2%.
Mount Mercy University: Strong STEM Programs with Below Average Affordability and ROI
- Mount Mercy University: Investing in Your Future or Facing a Financial Shortfall?
- Beyond the Classroom: Unpacking Mount Mercy University's Career Launchpad
- Experience Cedar Rapids: How Mount Mercy University Shapes Your College Journey
Report Card: Overall Grade D+
Mount Mercy University receives an overall grade of D+ based on six dimensions:
- Academics: D
- Value: F
- Outcomes: B
- Affordability: C+
College Analysis
Mount Mercy University is a Private Nonprofit institution in Cedar Rapids, IA with approximately 1,107 students. Academics: Strong in STEM fields with a low admission rate. Value: Below average in terms of affordability and ROI. Outcomes: Graduates earn above average salaries but have a low graduation rate.
The Verdict: Is Mount Mercy University Worth It?
Mount Mercy University presents a complex value proposition. With an in-state and out-of-state tuition of $40,878, it is a significant investment. The median earnings 10 years after graduation are reported at $60,787, resulting in a median debt of $23,699. This yields a concerning ROI score of -63, indicating that, on average, graduates are earning less than the cost of their education over the long term, especially when factoring in debt repayment. The earnings are not substantially higher than the annual tuition cost, suggesting a long payoff period for the investment. While the university provides valuable education and career preparation, the financial metrics suggest caution. The median earnings are not robust enough to easily absorb the tuition and debt. A direct comparison shows that it would take approximately 4.7 years of median earnings *solely* to cover the tuition cost, not including living expenses or debt repayment. Given the median debt of $23,699, and assuming a 10-year repayment plan at a 6% interest rate, monthly payments would be around $250, adding significantly to the financial burden. Therefore, Mount Mercy University appears to be overpriced based on its median earnings and debt levels. It is not a clear 'good deal,' nor is it necessarily a 'hidden gem' given the stark ROI figure. A clear recommendation is to carefully weigh the specific program outcomes and potential starting salaries against the cost, and to aggressively pursue scholarships and financial aid.
Return on Investment
The degree from Mount Mercy University may not be worth the cost given the low graduation rate and high debt.
Debt Reality Check
Median student debt at Mount Mercy University: $23,699. Monthly payment on a standard 10-year plan: $269/month. Total repaid: $32,280 ($8,581 in interest).
Breakeven vs high school diploma: 0.8 years. Debt burden: Manageable. Salary needed for comfortable repayment: $32,280.
Strengths
- Strong focus on STEM education.
- Low tuition for in-state students.
Weaknesses
- Below average graduation rate.
- Above average student debt.
Academic Profile
Retention Rate: 72.8%.
Mount Mercy University prides itself on providing a personalized and supportive academic environment, a strength amplified by its relatively small size and a student-faculty ratio that encourages direct interaction. While specific faculty salary data isn't publicly available, the university's commitment to accessible faculty mentorship is a cornerstone of its educational philosophy. Notable departments and programs often highlighted include its robust nursing program, which benefits from strong clinical partnerships within the Cedar Rapids healthcare community, and its education programs, known for preparing well-rounded teachers. The Business and Occupational Therapy programs also draw significant interest. Research opportunities, while perhaps not as extensive as at larger research institutions, are available, particularly for students in science and health-related fields, often involving faculty-led projects. Mount Mercy offers an Honors Program for high-achieving students, providing enriched coursework and a more intimate academic cohort. Study abroad opportunities are facilitated through various partnerships, allowing students to gain global perspectives. Academic support is a significant focus, with the Student Success Center offering tutoring, academic advising, and resources for developing study skills, ensuring students have the tools to navigate their coursework effectively. The emphasis is on a liberal arts foundation coupled with strong professional preparation.
Financial Aid Guide for Mount Mercy University
Pell Grant recipients: 26.7%. Students taking federal loans: 53.4%.
Navigating financial aid at Mount Mercy University involves understanding both merit-based and need-based aid, alongside federal programs. Given the stated tuition of $40,878, financial aid is crucial for most students. Mount Mercy offers a range of institutional scholarships, often awarded automatically based on academic merit (GPA and, if submitted, ACT scores). While specific scholarship amounts vary, it's common for incoming freshmen to receive anywhere from $10,000 to $25,000+ in merit aid annually, depending on their academic profile. Beyond merit, need-based grants are available, determined by the FAFSA. Families with an Expected Family Contribution (EFC) below a certain threshold will likely qualify for some level of institutional need-based aid. Federal Pell Grants, for students with exceptional financial need, are also a significant component for eligible students. Federal Direct Loans are a common source of funding, and the university participates in the Federal Work-Study program, offering on-campus employment opportunities for students demonstrating financial need. Typical aid packages for students from lower-income families (e.g., under $40,000 AGI) might combine Pell Grants, institutional grants, and work-study, potentially covering a substantial portion of tuition and fees. For middle-income families, merit scholarships combined with federal loans and smaller institutional grants are more common. Negotiating aid is generally less common at private institutions like Mount Mercy compared to larger state universities, but appealing for additional aid based on significant changes in financial circumstances (e.g., job loss) is possible. It's essential to file the FAFSA by the priority deadline (typically March 1st) to maximize eligibility for all aid types.
