FAFSA and financial aid

FAFSA – Free Application for Federal Student Aid

The Free Application for Federal Student Aid (FAFSA), is the form that determines your financial aid from the state, government and Park University.  The form collects personal and financial information from students and parents for dependent students. The information is applied to a formula to determine your Expected Family Contribution (EFC).  The FAFSA application reviews each student applicant for both grants and loans with one application.

See Understanding Financial Aid for more information.

FAFSA for the 2022-23 academic year

  • February 1st – Priority Deadline for Missouri Residents
  • March 1st – Non-Missouri Residents

Students are responsible for reviewing their Park University email for information regarding their financial aid status. We strive to communicate effectively on what documents are needed to complete the award or any changes to an existing award. Students with a FAFSA on file can log into the Financial Aid portal to submit documents, check their status, or view and accept financial aid offers.

Your attention is required on all financial aid notifications to ensure there are no delays in confirmation, book vouchers and/or meeting billing due dates.

APPLY FOR FINANCIAL Aid

Complete the Free Student Application for Federal Student Aid (FAFSA).
*Do not send your tax information unless it is requested.

Park’s FAFSA code: 002498

Apply for Financial Aid

Book Vouchers

New for 2022-23
Eligible financial aid recipients anticipating a financial aid refund will be provided an opportunity to purchase textbooks through the Park University bookstore and have the books charged to their Park student account.

Students are free to purchase their books out-of-pocket at the vendor of their choice and are not required to purchase their textbooks through the Park University bookstore. To opt out, simply do not redeem the voucher sent to you.

Book vouchers are calculated at the time issued, changes to your course schedule and/or adjustments made to your financial aid may result in a balance due for books charged on the voucher.

What is a Book Voucher, and how does it work?

A Book Voucher is permission to charge your required books and supplies to your student bill here at Park University. The Book Voucher is not additional aid or a scholarship; it works like a line of credit or credit card, allowing you to purchase the books and pay for them later along with your tuition and fees. Any financial aid that you may receive can be used to pay off these charges, but any amount charged that exceeds your financial aid will be owed by you to Park University. Vouchers have no cash value and can only be used to purchase textbooks for classes that you are enrolled in.  The total purchased book charge will be added to your student billing statement. You are responsible for all book charges, changing your schedule or withdrawing from courses will not remove the charges from your student account statement. By redeeming the Book Voucher, you agree to pay for any bookstore charges.

How do I know if I have received a Book Voucher?

Book Vouchers are sent to you in 2 different emails directly to your Park University email (student@park.edu). First, you will receive an email from Park University alerting you to your eligibility to receive a Book Voucher. Secondly, an email will come containing your unique Book Voucher ID Number, which is required to redeem your Book Voucher.

Be sure to check your junk or spam folder since some email providers route these emails into your junk/spam folder.

How much will I receive in a Book Voucher?

The amount depends on the expected amount of financial aid funding remaining after all charges are paid but will not exceed $55 per credit hour enrolled (for a full-time enrolled student taking 15 credit hours for Fall/F1 start, $55 x 15 = $825 max).

Changes made to your enrollment, charges added to your account, or changes made to your financial aid offer may impact the amount you will owe after utilizing the Book Voucher.

Vouchers have no cash value and can only be used to purchase textbooks for classes that you are enrolled in.  The total purchased book charge will be added to your student billing statement. You are responsible for all book charges, changing your schedule or withdrawing from courses will not remove the charges from your student account statement.

Do I need to show the Voucher at the bookstore?

No, the bookstore located on Park University’s Parkville campus uses kiosks for you to order your books online and use your Book Voucher on the website by inputting your student ID and your Book Voucher ID numbers. Books are then shipped directly to your address.

Do I have to spend it all at once?

Yes, please plan to purchase all of your required texts when you redeem the Book Voucher.

What if I don’t spend the full amount of my Book Voucher?

You will only be charged for the amount that you spend at the Park University Bookstore. Any remaining financial aid credit after all tuition, fees, on-campus housing charges, and book store charges will be refunded to you no earlier than 10 days after the start of the term.

What happens if my Book Voucher expires?

Book Vouchers are offered as early as possible to students who meet the eligibility criteria for that term. Each Voucher expires at the end of the 4th day of the semester (Thursday of start week). If you do not use your Book Voucher before the expiration, you will need to purchase books out of pocket. Any remaining credit after your financial aid is applied to your charges will be refunded to you via direct deposit or paper check mailed to your address on file.

Can I rent textbooks with my Book Vouchers?

Yes. You can use your Book Voucher to pay for your textbook rentals.

