Evaluate Your Options
Below is an overview of some of the financing options available to undergraduate students. For in-depth financing information, visit the Drexel Central website.
Scholarships and Grants
Scholarships and grants are gift aid that do not need to be repaid. There are many different kinds of scholarships and grants available to Drexel students. Scholarships and grants can be awarded based on factors such as a student's academic performance, athletic achievement, or financial need. They may be provided by universities, private agencies and organizations, or the state in which a student resides.
The University's merit scholarships — the A.J. Drexel, Dean's Transfer — are granted
for exceptional academic performance. Students who have been awarded a merit-based scholarship are notified in their official acceptance letters.
To view a list of Drexel awards that you may be eligible to receive, visit Drexel Central's Grants and Scholarships page.
A student's financial aid package may also include federal student loans. This type of aid needs to be repaid. The federal government offers a variety of low-interest loans to both students and parents. Families must fill out the Free Application for Federal Student Aid (FAFSA) to qualify.
For more information about the most common loan options, visit Drexel Central's Loans page.
Students who have demonstrated financial need may be awarded Federal Work-Study funds as part of the financial aid package. These funds are earned on an hourly basis through employment in approved Drexel Work-Study positions. The amount earned
is not applied to the student's tuition bill but is paid to the student through a paycheck and is normally used for books, transportation, and personal expenses. Students may not earn more than the amount of their work-study award.
Learn more about the Federal Work-Study program.
Drexel Payment Plan
All students are eligible to participate in Drexel University's Payment Plan. The payment plan allows you to spread payment of tuition, mandatory fees, and room and board over a longer period of time. Plans open at different times and for varying lengths depending on your program. Student accounts will not be assessed monthly late payment fees while enrolled in the payment plan for amounts covered by the plan.
To view payment plan schedules and learn more, visit Drexel Central's Payment Plan page.
Benefits for Veterans
Drexel offers military veterans a variety of tuition benefits and other forms of assistance. Our Veteran Student Services website features information designed to aid veterans in joining the Drexel community, including details on the Yellow Ribbon program, which allows qualified veterans and their dependents to attend Drexel with no out-of-pocket expense.
Travel Tuition Reduction Program
If you plan to visit campus during your college search, you may be eligible to receive up to $500 off your full-time tuition. Through the University's Travel Tuition Reduction program, students are reimbursed expenses related to their Drexel visit. To learn more about this program and its conditions, visit Drexel Central's Incentive Awards page.
A Note on Drexel Co-op
Income earned while employed through Drexel Co-op will be excluded when calculating your Expected Family Contribution (EFC) on the FAFSA; however, you are still required to report your earnings on your FAFSA.
EFC is used to determine one's level of eligibility for federal and institutional need-based aid. Learn more about the Benefits of Drexel Co-op.