Prospective students and their families can contact Drexel Central for questions about financial aid in one of the following ways: 

Call 1.877.DREXEL5 or 215.895.1600

Visit Drexel Central Office – Suite 106,
Main Building, 3141 Chestnut Street

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 2023–2024 academic year and are prior to financial aid being applied.

Cost Amount
Tuition* $65,692
University Fees $1,898
Disability Insurance $51
Orientation Fee $114
Loan Origination Fee $452
Books $1,250
Computer & iPad $1,190
Instruments & Equipment $200
Health Insurance** $3,005
Personal $2,310
Room & Board $20,800
Transportation $3,886
Total Estimated Cost $100,883

*Listed tuition and fees reflect the standard 2023–2024 rates established by the Board of Trustees. For additional information please visit the Tuition and Fees Web page.

**Estimate based on insurance 2023–2024 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 FAFSA is used to determine your eligibility for federal loans and institutional scholarships. The Department of Education has begun a soft launch of the 2024–2025 FAFSA and the form is now available at the Federal Student Aid website. Throughout this soft launch, this overhauled application may become temporarily unavailable as the Department of Education continues to perform required site maintenance. Drexel recommends monitoring the Federal Student Aid website and completing the FAFSA when you see it is available.

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, 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, 2024 (for scholarship consideration for 2024–2025 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, 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.


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.

Contact Us


Monday–Friday: 9 a.m.–5 p.m.