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Financial Aid Process

Prospective Medical Students

We are excited that you are considering joining the Drexel University College of Medicine.

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

How is Drexel's Cost of Attendance Determined?

So how much does an investment in a medical education at Drexel cost? Take a look at the breakdown of the average first-year costs for the MD program. These figures are based on the cost of attendance for the 2017–2018 academic year and are prior to financial aid being applied.


Med 1
Tuition $56,126
University Fees $1,620
Orientation Fee  $103
Loan Origination Fee  $458
Books  $1,500
Computer & iPad $1,190
Instruments & Equipment  $200
Health Insurance  $2,290
Disability Insurance  $51
Personal $2,790
Room and Board $14,930
Transportation $5,120

Applying for Financial Aid

Here are the quick and easy steps we recommend for applying for financial aid:

Free Application for Federal Student Aid (FAFSA)

The FAFSA is used to determine your eligibility for federal loans and institutional scholarships. The 2018–2019 FAFSA can be completed online starting October 1, 2017. Learn more about filing the FAFSA.

Scholarship Opportunities

The Drexel College of Medicine offers a number of scholarships to medical students each year based upon a variety of factors including field of study, personal characteristics, past academic accomplishments, loan debt, and parents' financial information.

In order to be considered for scholarships, you must complete the following:

  • Complete a Free Application for Federal Student Aid (FAFSA) and include your parents' personal and financial information. If you already completed your FAFSA but did not include parental information, you should update your 2018–2019 FAFSA application with information about your parents.
  • Complete an online scholarship application on the Drexel College of Medicine Scholarship website, available in December 2017.

The deadline for prospective students to apply for these scholarships is April 1, 2018.

Financial Aid Package for Admitted Students

Information during the entire financial aid process, including the status of your financial aid applications and a detailed list of any aid you may be offered, will be available on Discover Drexel, in the "Financial Aid" tab, after you are admitted to Drexel. Discover Drexel will also provide you with information about additional financing options you may be able to utilize to cover any costs not covered by financial aid, such as the Direct Graduate PLUS Loan, payment plans, and private education loans. Once you submit your admission application to Drexel, you will be provided with login credentials for Discover Drexel.

Requirements

You may notice a list of outstanding financial aid requirements in the "Financial Aid" tab of Discover Drexel. You should only begin completing these requirements after you have confirmed your enrollment with Drexel, unless Drexel Central advises you to complete them sooner.

Next Steps for Confirmed Students

Now that you've confirmed that you want to attend Drexel, we are so excited to have you join us!

In order to be prepared to attend Drexel, you should review the following important information:

  • Medical Student Financing Resources – There are several different financing options that may be available to you, including payment plans and private education loans.
  • Student Billing – Learn about Drexel's electronic monthly billing statement (eBill), refunds, and payment options.