However, you will still need to provide a credit card to the bookstore at the time of rental. If you fail to return your rented textbook(s) as required, your card will be charged for the purchase of the book(s).

What can I purchase with my Book Voucher?

Required textbooks and supplies and regular shipping charges only.

Supplemental (non-required) items and supplies like pens, pencils, paper, laptops, etc. are not included. Expedited shipping charges are not included.

Where can I use my Book Voucher?

Book Vouchers are issued for use at the Park University Bookstore at https://www.park.edu/life-park/bookstore/. You are not required to purchase their books at the University bookstore. Students have a lot of options for purchasing books online. You may choose to purchase your books at the vendor of your choice using out-of-pocket funds.

What changed with the Book Voucher for 22/23?

In prior years, Book Vouchers were only made available to Pell grant recipients. We understand that having your books at the first of class is important for your success. We also understand that students may not have personal funding available to purchase their textbooks prior to the start of the term. To help, we have expanded eligibility to include both Undergraduate and Graduate students who have an anticipated credit balance after your financial aid has been applied to your tuition, fees, on-campus housing, and other charges to your Park University bill. Vouchers have no cash value and can only be used to purchase textbooks for classes that you are enrolled in.  The total purchased book charge will be added to your student billing statement. You are responsible for all book charges, changing your schedule or withdrawing from courses will not remove the charges from your student account statement.

Vouchers have no cash value and can only be used to purchase textbooks for classes that you are enrolled in.  The total purchased book charge will be added to your student billing statement. You are responsible for all book charges, changing your schedule or withdrawing from courses will not remove the charges from your student account statement. By redeeming the Book Voucher, you agree to pay for any bookstore charges.

Schedule for using your book voucher for online and campus center students

The financial aid office will begin sending book vouchers to eligible students two weeks before the start of the term. Book vouchers expire at midnight on the last day to drop and/or add classes.  This is always on Thursday on the first week of the term.  If you fail to use your book voucher by the deadline, you will need to purchase your book(s) using another method of payment. To be eligible you must have your financial aid complete, be expecting a refund on your student account and be confirmed in your classes.

Schedule for using your book voucher for Parkville and Gilbert students

The financial aid office will begin sending book vouchers to eligible students two weeks before the start of the Fall and Spring semester. Students should enroll in all courses in any combination FA (16 week), F1 (8 week) and F2 (8 week) sessions. Students will be issued one book voucher for the fall term and spring term and should purchase all books for the entire semester. To be eligible you must have your financial aid complete, be expecting a refund on your student account and be confirmed in your classes.

Federal Grants

Federal Pell Grants are awarded to undergraduate students with exceptional financial need as determined by the FAFSA application and have not yet earned a bachelor’s, graduate, or professional degree.

Federal Supplemental Educational Opportunity Grant (FSEOG) is awarded to undergraduate students who have exceptional financial needs and who have not yet earned a bachelors degree, graduate or professional degree. Federal pell grant recipients receive priority.  FSEOG funds are limited and not all eligible students will receive funding.

Teacher Education Assistance for College and Higher Education (TEACH)

  • For undergraduate, post baccalaureate, or graduate students who are enrolled in programs designed to prepare them to teach in an in-demand field at the elementary/secondary school level, you must agree to serve for a minimum of four years (within eight years of completing or ceasing enrollment in the program for which the student received the grant funds) as a full-time teacher in a school or educational service agency that serves low-income students.
  • Students must attend a participating school and meet certain academic requirements.
  • Failure to complete the teaching service commitment will result in the grant being converted to a Direct Unsubsidized Loan that must be repaid.

Student LOANS

Apply for student loans:

  1. Complete Your MPN (Master Promissory Note) at Direct Loans 
  2. Complete an Entrance Interview
  3. Complete the Annual Student Loan Acknowledgment | Federal Student Aid
  4. Exit Counseling
  5. Student Loan Repayment Options
  6. Avoiding Default

REFUNDS

Students, who receive more in financial aid than the charges on their student account, may receive a refund. In cases of a refund, students should complete a Direct Deposit form. Further instructions may be provided if a student is awarded a scholarship that is in conflict with a refund. (i.e.: Kansas City Scholars)

COORDINATION OF FINANCIAL ASSISTANCE

Any financial aid award is subject to review based on assistance received from outside sources. All sources of aid, with the exception of VA benefits, are regarded as estimated financial assistance and must be included in the financial aid award.

NEW STUDENT Resources

 FORMS AND WORKSHEETS

Park University is accredited by the Higher Learning Commission.

Park University is a private, non-profit, institution of higher learning since 1875.