The purpose of the Mercer University Office of Student Financial Planning is to provide information and assistance to students who need funds to attend college. Mercer believes that the primary responsibility for a student’s educational costs rests with the student and his or her family. Financial assistance is available only for meeting the difference between the potential resources (such as parents’ contribution, student’s summer earnings, outside scholarships, etc.) and expenses. This assistance may include a combination of scholarships, loans, grants, and part-time employment.
To assist the University in determining a student’s financial need, a standard need-analysis system is used. This confidential system analyzes income and asset data provided by the student and parent(s). The Free Application for Federal Student Aid (FAFSA) is the need-analysis method used by Mercer.
It is important that students apply for financial assistance as early as possible so that the forms may be processed and the financial need of each applicant determined. All necessary forms and applications can be obtained from the Office of Student Financial Planning in the Davis Administration Building. To apply for assistance, an applicant must:
** Apply for admission to the University.
** Submit the FAFSA for Federal Student Aid: https://studentaid.gov/h/apply-for-aid/fafsa
** Login to your MyMercer Portal and complete any required documents.
** Students who are legal residents of Georgia must complete the Georgia Grant Application to be considered for the Tuition Equalization Grant or HOPE Scholarship. Complete form at GAFutures.org (https://www.gafutures.org).
Should a recipient fail to maintain satisfactory academic progress (http://financialaid.mercer.edu/satisfactory-academic-progress.cfm), all sources of financial assistance may be discontinued. Students receiving aid from sources other than Mercer University are required to notify the Office of Student Financial Planning in writing. If outside aid is received, some adjustment of a student’s award may be necessary.
The fact that a student receives financial assistance one year in no way automatically renews his/her application for subsequent years, however, every effort is made to see that awards are renewed according to established University criteria. It is necessary that returning students submit all appropriate forms annually by May 1 in order to be considered for continued assistance.
The Verification Process
Many students will be selected by the Department of Education to complete Verification each year. Verification is the process by which the Federal Government requires schools to document the accuracy of information reported by students and families on the FAFSA. If you are selected for Verification, you will be notified by the Office of Student Financial Planning and by the Department of Education on your Student Aid Report. To complete verification electronically go to mercer.verifymyfafsa.com. Instruction on how to create your student Verification Account can be found online (http://financialaid.mercer.edu/how-to-guides/how-to-create-verification-account.cfm).
The Total Cost of Education includes tuition, fees, room and board, books, supplies, personal expenses and travel expenses. For specific tuition costs at Mercer University, please see the current year’s catalog. Each student’s Cost of Attendance is also included on his/her Financial Aid Notification.
Disbursements, Payment Plans & Refunds
All financial assistance, with the exception of student employment, is disbursed in equal amounts each semester and applied to the student’s account until the balance is paid-in-full. Aid must be applied to the semester for which it was awarded. Student employment paychecks are distributed every 2 weeks.
Upon termination of student status during the course of the semester, refunds are distributed according to specific federal regulations. Please refer to the current year’s catalog for specific distribution of refunds or contact the Bursar’s Office (http://bursar.mercer.edu/macon/withdrawal/) if more information is needed. Tuition, special fees, housing, and other assessments may be paid by cash, check money order (made payable to Mercer University). The University also accepts online payments by credit card and electronic check. MasterCard, American Express, and Discover are processed for a small convenience fee, and electronic checks are accepted at no additional cost to the payer. These forms of payment may be remitted online only by accessing MyMercer. Check your student portal for more information.
State and Federal Aid Programs
Federal Pell Grant Program - A federal grant program available to eligible financially needy Undergraduates. The amount of a student’s Pell Grant is determined by the Department of Education using information obtained from a student’s FAFSA. The Department also takes the cost of the student's education into consideration. The current maximum amount is $6,195.
Georgia Tuition Equalization Grant (GTEG) and HOPE Scholarship Program - Available to full-time undergraduate students who are qualified Georgia residents. Eligible students must also be United States citizens or Permanent Residents who have resided in Georgia for at least one full year immediately preceding the first school term for which aid is requested. Student must apply at GAFutures.org (https://www.gafutures.org/).
Federal Work-Study Program - A federal program designed to provide students with the means to pay part of their educational expenses by working part-time. To participate in this program, a student must be enrolled at Mercer - Atlanta, show evidence of financial need on the FAFSA, and be capable of maintaining good academic standing while employed. Students must obtain a Work Authorization Form, withholding statements, and the I-9 from the Office of Student Financial Planning and complete these forms prior to working on campus.
Regular Wage Job Program - An institutional program designed to provide students who are not eligible for Federal Work-study with an opportunity to work on campus. Students must be enrolled at Mercer-Atlanta and be capable of maintaining good academic standing while employed under this program. Students must complete all applicable forms prior to working on campus.
Federal Direct Subsidized Stafford Loan - Participating students must be enrolled at least half-time and demonstrate financial need as determined by the FAFSA. If eligible, sophomores may borrow up to $4,500 and juniors and seniors may borrow up to $5,500 per academic year.
Federal Direct Unsubsidized Stafford Loan - Participating students must be enrolled at least half-time. This loan is available to graduate students and undergraduate students. Interest begins to accrue immediately, however, students may choose to defer payment of interest and principle while enrolled at least half-time. Eligible dependent undergraduate students may borrow up to $2000. Eligible independent undergraduate students may borrow up to $6000 as a sophomore and up to $7000 as a junior or senior. Graduate students may borrow up to $20,500 per academic year.
Parent PLUS Program - Provides loans to the parents of eligible dependent students enrolled at least half-time. The maximum loan amount available is equal to the Cost of Attendance less other forms of financial assistance. Parents may apply online at studentaid.gov. (https://studentaid.gov/)
Federal Direct Graduate PLUS Program - Provides loans to Graduate students who are enrolled at least half-time, are a U.S. citizen, national, or permanent resident. Students may borrow up to their cost of attendance minus other financial assistance. Eligible students may apply online at studentaid.gov (https://studentaid.gov/).
Outside Scholarships - The Office of Student Financial Planning maintains a scholarship bulletin board in the Davis Administration Building hallway. Information about outside scholarships is posted to the board regularly. The Office of Student Financial Planning also maintains a listing of available scholarships. An additional web site to search for scholarships is the AfterCollege/AACN.
For additional information, please consult the University Catalog, Mercer's website, or contact the Office of Student Financial Planning at (678) 547-6444.
Office of Student Financial Planning, Atlanta Campus Staff for Nursing:
Tina Fowler - Nursing Graduate Program (MSN, BSN-DNP, DNP, PhD)
LaKeshia Wright - Nursing Undergraduate Program (BSN, ABSN, RN-BSN)