by our College Data Analytics TeamMany students will not be asked to pay the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The price tag of going to Drew University can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
Just what financial aid solutions can Drew provide, and just what are you going to be eligible for? Keep reading for answers. Keep scrolling to learn just how much financial aid will be open to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. The figures below will help you estimate the aid you might receive from Drew University.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
At Drew University, 97% of the incoming full-time class was awarded financial aid approximately 393 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 97% | $36,807 |
| Institutional grants & scholarships | 97% | $30,470 |
| Federal Pell grants | 39% | $5,851 |
| State/local grants | 31% | $11,758 |
| Federal student loans | 53% | $5,218 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. Across the undergraduate body at Drew, some 90% of undergraduates were awarded an average grant or scholarship of $31,531 (across roughly 1462 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 90% | $31,531 |
| Federal Pell grants | 29% | $5,798 |
| Federal student loans | 45% | $6,245 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $41,021.
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 | $15,376 |
| $30,001 – $75,000 | $19,989 |
| Over $75,000 | $32,475 |
Each figure is the net price after grants and scholarships, not the published sticker price.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $24,280 |
| Off-campus title-IV students | $25,644 |
For a personalized estimate based on your family’s financial situation, use Drew’s NPC: www.drew.edu/financial-aid/cost-calculator/.
The median federal debt load at Drew comes to $21,000 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $21,000 |
| Median federal debt (graduates only) | $25,288 |
| Typical 10-year monthly payment (graduates) | $268.09/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
The median alone does not show how widely outcomes vary across the student body. The percentiles below describe the cumulative federal debt distribution for borrowers at Drew.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $10,500 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $31,000 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $19,500 |
| Middle income | $23,000 |
| High income | $21,000 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $22,091 |
| Continuing-generation students | $20,175 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $21,250 |
| Independent students | $16,500 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Drew.
Stafford loans make up the bulk of federal direct lending to undergraduates. The aggregate figures below show how active the program is at Drew:
| Metric | Value |
|---|---|
| Stafford loan recipients | 5528 |
| Total Stafford loan amount | $133,482,562 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 5 |
| Total GI Bill amount | $73,713 |
| Average GI Bill amount per recipient | $14,743 |
References
More about our data sources and methodologies.