by our College Data Analytics TeamThe majority of students are not billed the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The total price of attendance at Drexel University can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
Just what financing solutions does Drexel provide, and just what are you going to be eligible for? Keep scrolling for answers. Scroll down to see what amount of financial assistance could be accessible to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. The information provided on this page can help you determine how much aid you may receive from Drexel University.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
At Drexel University, 100% of first-year full-time students received aid of some kind some 2844 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $35,051 |
| Institutional grants & scholarships | 100% | $32,004 |
| Federal Pell grants | 31% | $6,173 |
| State/local grants | 19% | $4,815 |
| Federal student loans | 58% | $5,213 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At Drexel, some 92% of undergraduates were awarded an average grant or scholarship of $29,045 (among about 12512 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 92% | $29,045 |
| Federal Pell grants | 27% | $5,763 |
| Federal student loans | 49% | $6,430 |
For on-campus title-IV students, average grant aid came to $38,326.
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 | $28,518 |
| $30,001 – $75,000 | $32,895 |
| Over $75,000 | $45,333 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $38,509 |
| Off-campus title-IV students | $38,428 |
To get a personalized net price estimate, try Drexel’s net price tool: drexel.edu/drexelcentral/finaid/prospective-students/net-price-calculator/.
The median student at Drexel graduates with $20,204 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $20,204 |
| Median federal debt (graduates only) | $25,325 |
| Typical 10-year monthly payment (graduates) | $268.49/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
The numbers below show the full range, not just the middle of the distribution. The four reference points below map the debt distribution at Drexel.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,157 |
| 25th percentile | $9,800 |
| 75th percentile | $30,125 |
| 90th percentile (highest-debt students) | $33,998 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $19,039 |
| Middle income | $21,369 |
| High income | $20,296 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $20,550 |
| Continuing-generation students | $19,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $21,500 |
| Independent students | $16,559 |
The figure below distills the debt data into a single burden category for Drexel.
Stafford loans are the federal government’s primary direct undergraduate lending program. The totals below capture Stafford lending at Drexel:
| Metric | Value |
|---|---|
| Stafford loan recipients | 67534 |
| Total Stafford loan amount | $2,210,300,738 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 216 |
| Total GI Bill amount | $5,741,418 |
| Average GI Bill amount per recipient | $26,581 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 6 |
| Total DoD amount | $18,622 |
| Average DoD amount per recipient | $3,104 |
References
More about our data sources and methodologies.