Students indicate their enrollment status for the first trimester they will be attending Parker University on the Parker Financial Aid Application. This status is used for estimating financial need. The actual enrollment status will be determined at the end of regular drop/add and will be one factor used in determining the actual amounts for which students are eligible. The estimated award may be revised if the final enrollment status is different from the enrollment status awarded.

For the purpose of determining Federal Pell Grant award amounts, students must be enrolled in all countable hours by the end of the first (main session) drop/add period. All express sessions must be included in this enrollment status. In most cases, hours added after the first (main session) drop/add period cannot be included in determining enrollment status for Federal Pell grant. If you enroll after the regular drop/add date and are receiving your initial award for the academic year, your financial aid award package will be based on the number of eligible enrollment hours indicated at the time of the initial award.

The EFC is calculated from the student's FAFSA and is the same at all institutions. The EFC includes a contribution from the student from earnings, savings, and assets. If the student is a married student, a contribution from the student's spouse will be calculated utilizing the same components. Dependent students will have a contribution from their parent's earnings, savings and assets.

Students who are found ineligible for the aid they received, either by clerical error or a drop in the Expected Family Contribution (EFC) or any other error, are responsible for repayment of the funds they are not eligible to receive. If a student receives a refund they are not anticipating or in excess of what they expect, they need to contact the Financial Aid Office. Students will be issued a new award letter if there are changes to their financial aid, other than adjustment to scholarships based on actual tuition and fees.