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How much can I get in Federal Loans?
This will vary from student to student depending on a such factors as Dependency, Pell Eligibility and Grade level. To find out what you are eligible for please complete the current FAFSA and the Parker Financial Aid Application.   
 
What is the difference between the subsidized and unsubsidized loans?
The subsidized loan is a need based loan. The government will pay the interest rate while a student is enrolled in school. The unsubsidized loan is not a need based loan so interest will accure once the loan is disbursed .
 
What is the interest rate for the subsidized and unsubsidized loans?
The interest rate for the undergraduate level subsidized loan is 3.4% and the interest rate for the unsubsidized loan is 6.8%. The interest rate for all graduate level loans (unsubsidized) is 6.8%.
 
What is a FAFSA?
FAFSA stands for Free Application for Federal Student Aid. This report tells the school what federal aid a student is eligible for.
 
My FAFSA was "selected for verification". What does that mean?
The U.S. Department of Education selects 30% of all applicants for verfication in order to confirm information reported on your FAFSA. The verification process ensures that the information students and parents report is accurate - this prevents ineligible students from receiving aid based on false information. Verification also ensures that eligible students receive all of the aid for which they are qualified. If your FAFSA is selected for verification, your coordinator will be in contact with you about the proper forms to fill out, and additional information needed for me to get you awarded for financial aid.
 
How do I get a deferment on my loan(s) while in school?
This is called an 'In-School Deferment' and is handled within the Registrar's Office (214-902-2412).
 
Where can I find out who my lenders are and how much I have taken out in loans?
The website NSLDS.ED.GOV is a very useful tool in finding where all of your loans are. This website will show you how much you owe, and contains all of the lender contact information.
 
Who can I consolidate my students loans with?
The only lender offering loan consolidation is the Department of Education.
 
How much does the MBA program cost?
Please check the Tuition & Fees section of MyParker, listed under the Business Office. They will have the current, up-to-date information.
 
How long is the MBA program?
The program lasts for 6 trimesters, which is 2 years  in length.
 
What is the cost per credit hour?
The tuition cost per credit hour is $ 675.00 dollars.
 
Are there any grants for the MBA program?
There are several state-funded grant programs available to students coming from outside of Texas. For the most up-to-date information on available state grants, check the 'Incoming Students' section of our webpage, or contact  Katie Alaniz (972-438-6932, ext. 7023).
 
How can I get additional funds?
Additional funding will solely depend on whether or not a student’s annual cost of attendance has been meet. If there is still room in a student’s budget they may be able to apply for additional funds. Students are encouraged to speak to their financial aid counselor to see if they qualify.

Gift Aid

This would include Grants- Once you complete your FAFSA the school will be able to determine if you qualify for a Pell Grant.
  • Federal PELL Grant for undergraduates
  • Federal Supplementary Educational Opportunity Grant (FSEOG)
  • Tuition Equalization Grant (TEG)

Federal Stafford Loans

There are two types of federal stafford loans - subsidized and unsubsidized loans.  For an independent student the most a student can borrow is $3,500 in the subsidized loan and $7,000 for the unsubsidized loan.  If a student is classified as a dependent student then the maximum they can borrow is $3,500 for the subsidized loan and $2,000 for the unsubsidized loan.
  • Subsidized Direct Loan
  • Unsubsidized Direct Loan
  • Parent Loans for Undergraduate Student (PLUS)
  • Employment Program (Work Study)

Federal Work Study Program

This program allows a student to work on campus up to a maximum of 20 hours. The pay range is between 8 to 10 dollars an hour. Students can indicate that they are interested in the program on the financial aid application.

 

How much does the DC program cost?
Please check the Tuition & Fees section of MyParker, listed under the Business Office. They will have the most  
current, up-to-date information.
 
How long is the DC program?
The program lasts for 10 trimesters, which is 3 years and 4 months.
 
What is the cost per credit hour?
Tuition for each trimester is based on a flat-rate. It is not calculated per hour. For special schedules of under 16
hours, or over 30 hours, please contact your Financial Aid Coordinator for more information.
 
Are there any grants for the DC program?
There are several state-funded grant programs available to students coming from outside of Texas. For the most up-to-date information on available state grants, check the 'Incoming Students' section of our webpage, or contact Stephanie Kennedy (972-438-6932, ext. 7028). 
 
How can I get additional funds?
Once a trimester, each student can apply for a Grad Plus loan to help cover unexpected costs that would prevent a student from continuing on in his/her studies. If a student's overall budget needs to be increased for such a loan, we may be able to accommodate the request to make room for childcare costs or National Boards exams. The application for Professional Judgment is in the Financial Aid Office and on MyParker. Once we receive your application, one of our coordinators will process it and contact you regarding your specific account and budget.
 
What is the Texas Grant and how can I get it?
The Texas Grant is awarded to students that are considered a Texas resident. This grant is offered once a year. In order to receive the grant, you need to fill out the Texas Core Questions, located on the rolling rack outside of the Financial Aid office. Once we receive the core questions, we will review your file and verify that you are a Texas resident. Additional documentation may be required. Amounts vary, based on state funding at the time of your application. 
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