$5,455

Avg. Federal Grant

$7,156

Avg. Federal Loan

$484,077

Total Aid Awarded

Charles R Drew University of Medicine and Science Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

57%

Total Aid Amount Average Total Aid Awarded per year.

$484.077K

Financial Aid Official Website

www.cdrewu.edu/admissions/financial-aid

Notably, 93% of the students at Charles R Drew University of Medicine and Science get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $1,198,684. More information regarding the financial assistance schemes can be accessed on CRDUMS’s official financial aid page at http://www.cdrewu.edu/admissions/financial-aid. Notably, a total of 85% of the applicants to Charles R Drew University of Medicine and Science receive the Federal Grant every year. Meanwhile, 93% of the applicants receive the Student Grant and 63% are awarded the Institution Grant, while 85% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $6,376, while the same comes to $6,484 for State Grant receivers and $8,412 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $5,427. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Charles R Drew University of Medicine and Science, the percentage of candidates who opt to avail of student loans is around 63%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

72%

State Grant Aid

39%

Institution Grant Aid

17%

Pell Grant

72%

Average Aid Awarded

Federal Grant Aid

$5,455

State Grant Aid

$5,907

Institution Grant Aid

$3,167

Pell Grant

$4,766

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$9,675

$30,001 - $48,000

N/A

$48,001 - $75,000

$2,085

$75,001 - $110,000

$670

Over $110,000

N/A

Student Loans for Charles R Drew University of Medicine and Science

Average Loan Amount Average Loan Amount received per year.

$7,156/Year

Students Taking Out Loans

44%

Loan Default Rate

1.4%

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