In 2022, tuition for full-time students at Drexel University was $56,595 a year.
In 2022, tuition increased 3.34%–from $54,766 the prior year. On average, college tuition goes up about 3% every year.
Remember, the total cost of tuition isn't the final cost for attending college. Many students find the actual cost of college is way less than the total tuition after grants, scholarships, and tuition discounts are applied. Additionally, student loans can make theactual cost of attending college feel more doable until after graduation.
Drexel University is a private, nonprofit institution, so it has the same tuition for students from Pennsylvania as it does for students who live in other states.
Public schools receive funds from the state to help them cover costs. Public insitutions often offer a lower cost of attendance for those who qualify as Pennsylvania residents.
Attending a school where you qualify for in-state tuition can save significant money on the overall cost of college. Don't forget to confirm your state's requirements for in-state tuition. Every state has its own rules about what makes someone eligible for in-state tuition. Most states require students to have resided in the state for a certain period of time before qualifying. There may be additional requirements too, depending on the state you and your parents currently reside in.
Explore other Pennsylvania colleges
Tuition at Drexel is the same for all students.
International students usually do not qualify for for federal financial aid, but should research private or Drexel-specific grants, scholarships, and other funding opportunities..
In addition to tuition, there are other costs associated with college, like room and board, facility fees, and books and supplies. Let's take a look at what impacts these costs, and what to expect at Drexel.
Housing and campus dining at Drexel costs $16,470 a year. This number covers the cost of living in dorms or other on-campus housing, and a meal plan that enables you to eat in the Drexel's on-campus cafeterias and dining facilities.
Meal-plan costs vary based on on the numnber of meals you intend to eat on-campus
The cost of books often surprises first-year college students. The real cost of books depends on the courses you take and the materials required. To save money, many students choose to use books from the library or buy books from students who have already taken the course.
Most schools also have fees to offsets cost associated with maintaining facilties, like the computer labs and libraries, athletic facilities, and more.
Keep in mind, there could also be additional fees associated with participating in certain activities, like Greek Life, or participating in sports or other extracurriculars. Most colleges offer resources for students who may struggle to participate because of cost can get help covering these fees.
The cost of getting around in college depends on a few key factors. Will you drive, fly, or take public transportation to school? Is on-campus parking free, or will you need to budget for parking? Is the campus walkable? Do you own a car, or will you need to use public transportation? All of these factors can make a big difference in your estimated cost of transportation. At Drexel, freshman are allowed to park on campus.
Where are a college is located can impact transportation costs. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the flip side, transportation in a city is usually expensive, but there may be more trains, busses or low-cost flight options to actually get to school. Drexel Universityis in a urban setting in Pennsylvania, near Philadelphia.
When estimating your budget for college, don’t forget to take into account the cost of things like going out to eat or see shows, furnishing your living space, and things like haircuts, clothes and, yes, even toilet paper and shampoo.
Now, let’s look at the breakdown of all expenses, to get a better estimate of what is really costs to go to Drexel.
What will the cost of attending Drexel be? Here is a breakdown of tuition and expenses.
|2022 Total Tuition and Expenses|
|Room and Board||$16,470|
The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.
|Total Estimated Costs|
The breakdowns above provide a good estimate of the total cost of attendance before financial aid and scholarships. Tuition and fees may vary depending on program, course level, location, and more.
The majority of Drexel University undergrads use financial aid to finance their education. In 2022, 8,009 of the 14,320 undergrads enrolled received financial aid. Drexel meets 73.7% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $47,308 a year.
|Most Common Loans for Drexel Students|
Most students take out institutional or government loans, because they tend to have lower interest rates and more flexible repayment options than private loans. Loans from the federal government can be subsidized or unsubsidized. Subsidized loans do not accrue interest during school, while unsubsidized loans begin accruing interest at the time the loan is issued. If students do no qualify for enough federal loans to cover the cost of tuition, some take out private loans. Parents can also take out ParentPLUS loans, which are government loans for parents who are helping their children pay for college.
The Free Application for Federal Student Aid (FAFSA) helps colleges determine how much financial need students and their familes have, so they can offer a financial aid package that meets, or come close to meeting, their need. For more information on Drexel financial aid, keep reading, or visit their financial aid website.
Some students may receive grants and scholarships to help pay for college. Unlike loans, scholarships and grants do not have to be paid back.
In 2022, Drexel awarded 7,780 need-based scholarships to students, giving away total of $242.5 million to help students with financial need cover the cost of school. An additional $100.81 million in merit-based scholarship money was awarded to students without demonstrated financial need.
The net price of college is the actual cost of attending a school for one year. Net cost is calculated by subtracting any scholarships, grants or other aid that does not need to be paid back from the total cost. Student loans are not part of the calculation, because they need to be repaid.
Now that we have a sense of the total estimated costs for Drexel students, we can subtract the average financial aid package to find the estimated net cost. Net cost can vary depending on a students’ need and the financial aid award received.
When considering whether a school fits your budget, it is important to consider the estimated net cost, not just the sticker price of tuition. Often, schools with the highest tuition also offer the most generous aid packages, so estimate your net cost before eliminating a school because it does fit your budget.
The average amount of financial aid received by a full-time first year student with demonstrated need at Drexel was $47,308 in 2022. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Drexel seem more manageable.
|Estimated Net Cost for Full-Time Students|
What will attending Drexel really cost you? The answer depends on several factors.
As of 2011, colleges are required to have a net price calculator on their website to help prospective students and their families understand the actual cost of attending that school, based on their financial situation. You can find the Drexel's net cost calculator on their website.
Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.
Drexel offers an Installment Payment Plan, which allows students to pay tuition in a series of smaller chunks instead of one lump sum.
Schools sometimes waiver tuition for certain groups, to make attending more affordable. Some schools offer tuition waivers for faculty, staff, and their families , underrepresented students, or military students. Even if you qualify for a waiver, students are usually responsible for housing, meal plans, and other expenses.
Check the financial aid website for more information on payment plans and tuition waivers.
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Data Source: IPEDs and Peterson's Databases © 2022 Peterson's LLC All rights reserved
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