Hidden Costs at Mount Mercy University
- Room and board costs can range from $10,000 to $13,000 annually, depending on the chosen meal plan and housing assignment.
- Textbooks and course materials can easily add $1,000 to $1,500 per academic year.
- Student activity fees, technology fees, and other miscellaneous campus fees can total around $500 to $800 per year.
- Transportation costs, especially for students commuting from home or traveling during breaks, can vary widely but budget at least $500-$1,000 annually.
- Personal expenses, including toiletries, snacks, entertainment, and laundry, can amount to $1,500 to $2,500 per year.
- Health insurance, if not covered by a parent's plan, can add another $2,000 to $3,000 annually.
Alumni Outcomes & Career Paths
Mount Mercy University graduates enter a diverse job market, with many finding opportunities within Iowa's key sectors. While specific major employer lists are not publicly detailed, common recruiting grounds for graduates often include healthcare systems, educational institutions, and manufacturing firms prevalent in the Cedar Rapids area. Major healthcare employers like UnityPoint Health and Mercy Medical Center are significant hiring entities for nursing and health sciences graduates. In education, local school districts and community colleges frequently hire alumni. Manufacturing giants such as Caterpillar and Rockwell Collins (now Collins Aerospace), both with substantial presences in Iowa, also represent potential career paths for business, engineering, and technology-focused graduates.
Industries where alumni tend to cluster include healthcare (especially nursing and allied health professions), education, business services, and manufacturing. Graduate school placement rates are not explicitly published by Mount Mercy, but the university does offer pre-professional advising for students pursuing fields like medicine, law, and physical therapy, suggesting a focus on preparing students for advanced studies. Notable alumni are not widely publicized, but the university emphasizes its role in developing community leaders and professionals.
Career services at Mount Mercy are a key resource, offering resume assistance, interview preparation, and career counseling. The university actively promotes internship opportunities, often through partnerships with local businesses and healthcare providers, creating valuable pipelines for students to gain practical experience and network. Geographic hiring patterns show a strong tendency for graduates to remain in Iowa, particularly in the Cedar Rapids and Iowa City corridor, leveraging local connections and the established presence of key industries in the region. Some graduates may also find opportunities in larger Midwestern cities like Chicago or Minneapolis, depending on their field of study and career aspirations.
Campus Life & Culture at Mount Mercy University
Mount Mercy University attracts a student body primarily from Iowa and surrounding Midwestern states, fostering a grounded and community-oriented atmosphere. The university thrives with students who value personalized attention, a supportive environment, and a commitment to service, often seeking a strong foundation in both liberal arts and professional fields.
Mount Mercy University, nestled in Cedar Rapids, Iowa, offers a close-knit campus community with a distinct focus on personalized student experiences. The 'vibe' here is often described as welcoming and supportive, reflecting its Catholic tradition and commitment to service. With a student body of just over 1,100, it's easy to build meaningful connections with peers and faculty. Student organizations are a vibrant part of campus life, ranging from academic clubs tied to specific majors like nursing and education to interest-based groups such as the Art Club and the Student Activities Board, which plans events throughout the year. While Greek life isn't a dominant feature, the university fosters social interaction through various campus-wide events and activities. Housing is primarily on-campus for first-year students, with options like Flaherty Hall and Warde Hall providing traditional dormitory living. Dining services are centered around the main dining hall, offering a variety of meal options to suit different tastes. Athletics, while not a primary focus for all students, are present with NAIA programs in basketball, volleyball, and soccer, providing opportunities for both participation and spectating. The campus itself is compact and walkable, with key buildings like the McAuley Hall for academics and the Student Success Center for support services easily accessible. Students often find themselves engaged in community service projects, a hallmark of the Mercy tradition, which extends the campus experience into the Cedar Rapids community.
Campus Highlights
- The strong emphasis on the Mercy tradition of service and social justice, integrated into the curriculum and campus life.
- A close-knit, supportive community where faculty know students by name.
- Robust nursing and health sciences programs with strong ties to local healthcare facilities.
- The beautiful, walkable campus located in Cedar Rapids, offering a blend of traditional and modern facilities.
- Opportunities for undergraduate research and faculty mentorship.
- The Student Success Center, providing comprehensive academic and career support.
- A commitment to personalized education, ensuring students receive individual attention.
Location & Regional Advantages
Mount Mercy University's location in Cedar Rapids, Iowa, offers a blend of Midwestern charm and growing economic opportunity, particularly within specific sectors. The local job market is robust in healthcare, manufacturing, and insurance, with major employers like UnityPoint Health, Mercy Medical Center, and Collins Aerospace providing significant employment. The cost of living in Cedar Rapids is notably lower than the national average, making the overall financial burden of attending and living post-graduation more manageable. This affordability extends to housing, utilities, and daily expenses, allowing graduates to potentially save more or pay down debt faster.
