How Drexel's Financial Aid Changes

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Drexel University since 2013.

For that period, the average number of students who received grants aid/scholarships is 13,154, which is 84.22 % of all undergraduate students. 8,100 students which is 51.67% of undergraduate students received federal student loans and the average loan amount is $7,150.

Year	Grant or Scholarship^*		Pell Grants		Federal Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	13,043 (78%)	$16,814	3,422 (21%)	$4,052	9,277 (56%)	$7,280
2014-15	13,455 (80%)	$18,693	3,569 (21%)	$4,406	9,094 (54%)	$7,555
2015-16	12,906 (78%)	$21,061	3,627 (22%)	$4,478	8,830 (54%)	$7,395
2016-17	12,373 (80%)	$21,895	3,422 (22%)	$4,526	8,160 (53%)	$7,677
2017-18	12,946 (84%)	$23,740	3,594 (23%)	$4,655	7,689 (50%)	$7,559
2018-19	13,605 (87%)	$25,076	3,859 (25%)	$4,670	8,030 (51%)	$6,763
2019-20	13,834 (90%)	$25,373	3,612 (24%)	$4,794	7,552 (49%)	$6,743
2020-21	13,166 (90%)	$25,827	3,534 (24%)	$4,966	7,201 (49%)	$6,808
2021-22	13,055 (91%)	$27,159	3,522 (25%)	$5,135	7,064 (49%)	$6,570
Average	13,154 (84.22%)	$22,849	3,573 (23.00%)	$4,631	8,100 (51.67%)	$7,150

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

Overview

For the last 10 years, on average, 2,842 (98.78 % of students) received grants or scholarships and its average amount is $29,048. It can cover 47.88% of tuition & fees ($60,663).

In addition, 1,765 (61.33 % of students) students get helped from the students loans (average amount : $10,486).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	2,813 (93%)	$19,464	1,723 (57%)	$10,872
2014-15	2,916 (100%)	$25,661	1,892 (65%)	$10,168
2015-16	2,652 (98%)	$29,097	1,690 (62%)	$10,377
2016-17	2,281 (98%)	$28,767	1,459 (63%)	$9,841
2017-18	3,259 (100%)	$30,475	2,000 (61%)	$10,480
2018-19	3,349 (100%)	$30,416	2,057 (61%)	$10,597
2019-20	3,159 (100%)	$30,449	1,834 (58%)	$11,474
2020-21	2,324 (100%)	$33,241	1,439 (62%)	$9,701
2021-22	2,821 (100%)	$33,861	1,795 (63%)	$10,865
Average	2,842 (98.78%)	$29,048	1,765 (61.33%)	$10,486

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students.

Grants/Scholarship

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 741 (25.67 % of students) received Pell (federal) grants and its average amount is $4,895.

In addition, 452 students received State/local government grants/scholarships (15.67 % of students).

Year	Federal (Pell) Grants		Other Federal		State/Local government		Institutional
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	589 (19%)	$4,151	128 (4%)	$1,538	406 (13%)	$3,532	2,804 (93%)	$18,073
2014-15	720 (25%)	$4,572	384 (13%)	$1,013	436 (15%)	$3,497	2,916 (100%)	$23,876
2015-16	714 (26%)	$4,646	348 (13%)	$1,035	462 (17%)	$3,815	2,641 (97%)	$27,158
2016-17	585 (25%)	$4,728	278 (12%)	$992	366 (16%)	$3,951	2,272 (98%)	$26,906
2017-18	853 (26%)	$5,017	491 (15%)	$1,002	579 (18%)	$3,837	3,259 (100%)	$28,329
2018-19	873 (26%)	$5,088	499 (15%)	$999	543 (16%)	$3,749	3,349 (100%)	$28,332
2019-20	789 (25%)	$5,138	787 (25%)	$1,368	509 (16%)	$3,718	3,159 (100%)	$28,226
2020-21	635 (27%)	$5,281	406 (17%)	$1,182	293 (13%)	$4,270	2,324 (100%)	$31,054
2021-22	909 (32%)	$5,432	597 (21%)	$1,196	472 (17%)	$4,577	2,821 (100%)	$31,092
Average	741 (25.67%)	$4,895	435 (15.00%)	$1,147	452 (15.67%)	$3,883	2,838 (98.67%)	$27,005

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students..

Student Loans

The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.

For the last 10 years, on average, 1,765 (61.33 % of students) get any students loan help and its average loan amount is $1,765.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	1,723 (57%)	$10,872	1,701 (56%)	$5,539	398 (13%)	$23,395
2014-15	1,892 (65%)	$10,168	1,876 (64%)	$5,795	332 (11%)	$25,201
2015-16	1,690 (62%)	$10,377	1,679 (62%)	$5,681	299 (11%)	$26,748
2016-17	1,459 (63%)	$9,841	1,445 (62%)	$5,908	203 (9%)	$28,670
2017-18	2,000 (61%)	$10,480	1,983 (61%)	$6,000	343 (10%)	$26,417
2018-19	2,057 (61%)	$10,597	2,030 (61%)	$5,372	383 (11%)	$28,444
2019-20	1,834 (58%)	$11,474	1,811 (57%)	$5,330	416 (13%)	$27,384
2020-21	1,439 (62%)	$9,701	1,422 (61%)	$5,326	253 (11%)	$25,237
2021-22	1,795 (63%)	$10,865	1,768 (62%)	$5,268	346 (12%)	$29,448
Average	1,765 (61.33%)	$10,486	1,746 (60.67%)	$5,580	330 (11.22%)	$26,772

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Scholarships, Grants, and Loan Trends at Drexel

All Undergraduate Students Financial Aid Over Time

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time