Medical Student Financing Resources
There are several options for financing your medical education at Drexel University, including scholarships and grants. See below for specifics and corresponding resources.
Drexel College of Medicine Scholarships
Drexel University 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. In order to be considered for these scholarships you must complete a Free Application for Federal Student Aid (FAFSA) and include your parents' personal and financial information. If you are married, only student and spouse financial information is required on the FAFSA. If you already completed your FAFSA but did not include parental information, you should update your 2022–2023 FAFSA application with information about your parents. FAFSA must be filed by April 1, 2022 (for scholarship consideration for 2022–2023 academic year).
In addition to providing this data, you will be asked to complete a scholarship application profile.
For newly accepted first year medical students, once your application is in a confirmed status you will receive and email with a link to our Scholarship Database. Continuing medical students will be sent an email with a link to our Scholarship Database in late May, early June. Completing this application profile will allow the financial aid office to ensure you are considered for any scholarship that has donor specific criteria that you may meet.
There are several different loan options you can consider as a medical student:
Private Scholarship and Grant Funding
Many scholarships and grants are offered by private sources, such as fraternal and religious organizations, labor unions, professional associations, social groups, and ethnic associations.
Because they are private, and therefore not administered by Drexel, it is up to you to conduct research and apply on your own. The best place to start is with any organization with which you or a family member has an affiliation (such as your or your parent's employer, church, or religious organization).
Much of your research can be completed online, but Drexel recommends that you do not use any fee-based service to look for private scholarships. Below are several scholarship search engines that are free:
Additionally, you may want to review some of the awards offered by the following organizations:
The above list of scholarship resources is not exhaustive; there may be additional scholarships available outside of this list for which students or prospective students may be eligible. Students and prospective students are invited to contact the Drexel Central for suggested search terms and ways to search the Internet /other resources to locate additional opportunities.
Please note: If a student or prospective student locates a scholarship that is not listed on the University’s website on their own through the suggested search terms provided by Drexel Central, such an act does not suggest that the University is providing approval/endorsement of such scholarships.
The United States Armed Forces offer scholarships to medical students who are U.S. citizens. Scholarships pay the full cost of tuition each academic year and a stipend for living expenses. To accept a scholarship, you must commit to serving in a branch of the U.S. armed forces.
You can contact the different Armed Forces branches offering scholarships at the following websites:
The NHSC Scholarship Program is open to medical students who are committed to primary health care practice in underserved Health Professionals Shortage Areas (HPSA). In return for your service commitment, the NHSC pays for your full tuition and fees for the upcoming academic year, a monthly stipend, and an allowance for other reasonable educational expenses on a year-by-year basis. The minimum service obligation is two years.
Please be aware that the NHSC has interpreted an IRS ruling that full-time NHSC scholarships are taxable. Before the ruling, only the stipend received by the student was considered taxable under IRS guidelines. Now students are required to report the full amount of tuition scholarship and stipend support received through the NHSC as taxable income.
View more information on this program.
Drexel offers a tuition payment plan for medical students. You are able to split your tuition balance due into monthly installments for each term.