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Institutional Loan Programs

Drexel University has several institutional loan programs that are reserved for students with extenuating circumstances and who meet specific criteria. Drexel Central will make determinations on a case-by-case basis for students who request a re-evaluation of financial assistance regarding eligibility for an institutional loan.

While each institutional loan program is different, there are several commonalities:

  • Student must demonstrate significant financial need and be unable to utilize Direct PLUS or Private Education Loans or other financing options to pay an outstanding balance
  • Certain colleges/majors are required for specific institutional loans
  • Interest rates vary between 5% and 8%
  • Repayment begins after your enrollment has ended
  • Interest does not accrue until the start of your repayment period

If you are selected to receive an institutional loan, you will be contacted by Drexel Central with further information.