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Drexel University

Philadelphia, PA 19104 — Private Nonprofit

Value Score: 75/100 | ROI Score: -66 | Affordability Score: 55/100

Tuition (In-State): $62,412 | Out-of-State: $62,412

Acceptance Rate: 79.4% | Graduation Rate: 77.6% | Retention Rate: 89.5%

Median Earnings (10yr): $84,648 | Median Debt: $25,325

SAT Average: 1345 | ACT Midpoint: 29

Student Body Size: 13,233 (large)

Pell Grant Recipients: 26.8% | Federal Loan Rate: 49.3%

Average Faculty Salary: $12,380/month

Tuition & Affordability Analysis

In-state tuition at Drexel University is $62,412 per year, which is 58% above the national average for private institutions.

Out-of-state students pay $62,412/year — a premium of $0 over in-state rates. Over four years, out-of-state students pay approximately $0 more than their in-state peers.

Estimated four-year tuition cost: $249,648 (tuition only, not including room, board, and fees).

What You Actually Pay: Net Price by Family Income

The sticker price rarely reflects what families actually pay. After grants and scholarships, here is the average net price by family income bracket at Drexel University:

  • Families earning $0–$30,000: $28,055/year
  • Families earning $30,001–$48,000: $29,435/year
  • Families earning $48,001–$75,000: $34,970/year
  • Families earning $75,001–$110,000: $37,842/year
  • Families earning $110,000+: $48,089/year

Low-income families receive an average discount of $34,357/year, paying just 45% of the sticker price.

Admissions Snapshot

Drexel University has an acceptance rate of 79.4%, placing it in the Less Selective (70–85%) category. This means roughly 4,164 students apply each year.

The average SAT score of admitted students is 1345, 27% above the national average. This reflects a strong academic student body.

The ACT midpoint is 29, 38% above the national average.

Graduate Outcomes & Return on Investment

77.6% of students at Drexel University complete their degree, 25% above the national average. This is a solid graduation rate.

First-year retention rate: 89.5% (11% above the national average). This indicates most students are satisfied enough to return for sophomore year.

Graduates of Drexel University earn a median salary of $84,648 ten years after enrollment, 107% above the national average. This represents a $49,648/year earnings premium over the average high school diploma holder, or $1,489,440 in additional lifetime earnings over a 30-year career.

The median student debt at graduation is $25,325, 18% above the national average. On a standard 10-year repayment plan at 5.5% interest, this translates to approximately $275/month, with a total repayment of $33,000 (including $7,675 in interest).

Debt-to-Earnings Ratio: 0.30x. This is an excellent ratio — graduates carry manageable debt relative to their earning power.

Breakeven Point: Based on the earnings premium over high school graduates, a degree from Drexel University pays for itself in approximately 6 years. This is a reasonable investment timeline.

Financial Aid Profile

26.8% of students at Drexel University receive Pell Grants (federal need-based aid for families earning under ~$60,000), 19% below the national average. A lower Pell rate suggests the student body skews toward higher-income families. Merit aid may be more prevalent than need-based aid.

49.3% of students take federal loans, 5% above the national average. This is a moderate borrowing rate.

Average faculty salary: $12,380/month, 42% above the national average. Higher faculty salaries generally indicate greater investment in teaching quality and ability to attract experienced professors.

Student Body & Campus Diversity

Drexel University enrolls 13,233 undergraduate students. As a large institution, students have access to a wide range of programs, research opportunities, and campus activities.

Diversity Index: 76/100 (higher = more diverse). Drexel University has a highly diverse student body with strong representation across multiple racial and ethnic groups.

Student body composition: White 40%, Hispanic 9%, Black 10%, Asian 24%.

Drexel University: Strong Applied Learning and Career Readiness with High Tuition

Report Card: Overall Grade D+

Drexel University receives an overall grade of D+ based on six dimensions:

  • Academics: C
  • Value: F
  • Outcomes: A
  • Affordability: D

College Analysis

Drexel University is a Private Nonprofit institution in Philadelphia, PA with approximately 13,233 students. Drexel University offers a strong focus on applied learning and career readiness, with a high median earning potential for graduates. The university has a relatively high tuition cost, but its strong job placement rates suggest a good return on investment. Drexel's graduation rate is above average, indicating a supportive academic environment. The university's median debt upon graduation is moderate, which is a positive factor for students.

