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.

*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

The Drexel 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) 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 2024–2025 FAFSA application with information about your parents. For scholarship consideration for the 2024–2025 academic year, FAFSA applications must be filed by April 1, 2024.

In addition to providing this data, you will be asked to complete a scholarship application profile

For new admitted first year medical students, once your application is in a confirmed status, you will receive an email with a link to our Scholarship Database.

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.