Financial Aid

Parker University affords you many options for funding your education, and nearly all of our students receive some sort of financial assistance, including numerous scholarships and grants. These resources not only cover tuition, but also living expenses so students are better able to concentrate on their education.

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Tuition

Parker University affords you many options for funding your education, and nearly all of our students receive some sort of financial assistance, including numerous scholarships and grants. These resources not only cover tuition, but also living expenses so students are better able to concentrate on their education.

QUICK LINKS

Tuition

Focused on our students’ future, last year our Office of Financial Aid awarded $64,000 from a growing list of 52 scholarships, and helped Parker University students apply for more than $23MM in federal financial assistance.

From veteran’s benefits to deferring student loans while enrolled at Parker, and all points in between, our financial aid coordinators provide front-line service to achieve your goals – leaving you free to focus on the learning experience ahead.

Scholarships

Parker University offers a variety of merit and need based scholarships for new and returning students.

Admissions Process

Parker is dedicated to assisting you through the entire application process and answering any questions you may have along the way.

Financial Aid

Parker University offers many options to help fund your education. Most students are eligible to receive financial aid, and nearly all of our students receive some form of assistance.

Financial Aid is available for those who qualify

The Office of Financial Aid at Parker University is committed to helping you understand all of the resources available to fund your education at Parker. Our office provides assistance to qualified students who need financial help to pursue their education. Students have access to a variety of options to assist in financing their education. Financial aid is intended to supplement, not replace, family resources — the primary responsibility of funding rests with families and students.

It’s never too early to begin exploring financial aid options. We encourage future and current students to start investigating as soon as possible.

You can begin investigating your financial aid options at any time – the sooner the better! Follow these three easy steps and get a head start on understanding financial aid options available to you.

Please review your applications to ensure all required information is complete before submitting. Once we receive all of your applications and you have been accepted into Parker University, we begin the awarding process.

Net Price Calculator

Using the net price calculator, you can find out your eligibility for financial aid and estimate your out-of-pocket expenses.

Net Price Calculator

  • How to Apply for Financial Aid
  • Types of Financial Aid

How to Apply for Financial Aid

For federal and state “need based” financial aid, students must be:

  • U.S. citizens, on a permanent resident visa, or an otherwise eligible non-citizen (You will be asked to provide appropriate documentation.)
  • Attending an accredited college or university
  • Demonstrate financial need
  • Provide copies of their previous year’s tax returns (both federal and state) and other forms as needed to comply with requirements for the various programs

The FAFSA is required for all types of financial aid including Pell and other federal grants, state grants, institutional grants, loans and work study. You can file your FAFSA [link to open new window: as early as January 1 of the year you intend to enter school, and you’ll have to repeat the process each year as you pursue your education.

You’ll need to collect the following information in order to complete the FAFSA:

  • Your Social Security Number
  • Your alien registration or permanent resident card (if you are not a U.S. citizen)
  • Your driver’s license (if any)
  • Your most current Federal Income Tax Return (IRS 1040, 1040A, 1040 EZ)
    • Your spouse’s information, if you are married
    • Your parents’ information, if you are dependent
  • Previous 2 years Forms and other records of money earned
  • Foreign Tax Return, or Tax Return for Puerto Rico, Guam, American Samoa, the U.S. Virgin Islands, the Marshall Islands, the Federal States of Micronesia, or Palau, if not filing a 1040, 1040A, or 1040EZ
  • The prior 2 years untaxed income records
  • Veterans non-education benefit records
  • Child support received
  • Worker’s compensation
  • Previous 2 years business and investment mortgage information, business and farm records, stock, bond and other investment records

Parker University School Code

016293

FAFSA

You will need this code to complete your FAFSA

All Direct Loan borrowers must complete a Subsidized/Unsubsidized Entrance Counseling Session. This is an online tutorial on financial awareness that is required by the Department of Education.

A Master Promissory Note (MPN) is also required for all students. This is your agreement to repay the loans you receive.

Entrance Counseling & MPN

Parker University’s Cohort Default Rate

Types of Financial Aid

The main criterion for receiving grants is substantial financial need. Grants do not have to be repaid unless a student becomes ineligible. Students must maintain satisfactory academic progress as defined in the Parker University Satisfactory Academic Progress Policy.

