Mount Mercy University

www.mtmercy.edu

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2023 Undergraduate Tuition

$38,070

4% growth from 2022

2023 Average Net Price

$23,972

After Financial Aid

2020 Default Rate

on Student Loans

2023 Acceptance Rate

78.8%

1,436 Applicants

2023 Enrolled Students

1,451

75.7% Full-Time

2023 Graduation Rate

55.9%

133 Graduates

About

Mount Mercy University is a higher education institution located in Linn County, IA. In 2023, the most popular Bachelors Degree concentrations at Mount Mercy University were Registered Nursing (78 degrees awarded), General Business Administration & Management (27 degrees), and Elementary Education & Teaching (24 degrees).

In 2023, 502 degrees were awarded across all undergraduate and graduate programs at Mount Mercy University. 66.7% of these degrees were awarded to women, and 33.3% awarded men. The most common race/ethnicity group of degree recipients was white (360 degrees), 6.55 times more than then the next closest race/ethnicity group, two or more races (55 degrees).

The median undergraduate tuition at Mount Mercy University is $38,070, which is $13,495 more than the national average for Masters Colleges and Universities ($24,575).

In 2020 the default rate for borrower's at Mount Mercy University was 0%, corresponding to 0 out of the 557 total borrowers.

Masters Colleges & Universities: Medium Programs Masters Colleges and Universities

Costs

In 2023, the median undergraduate tuition at Mount Mercy University is $38,070, which is $13,495 more than the national average for Masters Colleges and Universities ($24,575).

After taking grants and loans into account, the average net price for students is $23,972.

In 2023, 87% of undergraduate students attending Mount Mercy University received financial aid through grants. Comparatively, 57% of undergraduate students received financial aid through loans.

Tuition Costs

$38,070

2023 Undergraduate Tuition

In 2023, the cost of tuition at Mount Mercy University was $38,070. The cost of tuition at Mount Mercy University is $13,495 more than than the overall (public and private) national average for Masters Colleges and Universities ($24,575).

This chart compares the tuition costs of Mount Mercy University (in red) with those of other similar universities.

Average Net Price

$23,972

2023 Value

0.44%

1 Year Growth

In 2023 Mount Mercy University had an average net price — the price paid after factoring in grants and loans — of $23,972. Between 2022 and 2023, the average net price of Mount Mercy University grew by 0.44%.

This chart compares the average net price of Mount Mercy University (in red) with that of other similar universities.

Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

Other Student Expenses

$9,368

Room and Board

$1,320

Books and Supplies

The average yearly cost of room and board at Mount Mercy University was of $9,368 in 2023. The cost of room and board increased by 1.12% between 2022 and 2023.

During the same period, the average yearly cost of books and supplies was $1,320. The cost of books and supplies did not change during the same period.

This chart compares the average student costs at Mount Mercy University (in red) with that of similar universities.

Financial Aid by Income Level

87%

Undergraduates Receiving Financial Aid through Grants

57%

Undergraduates Receiving Financial Aid through Loans

87% of undergraduate students at Mount Mercy University received financial aid through grants or loans in 2023. This represents a decline of 10.3% with respect to 2022, when 97% of undergraduate students received financial aid.

This chart compares the average award discount at Mount Mercy University (in red) with that of other similar universities.

The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

Student Loan Default Rate

Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.

2020 Default Rate

Number of Defaults

In 2020 the default rate for borrower's at Mount Mercy University was 0%, which represents 0 out of the 557 total borrowers.

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

Admissions

Mount Mercy University received 1,436 undergraduate applications in 2023, which represents a 8.48% annual growth. Out of those 1,436 applicants, 1,131 students were accepted for enrollment, representing a 78.8% acceptance rate.

There were 1,451 students enrolled at Mount Mercy University in 2023. 1% of first-time enrollees submitted SAT scores with their applications.

Mount Mercy University has an overall enrollment yield of 18.4%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

78.8%

Acceptance Rate in 2023

1,131

Accepted Out of 1,436

In 2023, the undergraduate acceptance rate of Mount Mercy University was 78.8% (1,131 admissions from 1,436 applications). This is higher than the acceptance rate of 2022, which was 75.3%. Between 2022 and 2023, the number of applicants declined by 8.48%, while admissions declined by 4.23%.

This chart compares the acceptance rate of Mount Mercy University (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

SAT Scores

Submission Percentage (2023)

Scores Submitted (2023)

1% of enrolled first-time students at Mount Mercy University in 2023 submitted SAT scores with their applications.

The following chart shows the average SAT scores for the 25th, 50th, and 75th percentile of applicants for each section of the test that they are evaluated on.

