Mount Mercy College offers the Sister Mary Ildephonse Holland Scholarship to incoming freshmen. Eligible applicants must have an ACT of 30 or an SAT of 1400, a 4.0 GPA, evidence of strong community service and extra-curricular activities, and must live on campus. The student must maintain a minimum cumulative Mount Mercy grade point of 3.00 at the end of each year.
The student is eligible to receive the scholarship for only four years. If the student fails to maintain the minimum cumulative grade point average requirements but meets the Presidential grade point requirements, the student will then receive the Presidential award for which the student was initially eligible. If the student does not meet the minimum grade point or hour requirements of the Presidential Scholarship, the student will not receive the scholarship until eligibility is restored.