The Drexel University Earle Mack School of Law understands applicants face many
challenges in financing a legal education. This page details the merit awards,
private loan
options, and additional funding sources Drexel Law has assembled to help its
students over financial hurdles and into the classroom.
Tuition,
Expenses, and Fees
Law students are strongly advised not to work during their first
year of studies. Therefore, it is essential to plan a realistic budget.
Below are the current tuition rate and fees for study within the
Earle Mack School of Law. Tuition: $32,200
Fees: $721
Disclaimer
Tuition and fee rates, which are established annually by the University's
Board of Trustees, are subject to change without notice. For the
most updated information, contact the Office of Student/Bursar at
215-895-1445.
Admission
and Scholarships
We pledge to offer our students an outstanding legal education. Our
diverse faculty has exceptional qualifications; our curriculum is
rich in breadth and depth; and our library and physical facilities
are among the most modern and technologically advanced in the nation.
We
seek students whose academic and personal qualifications
are of the highest order and who will become leaders in the
legal profession and the community. To ensure we reach that
goal, we carefully review the academic record, Law School
Admission Test (LSAT) scores, and college and community activities
of every applicant, as well as the recommendations of those
who know each individual's accomplishments and potential.
We give substantial consideration to ensure that our student
body reflects the diversity of our community in order to
serve it best.
Scholarship
awards will be made with your admission decision, so you
will have ample time to plan how you will finance your education.
Drexel
Alumni Scholarships
Drexel
offers special incentives for our alumni. Complete your Juris
Doctor degree at Drexel and we will support your choice with
the Drexel Alumni Scholarship. The program provides you with
a $1,000 grant each year of full-time study.
Scholarships
Note
You
may receive one or more Drexel scholarships, however, the
total of all Drexel scholarships cannot exceed the cost of
full tuition.
Federal Loans:
Free Application for Federal Student Aid (FAFSA)
To receive a Stafford Student Loan and other types of need-based
aid, you must complete the Free Application for Federal Student Aid
(FAFSA). The best way to complete the application is via the Internet
at www.fafsa.ed.gov.
Enter "Drexel
University" and Drexel's school code number 003256 on
the FAFSA.
Federal
income tax forms are not required with the FAFSA, although
you may be required to supply copies of your income tax forms
at a later date.
If
you intend to enroll in the fall, complete the FAFSA as soon
as possible after January 1 but before May 1.
Subsidized
Federal Stafford Student Loan
A subsidized loan is awarded on the basis of financial need. No interest
is charged until you begin repayment, or during authorized periods
of deferment. The federal government subsidizes the interest during
these periods. A law student may borrow up to $8,500 per year. The
current interest rate is fixed at 6.8 percent.
Unsubsidized
Federal Stafford Student Loan
The Unsubsidized Federal Stafford Loan is a federal student loan
available to students who do not qualify for the subsidized loan.
An unsubsidized loan is not awarded on the basis of need. You will
be charged interest from the time the loan is disbursed until it
is paid in full. If you pay the interest as it accrues, you will
pay less in the long run. The Unsubsidized Federal Stafford Student
Loan can be issued for the full amount of eligibility, or in combination
with a (subsidized) Federal Stafford Student Loan. Law students may
borrow up to $12,000. Law students who do not qualify for a subsidized
loan can borrow up to $8,500 in additional unsubsidized amounts.
Graduate
PLUS Loan
The Graduate PLUS Loan is a loan made available to graduate and professional
students who have exhausted their Stafford Loan eligibility for the
academic year or who have reached their aggregate limit and meet
the necessary requirements for the program.
To
be eligible for the Graduate PLUS Loan, students must meet
the following criteria:
-
File the FAFSA
- Exhaust Stafford Loan eligibility
- Be a U.S. citizen or eligible non-citizen
- Not be in default on an educational loan
- Must be credit worthy
- Must be accepted at a participating school
- Must be enrolled on at least a part time basis
- Must be making satisfactory academic progress
To apply for a PLUS Loan, please complete
the Request Form for Federal PLUS Loan and return it directly to
the Student
Resource Center/Financial Aid Office.
Private
Education Loan
A private education loan is a credit-based consumer loan that can
be used to pay any education-related expenses, including tuition
and fees, books, and transportation. When the lender has determined
if the student meets the approval criteria, the lender will contact
Drexel for the school certification. After the certification has
been provided, the lender will issue a disclosure statement detailing
the loan agreement. If you request to borrow an amount that exceeds
eligibility, Drexel will reduce the requested amount to comply with
federal guidelines.
Additional Funding Sources:
Additional Benefits for Veterans
If you are a veteran who served on continuous active duty for 181
days or more after January 31, 1955, you may be eligible for educational
benefits under the Montgomery G.I. Bill. If you are the dependent
of a veteran who died or is permanently disabled as a result of service
in the armed forces, you may also be eligible for educational benefits.
Contact your local Department of Veteran Affairs office for details.
Non-Drexel
Scholarships and Grants
You may be eligible for a specialized scholarship or grant from an
outside agency. Some sources to explore include employers, unions,
professional organizations, and community and special-interest groups.
Scholarship
Search Engines
The following free scholarship search engines provide information
on thousands of scholarships as well as information on financial
aid and money management.