Parker University Financial Aid and Scholarships
Students Receiving Aid
76%
Total Aid Amount
$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%.
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