The cost of attending Drexel University varies significantly depending on several factors, including student status (undergraduate or graduate), program type, residency (in-state vs. out-of-state), and housing choices. Below is a comprehensive breakdown of the costs for the 2023-2024 academic year, along with insights into financial aid, scholarships, and additional expenses.
Undergraduate Tuition and Fees
Drexel University is a private institution, so tuition rates are consistent for all undergraduate students, regardless of residency. Here’s the breakdown:
| Category | Cost per Year |
|---|---|
| Tuition | $79,350 |
| Room and Board | $16,440 (on-campus) |
| Fees | $1,200 |
| Total Estimated Cost | $97,000 |
Key Takeaway: The total cost of attendance for undergraduate students is approximately $97,000 per year, including tuition, fees, and on-campus housing.
Graduate Tuition and Fees
Graduate programs at Drexel vary widely in cost depending on the school and program. Below are examples for popular programs:
| Program | Cost per Credit | Estimated Total (30 credits) |
|---|---|---|
| Master’s in Business (LeBow College of Business) | $1,420 | $42,600 |
| Master’s in Engineering | $1,350 | $40,500 |
| Master’s in Nursing | $1,100 | $33,000 |
Expert Insight: Graduate students often pay per credit, and total costs can vary based on program length and additional fees.
Additional Costs
Beyond tuition and fees, students should budget for the following:
- Books and Supplies: 1,200–2,000 per year
- Personal Expenses: 1,500–2,500 per year
- Transportation: 500–1,000 per year (varies based on location)
- Health Insurance: $3,000 (if not waived)
Step-by-Step Budgeting Tip: Use Drexel’s Net Price Calculator to estimate your total cost of attendance.
Financial Aid and Scholarships
Drexel offers a variety of financial aid options to help offset costs:
- Merit-Based Scholarships: Awarded based on academic achievement, ranging from $10,000 to full tuition.
- Need-Based Aid: Includes federal grants, work-study, and loans.
- External Scholarships: Students are encouraged to apply for outside scholarships.
Pro: Over 90% of Drexel students receive some form of financial aid.
Con: Merit scholarships are competitive and not guaranteed.
Co-op Program Costs
Drexel’s unique co-op program allows students to gain paid work experience while studying. However, co-op terms may extend the time to graduation, potentially increasing overall costs. Students typically pay a reduced fee during co-op terms.
| Co-op Term | Cost per Term |
|---|---|
| Tuition | 1,500–2,500 |
Housing Options
On-campus housing costs vary based on room type and meal plan:
| Housing Type | Cost per Year |
|---|---|
| Double Room | 8,500–9,500 |
| Single Room | 10,000–11,500 |
| Apartment-Style | 12,000–14,000 |
Expert Insight: Living off-campus can reduce housing costs but may increase transportation expenses.
Comparative Analysis: Drexel vs. Peers
Compared to other private universities, Drexel’s tuition is competitive but still high. For example:
| University | Annual Tuition |
|---|---|
| Drexel University | $79,350 |
| University of Pennsylvania | $61,710 |
| Villanova University | $62,030 |
| Temple University (Public) | $19,390 (in-state) |
| University | Annual Tuition |
|---|---|
| Drexel University | $79,350 |
| University of Pennsylvania | $61,710 |
| Villanova University | $62,030 |
| Temple University (Public) | $19,390 (in-state) |
FAQ Section
Does Drexel offer full-ride scholarships?
+Yes, Drexel offers full-tuition scholarships like the Full-Tuition Scholarship for exceptional students.
Can international students receive financial aid?
+International students are eligible for merit-based scholarships but not federal aid. They should explore external scholarships.
How does the co-op program affect total costs?
+Co-op terms may extend graduation time, increasing overall costs, but reduced fees during co-op terms help offset expenses.
What is the average student debt for Drexel graduates?
+The average student loan debt for Drexel graduates is approximately $35,000, according to recent data.
Conclusion
Drexel University’s cost of attendance is substantial, with undergraduate expenses totaling around $97,000 per year. However, the university’s robust financial aid programs, co-op opportunities, and potential for high-paying careers post-graduation make it a viable option for many students. Prospective students should carefully evaluate their financial situation, explore all aid options, and consider the long-term return on investment when deciding to attend Drexel.
