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Financial Information for Prospective Graduate Students

2014-2015 Academic Year

We are excited that you are considering Drexel for your graduate education!

We have created an easy step-by-step process to explain financing at Drexel.

Please select the type of student you are for more information.

US Citizens and Permanent Residents

Step 1: The Financial Aid Basics

There are many important factors to financing your education; the most essential is to understand personal finances so that you make the best decisions. Drexel recommends that prospective students review the information prepared by the National Endowment for Financial Education: "40 Money Management Tips." This information is important to know no matter where you decide to go to school!

Different Types of Financial Aid

The first financial aid distinction you need to be aware of is the difference between need-based and non-need-based aid.

  • Need-Based Aid - Financial aid awarded to students who have demonstrated that they and their families require financial assistance to pay for their education. This is determined from the information reported on the Free Application for Federal Student Aid (see Step 3).
  • Non-Need-Based Aid - Financial aid awarded students regardless of whether they have demonstrated financial need.

There are several different sources of financial aid, and it is important to know where your awards are coming from.

  • Drexel University - Drexel offers financial aid in the form of scholarships and incentive awards.
  • Department of Education - The federal government offers loans and work-study funding.  
  • Private Organizations – Private organizations such as religious institutions and businesses sometimes offer scholarships and grants.

Click on the links below to find more detailed information about financial aid:

Step 2: Understanding the Cost of Attendance

The cost of attendance is made up of two different costs: direct and indirect. Direct costs are those that Drexel will bill you for, while indirect costs are not charged to you by the University, but rather are costs that you may incur as a result of attending Drexel.

Direct Costs

  • Tuition
  • Fees

Indirect Costs

  • Room and Board
  • Books and Supplies
  • Travel
  • Personal Costs

The chart below illustrates the cost of attendance for one term for graduate students. 

  Quarter 
Tuition *

Per Credit

Fees **

$280

Room and Board  

$3,333

Books and Supplies $1,070
Travel $1,266
Personal Costs

$822

Total $6,771

*Graduate students are charged per credit. The tuition rate is dependent upon the program you enroll in. You can review 2014-2015 graduate per credit rates at the Billing Information page.

** Some graduate programs have specific fee amounts.

Step 3: Complete Financial Aid Applications

Free Application for Federal Student Aid (FAFSA)

The Free Application for Federal Student Aid is used to determine your eligibility for federal loans.

  • You can review the instructions for completing the 2015-2016 FAFSA and start the application any time after January 1, 2015 at the FAFSA website.
  • Drexel's FAFSA school code is 003256.

Drexel strongly encourages students to complete the FAFSA at the same time as their admissions application to ensure that a financial aid package is completed for you in a timely manner. If you have already completed a 2014-2015 FAFSA for another institution, you will need to log back into the FAFSA website and add Drexel's school code to your application.

Institutional Financial Aid Application

In addition to the FAFSA, most graduate programs require that an Institutional Financial Aid Application be completed. The form allows Drexel to create your cost of attendance and financial aid eligibility based upon your projected enrollment.

The following programs do not require an Institutional Financial Aid Application:

  • Master's of Public Health
  • Physician Assistant full-time program
  • Doctor of Physical Therapy
  • Master's of Couple and Family Therapy full-time program
  • Laboratory Animal Sciences
  • 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 Science
  • Master of Forensic and Criminalistic Programs

Private Scholarship Searches

In addition to completing the FAFSA, Drexel strongly recommends that you search for scholarships from private organizations and sources that can help you supplement the financial aid offered by Drexel and the Department of Education.

Drexel recommends you use one of the following search engines when looking for private scholarships:

  1. College Board
  2. FastWeb
  3. FinAid
  4. FindTuition

Step 4: Review your Financial Aid Award Notifications

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.

Drexel understands that the information provided on the FAFSA does not always 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 Re-evaluation page.

International Students

Step 1: The Financial Aid Basics

There are many important factors to financing your education; the most essential is to understand personal finances so that you make the best decisions. Drexel recommends that prospective students review the information prepared by the National Endowment for Financial Education: "40 Money Management Tips." This information is important to know no matter where you decide to go to school!

There are several different sources of financial aid, and it is important to know where your awards are coming from.

  • Drexel University - Drexel offers financial aid in the form of scholarships, grants and incentive awards.
  • Private Organizations – Private organizations such as religious institutions and businesses sometimes offer scholarships and grants.

Click on the links below to find more detailed information about financial aid:

Step 2: Understanding the Cost of Attendance

The cost of attendance is made up of two different costs: direct and indirect. Direct costs are those that Drexel will bill you for, while indirect costs are not charged to you by the University, but rather are costs that you may incur as a result of attending Drexel.

Direct Costs

  • Tuition
  • Fees

Indirect Costs

  • Room and Board
  • Books and Supplies
  • Travel
  • Personal Costs

The chart below illustrates the cost of attendance for one term for graduate students. 

  Quarter 
Tuition *

Per Credit

Fees **

$280

Room and Board  

$3,333

Books and Supplies $1,070
Travel $1,266
Personal Costs

$822

Total $6,771

*Graduate students are charged per credit. The tuition rate is dependent upon the program you enroll in. You can review 2014-2015 graduate per credit rates at the Billing Information page.

** Some graduate programs have specific fee amounts.

Step 3: Complete Financial Aid Applications

Institutional Financial Aid Application

Most graduate programs require that an Institutional Financial Aid Application be completed. The form allows Drexel to create a cost of attendance and financial aid eligibility based upon your projected enrollment.

The following programs do not require an Institutional Financial Aid Application:

  • Master's of Public Health
  • Physician Assistant full-time program
  • Doctor of Physical Therapy
  • Master's of Couple and Family Therapy full-time program
  • Laboratory Animal Sciences
  • 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 Science
  • Master of Forensic and Criminalistic Programs

Private Scholarship Searches

Drexel strongly recommends that you search for scholarships from private organizations and sources that can help you supplement the cost of attending Drexel.

You can view a list of some of the different organizations that offer information on private financial aid sources at the Financing Options for International Students web page.

Step 4: Review your Financial Aid Award Notifications

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.

Drexel understands that the information provided on the FAFSA does not always 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 Re-evaluation page.