Financial Aid Process
We are excited that you are considering joining the Drexel University College of Medicine.
We have created an easy step-by-step process to understanding financing at Drexel.
How is Drexel's Cost of Attendance Determined?
So how much does an investment in a medical education at Drexel cost? Take a look at the breakdown of the average first-year costs for the MD program. These figures are based on the cost of attendance for the 2024–2025 academic year and are prior to financial aid being applied.
| Cost | Amount |
|---|---|
| Tuition* | $69,962 |
| University Fees | $2,150 |
| Disability Insurance | $51 |
| Orientation Fee | $114 |
| Loan Origination Fee | $452 |
| Books | $1,250 |
| Computer & iPad | $1,190 |
| Instruments & Equipment | $200 |
| Health Insurance** | $2,958 |
| Personal | $2,380 |
| Room & Board | $21,470 |
| Transportation | $4,020 |
| Total Estimated Cost | $106,133 |
*Listed tuition and fees reflect the standard 2024–2025 rates established by the Board of Trustees. For additional information please visit the Tuition and Fees Web page.
**Estimate based on insurance 2024–2025 rate; subject to change.
Applying for Financial Aid
Here are the quick and easy steps we recommend for applying for financial aid:
Free Application for Federal Student Aid (FAFSA)
The Free Application for Federal Student Aid, or FAFSA, is used to determine your eligibility for federal and state grants and federal loans. The 2025–2026 FAFSA can be completed at the Federal Student Aid website. Drexel recommends completing your FAFSA as soon as possible. When completing the FAFSA, be sure to use Drexel's school Code: 003256.Scholarship Opportunities
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, and past academic accomplishments. In order to be considered for these scholarships you must complete a Free Application for Federal Student Aid (FAFSA). FAFSA must be filed by April 1, 2025 (for scholarship consideration for 2025–2026 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 an 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 or 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.
View Your Financial Aid Status in Discover Drexel
Information during the entire financial aid process, including the status of your financial aid applications and a detailed list of any aid you may be offered, will be available on Discover Drexel, in the Financial Aid tab. Discover Drexel will also provide you with information about additional financing options you may be able to utilize to cover any costs not covered by financial aid, such as the Direct Graduate PLUS Loan, payment plans, and private education loans. Once you submit your admission application to Drexel, you will be provided with login credentials for Discover Drexel.
Requirements
You may notice a list of outstanding financial aid requirements in the "Financial Aid" tab of Discover Drexel. You should only begin completing these requirements after you have confirmed your enrollment with Drexel, unless Drexel Central advises you to complete them sooner.
Next Steps for Confirmed Students
Now that you've confirmed that you want to attend Drexel, we are so excited to have you join us!
In order to be prepared to attend Drexel, you should review the following important information:
- Medical Student Financing Resources – There are several different financing options that may be available to you, including payment plans and private education loans.
- Student Billing – Learn about Drexel's electronic monthly billing statement (eBill), refunds, and payment options.