Drexel University saw a 3.2% rise in tuition fees for the 2022-23 school year, as revealed in the most recent disclosure, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the private, four-year not-for-profit institution paid $58,965 this year, which is $1,829 higher than the $57,136 charged during the 2021-22 academic year.
Approximately 44% of the undergraduate student body are Pennsylvania residents, while around 47% come from other states and 8% are international students.
Data indicates that 99% of full-time undergraduates who began their studies at Drexel University in 2022-23 received some form of financial aid. In total, 2,885 students were awarded grants or scholarships amounting to $97.1 million, and 1,764 students obtained student loans exceeding $19.1 million.
Across all undergraduates, 12,768 students benefited from grants or scholarships totaling $361.9 million. Additionally, 6,883 students secured $45.1 million in federal student loans.
Undergraduate education costs have seen a significant increase over the past few decades. Data shows a 169% rise in the average total cost, including tuition, fees, room, and board, between 1980 and 2020.
According to a 2023 College Board report, in-state students at public universities paid an average of $11,260, while out-of-state students paid $29,150 in the 2023-24 academic year.
Meanwhile, student loan debt has steadily increased over the last 30 years, reaching $1.75 trillion in 2024, averaging a total of $28,950 per borrower. Federal loans make up 92% of the debt, with over half of students at both public and private four-year colleges graduating with student loans.
Available data sometimes exceeds 100% due to rounding and administrative calculations.
The following data includes only full-time students who began an undergraduate program at the Drexel University in the 2022-23 school year.
| Type of Aid | Number of students awarded aid | Percent awarded aid | Total amount of aid awarded | Average amount of aid per student |
|---|---|---|---|---|
| Federal grants | 838 | 29% | $5.3 million | $6,276 |
| State / local grant or scholarship | 441 | 15% | $2.1 million | $4,865 |
| Institutional grants or scholarships | 2,883 | 99% | $89.7 million | $31,109 |
| Grant or scholarship aid total | 2,885 | 99% | $97.1 million | $33,654 |
| Federal student loans | 1,741 | 60% | $9.2 million | $5,291 |
| Other student loans | 316 | 11% | $9.9 million | $31,308 |
| Student loan aid | 1,764 | 61% | $19.1 million | $10,831 |
| Total student aid | 2,886 | 99% | $116.2 million | $40,262 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
