Prospective Freshmen Financing Information for 2014-2015
We are delighted that you are considering a Drexel education, and we know that there are many factors to consider in the college selection process, not the least of which is the financial investment you are soon to make. We realize that a college education has become a significant expense for most families and requires careful planning. Whatever your financial situation is, we encourage you to use this information to help you understand college funding so you can navigate the financial aid process with greater ease.
Estimated Cost of Attendance for 2014-2015
The chart below reflects estimated an cost of attendance for a full-time undergraduate student starting as freshman in the 2014-2015 academic year based on 2013-2014 current costs. The cost of attendance is made up of two different costs: Direct and In-direct. Direct costs are those that Drexel will bill you for and include tuition, fees, university housing and dining plans (room and board). In-direct costs are not charged to you by the university, but rather are costs that you may incur as a result of attending Drexel.
|Room and Board *
|Total Direct Costs
|Books and Supplies
|Total In-direct Costs
|Total Cost of Attendance
* Room and board costs are based on 2013-2014 rates for three quarters of average university housing and dining plans.
You can view more estimated information about billing at the Drexel Central Quarterly Billing for Prospective Students page.
Note for International Students: International students can subtract their academic award from the total amount above that must be shown in the bank statements, as explained on the I-20/DS-2019 Application Form.
Steps to Applying for Financial Aid
- Complete the Free Application for Federal Student Aid by Drexel's priority FAFSA deadline of February 15, using Drexel's Federal School Code - 003256 in order to be considered for all available funding. Information about the FAFSA and how to file can be found at the Drexel Central's FAFSA page.
- Start searching for private scholarships (use only free search engines):
- Perform a credit check on yourself and a parent or guardian to determine the credit worthiness of you or any potential co-signer. Use one of the free services offered by the three credit bureaus:
- Plan for your move to campus. If you don't live close to Drexel, you may have moving costs. These costs are not covered by financial aid.
Financial Aid Award Notices
Financial aid award notifications are sent to students after they have been accepted to the university. The first financial aid award notification will be mailed to your permanent address on file and be available as a PDF on the Discover Drexel Portal. Any subsequent financial aid notification will be available as a PDF on the Discover Drexel Portal only.
If you have a CSS Profile or FAFSA on file at the time of your acceptance to the university, your initial financial aid award package will include any federal, state and need-based institutional financial aid you are eligible for.
Types of Financial Aid
Scholarships and Grants
Scholarships and grants are gift aid that do not need to be repaid. There are many kinds of scholarships and grants available to students. They may take the form of university scholarships, federal, state or institutional grants, or scholarships from private organizations.
A student's financial aid package may also include federal student loans. These types of awards need to be repaid. The federal government offers several low-interest loan programs for students based upon financial need and status. Additionally, parents of dependent undergraduate students may be eligible to receive the credit-based Parent PLUS Loan.
Students who have demonstrated financial need may be awarded Federal Work-Study funds as part of the financial aid package. These funds are earned on an hourly basis through employment by approved Drexel Work-Study positions.
Drexel Central is the one-stop location for all student financial and registration services, including information about financial aid, billing and registration. You are welcome to visit in-person, call or e-mail Drexel Central for any of your financial or billing questions. Please visit the Contact Us page for more information about how to contact Drexel Central.
Financial Aid TV
You can watch short, informational videos on a wide range of financial aid topics at the Drexel FA TV site.
Net Price Calculator
Drexel's Net Price Calculator can be used to estimate potential financial aid.
Federal Student Aid Website
The federal government has many useful resources to help you with college selection and financial planning at the Student Aid website.
Financing Options Guide
Drexel Central has created this Financing Options Guide to assist you with financial aid and the different ways to help you afford a Drexel education.