Federal Pell Grant
Federal Pell Grants are awarded to qualified undergraduates to help pay for their education. Pell grants do not have to be repaid unless a student becomes ineligible. Eligibility for a Federal Pell Grant is based on several factors. Students complete a Free Application for Federal Student Aid (FAFSA) and this generates an Expected Family Contribution (EFC) number. Using the EFC number and other criteria, the amount of award is determined. Students with a bachelor’s degree are not eligible for Federal Pell Grants.

Federal Supplemental Educational Opportunity Grant FSEOG
The Federal SEOG provides additional grant assistance to students. Funds are limited and priority is given to Pell-eligible students with exceptional financial need. Federal SEOG awards do not have to be repaid unless a student becomes ineligible. Students with a bachelor’s degree are not eligible for Federal SEOG.

A&P Grant
Eligible students can receive a Parker University A&P Grant. Students must maintain a 2.5 GPA throughout the program to maintain eligibility. To be eligible, students must be enrolled in the A&P program with the intention of enrolling into the Doctorate of Chiropractic program. This grant is calculated at $300.00 per credit hour and is only awarded towards A&P credits and cannot be awarded towards general education classes.

Parker University Scholarship Programs

Parker University offers a variety of scholarships ranging from academic to financial for students who meet the criteria set by the university.

Undergraduate Academic Merit Scholarships

Scholarships are available to those students who qualify based on GPA.  Amounts range from $1,000 – $2,150 per term and are available for all Associate and Bachelor programs.

College of Chiropractic

Doctor of Chiropractic – Incoming Student Scholarship Application
Doctor of Chiropractic – Continuing Student Scholarship Application

College of Business and Technology

William M. Harris MBA Scholarship Application
Merit Scholarship

*Please contact the Office of Financial Aid at AskFinancialAid@parker.edu or 214-902-2424 for complete details on the scholarship opportunities and specific criteria.

Private Scholarships
Outside scholarships are available from outside companies. A helpful resource in identifying private scholarships is ScholarshipExperts.

Parker University encourages students to maximize your borrowing by using all federal loan options before borrowing from private/alternative loan sources.

Subsidized and Unsubsidized Direct Loans

Parker University was selected by the United States Department of Education to participate in the Federal Direct Student Loan Program. A Federal Direct Stafford Student Loan eliminates lender and guarantee agencies. Parker University processes a student’s application in-house, and the loan is funded directly by the U.S. Department of Education. The Federal Direct Student Loans are low interest loans.

Federal Direct Loan Subsidized Program repayment begins six (6) months after a student drops below half-time status. The loan has a variable interest rate that is determined each year by the federal government. Based on student eligibility for the subsidized loan, the unsubsidized loan amount may be increased based on unmet need if eligible. Unsubsidized loans are non-need based loans to students who meet the qualifications. The loan is based on the cost of attendance less any other financial aid a student receives. Interest is charged throughout the life of the loan. The following chart provides maximum annual and total loan limits for subsidized and unsubsidized loans as of July 1, 2012.

Doctor of Chiropractic Student
Unsubsidized Loan = $33,000 Total Loans = $33,000

Combined Subsidized and Unsubsidized Loan Limits for Eight Months of Study
Massage Therapy Student Subsidized Loan = $3500/Unsubsidized Loan = $6000
Total Loans = $9500
Dependent Freshman
(Freshman=0-29 hours completed)
Subsidized Loan=$3500/Unsubsidized Loan=$2000
Total Loans=$5500
Independent Freshman
(Freshman=0-29 hours completed)
Subsidized Loan=$3500/ Unsubsidized Loan=$6000
Total Loans=$9500
Dependent Sophomore
(Sophomore=30-59 hours completed)
Subsidized Loan=$4500/Unsubsidized Loan=$2000
Total Loans=$6500
Independent Sophomore
(Sophomore=30-59 hours completed)
Subsidized Loan=$4500/Unsubsidized Loan=$6000
Total Loans=$10,500
Dependent Junior/Senior
(Junior/Senior=60+ hours completed)
Subsidized Loan=$5500/Unsubsidized Loan=$2000
Total Loans=$7500
Independent Junior/Senior
(Junior/Senior=60+ hours completed)
Subsidized Loan=$5500/Unsubsidized Loan=$7000
Total Loans=$12,500
Graduate Student
Unsubsidized Loan=$20,500 Total Loans=$20,500

Federal Parent PLUS Loan

The Federal PLUS Loan (PLUS) programs provide non-need based loans to parents of dependent students. PLUS loan eligibility is based on the cost of attendance less any other financial aid a student receives. Repayment on a Federal PLUS begins within (60) sixty days after the final loan disbursement. These loans have variable interest rates determined annually by the federal government.

