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Financial Information for Prospective Graduate Students

2014-2015 Academic Year

Cost of Attendance

The first item to you will want to review is the cost of attendance. 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.

You can view more 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.

Applying for Financial Aid

  1. Complete the Free Application for Federal Student Aid making sure to use Drexel's Federal School Code - 003256. Information about the FAFSA and how to file can be found at the Drexel Central's FAFSA page.
  2. Complete and submit to Drexel the Institutional Financial Aid Application so that Drexel can create a financial aid package for you based on your expected enrollment. (Please note that the following programs do not require an institutional financial aid application: Master's of Public Health, Physician's Assistant, Doctor of Physical Therapy, Master's of Couples and Family Therapy, Laboratory Animal Science, Pathology Assistant, Master's in Biological Science, Interdepartmental Medical Science, Drexel Pathways to Medical School, Drexel Pathways to Medical School 2, Medical Science Preparatory Program, Master's in Medical Science, Interdisciplinary Health Sciences, and Master of Forensic Science).
  3. Start searching for private scholarships using one of Drexel's recommended search engines.
  4. 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:
  5. 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.

Types of Financial Aid

  • 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 and grants, or scholarships from private organizations.
  • Federal Loans are 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.
  • Federal Work-Study are funds are earned on an hourly basis through employment by approved Drexel Work-Study positions. This funding is provided to students with demonstrated financial need from the federal government.

Special Circumstances

Drexel understands that the information provided on the FAFSA does not also truly reflect a families' financial situation. For those students whose family is experiencing special circumstances, there is a process to consider re-evaluating the financial aid offered. To learn more about the process and who is eligible to apply, please visit the Financial Aid Re-evaluation page.

Resources