Enrollment

Mount Mercy University had a total enrollment of 1,451 students in 2023. The full-time enrollment at Mount Mercy University is 1,098 students and the part-time enrollment is 353. This means that 75.7% of students enrolled at Mount Mercy University are enrolled full-time.

The enrolled student population at Mount Mercy University, both undergraduate and graduate, is 65.1% White, 15.2% Two or More Races, 3.17% Black or African American, 2.41% Hispanic or Latino, 1.93% Asian, and 0.0689% American Indian or Alaska Native.

Students enrolled at Mount Mercy University in full-time Undergraduate programs are most commonly White Female (45.9%), followed by White Male (21.9%) and Two or More Races Female (5.97%). Students enrolled in full-time Graduate programs are most commonly White Female (61.9%), followed by White Male (15.2%) and Two or More Races Female (13%).

Full-Time vs Part-Time Enrollment

75.7%

Full-Time Enrollment

The total enrollment at Mount Mercy University in 2023, both undergraduate and graduate, is 1,451 students. The full-time enrollment at Mount Mercy University is 1,098 and the part-time enrollment is 353. This means that 75.7% of students enrolled at Mount Mercy University are enrolled full-time compared with 68.2% at similar Masters Colleges and Universities.

This chart shows the full-time vs part-time enrollment status at Mount Mercy University (in red) compares to similar universities.

Retention Rate over Time

70%

2023 Retention Rate

Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall. The retention rate for full-time undergraduates at Mount Mercy University was 70%. Compared with the full-time retention rate at similar Masters Colleges and Universities (74%), Mount Mercy University had a retention rate lower than its peers.

This chart shows the retention rate over time at Mount Mercy University (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)

White
944 enrolled students
Two or More Races
220 enrolled students
Black or African American
46 enrolled students

The enrolled student population at Mount Mercy University is 65.1% White, 15.2% Two or More Races, 3.17% Black or African American, 2.41% Hispanic or Latino, 1.93% Asian, and 0.0689% American Indian or Alaska Native. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Masters Colleges and Universities is 50.1% White, 17.7% Hispanic or Latino, and 13.4% Black or African American.

Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 63 students (4.34%) did not report their race.

Graduates

In 2023, 168 more women than men received degrees from Mount Mercy University. The most common race/ethnicity group of degree recipients at Mount Mercy University is white (360 degrees awarded). There were 6.55 times more white recipients than the next closest race/ethnicity group, two or more races (55 degrees).

The most common Bachelor's Degree concentration at Mount Mercy University is Registered Nursing (78 degrees awarded), followed by General Business Administration & Management (27 degrees) and Elementary Education & Teaching (24 degrees).

In 2023, the most specialized majors across all degree types at Mount Mercy University, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Business (184 degrees awarded), Parks, Recreation, & Leisure (14 degrees), and Education (53 degrees).

Common Jobs by Major

Elementary & middle school teachers

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Mount Mercy University are Elementary & middle school teachers (1,686,584 people), Registered nurses (1,600,386 people), Accountants & auditors (1,060,212 people), Other managers (893,017 people), and Secondary school teachers (582,714 people).

The most specialized majors at Mount Mercy University in 2023 are Business (184 degrees awarded), Parks, Recreation, & Leisure (14 degrees), Education (53 degrees), Health (150 degrees), and Protective Services (14 degrees) (as of 2023).

Highest Paying Jobs by Major

Surgeons

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Mount Mercy University are Surgeons, Cardiovascular technologists and technicians, Securities, commodities, & financial services sales agents, Physicians, and Aircraft pilots & flight engineers

The most specialized majors at Mount Mercy University are Business (184 degrees awarded), Parks, Recreation, & Leisure (14 degrees), Education (53 degrees), Health (150 degrees), and Protective Services (14 degrees) (as of 2023).

Common Industries by Major

General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Mount Mercy University are General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (1,871,131 people), Elementary & secondary schools (959,759 people), Colleges, universities & professional schools, including junior colleges (631,642 people), Computer Systems Design (575,192 people), and Banking & related activities (504,732 people).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Mount Mercy University.

Most Common (2023)

Registered Nursing
78 degrees awarded
General Business Administration & Management
27 degrees awarded
Elementary Education & Teaching
24 degrees awarded

In 2023, the most common bachelors degree concentration at Mount Mercy University was Registered Nursing with 78 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from bachelors degree programs at Mount Mercy University according to their major.

Sex Breakdown for Common Majors

167

Degrees Awarded to Men

in 2023

335

Degrees Awarded to Women

in 2023

In 2023, 167 degrees were awarded to men at Mount Mercy University, which is 0.499 times less than the number of degrees awarded to females (335).

This chart displays the sex disparity between the top 5 majors at Mount Mercy University by degrees awarded.

