by our College Data Analytics TeamMost students will not be asked to pay the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total price of attendance at Parker University can feel tremendous, but do not forget that almost all students receive some sort of financial help.
Just what financial assistance solutions will Parker University deliver, and just what are you going to be eligible for? Read on for answers. Read on to learn how much school funding will be available to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Continue reading to find information to help you understand just how much assistance you can expect to receive from Parker 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. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
Looking at the entering class at Parker University, 100% of entering full-time freshmen got some type of financial assistance around 49 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $12,239 |
| Institutional grants & scholarships | 94% | $6,973 |
| Federal Pell grants | 63% | $7,191 |
| State/local grants | 37% | $3,070 |
| Federal student loans | 78% | $10,092 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. Here, about 94% of undergrads got grants or scholarships worth on average $10,290 (covering around 476 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 94% | $10,290 |
| Federal Pell grants | 50% | $6,287 |
| Federal student loans | 65% | $11,163 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $13,032.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $23,990 |
| $30,001 – $75,000 | $27,160 |
| Over $75,000 | $28,993 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $29,135 |
| Off-campus title-IV students | $25,491 |
For an estimate tailored to your family circumstances, see Parker University’s NPC: www.parker.edu/netprice/index.php.
The median student at Parker University graduates with $9,500 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,500 |
| Median federal debt (graduates only) | $12,288 |
| Typical 10-year monthly payment (graduates) | $130.27/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
A single median figure conceals how much debt outcomes differ student to student. The four reference points below map the debt distribution at Parker University.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,750 |
| 75th percentile | $12,500 |
| 90th percentile (highest-debt students) | $20,500 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $9,500 |
| High income | $6,342 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $9,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,250 |
| Independent students | $9,500 |
The figure below distills the debt data into a single burden category for Parker University.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The annual Stafford volume below reflects program activity at Parker University:
| Metric | Value |
|---|---|
| Stafford loan recipients | 9787 |
| Total Stafford loan amount | $1,062,992,000 |
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 | 109 |
| Total GI Bill amount | $1,305,028 |
| Average GI Bill amount per recipient | $11,973 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 17 |
| Total DoD amount | $36,250 |
| Average DoD amount per recipient | $2,132 |
References
More about our data sources and methodologies.