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CollegeCalc Highest List Price Rank - 82nd

Annual Costs

Undergraduate Tuition

Tuition for Drexel University is $49,632 for the 2017/2018 academic year. This is 79% more expensive than the national average private non-profit four year college tuition of $27,755. Drexel University is one of the 100 most expensive colleges in the America, coming in 82nd on our Expensive 100 Ranking. The cost is 87% more expensive than the average Pennsylvania tuition of $26,599 for 4 year colleges. Tuition ranks 117th in Pennsylvania amongst 4 year colleges for affordability and is the 13th most expensive 4 year college in the state. Price does not vary by residence.

The school charges an additional fees of $2,370 in addition to tuition bringing the total effective in-state tuition to $52,002.

Housing Costs

On campus room and board is provided by the school at a cost of $13,890 per academic year. Students electing to live off campus elsewhere in Philadelphia should budget at least this amount.

Books and Supplies

The estimated annual cost for books and supplies is $1,700.

Other Living Expenses

If living on-campus, students should budget for $1,200 in additional living expenses. Off-campus students should budget for $1,200 in other miscellaneous living expenses.

Total Costs

The annual tuition and living expense budget to go to Drexel University was $68,792 for the 2017/2018 academic year. The cost is the same for all students regardless of Pennsylvania residence status as there is no in-state discount.

Citation: Price data from the U.S. Department of Education's 2017-2018 and 2016-2017 IPEDS survey response for Drexel University and represent reported costs for the 2016-2017 and 2015-2016 academic years.

Costs and Tuition for Drexel University
Estimated Budgets
Pennsylvania Resident Total Budget $68,792
   In-State Tuition$49,632
   Other Fees$2,370
   Room and Board$13,890
   On-Campus Other Budget$1,200
   Books and Supplies$1,700
Non-Resident Total Budget $68,792
   Out-of-State Tuition$49,632
   Other Fees$2,370
   Room and Board$13,890
   On-Campus Other Budget$1,200
   Books and Supplies$1,700

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What it Really Costs

Depending on many factors including student and parent income and assets, the total cost of attendance may be less than the $68,792 published price if scholarship or grant aid is made available to you.

Net Price

The net out-of-pocket total cost you end up paying or financing though student loans is known as the net price. The reported Drexel University net price for in-state students is $37,244* for the 2014/2015 academic year. This net price includes housing and meal expenses.

Pell Grants and other Grant Aid

93% of Drexel University students received grant aid in 2014/2015. The average total aid amount was $19,464. 19 percent of students received aid in the form of Pell Grants from the U.S. Federal Government. The average Pell Grant awarded for 2014/2015 was $4,151. To apply for a Pell Grant to attend Drexel University, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).

Net Price and Financial Aid for Drexel University
Financial Aid Summary
Average Annual Net Price$37,244*
Percent of Students Receiving Grant Aid93%
Average Total Grant Aid$19,464
Percent of Students Receiving Pell Grants19%
Average Amount of Pell Grant Aid$4,151

Average Net Price by Family Income

The average net total cost of attendance for different levels of family income after federal, state or local government, institutional grant and scholarship aid are awarded. Data last published for the 2014/2015 academic year.

Family Income Avg. Net Price
$0 to $30,000$26,588
$30,001 to $48,000$28,494
$48,001 to $75,000$31,878
$75,001 to $110,000$36,486
$110,000+$40,735

Average Financial Aid Mix - $68,792 In-State Total Cost

CollegeCalc has estimated typical coverage of the annual in-state tuition and living expenses of $68,792. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.

29%
8%
63%

Grants and Scholarships

 29% - $19,464

Money granted to you by the U.S. Department of Education, Drexel University or other organizations. These are not loans and do not need to be repaid.

Federal Loans

 8% - $5,539

Low interest student loans funded by the U.S. Department of Education. This amount will need to be repaid.

