Need-Based Aid
We encourage you to apply for financial aid regardless of whether or not you feel you are eligible. This way, we can help you consider alternatives you might not have known existed. Plus, applying for financial aid is easy. We require only one form — the Free Application for Federal Student Financial Aid (FAFSA).
File the FAFSA to Apply for Aid
Next to your application for admission, the FAFSA is the most important application you can fill out. For the fastest and most accurate results, we encourage you to submit the FAFSA online at www.fafsa.gov. The FAFSA can be submitted beginning January 1, and students transferring to Drexel at BCC the following fall should submit it by May 1 to be considered for the maximum amount of aid.
To make sure Drexel's Student Resource Center/Financial Aid Office receives your financial information from the federal government, list Drexel University on the FAFSA. Drexel's Title IV Code is 003256.
For more detailed information about the process, review Drexel's step-by-step guide on how to apply for financial aid.
Need-Based Financing Options
Based on your family's estimated contribution, your financial aid award may include the following types of need-based aid.
Loans
Your financial aid award may include one or more loans. The federal government offers a variety of low-interest loans to both students and parents. This type of aid needs to be repaid.
The most common loans are:
- Federal Perkins Loan
- Federal Stafford Student Loan
- Federal PLUS Loan
Learn more about Loan Options.
Grants
Grants are a form of gift aid that can come from a variety of sources. Need-based grants can be offered by a university, a private organization, or the government at the federal, state, or local level.
Some grants Drexel students are eligible to receive include:
- Federal Pell Grant
- Pennsylvania Grant
Learn more about Scholarships and Grants.
Federal College Work-Study
The Federal College Work-Study program at Drexel is designed to promote the part-time employment of students who have demonstrated financial need and who require the wages from employment to pursue their education.
Employment under the Federal College Work-Study program is awarded as part of the financial aid package. The amount earned will not be applied to the student's tuition, but will be paid to the student through a paycheck. The availability of funds from this program is limited.
Learn more about the Work-Study Program.
A Note on Drexel Co-op
Effective July 1, 2010, any income earned while employed through Drexel Co-op will be excluded when calculating your estimated family contribution (EFC). EFC is used to determine one's level of eligibility for federal and institutional need-based aid.
Learn about the benefits of Drexel Co-op.