Financial Assistance for Your Online Education
Investing in a Better U.
You may not realize it – but you could be eligible to receive financial assistance for the Drexel Online academic program you choose. Through aid programs, grants, scholarships, and other student loans listed below, you can subsidize a substantial portion of your education.
Apply Early
It’s important to submit your application as soon as possible to be deemed eligible for assistance. If you anticipate being dependent on federal loan or grant programs in order to start classes at Drexel, be aware that any federal loan or grant money for which you qualify will likely not be available to you until 8-10 weeks after you have completed ALL of the following tasks:
Drexel’s posted application deadlines are designed to assure that students are admitted sufficiently in advance of the start of a term to obtain textbooks and complete other start-up and orientation activities. These deadlines are NOT designed to allow sufficient time to guarantee processing of financial aid requests.
Timely receipt of financial aid funds also assumes that the student pre-registers for courses and promptly responds to additional financial aid requests such as signing promissory notes, completion of federally required entrance counseling, and supplying documentation if selected for verification.
Sample Financial Aid Package
Undergraduate
The following sample is based on a student taking 6 credits for all 4 terms during an academic year and entering Drexel with enough transfer credits to achieve sophomore standing. The sample student is independent for financial aid purposes.
Tuition: $13,800 (based on 2008-09 Academic Year average undergraduate tuition)
Financial Aid Awarded: $8,000 (subsidized and unsubsidized Stafford Loans)
Remaining Balance: $5,800
Graduate
The following sample is based on a student taking 6 credits for all 4 terms during an academic year.
Tuition: $21,000 (based on 2008-09 Academic Year average graduate tuition)
Financial Aid Awarded: $20,500 (subsidized and unsubsidized Stafford Loans)
Remaining Balance: $500
*As these examples illustrate, even in best-case aid scenarios, federal financial aid will not cover the full cost of tuition at Drexel. (If a tuition reduction is received through the Drexel Partner Network, it would reduce the remaining out-of-pocket cost).
*To qualify for federal financial aid, you will need to maintain enrollment on at least a half-time basis (6 quarter credits per term for undergraduate students and 4.5 quarter credits per term for graduate students). This generally works out to at least two courses per term. Loans are the only form of federal financial aid available to the vast majority of part-time students.
*The amount of federal financial aid available to you at Drexel is affected by the aid you have previously received at other institutions.
*Private education loans are a good option for many students, but may not be available to students with poor credit.
Contact Us
Financial counselors are available to answer any questions you may have.
Call (877) 215-0009 and select option 1, and then option 5.
Forms Needed for Applying for Financial Aid
Additional Financial Assistance Options
Watch & Learn
Take a look at our online financial aid presentations
Financial Options
To learn more about your financial resources, click on the links below.
- Free Application for Federal Student Aid (FAFSA)
- Institutional Financial Aid Application
- Drexel’s Educational Partner Network
- Employer Assisted Tuition Deferred Payment Plan
- Grants and Scholarships
- Additional Financing Options
To print out a PDF of Drexel University’s financial aid information, click here.
(Note: Adobe Acrobat Reader software required. Click here for free download).
We’re always happy to help
If you have any questions, feel free to email us at info@drexel.com.
You may also call us toll free 877-215-0009:
- Prospective student choose option 1, and then option 5
- Current students choose option 2, and then option 2
