Understanding Financial Aid
The following examples illustrate the type of financial aid package a student might receive at Drexel. You'll notice that with scholarships, grants, loans, and payment plans, the cost is significantly reduced. (Figures are based on 2007–2008 tuition, fees, and housing, and meal plan.)
Total Cost – Drexel Financial Aid Package = Out-of-Pocket Cost Per Year
Resident: Three Co-op Option (Five Years)
| |
Breakdown |
Total |
| Total Cost (2007–2008) |
|
$40,705 |
| Tuition |
$27,200 |
|
| Fees |
$ 1,895 |
|
| Housing |
$ 6,950 |
|
| Meal Plan |
$ 4,650 |
|
| Drexel Financial Aid |
|
- $22,000 |
| Merit Scholarships* |
$12,000 |
|
| Grants |
$ 6,000 |
|
| Loans |
$ 4,000 |
|
| Out-of-Pocket Cost |
|
$18,705 |
Monthly Cost with
Nine-Month Payment Plan |
|
$ 2,078 |
Additional Financial Aid:
College Work-Study** |
$ 1,500 |
Resident: One Co-op Option (Four Years)
|
Breakdown |
Total |
| Total Cost (2007–2008) |
|
$47,005 |
| Tuition |
$33,500 |
|
| Fees |
$ 1,895 |
|
| Housing |
$ 6,960 |
|
| Meal Plan |
$ 4,650 |
|
| Drexel Financial Aid |
|
- $26,000 |
| Merit Scholarships* |
$14,000 |
|
| Grants |
$ 8,000 |
|
| Loans |
$ 4,000 |
|
| Out-of-Pocket Cost |
|
$21,005 |
Monthly Cost with
Nine-Month Payment Plan |
|
$ 2,334 |
Additional Financial Aid:
College Work-Study** |
$ 1,500 |
*A number of academic scholarships are available to students who have demonstrated exceptional academic ability.
**Awarded through a paycheck for employment. Refer to Evaluating Your Options for details.