by our College Data Analytics TeamThe majority of students will never be charged the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The total cost of going to Park University can seem overwhelming, but bear in mind that many students are given some form of financial aid.
What financing options does Park University offer you, and what will you qualify for? Keep scrolling for more information. Keep reading to discover just how much financial aid could be open to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Read on to get a sense of the financial assistance available at Park University.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. However, some types of aid are more desirable than others, and some students will receive more than others.
For incoming first-year students at Park University, 94% of new full-time first-years were awarded at least some aid (about 144 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 93% | $9,820 |
| Institutional grants & scholarships | 85% | $6,979 |
| Federal Pell grants | 42% | $5,924 |
| State/local grants | 17% | $2,481 |
| Federal student loans | 46% | $5,178 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At this school, some 59% of undergraduate students received gift aid averaging $7,479 (among about 3153 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 59% | $7,479 |
| Federal Pell grants | 41% | $4,694 |
| Federal student loans | 31% | $6,987 |
Title-IV recipients living on campus saw average grant aid of $8,395.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $13,709 |
| $30,001 – $75,000 | $14,794 |
| Over $75,000 | $18,290 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $21,032 |
| Off-campus title-IV students | $15,529 |
For a personalized estimate based on your family’s financial situation, use Park University’s online cost calculator: npc.collegeboard.org/app/park.
Graduating students at Park University carry a median federal student debt of $12,500 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $12,500 |
| Median federal debt (graduates only) | $21,685 |
| Typical 10-year monthly payment (graduates) | $229.9/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
The numbers below show the full range, not just the middle of the distribution. The percentiles below describe the cumulative federal debt distribution for borrowers at Park University.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,347 |
| 25th percentile | $5,046 |
| 75th percentile | $23,425 |
| 90th percentile (highest-debt students) | $35,654 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $12,500 |
| Middle income | $12,500 |
| High income | $13,272 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,500 |
| Continuing-generation students | $12,500 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,820 |
| Independent students | $13,852 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Park University.
Stafford loans make up the bulk of federal direct lending to undergraduates. The annual Stafford volume below reflects program activity at Park University:
| Metric | Value |
|---|---|
| Stafford loan recipients | 29662 |
| Total Stafford loan amount | $619,198,006 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 1444 |
| Total GI Bill amount | $10,475,029 |
| Average GI Bill amount per recipient | $7,254 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 2389 |
| Total DoD amount | $5,390,656 |
| Average DoD amount per recipient | $2,256 |
References
More about our data sources and methodologies.