Need-Based Aid

We encourage you to apply for financial aid regardless of whether or not you feel you are eligible. This way, we can help you consider alternatives you might not have known existed. Plus, applying for financial aid is easy. We require only one form — the Free Application for Federal Student Financial Aid (FAFSA).

File the FAFSA to Apply for Aid

Next to your application for admission, the FAFSA is the most important application you can fill out. For the fastest and most accurate results, we encourage you to submit the FAFSA online at www.fafsa.gov. The FAFSA can be submitted beginning January 1, and students transferring to Drexel at BCC the following fall should submit it by May 1 to be considered for the maximum amount of aid.

To make sure Drexel's Student Resource Center/Financial Aid Office receives your financial information from the federal government, list Drexel University on the FAFSA. Drexel's Title IV Code is 003256.

For more detailed information about the process, review Drexel's step-by-step guide on how to apply for financial aid.

Need-Based Financing Options

Based on your family's estimated contribution, your financial aid award may include the following types of need-based aid.

Loans

Your financial aid award may include one or more loans. The federal government offers a variety of low-interest loans to both students and parents. This type of aid needs to be repaid.

The most common loans are:

Federal Perkins Loan
Federal Stafford Student Loan
Federal PLUS Loan

Learn more about Loan Options.

Grants

Grants are a form of gift aid that can come from a variety of sources. Need-based grants can be offered by a university, a private organization, or the government at the federal, state, or local level.

Some grants Drexel students are eligible to receive include:

Federal Pell Grant
Pennsylvania Grant

Learn more about Scholarships and Grants.

A Note on Drexel Co-op

Following your first Drexel Co-op position you may see a change in the estimated family contribution (EFC), which is used to determine your level of eligibility for federal and institutional aid. We advise you to set aside approximately two-thirds of your co-op earnings to supplement any decrease in financial aid as a result of a paid Drexel Co-op position.