Out of Pocket

 63% -  $42,589

Covered by family savings, work or private student loans which you will have to repay.


*Reported Average Annual Net Price for students receiving grant or scholarship aid reported to the U.S. Department of Education's Academic Year 2014-2015 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

Note that for colleges with no reported on-campus room and board, the average net price has been increased to account for living expenses. This number may not only reflect the net price paid to the school for tuition.

Is it Worth the Cost?

To make a comparative assessment if Drexel University is worth the price, measures of it's relative value for tuition dollar can be examined. We've calculated an academic national percentile rating of 68/100 for Drexel University. Considering an average net price paid of $34,660, this leads to an overall value ranking of 45/100. This places the school 215th on our national Best Value Colleges ranking as a provider of a very high value education compared to actual overall price paid.

Tuition Comparison to Similar Private Colleges in the Region

School Cost vs. Drexel University
Philadelphia University23.1% less expensive
Saint Joseph's University12% less expensive
Arcadia University16.1% less expensive
Seton Hall University22.6% less expensive
Elizabethtown College8.6% less expensive

Cost of a Degree

When considering ability to pay for college, the annual cost is often discussed but it's the "all in" multi-year degree cost which matters in the end. Let's take a look at what it could really cost for four years at Drexel University.

Estimated 4 Year Cost at Published Tuition

At the current published rates, an estimated total tuition, fees and living expense price for a 4 year bachelor's degree at Drexel University is $275,168 for students graduating in normal time. This methodology for estimating the 4 year cost is a straight multiple of the most recent reported annual total cost and does not factor in tuition increases during the time you're in school. It also assumes you receive no grant or scholarship aid and pay the full list price.

A potentially more accurate but less conservative estimate of a degree cost can be made by using the school's annual $34,660 in-state net price as the basis. Applying this cost over 4 would estimate the cost of a degree at $138,640**

If you end up on the "five year plan" and need an additional year to graduate, your five year cost could be as high as $343,960 or $173,300 using an average net price.

**Based on a 4 year multiple of Average Annual Net Price for students receiving grant or scholarship aid reported to the U.S. Department of Education's 2014-2015 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

Other Costs

Cost Per Credit Hour and Cost for a Class

Some schools offer the ability to take single classes by paying on a per credit hour basis. The reported price per credit hour and estimated cost for one class at Drexel University are as follows. Per credit costs are for reference only as many schools will not allow students to pay by credit hour.

Cost per credit hour and per class at Drexel University
Price per credit hour$1,116
Cost for one class (3 credit hours)$3,348
Cost for one class (4 credit hours)$4,464

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Student Loans and Debt

The second consideration after understanding the cost of college is determining how to finance it. Some students are fortunate enough to have some form of family financial assistance, but student loans end up financing a significant portion of higher education in the U.S. 56% of Drexel University students receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $5,539.

Example Loan Payments and Costs

How much are student loan payments for Drexel University? Obviously this varies based on a number of factors - offsetting financial aid you receive, percentage of fee you pay upfront while enrolled and the interest rate on your loans. We've modeled a sample student loan based on current Stafford loan rates to give you an approximate idea.

The following are the costs for a loan if you borrowed $138,640, 100% of the estimated average net price for a four year program and paid nothing while enrolled. The total of all payments including interest would sum $172,020.45. This could be your effective total out of pocket cost of an education at Drexel University. Note that this calculation assumes you don't pay full list price tuition, are part of the reported 93% of students at this school who receive financial aid and you are paying an average annual net price of $34,660. If you do not financially qualify for a reduced net price, your student loan payments could be significantly higher than this example. Use our Drexel University student loan calculator below to change loan assumptions and recalculate.

Student loans are not free money and must be repaid. You cannot dismiss student loans by via bankruptcy.