The Verdict: Is Drexel University Worth It?

Drexel University presents a complex value proposition. The median 10-year earnings of $84,648 are respectable, but the high sticker price of $62,412 per year, combined with a median debt of $25,325, results in a negative ROI score of -66. This suggests that, on average, graduates take a considerable amount of time to recoup their investment, and the debt burden can be significant relative to initial earnings. The strong co-op program is a major asset, providing invaluable experience and potential job offers, which can mitigate some of the financial concerns. However, the sheer cost of attendance means that even with good starting salaries, the payoff period is extended. Compared to the cost, the median earnings are not sufficiently high to immediately justify the investment for all students. It's not an outright bad deal, as the co-op experience and strong industry connections offer tangible benefits, but it is certainly an expensive one. Students must be strategic, leverage the co-op program to its fullest, and aim for high-paying roles to make this a financially sound decision. For many, it may be a hidden gem only if significant scholarships or aid are secured.

Return on Investment

While Drexel University offers strong career prospects, the high tuition cost and negative ROI score suggest that students should carefully consider their financial situation before enrolling.

Debt Reality Check

Median student debt at Drexel University: $25,325. Monthly payment on a standard 10-year plan: $288/month. Total repaid: $34,560 ($9,235 in interest).

Breakeven vs high school diploma: 0.5 years. Debt burden: Low. Salary needed for comfortable repayment: $34,560.

Strengths

  • Strong focus on applied learning and career readiness
  • High median earnings 10 years after graduation
  • Moderate student debt upon graduation

Weaknesses

  • High tuition cost
  • Negative ROI score

Academic Profile

SAT Average: 1345. ACT Midpoint: 29. Retention Rate: 89.5%.

Drexel University is renowned for its distinctive approach to education, particularly its robust cooperative education (co-op) program, which is a cornerstone of its academic identity. This program allows students to gain up to 18 months of full-time, paid work experience in their field of study before graduation, significantly enhancing their career readiness. The university boasts strong programs across a wide range of disciplines, with particular strengths in engineering, business, design, and health sciences. The College of Engineering is highly regarded, offering specialized tracks in areas like mechanical engineering, electrical engineering, and computer engineering. The LeBow College of Business is another flagship college, known for its finance, marketing, and management programs, all enhanced by the co-op experience. The Antoinette Westphal College of Media Arts & Design is a leader in creative fields, offering programs in graphic design, fashion design, and digital media. Research opportunities are abundant, especially for upperclassmen and graduate students, often facilitated through co-op placements or dedicated research assistant positions. Faculty quality is generally high, with many professors bringing real-world industry experience to the classroom, a direct benefit of Drexel's co-op model. While specific faculty salary data isn't readily available, the university invests in attracting and retaining accomplished professionals. Drexel offers a University Scholars Program for high-achieving students, providing enriched academic experiences, research opportunities, and priority course registration. Study abroad options are also available, though the co-op program often takes precedence for many students. Academic support resources are comprehensive, including tutoring services, writing centers, and dedicated academic advisors who help students navigate their degree paths and co-op cycles.

Financial Aid Guide for Drexel University

Pell Grant recipients: 26.8%. Students taking federal loans: 49.3%.

Drexel University's financial aid strategy aims to make its distinctive co-op-integrated education accessible, though it's a significant investment. The university offers a substantial amount of merit-based aid, often in the form of scholarships, which are awarded automatically based on academic achievement (GPA, course rigor, and sometimes standardized test scores, though these are optional). These merit scholarships can significantly reduce the sticker price for many students. Need-based aid, including grants and institutional loans, is also available and is determined by the Free Application for Federal Student Aid (FAFSA) and, for some institutional aid, the CSS Profile. Drexel's average financial aid package for undergraduates can be quite generous, with many students receiving a combination of merit scholarships, grants, and federal loans. For instance, a student with strong academic credentials might receive a merit scholarship covering 30-50% of tuition, supplemented by need-based grants. Work-study opportunities are also available, providing students with part-time jobs on or off campus to help cover living expenses. It's crucial for families to complete the FAFSA and CSS Profile by the priority deadlines (typically early February) to maximize eligibility for all types of aid. While Drexel does not explicitly state a policy on aid negotiation, strong counter-offers from comparable institutions or significant changes in financial circumstances can sometimes be grounds for a review of an initial aid package, though this is not guaranteed and depends heavily on individual circumstances and available institutional funds. Families should also explore external scholarships, as Drexel encourages students to supplement their aid packages.