While Cedar Rapids is not an immediate neighbor to major coastal industry hubs, it benefits from its position within the broader Midwest. Proximity to Iowa City, a major university town with its own economic drivers, and within a reasonable driving distance of Des Moines, the state capital and largest city, provides access to a wider range of opportunities. The quality of life in Cedar Rapids is characterized by a strong sense of community, access to outdoor recreation along the Cedar River, and a developing arts and culture scene. Safety is generally good, typical of mid-sized Midwestern cities. The location's primary advantage for career opportunities lies in its strong ties to established regional industries, particularly healthcare and advanced manufacturing. Graduates who wish to stay in the region will find a supportive ecosystem, while those seeking opportunities in larger, more diverse markets may need to actively network and relocate, as Cedar Rapids itself is not a primary hub for all industries.
How to Get Into Mount Mercy University
Mount Mercy University, with an 82.5% admission rate, is considered a moderately selective institution. The admissions committee looks for students who demonstrate academic potential and a good fit with the university's values. While SAT/ACT scores are not a primary factor (indicated by N/A), a solid GPA is important. Focus on presenting a strong academic record throughout high school, particularly in college preparatory courses. The application typically includes a personal essay; this is your opportunity to showcase your personality, aspirations, and how you align with Mount Mercy's mission, perhaps highlighting experiences related to service or community engagement. Demonstrated interest is often implicitly valued; engaging with the university through campus visits (virtual or in-person), attending information sessions, and connecting with admissions counselors can positively influence your application. Early Action (EA) or Early Decision (ED) options are not explicitly listed as having significant advantages, suggesting a more holistic review process throughout the standard application timeline. The ideal timeline is to submit your application by the priority deadline, often around February 1st, to ensure full consideration for both admission and scholarships. Ensure all required materials, including transcripts and letters of recommendation, are submitted promptly.
How Mount Mercy University Compares to Similar Schools
Similar schools: Coe College, Loras College, Clarke University, Grinnell College
Advantages
- Stronger focus on nursing and health sciences programs, aligning with regional healthcare employment needs.
- Potentially more accessible admission compared to highly selective peers like Grinnell, offering a pathway for a broader range of students.
- Location in Cedar Rapids provides direct access to a significant regional job market in manufacturing and healthcare, distinct from the more liberal arts-focused environments of some peers.
Disadvantages
- Lower graduation rate (56.8%) compared to more selective peers, suggesting potential challenges with student retention or program completion.
- Significantly lower median 10-year earnings ($60,787) compared to institutions like Grinnell College, which often see alumni in higher-paying fields.
- Less national recognition and alumni network reach compared to more established or selective liberal arts colleges in the region.
Best For
- Prospective students interested in STEM fields with a strong academic foundation.
- Students seeking a small, close-knit campus environment.
Avoid If
- Students looking for a high ROI or low tuition costs should consider other options.
- Students with a high tolerance for debt should be cautious.
Frequently Asked Questions about Mount Mercy University
How much does it cost to attend Mount Mercy University?
In-state tuition at Mount Mercy University is $40,878 per year, and out-of-state tuition is $40,878 per year. The median student debt at graduation is $23,699.
What is the acceptance rate at Mount Mercy University?
Mount Mercy University has an acceptance rate of 82.5%.
What is the graduation rate at Mount Mercy University?
Mount Mercy University has a graduation rate of 56.8%.
How much do Mount Mercy University graduates earn?
The median earnings for Mount Mercy University graduates 10 years after enrollment is $60,787. With median debt of $23,699, graduates earn roughly 2.6x their debt level annually.
How big is Mount Mercy University?
Mount Mercy University has approximately 1,107 students and is classified as a small institution. It is located in Cedar Rapids, IA and is a Private Nonprofit institution.
Is Mount Mercy University worth the cost?
Mount Mercy University has an ROI score of -63 out of 100. With in-state tuition of $40,878 per year and median post-graduation earnings of $60,787, the data suggests the return on investment may be below average.
Where is Mount Mercy University located?
Mount Mercy University is located in Cedar Rapids, IA. It is a Private Nonprofit institution with approximately 1,107 students.
How much student debt do Mount Mercy University graduates have?
The median student debt for Mount Mercy University graduates is $23,699. With median earnings of $60,787 ten years after enrollment, graduates can expect a debt-to-income ratio of 39%.
Is Mount Mercy University a good college?
Mount Mercy University has a graduation rate of 56.8% and median post-graduation earnings of $60,787. Low admission rate of 82.52%.
How does Mount Mercy University compare to similar colleges?
Graduates earn a median salary of $60,787 after 10 years. Compared to peer institutions, Mount Mercy University offers strong STEM programs but struggles with affordability and a low graduation rate.
What career prospects do Mount Mercy University graduates have?
Graduates of Mount Mercy University are well-positioned for careers in STEM fields with above-average salaries.
What should prospective students know about Mount Mercy University?
Mount Mercy University holds a niche position in the market, focusing on STEM education in a small, private, non-profit setting.
What makes Mount Mercy University stand out?
Student body is predominantly white with a low percentage of Asian students.
What are the pros and cons of attending Mount Mercy University?
Median debt upon graduation is $23,699.
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View on College Scorecard (Dept. of Education)
Analysis based on U.S. Department of Education data. Not enrollment advice. Verify information with the institution directly.