by our College Data Analytics TeamThe total cost of attendance at Drexel University can seem overwhelming, but remember that the majority of students receive some sort of financial assistance. This could be in the form of scholarships, grants, work-study, or loans.
Interested in understanding the financial aid resources available at Drexel and your eligibility? Find the answers you seek below.
$30,449.00 is the typical Drexel University’s first year financial aid package. Financial aid is provided to about 100% of first-year students, with the bulk of support coming in the form of grants and scholarships.
Student loans come included in financial aid packages, however, the only true discount off of the price of college is a grant or scholarship that you do not need to pay back.
Student debt really should be considered to be an added expense and not as “aid” or a “discount”. Find more about student loan debt at Drexel University.
Institutional scholarships and grants refer to financial aid provided directly by a college or university to support students in covering their educational expenses. These awards can be either merit-based or need-based and do not require repayment. Merit-based institutional scholarships reward students who have demonstrated exceptional academic achievements, talents, or skills in specific areas. Such scholarships often take into account a student’s high school performance, standardized test scores, or extracurricular activities. On the other hand, need-based institutional grants are allocated to students who exhibit financial need. The amount awarded is usually determined by the student’s family’s financial circumstances and aims to cover the difference between the cost of attendance and the family’s capacity to pay. To assess eligibility for need-based grants, colleges and universities may use information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants play a crucial role in assisting students, as they can considerably lower the cost of college and make higher education more attainable.
The numbers listed below make reference to help that is offered by Drexel University.
100% of new students (3159 total) were offered scholarships at Drexel University, averaging $28,226.00 per person. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 29% of first years (931 total) were awarded federal grant aid, averaging $5,510.00 each.
The following table displays scholarship and grant allocations by family income for freshman students receiving any kind of federal Title IV assistance, such as Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 13.10% | $44,889.00 |
| Income 30k-48k | 7.40% | $40,399.00 |
| Income 48k-75k | 7.75% | $35,476.00 |
| Income 75k-110k | 9.40% | $31,835.00 |
| Income 110k + | 25.34% | $25,448.00 |
The table above shows undergrads who are getting Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
Of the 3161 undergraduate students at Drexel University around 100% (3159 total) receive some form of grant aid. The typical amount awarded was $30,449.00.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.