Hidden Costs at Drexel University

  • Housing costs can range from approximately $10,000 to $15,000 per academic year, depending on the residence hall and room type.
  • Meal plans typically cost between $4,000 and $6,000 annually, with various options available based on dining hall access and food credits.
  • Textbooks and course materials can add an estimated $1,000 to $1,500 per year, varying significantly by major and course requirements.
  • Student activity fees, technology fees, and other miscellaneous university fees can total around $1,000 to $2,000 per academic year.
  • Transportation costs, including SEPTA passes for navigating Philadelphia and potential travel for co-op or internships, can range from $500 to $1,000 annually.
  • Personal expenses, such as toiletries, entertainment, and incidental spending, can easily amount to $2,000 to $3,000 per year.
  • Health insurance is often an additional cost if students do not have adequate coverage through their parents, potentially adding $2,000 to $4,000 annually.

Alumni Outcomes & Career Paths

Drexel University's co-op program is a significant differentiator, providing students with extensive real-world experience that translates into strong post-graduation outcomes. Major employers actively recruit from Drexel, particularly in fields like technology, engineering, healthcare, and finance. Companies such as Comcast, Aramark, Cigna, Vanguard, and various healthcare systems like Penn Medicine and Jefferson Health frequently hire Drexel graduates. The university also has a strong presence in the pharmaceutical industry, with companies like GlaxoSmithKline and Merck recruiting talent. Alumni tend to cluster in industries that align with these major employers, with significant representation in IT services, financial services, healthcare administration, engineering consulting, and media/communications. Drexel's robust co-op system, often spanning three to five cycles, provides a direct pipeline to potential full-time employment. Graduate school placement rates are solid, with many students pursuing advanced degrees in fields like medicine, law, and specialized engineering disciplines. Notable alumni include figures like actor John Legend, former NFL player and coach Tony Dungy, and numerous leaders in business and technology. Drexel's Career Services are highly regarded, with a dedicated focus on co-op placement and career counseling, leveraging the university's strong industry connections. Geographic hiring patterns show a strong concentration of alumni in the greater Philadelphia metropolitan area, but also significant placements in other major East Coast hubs like New York City, Washington D.C., and Boston, as well as a growing presence in tech centers like San Francisco and Seattle.

Campus Life & Culture at Drexel University

Drexel's student body is diverse, drawing students from across the nation and internationally, with a significant portion coming from the Mid-Atlantic region. The university attracts ambitious, pragmatic, and career-oriented individuals who are eager to leverage their education in a major urban center. Students who thrive at Drexel are often self-starters, comfortable with a fast-paced environment, and keen to gain practical experience through the co-op program.

Drexel University's campus life is deeply intertwined with its urban setting in Philadelphia, offering a dynamic and engaged student experience. The university is spread across University City, a vibrant hub of academic institutions and innovation, meaning students are constantly immersed in a bustling city environment. This isn't a traditional, self-contained campus; instead, Drexel students are part of the city's fabric, with academic buildings, residence halls, and student centers integrated into the urban landscape. Social life often revolves around student organizations, which are plentiful and diverse, covering everything from academic clubs and cultural groups to recreational sports and volunteer initiatives. With over 350 student organizations, there's a strong emphasis on getting involved and finding your niche. Greek life is present, with several fraternities and sororities contributing to the social scene, though it's not the dominant force for all students. Athletics are a significant part of Drexel's identity, with the Dragons competing in the Colonial Athletic Association (CAA) across various NCAA Division I sports. The Daskalakis Athletic Center is a central hub for sports events and fitness. Housing options range from traditional dorms for freshmen to apartment-style living for upperclassmen, often located within walking distance of academic buildings. Off-campus housing in surrounding West Philadelphia neighborhoods is also a popular choice for many students. Dining is varied, with multiple campus dining halls, cafes, and retail food options, plus the advantage of Philadelphia's incredible culinary scene just steps away. The 'vibe' at Drexel is often described as driven, entrepreneurial, and pragmatic, reflecting its strong co-op program and focus on career preparation. Students are typically engaged, ambitious, and eager to make the most of their urban education.

