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Understanding Finances at Drexel

Drexel University is committed to providing you with all relevant information to help you understand your investment. We are here to guide you through all of your available options and are happy to assist you at any point during the process. The information below is for incoming first-year undergraduate students. Students transferring to the University should visit the Investing in a Drexel Education page for more detailed financial information.


Your First-Year Costs

Below are the estimated costs of tuition, fees, and average room and board based on three quarters for the 2021–2022 academic year.

Tuition5

$54,766

Fees5

$2,405

Room & Board5

$16,488

In 2019-2020, the average net price* was $39,463.7

*Net Price is the cost of attendance minus the average financial aid award package offered to first-year students for 2019–2020.


Financial Aid Awarded

Out of Our 2020–2021 First-Year Class5

100%

received financial aid awards.

100%

received gift aid from Drexel.

Average grant aid award to first-year, full-time undergraduates entering in fall 20205:

$33,623

2020-2021 Financial Aid Investment for Undergraduate Students7

Drexel Scholarships and Grants

$300 million+

Federal Work-Study Funding

$3 million+

Estimate the Cost of a Drexel Education

Drexel's Net Price Calculator is a tool that families of prospective first-year students can use to estimate their student's cost of attending Drexel. While this calculator only provides an estimate, you can get a sense of the financial aid your student may be eligible for.

Learn More About the Net Price Calculator


Co-op and Its Return on Investment

$18,000+

The gross median six-month salary for a paid co-op experience. Over 80% of Drexel Co-op positions are paid. For more detailed information, visit the Steinbright Career Development Center's Salary Guide webpage.

Most majors and programs allow students to choose a Three Co-op Option (Five-Year Program), although a One Co-op Option (Four-Year Program) is also available. Both curriculums carry the same tuition price, as students only pay tuition while in class. Standard student fees and housing costs will still apply.

94%

of graduates are working or enrolled in graduate or professional education.1

87%

of co-op employers would consider rehiring their co-op student for a future co-op or full-time position.6

48%

of co-op participants working full-time had received a job offer from a former co-op employer.1


An Education That Yields Results

One Year After Graduation

Drexel graduates earn

22.9%

above the national average.2

$62,710

Average full-time annual salary of a Drexel graduate one year after graduation.1

Reputation

Ranked in top

100

universities for lifetime earnings.3

Within Pennsylvania, Drexel University ranks

8th out of 122

predominantly bachelor’s or above degree-granting institutions in terms of median earnings of students working and not enrolled 10 years after entry.4

Learn More About the Value of Drexel


More Information about Financing Your Drexel Education

How Does Financial Aid Work? – Gain an understanding of financial aid basics.

Investing in a Drexel Education – Learn about the cost of a Drexel education.

How to Apply for Aid – Use this step-by-step guide to understand the financial aid process.

Your Financial Aid Opportunities – Review the different types of financial aid available to assist you.


Footnotes referenced in the infographic on data sources:

  1. Report for spring 2019 Senior Exit and One-Year-Out Alumni Surveys for those completing a bachelor's degree. Data reflect responses to One-Year-Out Alumni Survey and Senior Exit Survey with an effective knowledge rate of 58.2%. Non-respondents to the One-Year-Out Alumni Survey that indicated affirmative plans for employment or graduate school (hired by a specific company or accepted to and planning to enroll in a specific graduate school) in the Graduating Senior Exit Survey are reflected in these results.
  2. National Association of Colleges and Employers (NACE) September 2018 Salary Survey.
  3. Georgetown University's Center on Education and the Workforce, 2019. https://cew.georgetown.edu/cew-reports/collegeroi/
  4. "College Scorecard." College Scorecard. U.S. Department of Education, 1 Oct. 2018. Web. 11 Jan. 2019.
  5. Facts and figures. http://www.drexel.edu/drexelcentral
  6. Based on a 60% employer response rate, 2018–2019.
  7. Drexel Office of Institutional Research, average cost of attendance minus average financial aid offered for first-year students, 2019-2020.