Financial aid is available to those who qualify. The Office of Financial Aid provides various types of grants, scholarships, work-study employment, and student loans from federal, state, and private sources to assist students in paying for their education expenses. This section describes some general financial aid information that applies to all students, including students enrolled in graduate, undergraduate and certification programs.
A student and/or parent (if applicable), must apply for a Federal Student Aid (FSA) ID. This can be obtained at www.studentaid.gov. Once an FSA ID is obtained, aid applicants must complete a Free Application For Federal Student Aid (FAFSA) at www.studentaid.gov. Aid Applicants that wish to apply for a Federal Direct student loan, must complete a Master Promissory Note (MPN) and Loan Entrance Counseling.
Based on the results of the FAFSA, the Office of Financial Aid reviews total cost of attendance that includes, but is not limited to, tuition and fees, books and supplies, room and board, personal expenses and allowable transportation expenses against an applicant’s expected family contribution (EFC) to determine financial need.
Parker University offers the following Federal, State, and institutional financial aid programs to students who qualify:
Federal and State Grants
Federal Direct Student Loans
Federal Work Study Programs
Veteran Affairs Benefits
Student Eligibility Requirements
Federal financial aid is not available to international students unless they are eligible non-citizens. Eligible non-citizens must provide current documentation of immigration status prior to applying for financial aid. An applicant for admission who indicates on their application that financial assistance is needed for education is to complete the Free Application for Federal Student Aid prior to enrollment. To be eligible to receive most need-based aid, students must meet the following requirements:
Show financial need
Enroll in an eligible program
Be a United States citizen or eligible non-citizen
Have a valid social security number
Maintain satisfactory academic progress
Comply with requirements of the Anti-Drug Abuse Act
Not be in default on a Federal Perkins Loan (or National Direct Student Loan), Federal Stafford Loan or Federal PLUS Loan
Not owe a refund on a Federal Pell Grant or Federal Supplemental Educational Opportunity Grant (FSEOG)
Agree to use any Federal student aid received solely for educational purposes
Be enrolled at least half-time (for most programs)