Drexel University
Philadelphia, Pennsylvania
Private
Recent News
Admissions Policies
Deposit & decision deadline (class of 2024)
May 1
Test-optional admissions ('20-'21)
Yes
Paying for Drexel University
Drexel University provides merit and need-based assistance to its students along with other types of financial assistance including need-based grants, loans, federal work-study opportunities, fellowships, assistantships, and scholarships. Besides the merit scholarships listed above, the university also provides Drexel Legacy Scholarship to children and grandchildren of Drexel University Alumni as well as a variety of athletic, ROTC, and Phi Theta Kappa.
Other options for financial assistance at Drexel include tuition remission opportunities for employees and their spouses and dependents, outside private scholarships, financial resources for veterans including Yellow Ribbon Program where Drexel matches the government’s contribution to your education for eligible veterans and dependants, and the Tuition Exchange Program where students from other national universities can take advantage of a Drexel University education with benefits as outlined through this program.
Drexel’s Net Price Calculator helps calculate the cost of attendance for prospective students.
Financing Options are available through Drexel as well as pages dedicated to undergraduate financial resources and international students financial resources. The Financial Aid page includes an undergraduate financial checklist, another tool to help students and families to prepare for their Drexel University education.
A couple of financial literacy learning opportunities are offered including the Drexel University LeBow School of Business that provides a 4-credit personal finance course. In addition, there is a Campus Resource Group called Women’s Financial Literacy & Learning that helps empower women to take control of their financial lives and is sponsored by the Office of Equality and Diversity and the Women's and Gender Studies Program. This program meets monthly.
Occasional events are hosted to help boost financial literacy and provide education through the Drexel University Graduate College Coffee Hour Seminar Series.
The Health Services page on the Drexel University website provides information on a Peer Counseling program. Students can be trained to become a peer counselor or use the service for free. Although this is not a resource that is only dedicated to financial issues, it is a resource offered by Drexel to help students reach out during stressful times and situations. These types of situations can include financially-based stressors.
Drexel University Cost Breakdown
The total cost of attendance includes tuition and fees, books and supplies, and living expenses.
Tuition (in-state)
$54,516
Tuition (out-of-state)
$54,516
Room and board
$14,241
Books and supplies
$1,700
Fees
$2,370
Other
$1,200
Drexel University Financial Aid
The average student pays this amount per year.
Percentage of freshman students who receive some form of financial aid.
This school's financial aid meets 74 % of student's demonstrated need.
Drexel University Merit Scholarships
The average Drexel University merit scholarship for students without financial need
of Drexel University students without financial need receive a merit scholarship
Drexel University offers a variety of merit-based scholarships to its incoming freshman. Some scholarships, such as the Drexel Merit Scholarship opportunity is determined during the admissions process. The Westphal Portfolio Scholarship is also determined during the admissions process and students are automatically evaluated if they applied to an academic program that required a portfolio submission. The portfolio will be used as part of the evaluation process. Additional merit scholarships that are offered are the Global Scholars Program Scholarship and the Drexel Liberty Scholarship. These require separate applications that can be accessed on the Discover Drexel page. There are a variety of specialty merit-based scholarships as well and they are listed here. Scholarships are applied each semester as long as students maintain a full-time status and at least a 2.75 GPA.
Drexel University Average Cost
Very few students pay the full price. Here's the average cost for students in different income brackets:
Drexel University Financial Health
Resources
Endowment (2019)
$813,685,168
Endowment per enrolled student (FTE)
$39,849
Drexel University Online Education
Share of Students Studying Online (Graduate and Undergraduate)
Equity
Likelihood that a student moved up two or more income quintiles.
Percent of first-time students receiving Pell Grants.
This is lower than the national average 31.0%
Relative to the market of potential students
Underrepresented
Black
Hispanic
Representative
Native American
Hawaiian
White
Multi-racial
Overrepresented
Asian
Drexel University Student Loans
The average student takes out this amount in student loans.
The percentage of students that repay their loans within 5 years.
The percentage of students that repay their loans within 7 years.
The percentage of families that default on their loans after 3 years.
Drexel University After College Salaries
After graduation, here's how the average salary of a Drexel University graduate grows over time:
Drexel University Admissions
SAT range:
1170 - 1380
ACT range:
25 - 30
Application fee:
$50
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About Our Data
The data and analysis above is sourced from the following reliable third party sources:
- - US Department of Education
- - ACCEPT: Admissions Community Cultivating Equity & Peace Today (deposit deadlines)
- - FairTest (testing policies)
- - National Association of College and University Business Officers (NACUBO) (endowment data)
- - National Center for Education Statistics
- - Opportunity Insights at Harvard University (mobility rates)
- - Peterson's
- - Public college-maintained websites
- - State Higher Education Executive Officers Association (SHEEO) (state funding data)
- - Urban Institute (racial representation data)
For more information, visit our Data page.
Our Financial Health information is designed to provide you with financial data on the private colleges you are considering. Our Post-Covid Resiliency Ratings are based on a data model described in more detail here as well as information from the independent third party sources we list above. Keep in mind, there may be additional public or private data which may make a college or university more or less financially resilient. We recommend that you request the most current financial information from the college or university you are considering so that you will have the most complete and current information available while evaluating the financial health of the institution and to inform your decision making process. All information and data we provide on this site is for informational purposes only and is not an endorsement, guarantee or other recommendation, whether favorable or unfavorable, regarding a particular institution. We make no representation or warranty regarding the information, all of which is provided free of charge and for informational purposes only.