Federal Graduate Professional PLUS Loan

Graduate and professional degree students are eligible to apply for the PLUS loan program up to their cost of attendance minus other estimated financial assistance in the direct loan program. The terms and conditions applicable to parent PLUS loans also apply to the graduate/professional PLUS loans. The requirements include a determination the applicant does not have an adverse credit history, repayment begins 6 months after the student falls below a half-time enrollment status, and a fixed interest rate of 7.6 % (for loans disbursed 07/01/2018-06/30/2019). Applicants for these loans are required to complete the Free Application for Federal Student Aid (FAFSA). They also must have applied for their annual loan maximum eligibility under the federal subsidized and unsubsidized Stafford loan program before applying for a graduate/professional PLUS loan.

 

VA Benefits FAQ’s

Active Military Tuition Assistance Benefits for Online Programs

Parker University participates in the Department of Defense (DoD) Tuition Assistance (TA) Program providing postsecondary programs available to the military community.

TA eligible programs at Parker University are as follows:

Active Military Tuition Rate:$310 per credit hour Tuition Rates for undergraduate online programs and $355 per credit hour for MBA program reflect only tuition in accordance with DoD Instruction 1322.25. Rates do not include costs associated with room, board, distance learning, equipment, supplies, books/materials, exams, insurance, parking, transportation, admissions, registration, or fines. Compare tuition costs here

 

Military Education Benefits

Military education benefits are offered at Parker University. Learn more about the educational benefits offered for military personnel and veterans. Military students who are serving on active duty or in one of the reserve or National Guard components, veterans, and eligible family members may use their educational benefits at Parker University. While benefit and eligibility information is provided, the ultimate approval of a student’s ability to use a particular benefit is determined by the respective government agency offering the benefit. In addition to the information we’ve provided, the knowledgeable staff at Parker University is available to help guide you through the process. Speak with one of our experienced admissions representatives to get started. For further information on participation and eligibility, contact us.

Tuition Assistance

Parker University has signed the Memorandum of Understanding with the Department of Defense, which allows you to use Military Tuition Assistance (TA). The program is available to active duty, National Guard, and Reserve Component service members. Prior to enrolling into an institution, service members need to first check with an education counselor or Educational Services Officer (ESO), for the specifics involving TA by visiting their local installation education office, contacting your education counselor or ESO, or by going online to a virtual education center.

The service member must apply for the program and receive approval before starting classes. Prior to your course enrollment, you may be required to develop an education plan or complete TA orientation.

Parker University acknowledges that military students who are deployed away from their homes or permanent duty stations and students affected by a qualified natural disaster may experience difficulties with completing their degree requirements. Parker University encourages service members and those students affected by natural disasters to continue with their education and will be flexible and responsive to their needs.

Military Tuition Assistance Funding

Military Tuition Assistance is a benefit paid to eligible members of the Army, Navy, Marines, Air Force, and Coast Guard.

The Tuition Assistance Program will fund up to 100% of your college tuition and certain fees with the following limits: Not to exceed $250 per semester credit hour OR $166 per quarter credit hour.

Tuition Assistance can cover up to $250 for each semester credit hour that a student attends, with a $4,500 limit per fiscal year.

If a student cancels their enrollment or fails to begin their courses as scheduled, 100% of the Tuition Assistance funding will be refunded to the appropriate branch of service.

If a student is withdrawn from their program of study for any reason, Parker University will calculate their percentage of completion. Once a student completes 60% of their term; as determined by a Return to Title IV calculation, Parker University will hold all disbursed monies on the students account. In the event that the student has not reached 60% of their term; as determined by a Return to Title IV calculation, a pro-rated amount of Military Tuition Assistance funding will be returned to the appropriate branch of service.

Point of Contact for Tuition Assistance Programs

 

Please call Ginger Bonton at 214-902-3494 for additional information.

Some students may need additional funding to cover any shortfall that their Federal Grants and Federal Loans do not cover, or other students may need assistance with living expenses. For these cases, there are Alternative Loans to help. Alternative Loans are credit based, private-education loans, that students can utilize pending an approved application. Most lenders allow for cosigners if needed, offer competitive interest rates, and various repayment terms. Student are free to explore any lending institution, but a few that our student have used in the past include Sallie Mae, Discover Student Loans, and College Avenue. Please contact our Financial Aid Office for more information on how to apply for any Alternative Loans