Drexel University Student Loan Payments
Example Payments
Monthly Loan Payment$1,433.50
Amount Borrowed$138,640.00
Interest Rate4.5%
Term10 years
Number of Monthly Payments120
Total Interest Cost$33,380.45
Sum of All Payments over 10 years$172,020.45

Affording Student Loan Payments and Post Graduation Salary

Can I afford to attend Drexel University? In the end, the answer comes down a determination if you will earn enough to comfortably pay back a student loan with your post graduation salary. This is an extremely important point to consider. In order to afford student loan payments and still meet all your other costs of living, it is recommended not to borrow more than you can pay back using 10% of your monthly income earned after graduation. If you're considering attending Drexel University, you need to carefully consider if it will be realistic to make the post graduation loan payments based on your expected salary.

Using the 10% of salary threshold, an annual income of $172,020.45 would be needed to afford a $1,433.50 monthly payment in the example $138,640.00 loan modeled above. You will need to determine if it is at all realistic that you will be earning this type of salary after graduation. This assumes a loan payback over 10 years. You can change the terms of this example loan using the student loan calculator below.

Estimated Future Cost and Expected Tuition Increase

What will it cost to send your child to Drexel University in the future? In the past four years, this school's published in-state tuition and fee total rose from $33,800 to $49,632. This amounts to an average annual price increase of 9.4%. Nationally, university tuition prices are rising around 5% per year. Looking out five, ten, fifteen or eighteen years, these are CollegeCalc's estimates how much you could expect to pay for a 4 year degree assuming tuition increases at the national average rate. Estimated future prices are based on the current 4 year cost of $275,168.00. Use the college savings plan calculator below to perform a more comprehensive analysis on future costs and how much you will need to save for Drexel University.

Annual4 Year Degree
Estimated Cost in 5 years for students enrolling in 2024$94,605$378,420
Estimated Cost in 10 years for students enrolling in 2029$120,743$482,971
Estimated Cost in 15 years for students enrolling in 2034 $154,102$616,407
Estimated Cost in 18 years for students enrolling in 2037 $178,392$713,568

Comparable Cost for Popular Majors

We've compared the out of state cost of the most popular undergraduate areas of study at Drexel University to the national average for all other colleges offering the same major. Use this comparison to determine particular programs where this school offers value relative to other colleges.

