Financial Aid Terms and Conditions for Graduate and Professional Students

In addition to reviewing the information on this page, all students are required to confirm they have read and understand the terms and conditions each year via their outstanding financial aid requirements listed in DrexelOne.

Reviewing Your Financial Aid Information

Carefully review your financial aid award information and all subsequent information Drexel sends you. You can view your financial aid information online:

Financial aid information is listed for only the academic year indicated. Please check renewability requirements to determine what steps are needed in order to remain eligible or re-apply for financial aid for future years.

Domestic students should file a renewal FAFSA for every year they will attend Drexel.

How Your Aid Eligibility Was Determined

Federal and state financial aid programs are awarded to eligible students who demonstrate "financial need" as determined by the FAFSA. Financial aid packages will vary based on number of applications received by the University's published deadline, number of students applying, and availability of funds; as well as by institutional, federal, state, and University guidelines.

Cost of Attendance
- Expected Family Contribution (EFC)
______________________________
= Financial Need

  • Cost of Attendance is the total amount it will cost you to go to school for one academic year and includes tuition, fees, allowance for books, supplies, transportation, housing and food, and personal and miscellaneous expenses.
  • Expected Family Contribution (EFC) is the number that is used to determine your eligibility for financial aid. This number results from the financial information you provided on your FAFSA application. The formula used to calculate the EFC was established by the federal government. View detailed information about the EFC calculation.

Understanding Your Financial Aid Awards

Changes to Your Financial Aid

Drexel reserves the right to update your financial aid package at any time in accordance with all federal, state, and institutional policies or guidelines. You will receive email notification if there is any adjustment to your financial aid. 

Some of the most common reasons for an adjustment to your financial aid are listed below:

Changes to Enrollment

Your initial financial aid award is based on your matriculation status at Drexel and your projected enrollment status as either a full-time or a part-time student. If you have questions about the impact of changes to your enrollment status, please contact Drexel Central.

A complete withdrawal from a term may result in the partial or full cancellation of your financial aid awards. For more information on this process, please see the Return of Financial Aid Policy.

Changes to Housing Status

It is important that you notify Drexel Central of any change to your housing status. If you completed a Free Application for Federal Student Aid (FAFSA), you should also update the housing status listed on your application. The three housing statuses are:

  • Living in a Drexel residence hall (also referred to as on campus)
  • Living in a private apartment/house (also referred to as off campus)
  • Living with parents or a relative (also referred to as commuting)
Additional Funding Sources  It is your responsibility to notify Drexel Central about additional financial resources or aid you will be receiving. This includes tuition remission as well as University or non-University awards such as academic merit scholarships, outside scholarships, and grants. These awards may affect your current financial aid package and eligibility for funding (i.e., University-based, federal, and state grants; federal student loans).
Maintaining Satisfactory Academic Progress

Academic records are reviewed at the end of every academic year to determine current academic progress. Future eligibility for certain financial aid awards is based on maintaining satisfactory academic progress. Please read the guidelines carefully to prevent loss of future aid eligibility.

View more information about Satisfactory Academic Progress.

Paying your bill

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