Most Common Male Majors

In 2023, 32 degrees were awarded to men at Mount Mercy University in General Business Administration & Management, which is 1.6 times more than the 20 female recipients with that same degree.

Most Common Female Majors

In 2023, 72 degrees were awarded to men at Mount Mercy University in Registered Nursing, which is 12 times more than the 6 male recipients with that same degree.

Time to Complete

53%

100% Completion Time

60%

150% Completion Time

In 2023, 53% of students graduating from Mount Mercy University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 60% completed their degrees within 150% of the normal time, and 60% within 200%.

The following chart shows these completion rates over time compared to the average for the Masters Colleges and Universities Carnegie Classification group.

Graduation rate is defined as the percentage of full-time, first-time students who received a degree or award within a specific percentage of "normal time" to completion for their program.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

Hispanic or Latino Female

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2023 at Mount Mercy University is Female and Hispanic or Latino (100% graduation rate). Across all Masters Colleges and Universities, Non-resident Alien Male students have the highest graduation rate (65.7%).

The department of education defines graduation rate as the percentage of full-time, first-time students who received a degree or award within 150% of "normal time" to completion.

The National Center for Education Statistics (NCES) categorizes any student who is studying in the United States on a temporary basis as a "Non-Resident Alien", and the graduation rate of those students is shown in the chart below. Additionally, 1.5% of graduates (2 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)

White
360 degrees awarded
Two or More Races
55 degrees awarded
Black or African American
32 degrees awarded

The most common race/ethnicity at Mount Mercy University is white (360 degrees awarded). There were 6.55 times more white recipients than the next closest race/ethnicity group, two or more races (55 degrees).

1.79% of degree recipients (9 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2023)

White Female
254 degrees awarded
White Male
106 degrees awarded
Two or More Races Female
35 degrees awarded

The most common race/ethnicity and sex grouping at Mount Mercy University is white female (254 degrees awarded). There were 2.4 times more white female recipients than the next closest race/ethnicity group, white male (106 degrees).

Operations

Mount Mercy University has an endowment valued at nearly $39.2M, as of the end of the 2023 fiscal year. The return on its endowment was of 2.87M (7.33%) compared to the 5.72% average return (2.84M on 49.7M) across all Masters Colleges and Universities.

In 2023, Mount Mercy University had a total salary expenditure of 35.5M. Mount Mercy University employs 35 Assistant professors, 17 Associate professors and 16 Professors. Most academics at Mount Mercy University are Female Assistant professor (22), Male Assistant professor (13), and Male Associate professor (10).

The most common positions for non-instructional staff at Mount Mercy University are: Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 38 employees, Service, with 28 employees, and Management with 24 employees.

Endowment

$39.2M

2023 Endowment

14%

growth from 2022

Mount Mercy University has an endowment valued at about $39.2M, as of the end of the 2023 fiscal year. The endowment of Mount Mercy University grew 14% from the previous year. The value of their endowment was $10.6M lower than than the median endowment of Masters Colleges and Universities according to the Carnegie Classification grouping.

This line chart shows how the endowment at Mount Mercy University (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Masters Colleges & Universities: Medium Programs Carnegie Classification grouping.

Salary Expenditure

$15.9M

2023 Salaries

0.868%

growth from 2022

In 2023, Mount Mercy University paid a median of $15.9M in salaries, which represents 44.8% of their overall expenditure ($35.5M) and a 0.868% growth from the previous year. This is compared to a 3.66% growth between 2021 and 2022, and a 0.213% decline between 2020 and 2021.

The median for similar Masters Colleges and Universities is 36.1M (39.6% of overall expenditures).

Instructional Salaries

$4.32M

Instructional Salaries

Number of Employees

In 2023, Mount Mercy University paid a total of $4.32M to 71 employees working as instructors, which represents 27.2% of all salaries paid.

This is compared to a median of $1.12M (2.97%) for similar Masters Colleges and Universities.

Occupations by Share

Assistant professor

Most Common Instructor

35 Employees

Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media

Most Common Non-Instructional Employee

38 Employees

In 2023, the most common positions for instructional staff at Mount Mercy University were Assistant professor with 35 employees, Associate professor with 17 employees, and Professor with 16 employees.

In 2023, the most common positions for non-instructional staff at Mount Mercy University were Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 38 employees, Service with 28 employees, and Management with 24 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2023)

Female Assistant professor
Male Assistant professor
Male Associate professor

In 2023, the most common demographic for instructional staff at Mount Mercy University was Female Assistant professor with 22 employees, Male Assistant professor with 13 employees, and Male Associate professor with 10 employees.

This chart shows the sex split between each academic rank present at Mount Mercy University.

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