Area of Study Graduates vs National Avg
Business/Commerce, General Bachelor's Degree 510 82% costlier
Registered Nursing/Registered Nurse Bachelor's Degree 388 92% costlier
Mechanical Engineering Bachelor's Degree 130 62% costlier
Biology/Biological Sciences, General Bachelor's Degree 120 70% costlier
Psychology, General Bachelor's Degree 82 70% costlier
Electrical and Electronics Engineering Bachelor's Degree 74 63% costlier
Civil Engineering, General Bachelor's Degree 71 62% costlier
Design and Applied Arts, Other Bachelor's Degree 70 61% costlier
Chemical Engineering Bachelor's Degree 63 50% costlier
Information Science/Studies Bachelor's Degree 62 76% costlier
Bioengineering and Biomedical Engineering Bachelor's Degree 61 34% costlier
Health/Medical Preparatory Programs, Other Bachelor's Degree 54 81% costlier
General Studies Bachelor's Degree 50 103% costlier
Architecture Bachelor's Degree 48 44% costlier
Graphic Design Bachelor's Degree 48 70% costlier
Computer Science Bachelor's Degree 47 64% costlier
Architectural Engineering Bachelor's Degree 46 61% costlier
Computer Engineering, General Bachelor's Degree 46 62% costlier
Cinematography and Film/Video Production Bachelor's Degree 44 61% costlier
Computer/Information Technology Services Administration and Management, Other Bachelor's Degree 41 101% costlier
Music Management Bachelor's Degree 38 73% costlier
Substance Abuse/Addiction Counseling Bachelor's Degree 37 111% costlier
Communication, Journalism, and Related Programs, Other Bachelor's Degree 36 68% costlier
Health/Health Care Administration/Management Bachelor's Degree 35 109% costlier
Construction Management Bachelor's Degree 33 94% costlier
Web Page, Digital/Multimedia and Information Resources Design Bachelor's Degree 33 139% costlier
Medical Radiologic Technology/Science - Radiation Therapist Associate's Degree 27 225% costlier
Fashion/Apparel Design Bachelor's Degree 26 52% costlier
Teacher Education and Professional Development, Specific Subject Areas, Other Bachelor's Degree 25 81% costlier
Theatre/Theatre Arts Management Bachelor's Degree 24 48% costlier
Economics, General Bachelor's Degree 23 54% costlier
Sport and Fitness Administration/Management Bachelor's Degree 23 83% costlier
Mathematics, General Bachelor's Degree 22 68% costlier
Interior Design Bachelor's Degree 20 78% costlier
History, General Bachelor's Degree 16 68% costlier
English Language and Literature/Letters, Other Bachelor's Degree 16 47% costlier
Hospitality Administration/Management, Other Bachelor's Degree 16 70% costlier
Political Science and Government, General Bachelor's Degree 16 65% costlier
Photography Bachelor's Degree 15 53% costlier
Area Studies, Other Bachelor's Degree 12 36% costlier
Culinary Arts/Chef Training Bachelor's Degree 12 75% costlier
Business, Management, Marketing, and Related Support Services, Other Bachelor's Degree 12 74% costlier
ENGINEERING TECHNOLOGIES AND ENGINEERING-RELATED FIELDS Bachelor's Degree 12 110% costlier
Criminal Justice/Law Enforcement Administration Bachelor's Degree 11 116% costlier
Hotel/Motel Administration/Management Bachelor's Degree 10 79% costlier
Materials Sciences, Other Bachelor's Degree 10 2% costlier
Nutrition Sciences Bachelor's Degree 9 53% costlier
Physics, Other Bachelor's Degree 8 47% costlier
Elementary Education and Teaching Bachelor's Degree 8 94% costlier
Computer Software Engineering Bachelor's Degree 7 78% costlier
Personal and Culinary Services, Other Bachelor's Degree 6 2% costlier
Chemistry, General Bachelor's Degree 5 65% costlier
Environmental/Environmental Health Engineering Bachelor's Degree 5 45% costlier
Playwriting and Screenwriting Bachelor's Degree 5 33% costlier
Environmental Science Bachelor's Degree 4 61% costlier
Anthropology Bachelor's Degree 4 52% costlier
Materials Engineering Bachelor's Degree 4 43% costlier
Physician Assistant Bachelor's Degree 4 54% costlier
Engineering, General Bachelor's Degree 3 51% costlier
Sociology Bachelor's Degree 2 67% costlier
Dance, Other Bachelor's Degree 1 77% costlier
Philosophy Bachelor's Degree 1 52% costlier
Biological and Physical Sciences Bachelor's Degree 1 70% costlier
History, Other Bachelor's Degree 1 55% costlier

Calculators

Use the calculators below to formulate a college savings plan for Drexel University or model a student loan.

College Savings Calculator

Plan and Save for College

Discover how much will you need to start saving now to afford Drexel University in the future.

Student Loan Calculator

Estimate Loan Payments

Modify the loan assumptions to fit your financial situation and likely tuition price. Then calculate your payoff and loan payments for a Drexel University student loan.

Prepayment Option

About Drexel University

Drexel University is a four year private college located in Philadelphia, Pennsylvania.  Full time enrollment is 17,785 and part time is 6,447. Learn more about getting accepted at Drexel University at CollegeSimply.

Students attending this school may pursue both undergraduate and graduate degrees.

Address
Drexel University
3141 Chestnut St
Philadelphia, Pennsylvania
19104

For Profit / Not For Profit Status

Drexel University is a private not for profit institution.

Drexel University cost and financial aid data source: U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=212054 IPEDS survey data.