$3,309

Avg. Federal Grant

$7,341

Avg. Federal Loan

$1,842,635

Total Aid Awarded

Parker University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

76%

Total Aid Amount Average Total Aid Awarded per year.

$1.843M

Financial Aid Official Website

https://www.parker.edu/financial-aid/

Among them are scholarship programs such as Children of U.S. Military who are Missing in Action or Prisoners of War (MIA/POWs) Exemption, Dr. Joseph Graham Fellowship for College Pro-Life Leaders, Faye and Rendell Webb Scholarship, and Good Samaritan Foundation Scholarship for Nursing. It is interesting to note that, every year, around 89% of students at PU receive some kind of financial aid, while the total amount of assistance/loans provided is $1,954,815. More information regarding the financial assistance schemes can be accessed on PU’s official financial aid page at https://www.parker.edu/financial-aid/. Notably, a total of 54% of the applicants to Parker University receive the Federal Grant every year. On the other hand, 87% of the candidates get the Student Grant, 83% receive the Institution Grant, and 54% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $6,369, while the same comes to $2,573 for State Grant receivers and $4,013 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $3,066. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Those with a family income below $30,000 per annum, would get an average federal aid of $7,775 in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $5,994 and $5,514, respectively. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Candidates are also required to repay these loans within a given period. At Parker University, the percentage of candidates who opt to avail of student loans is around 69%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

68%

State Grant Aid

11%

Institution Grant Aid

66%

Pell Grant

68%

Average Aid Awarded

Federal Grant Aid

$3,309

State Grant Aid

$3,348

Institution Grant Aid

$6,618

Pell Grant

$3,202

As shown in the table the breakdown includes Federal Grants, Pell Grants, state grants and institutional grants, with institutional grants having the highest contribution of 66% with an average aid amount being $6618.

Pell grants have a percentage of 68% with an average aid amount of $3309 which is lower than the State grant aid average of $3348.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$7,087

$30,001 - $48,000

$8,725

$48,001 - $75,000

$6,977

$75,001 - $110,000

$4,109

Over $110,000

$5,078

As shown in the table lower the family income higher is the amount of aid one can expect to receive. For those students who have a family income under $30,000 can expect to receive an aid amount of $7087 while those with family income over $110,000 can expect to receive an aid amount of $5078. This helps students who are coming from low income homes to pay for their degree.

Student Loans for Parker University

Average Loan Amount Average Loan Amount received per year.

$7,341/Year

Students Taking Out Loans

57%

Loan Default Rate

6.5%

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