$5,594

Avg. Federal Grant

$6,000

Avg. Federal Loan

$307,331,857

Total Aid Awarded

Drexel University Online Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

84%

Total Aid Amount Average Total Aid Awarded per year.

$307.332M

Financial Aid Official Website

www.drexel.edu/financialaid/

Investing in a student’s education is important, but it doesn’t have to be complicated. With this philosophy, the Drexel University (DU), Philadelphia, Pennsylvania, provides all the information that a student and his or her family need to navigate and understand every aspect of the financial aid process so the student can determine the steps that are right for them. Whether you're an incoming or current student, the university will assist you by providing comprehensive guidance about your financial aid options.

The Drexel University aims to provide financial aid to every qualified student who deserves or need Drexel University’s financial aid. It aims to provide the students with an ample amount of assistance for availing the University financial aid which supports the maximum number of capable and promising students.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

26%

State Grant Aid

18%

Institution Grant Aid

100%

Pell Grant

26%

Average Aid Awarded

Federal Grant Aid

$5,594

State Grant Aid

$3,837

Institution Grant Aid

$28,329

Pell Grant

$5,017

The table here provides the details about the financial aid offered by the Drexel University and is broadly divided into four categories namely Federal Grants, Pell Grants, State Grants and Institutional Grants. Among all the grants provides by the university the maximum percentage of contribution is by the Institutional Grant Aid which completely covers almost 100% of the student population in the Drexel University and not only this the average amount of the grant is the highest among all the types of grants that are provided by the university which stands at $28,329.

After this, the next grants that cover the most number of students are the Federal and the Pell grants that are provided by the Drexel University. The percentage for each of these grants is 26% and the amount of the average grant allotted under Federal grant aid and the Pell grant aid are $5,594 and $5,017 respectively.

Lastly, for the state grant aid, the coverage is about 18% which the lowest among all the mentioned grants and the average grant aid amounts to $3,837.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$42,127

$30,001 - $48,000

$41,030

$48,001 - $75,000

$36,014

$75,001 - $110,000

$30,975

Over $110,000

$25,887

It is clearly mentioned in the above table that a student from a low-income family is likely to expect a higher amount of financial aid provided. Down below, we have provided an in-depth breakdown of the Federal Aid based on Family Income. Students whose family income is below $30,000 or falls in between $30,000 and $48,000 may avail an average aid amount of $42,127 and $41,030 respectively. 

$36,014 is offered to students whose family income lies between $48,001 and $75,000. Higher-income groups receive a substantially lesser amount. Families whose earnings lie between $75,001 and $110,000 receive a lower amount of $30,975. Those who earn more than $110,000 receive a noticeably smaller amount of $25,887.

Student Loans for Drexel University Online

Average Loan Amount Average Loan Amount received per year.

$10,480/Year

Students Taking Out Loans

61%

Loan Default Rate

3%

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