Private Loans

Parker encourages all students to investigate a lender before making a choice to borrow from them

Parker University 2013-2014 Private Loan Lender Recommendations

Parker encourages all students to investigate a lender before making a choice to borrow from them. A student is never required to use only the lenders on our lender lists. Parker will guarantee/certify a loan with any lender of your choice. Parker University does not accept any financial benefits from our lenders.

Selecting a Lender: Choosing a lender is an important decision. You are beginning a relationship that will be a part of your life for many years to come. Always use Federal loan options if you can before choosing private or alternative loan lenders. Parker University has selected each of the alternative or private loan lenders as a participating lender based on their outstanding products, borrower benefits including competitive interest rates, and exemplary customer service to our students and staff. Each of the Parker participating lenders has developed repayment options and benefits that provide students a variety of choices. The lenders listed were selected through a competitive Request for Information (RFI) process. They went through a detailed review including a comparison of their pricing, borrower benefits, customer service and efficiency of their processes.

Lender Selection Criteria: When selecting the private loan programs for our list, we considered the following criteria. (1) Loan terms (interest rates, fees charged, borrower benefits); (2) quality service (timeliness of processing, ease of applying); (3) borrower benefits (potential savings, default prevention measures). Please review the school’s Financial Aid Code of Conduct for more information about the schools ethical financial aid practices.

Application Process: After careful review of the list’s information, use the “Apply Now” link associated with the lender you have chosen. Complete the loan application on the lender’s website. After you have completed all necessary paperwork and your credit has been approved, the lender will send an electronic request to Parker to certify your loan. At the time Parker certifies your loan, you will see the awarded loan appear on your financial aid package in your My Parker as accepted. You may borrow up to the total Cost of Attendance for the academic year less any financial aid received. Applications for private or alternative loans must be renewed each academic year.

Parker strongly encourages that you apply with a credit worthy cosigner for faster approval.

Research
Parker University seeks to build a culture of research aimed at generating new information and knowledge, enhancing student learning experiences, and improving institutional effectiveness. The institution supports campus and external research initiatives, promotes collaborative efforts, and communicates the results of discovery to those we serve.

Leadership Through Service
For knowledge beyond the degree, Parker University offers opportunities for continual education and peer networking, affording industry professionals’ exposure to renowned leaders in their fields and the latest developments and advancements in our professions. These opportunities provide our graduates with the knowledge, skills, and attitudes to serve their communities and flourish in their respective careers.


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