Student Loans for University of Detroit Mercy Students
About University of Detroit Mercy
Located in the heart of Detroit, Michigan, the University of Detroit Mercy is a private institution that was founded in 1877. The university offers over 100 programs including law, business, dentistry, engineering, architecture and nursing. Notably, U.S. News & World Report has included it in its list of “America’s Best Colleges”. Studying at this well-reputed university will help you obtain all the skills you need in order to establish a rewarding career.
University of Detroit Mercy Financial Aid
University of Detroit Mercy financial aid helps students pursue higher education in an affordable way. The university offers a number of state, federal and institutional awards that allow students to pay for their tuition and living expenses without having to worry about finances. To apply for University of Detroit Mercy financial aid, students need to file the FAFSA application, which can be done online at fafsa.ed.gov. Students should file the FAFSA carefully, as the information in this form will help the university to determine their aid packages.
UDM offers a number of need-based and merit-based awards such as federal student loans, grants and scholarships. Grants and scholarships do not have to be repaid while student loans such as federal Stafford and federal Perkins loans must be. Work-study programs are also a popular University of Detroit Mercy financial aid option. Employing this option, students can work part-time while managing to pay off at least some of their educational expenses.
Private Student Loans and University of Detroit Mercy
In case UMD financial aid packages do not cover the entire cost of your education, you may want to consider private loans, which are great funding options. Indeed, private loans may help you bridge the gap between your actual need and the funds you are able to obtain through the University of Detroit Mercy financial aid packages. You can also apply for private student loans if you do not qualify for UDM financial aid at all. Use the Student Loan Comparison Tool on our website to pick the private student loan that best suits your needs.
University Of Detroit Mercy financial aid packages are customized programs geared toward assisting students with education costs, as students don’t have to worry about rising tuition costs. New applicants may apply for assistance by submitting a FAFSA application. The aid options available include loans, grants, scholarships, and work-study programs.
UDM Financial Aid is available for which program and degrees?
UDM financial aid is available to all students at the university. Students enrolled in graduate degree, undergraduate degrees, and doctorate degrees may apply for UDM financial aid by filling out the FAFSA. Some degree aid programs have been specifically designed for undergraduate programs while others are geared towards graduate education. The aid office faculty can help you determine what program you are eligible for and the benefits of aid.
Pay for University of Detroit Mercy*
|Total Avg. Cost||$45,565|
|Room & Board||$8,930|
|Financial Aid Information|
|Students Receiving Fin Aid||98%|
|Typical Grant Amounts|
|Avg. Other Stud. Loans||$6,670|
|%Receiving Other Loans||3%|
Get into University of Detroit Mercy
Contact University of Detroit Mercy
|4001 W McNichols Rd
Detroit, MI 48221-3038(313) 993-1000
|Financial Aid Office URL|
|Admissions Office URL|
*Data source is the Integrated Postsecondary Education Data System (IPEDS) the data collection program for the National Center for Education Statistics