Financial Assistance Program

For over 84 years, Misericordia University has helped students and parents afford a superior college education. Through its participation in federal and state financial aid programs, use of institutional resources and contributions by alumni and friends, the student financial services office tries to meet, as fully as possible, each student's financial need.

The university is eligible to participate in a full range of financial aid programs through the U.S. Department of Education. Eligible students may qualify for aid through the Federal Pell Grant Program, and the Federal Family Education Loan Program, as well as federal campus-based programs including Supplemental Educational Opportunity Grants, Perkins Loans, and the Federal Work-study Program.

The university participates in the nursing loan program under the auspices of the Department of Health and Human Services.

Misericordia University is also designated as an eligible institution by the Pennsylvania Higher Education Assistance Agency (PHEAA), allowing qualified students access to the Pennsylvania State Grant Program.

In general, the university offers three types of financial assistance:

  1. Scholarships/Grants: Gift aid given directly to full-time students based on financial need or some area of achievement, such as an outstanding academic record, evidence of leadership, etc. Students do not need to repay this type of award.
  2. Loans: Monies borrowed by students to meet educational expenses. Students and/or their families repay these loans after withdrawal or graduation. Interest is charged on loans. Interest charges vary with different loan programs.
  3. Work-study: Employment which allows full-time students to earn a portion of the money needed to meet educational expenses.