Mount Mercy University

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2022 Undergraduate Tuition
$36,606
3% growth from 2021
2022 Average Net Price
$24,078
After Financial Aid
2019 Default Rate
1.47%
on Student Loans
2022 Acceptance Rate
75.3%
1,569 Applicants
2022 Enrolled Students
1,526
72.3% Full-Time
2022 Graduation Rate
57.4%
136 Graduates

About

Mount Mercy University is a higher education institution located in Linn County, IA. In 2022, the most popular Bachelors Degree concentrations at Mount Mercy University were Registered Nursing (105 degrees awarded), General Psychology (24 degrees), and General Human Resources Management & Personnel Administration (24 degrees).

In 2022, 590 degrees were awarded across all undergraduate and graduate programs at Mount Mercy University. 66.9% of these degrees were awarded to women, and 33.1% awarded men. The most common race/ethnicity group of degree recipients was white (483 degrees), 17.3 times more than then the next closest race/ethnicity group, black or african american (28 degrees).

The median undergraduate tuition at Mount Mercy University is $36,606, which is $12,610 more than the national average for Masters Colleges and Universities ($23,996).

Costs

In 2022, the median undergraduate tuition at Mount Mercy University is $36,606, which is $12,610 more than the national average for Masters Colleges and Universities ($23,996).

After taking grants and loans into account, the average net price for students is $24,078.

In 2022, 97% of undergraduate students attending Mount Mercy University received financial aid through grants. Comparatively, 66% of undergraduate students received financial aid through loans.

Tuition Costs

$36,606
2022 Undergraduate Tuition

In 2022, the cost of tuition at Mount Mercy University was $36,606. The cost of tuition at Mount Mercy University is $12,610 more than than the overall (public and private) national average for Masters Colleges and Universities ($23,996).

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

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Average Net Price

$24,078
2022 Value
5%
1 Year Growth

In 2022 Mount Mercy University had an average net price — the price paid after factoring in grants and loans — of $24,078. Between 2021 and 2022, the average net price of Mount Mercy University grew by 5%.

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.

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Other Student Expenses

$9,264
Room and Board
$1,320
Books and Supplies

The average yearly cost of room and board at Mount Mercy University was of $9,264 in 2022. The cost of room and board increased by 6.41% between 2021 and 2022.

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.

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Financial Aid by Income Level

97%
Undergraduates Receiving Financial Aid through Grants
66%
Undergraduates Receiving Financial Aid through Loans

97% of undergraduate students at Mount Mercy University received financial aid through grants or loans in 2022. This represents a growth of 8.99% with respect to 2021, when 89% 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.

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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.
1.47%
2019 Default Rate
8
Number of Defaults

In 2019 the default rate for borrower's at Mount Mercy University was 1.47%, which represents 8 out of the 543 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.

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Admissions

Mount Mercy University received 1,569 undergraduate applications in 2022, which represents a 22.8% annual growth. Out of those 1,569 applicants, 1,181 students were accepted for enrollment, representing a 75.3% acceptance rate.

There were 1,526 students enrolled at Mount Mercy University in 2022.

Mount Mercy University has an overall enrollment yield of 19%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

75.3%
Acceptance Rate in 2022
1,181
Accepted Out of 1,569

In 2022, the undergraduate acceptance rate of Mount Mercy University was 75.3% (1,181 admissions from 1,569 applications). This is lower than the acceptance rate of 2021, which was 81%. Between 2021 and 2022, the number of applicants grew by 22.8%, while admissions grew by 14.1%..

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.

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Enrollment

Mount Mercy University had a total enrollment of 1,526 students in 2022. The full-time enrollment at Mount Mercy University is 1,103 students and the part-time enrollment is 423. This means that 72.3% of students enrolled at Mount Mercy University are enrolled full-time.

The enrolled student population at Mount Mercy University, both undergraduate and graduate, is 73.2% White, 6.68% Black or African American, 6.23% Two or More Races, 2.1% Asian, 2.1% Hispanic or Latino, and 0.197% American Indian or Alaska Native.

Students enrolled at Mount Mercy University in full-time Undergraduate programs are most commonly White Female (46.7%), followed by White Male (23.7%) and Two or More Races Female (3.91%). Students enrolled in full-time Graduate programs are most commonly White Female (63.8%), followed by White Male (18.1%) and Two or More Races Female (6.67%).

Full-Time vs Part-Time Enrollment

72.3%
Full-Time Enrollment

The total enrollment at Mount Mercy University in 2022, both undergraduate and graduate, is 1,526 students. The full-time enrollment at Mount Mercy University is 1,103 and the part-time enrollment is 423. This means that 72.3% of students enrolled at Mount Mercy University are enrolled full-time compared with 67.6% 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.

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Retention Rate over Time

74%
2022 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 74%. Compared with the full-time retention rate at similar Masters Colleges and Universities (73%), Mount Mercy University had a retention rate higher than its peers.

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

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2022)
  1. White
    1,117 enrolled students
  2. Black or African American
    102 enrolled students
  3. Two or More Races
    95 enrolled students

The enrolled student population at Mount Mercy University is 73.2% White, 6.68% Black or African American, 6.23% Two or More Races, 2.1% Asian, 2.1% Hispanic or Latino, and 0.197% 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 51.2% White, 17.3% Hispanic or Latino, and 13% 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, 37 students (2.42%) did not report their race.

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Graduates

In 2022, 200 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 (483 degrees awarded). There were 17.3 times more white recipients than the next closest race/ethnicity group, black or african american (28 degrees).

