Tuition and Financial Aid

Merrimack College Tuition and Fees 2020 - 2021

Merrimack College tuition and fees for the academic year can be found here.

Financial Aid

Merrimack College will contribute approximately $80M in institutional aid to help students and their families invest in their education. Institutional aid for the 2020–2021 academic year has been increased by $5M to further assist students and their families who are struggling financially as a result of COVID-19.

Institutional aid is Merrimack funding prioritized to help students finance their education. The allocation of financial assistance in the form of various student awards is determined as part of the overall review of the individual student’s total cost of attendance (tuition, fees, room and board) as well as the student and family’s estimated contribution. Merrimack College reserves the right to make any changes to financial aid awards should student eligibility or cost of attendance change at any point during the 2020–2021 academic year.

Financial Concerns

Merrimack understands that COVID-19 has both health and economic impacts on our community. In an effort to help students, the College has created two ways to identify those in need of assistance and is providing financial assistance where possible:

• If students’ financial situations have changed as a result of COVID-19, students are encouraged to contact the financial aid office in writing with an explanation of their situation.
• Additionally, the College has implemented a COVID-19 emergency fund that students are encouraged to apply for should their financial situations change during the 2020-2021 academic year. 

Merrimack’s Effort to Mitigate Costs

As part of the College’s effort to mitigate the costs to students the following reductions are in place:

• Those students who have a credit from Spring 2020 room and board reimbursements will see in the overall amount billed reduced by the unused credit amount.
• As a result of the academic calendar being adjusted, those living on campus will be in housing one less week. This results in a reduction in cost for Fall 2020 residential students. This reduction is already reflected in the room and board fees.
• Merrimack College was awarded $2.6M in federal funds through the Coronavirus Aid, Relief, and Economic Security (CARES) Act. $1.3M of the federal funds is dedicated to the institution for any costs it incurred as a result of the pandemic. Merrimack has opted to use its portion of the funds to reduce the cost to attend Merrimack in the fall. This reduction is already reflected in the tuition and fee cost.

The combination of the academic calendar adjustment on room and board and the overall impact of Merrimack’s CARES Act funds is an approximate reduction in cost of $1,000.

To alleviate the extraordinary expenses of COVID-19, the College has reduced expenses, eliminated positions and reallocated more than $20 million dollars in its FY 2021 budget to mitigate against the spread of this disease and safely open the campus to ensure our students can successfully continue their education. We have also taken considerable operational steps to configure the campus to meet the challenges created by COVID-19. In addition to new expenses and reconfigured spaces, the extraordinary costs of safety measures, such as weekly testing and testing supplies, even with the budget cuts, are difficult to absorb. Therefore, the costs of testing need to be shared with students and a new temporary COVID-19 fee has been assessed to cover testing costs.

Mandatory COVID-19 Mitigation Fee

All students taking in-person classes will need to participate in the College’s testing program. While Merrimack will subsidize the costs associated with testing, each student will be required to pay a testing fee each semester. At the time of publication, the federal government is considering some funding to colleges for testing. Should Merrimack receive funding for testing, it will share a portion of these funds with students by crediting student accounts. Having a separate and transparent testing fee will make any credits easier to identify should funding become available.

Full-Time Tuition and Comprehensive Fee

The full-time tuition and comprehensive fees are set for students, whether they are taking courses as part of the on-campus experience or engaging in fully remote learning. Please note that the full-time tuition, comprehensive fee and mandatory COVID-19 testing fee will not be reduced should the College shut down at any point or for any period of time during the academic year. With the costs associated with running the College being both higher and fixed as a result of COVID-19, and the continued delivery of academic course credits and degrees, Merrimack College will not be reducing these costs.

Room and Board

Merrimack has simplified housing options for the 2020–2021 academic year. Dormitory Style Housing offers housing in Ash, Monican, and Deegans East and West. Apartment and Suite Style include St. Thomas and St. Ann, O’Brien, the Townhouses, North and South Residential Villages options and Royal Crest. All bedrooms have a maximum of two beds per bedroom. Single-bed bedrooms have a premium price assigned that is unique per bedroom. All students living in Merrimack housing (on campus or at Royal Crest) must purchase a meal plan. Starting in the academic year 2020–2021, all meal plans are priced the same, though students can determine the amount of meals versus Mack Bucks. Students living in units with kitchens must purchase a full meal plan, though the College will offer grocery options that can be purchased with Mack Bucks. With the costs associated with running the College being both higher and fixed as a result of COVID-19, Merrimack College will not be reducing these costs in the event of a shutdown.

Student Health Insurance

Per state law, all students must have health insurance. The College provides the opportunity for students to purchase insurance if they so desire, or if they have no other alternative

Cost Reductions for Students

Refund Policy

Merrimack College’s refund schedule for the 2020–2021 Academic Year is as follows:

Fall and spring semester refunds of tuition, room or board are made according to the following schedule:

• Within the first 15 days of the term - full refund - Sept. 7, 2020
• After the 15th day of the term - no refund

Please note that there are no refunds for tuition or any fees (comprehensive fee, COVID-19 testing fee, nor a refund on room and board) in the event that Merrimack College determines, at its sole discretion, that it must shut down and transition to remote learning. More information on refunds

Agreement

By registering for classes, students acknowledge and agree that Merrimack College reserves the right to modify all aspects of its programming (educational, both in-person and remote; extracurricular; and any other programs currently available, or created over the course of the 2020-2021 academic year) at its sole discretion, and in response to orders of civil authority or as a result of COVID-19 or other causes outside of its control. Further, students acknowledge that in the event of any changes the College deems necessary, tuition and fees and room and board are set for the year and will not be adjusted or refunded.

Addressing Financial Hardships

We recognize that some of our students and their families may be facing financial hardship as a result of COVID-19. Merrimack College is committed to working with students and families to provide additional financial assistance. Merrimack College has established a Student Emergency Fund for students seeking assistance during this trying time. Please visit Addressing Financial Hardships for more information.

CARES Act

Merrimack College was awarded $2.6 million in federal funds through the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The amount of funds is determined by a combination of those students eligible for Pell Grants and the remainder of the student population (the U.S. Department of Education allocated 75 percent of the funds available in the act based on the full-time equivalent enrollment of Pell Grant recipients and the remaining 25 percent based on the full-time equivalent enrollment of students who did not receive a Pell Grant). The funds are split into two equal parts. One part, $1.3 million, is dedicated to institutional use to offset additional operational the costs associated with the pandemic. The College has elected to utilize these funds to offset expenses otherwise paid by students. While helpful, the CARES Act funds are significantly less than the costs associated with the institution’s response to the pandemic.

The second $1.3 million is funding for students to help defer costs directly related to COVID-19 expenses. The College will use these funds to establish a student emergency fund to assist students with COVID-19-related expenses. More information can be found on our website.