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Drew University Tuition and Fees

Drew University which is a private, United Methodist university, is located in Madison, New Jersey. At Drew University, around 97% of the students are 24 and under. And, when it comes to gender distribution at the varsity, around 58% of the students are females and 42% are males. Finally, at DU around 47% are white, 18% are Non-resident alien, and 16% belong to Hispanic ethnicity. Some of the notable alumni which the school has produced in its several years of existence are Craig B. Stanford,

$38,668

Tuition

$57,230

Cost of Attendance

$28,993

Net Price

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Drew University Tuition and Fees

Drew University is a prominent educational institution known for offering a range of undergraduate, postgraduate, and doctoral programs in a wide assortment of streams, providing quality training to students. The tuition fees charged at DU is quite moderate compared to the expense of education at most institutions. As per the 2020 - 2021 official information, the average cost for the undergraduate courses offered at the university adds up to about $40,960, which includes the total tuition fees and other expenses. The housing costs $14,672, books and supplies cost $1,200, while the other expenses add up to $3,262.

Total Cost of Attendance

Student type	In-state	Out-State
Tuition & Fees	$39,800	$39,800
Book & Supplies	$1,200	$1,200
Room & Board cost	$14,108	$14,108
Other Expenses	$2,122	$2,122
Total Cost of Attendance	$57,230	$57,230

Students should understand that the tuition fees charged for their degree programs is not the only expense that is involved in the cost of attending the university. They must plan for several other expenses that accompany the cost of attendance such as lodging, dining, textbooks, supplies, and the cost of living, among others. For students attending the university, the total tuition and fees for one year add up to about $40,960. Apart from that, they should also pay an average amount of $1,200 toward books and supplies, $14,672 for room and boarding charges, and $3,262 toward other expenses in a year. Therefore, the estimated cost of attendance for one year at DU is around $60,094, as per the available information.

Average Net Price by Family Income

Net Price

$28,993

Family Income

Avg. Net Price

$0 to $30,000

$18,856

$30,001 to $48,000

$18,874

$48,001 to $75,000

$22,185

$75,001 to $110,000

$25,348

$110,000+

$35,902

As for the net cost for attending DU, the actual amount depends on the annual family income of the candidate. The net price is nothing but the actual amount that a student is required to pay in a year. The net cost to be borne is typically higher for candidates whose family income is comparatively higher. So, it all essentially depends on the family income bracket of the student. At DU, the average net price is estimated to be around $28,103. Candidates whose annual family income is less than $30,000 will have to pay a net amount of $16,160. For the individuals whose income is somewhere between $30,001 and $48,000, the amount comes to $18,230. Meanwhile, the net price stands at $21,218 for the $48,001-$75,000 income bracket and at $28,278 for an income between $75,001 and $110,000. This amount adds up to $34,112 for students whose annual family income is more than $110,000.

Student Loans

Example Loans

$113,444

Stafford Loan Interest

4.5%

Time to Pay off Student Loan

10 years

Example monthly payment

$1,177

Total interest paid

$27,832

Sum of Loan Payments

$141,276

To have a realistic understanding of how much it will cost to study at Drew University here is an example one can consider to estimate the payment amounts one will incur with a student loan. Take a loan of $113,444 for example. This will result in a $14,128 payment to be made each year. We can assume that the interest rate is 4.5% post any refinancing or consolidation activities with a 10 years repayment plan. Then the total payment made towards the loan is $141,276 which is $27,832 in addition to the principal amount, which constitutes the interest payment made throughout the life of the loan.

Undergraduate Tuition and Fees

Student type	In-state	Out-State
Tuition & Fees	$39,800	$39,800
Room & Board Cost	$14,108	$14,108
Total Tuition & Fees	$53,908	$53,908

At Drew University, the estimated tuition and fees for candidates who have enrolled in undergraduate programs are $40,960 per year. Moreover, the applicants must also pay an amount of $14,672 towards room and boarding charges. In this way, for one year, the total cost for undergraduate students comes to around $60,094.

Graduate Tuition and Fees

	In-state	Out-State
Tuition	$14,214	$14,214
Fees	$1,000	$1,000

Moving on to the tuition and fees charged for students who wish to join postgraduate programs offered at DU, the amount stands at $16,823 per year. This sum includes their graduate tuition of $15,823 and the graduation fees of $1,000 as well.

Cost Per Credit Hour

Degree	Year	Cost per Credit hour
Graduate	2018 - 2019	$867
Undergraduate	2018 - 2019	$1,612

The cost per credit hour – the total program cost divided by the total number of credit hours of the program – that the student has to pay to attend Drew University varies between graduate and undergraduate degrees. As per the 2019-2020 fee structure, the cost per credit hour for graduate courses is $280 and for undergraduate courses, it stands at $315. Drew University also offers a wide range of online programs across 40 different majors for students at present.

Campus Housing Expenses

Housing & other expenses	On Campus	Off Campus
Room & Board	$14,108	$14,108
Other Expense	$2,122	$4,682
Book & Supplies	$1,200	$1,200

As far as the housing and related charges at DU are concerned, these expenses vary depending on whether the candidate chooses to live on-campus or off-campus. Students have to pay $16,654 per year for on-campus housing and $19,214 a year for off-campus lodging facilities. Moreover, the candidates will have to pay about $14,672 a year toward room and boarding charges. Coming to the books and supplies charges, the students will be required to pay an amount of $1,200. The other expenses that students should plan for come to around $1,982 for on-campus candidates and $4,542 for the candidates who live off-campus.

Campus Housing Expenses

Housing & Other Expenses

Room & Boards

On Campus

$14,108

Off Campus

$14,108

Housing & Other Expenses

Other Expenses

On Campus

$2,122

Off Campus

$4,682

Housing & Other Expenses

Book & Supplies

On Campus

$1,200

Off Campus

$1,200

Projected Price for a 4 year degree

The current projected cost of attending a four-year graduate course, along with the living expenses, at Drew University is around $297,848 as per official data. To note, the total expenses for undergraduate students stood at $28,103 for 2018-2019, $28,993 for 2017-2018, and $28,876 for 2016-2017.

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