The most common Bachelor's Degree concentration at Mount Mercy University is Registered Nursing (105 degrees awarded), followed by General Psychology (24 degrees) and General Human Resources Management & Personnel Administration (24 degrees).

In 2022,  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 (226 degrees awarded), Philosophy and Religious Studies (5 degrees), and Health (182 degrees).

Common Jobs by Major

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 Registered nurses (1,497,352 people), Accountants & auditors (1,052,850 people), Other managers (805,576 people), Financial managers (509,491 people), and Chief executives & legislators (415,601 people).

The most specialized majors at Mount Mercy University in 2022 are Business (226 degrees awarded), Philosophy and Religious Studies (5 degrees), Health (182 degrees), Public Administration and Social Service (17 degrees), and English (8 degrees) (as of 2022).

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Highest Paying Jobs by Major

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 (226 degrees awarded), Philosophy and Religious Studies (5 degrees), Health (182 degrees), Public Administration and Social Service (17 degrees), and English (8 degrees) (as of 2022).

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Common Industries by Major

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).

The most specialized majors at Mount Mercy University are Business (226 degrees awarded), Philosophy and Religious Studies (5 degrees), Health (182 degrees), Public Administration and Social Service (17 degrees), and English (8 degrees) (as of 2022).

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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 (2022)
  1. 105 degrees awarded
  2. 24 degrees awarded
  3. 24 degrees awarded

In 2022, the most common bachelors degree concentration at Mount Mercy University was Registered Nursing with 105 degrees awarded.

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

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Sex Breakdown for Common Majors

195
Degrees Awarded to Men
in 2022
395
Degrees Awarded to Women
in 2022

In 2022, 195 degrees were awarded to men at Mount Mercy University, which is 0.494 times less than the number of degrees awarded to females (395).

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

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Most Common Male Majors

In 2022, 33 degrees were awarded to men at Mount Mercy University in General Business Administration & Management, which is 1.43 times more than the 23 female recipients with that same degree.

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Most Common Female Majors

In 2022, 94 degrees were awarded to men at Mount Mercy University in Registered Nursing, which is 8.55 times more than the 11 male recipients with that same degree.

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Time to Complete

49%
100% Completion Time
57%
150% Completion Time

In 2022, 49% of students graduating from Mount Mercy University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 57% completed their degrees within 150% of the normal time, and 59% 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.

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Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.
Hispanic or Latino Male
Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2022 at Mount Mercy University is Male and Hispanic or Latino (100% graduation rate). Across all Masters Colleges and Universities, Asian Female students have the highest graduation rate (73.2%).

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, 2.21% of graduates (3 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2022)
  1. White
    483 degrees awarded
  2. Black or African American
    28 degrees awarded
  3. Two or More Races
    14 degrees awarded

The most common race/ethnicity at Mount Mercy University is white (483 degrees awarded). There were 17.3 times more white recipients than the next closest race/ethnicity group, black or african american (28 degrees).

4.24% of degree recipients (25 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic (2022)
  1. White Female
    334 degrees awarded
  2. White Male
    149 degrees awarded
  3. Black or African American Female
    16 degrees awarded

The most common race/ethnicity and sex grouping at Mount Mercy University is white female (334 degrees awarded). There were 2.24 times more white female recipients than the next closest race/ethnicity group, white male (149 degrees).

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Operations

Mount Mercy University has an endowment valued at nearly $34.4M, as of the end of the 2022 fiscal year. The return on its endowment was of −NaNM (−5.51%) compared to the 0.773% average return (360k on 46.6M) across all Masters Colleges and Universities.

In 2022, Mount Mercy University had a total salary expenditure of 36.8M. Mount Mercy University employs 42 Assistant professors, 16 Associate professors and 15 Professors. Most academics at Mount Mercy University are Female Assistant professor (27), Male Assistant professor (15), and Male Associate professor (9).

The most common positions for non-instructional staff at Mount Mercy University are: Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 40 employees, Service, with 29 employees, and Management with 28 employees.

Endowment

$34.4M
2022 Endowment
5.39%
decline from 2021

Mount Mercy University has an endowment valued at about $34.4M, as of the end of the 2022 fiscal year. The endowment of Mount Mercy University declined 5.39% from the previous year. The value of their endowment was $12.2M 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.

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Salary Expenditure

$15.7M
2022 Salaries
3.66%
growth from 2021

In 2022, Mount Mercy University paid a median of $15.7M in salaries, which represents 42.8% of their overall expenditure ($36.8M) and a 3.66% growth from the previous year.

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

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Instructional Salaries

$4.58M
Instructional Salaries
76
Number of Employees

In 2022, Mount Mercy University paid a total of $4.58M to 76 employees working as instructors, which represents 29.1% of all salaries paid.

This is compared to a median of $11.3M (31.2%) for similar Masters Colleges and Universities.

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Occupations by Share

Assistant professor
Most Common Instructor
42 Employees
Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media
Most Common Non-Instructional Employee
40 Employees

In 2022, the most common positions for instructional staff at Mount Mercy University were Assistant professor with 42 employees, Associate professor with 16 employees, and Professor with 15 employees.

In 2022, the most common positions for non-instructional staff at Mount Mercy University were Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 40 employees, Service with 29 employees, and Management with 28 employees.

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Instructors by Academic Rank and Sex

Most Common Demographic (2022)
  1. Female Assistant professor
  2. Male Assistant professor
  3. Male Associate professor

In 2022, the most common demographic for instructional staff at Mount Mercy University was Female Assistant professor with 27 employees, Male Assistant professor with 15 employees, and Male Associate professor with 9 employees.

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

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