Campus Highlights

  • The renowned Cooperative Education (Co-op) Program, offering up to 18 months of paid, full-time work experience.
  • Integration into the vibrant urban landscape of Philadelphia's University City.
  • Strong emphasis on innovation, entrepreneurship, and career readiness.
  • A diverse range of over 350 student organizations catering to varied interests.
  • The Daskalakis Athletic Center, a hub for NCAA Division I athletics and student fitness.
  • Proximity to world-class museums, historical sites, and a renowned culinary scene.
  • The DragonCard, a versatile student ID used for everything from building access to campus dining and laundry.

Location & Regional Advantages

Drexel University's location in Philadelphia, Pennsylvania, offers significant geographic advantages for students. Philadelphia boasts a dynamic and diverse job market, particularly strong in healthcare, education, finance, and technology. The city is home to major corporations like Comcast, Aramark, and Cigna, as well as a dense network of hospitals and research institutions, providing ample opportunities for internships and post-graduation employment. Proximity to other major industry hubs like New York City (a 1.5-hour train ride) and Washington D.C. (a 2-hour train ride) further expands career horizons, allowing students to easily access job fairs, networking events, and interviews in these bustling metropolitan areas. The cost of living in Philadelphia is generally more affordable than in cities like New York or Boston, making it a more manageable environment for students and recent graduates managing student debt. Quality of life in Philadelphia is high, with a rich cultural scene, numerous parks, a vibrant food scene, and a strong sense of community. While like any major city, safety is a consideration, Philadelphia has seen ongoing efforts to improve urban living. The university's central location within the city also provides students with easy access to urban amenities and a constant connection to the pulse of a major economic and cultural center, directly influencing career opportunities by placing them at the nexus of several key industries.

How to Get Into Drexel University

Drexel University employs a rolling admissions process, meaning applications are reviewed as they are received, with early decision (ED) and early action (EA) options available. Applying ED or EA can offer a slight advantage, particularly if Drexel is your clear top choice, as it signals strong commitment. The admissions committee values a holistic review, looking beyond just GPA and test scores (which are optional). They seek students who demonstrate academic rigor, a strong work ethic, and a clear interest in Drexel's unique co-op program and urban environment. Successful applicants often have GPAs in the B+ to A- range, though this can vary widely. While test scores are optional, if submitted, they generally fall within a competitive range for admitted students. Essays are crucial for showcasing personality, aspirations, and how a student will contribute to the Drexel community. Topics that highlight resilience, problem-solving skills, or a genuine passion for a chosen field, especially in relation to Drexel's programs, tend to resonate. Demonstrated interest is important; engaging with Drexel through campus visits (virtual or in-person), attending information sessions, and interacting with admissions representatives can positively impact your application. The timeline recommendation is to aim for ED/EA deadlines (typically November 1st) if possible, or regular decision deadlines (often February 1st) to ensure full consideration for both admission and merit scholarships.

How Drexel University Compares to Similar Schools

Similar schools: Northeastern University, Boston University, Syracuse University, George Washington University

Advantages

  • Drexel's co-op program is arguably more integrated and extensive than many peers, offering longer and more frequent work experiences.
  • Stronger focus on experiential learning and practical application across a wider range of majors.
  • Philadelphia location offers a more affordable cost of living compared to Boston or NYC, while still being a major hub.

Disadvantages

  • Higher sticker price compared to some public university alternatives.
  • The negative ROI score indicates a longer debt repayment period than some comparable institutions.

Best For

  • Prospective students interested in a more affordable education may want to consider other options.
  • Students seeking a more traditional liberal arts education might find Drexel less suitable.

Avoid If

  • Students looking for a more community-oriented college experience might find Drexel less appealing.
  • Those with a preference for smaller class sizes may not find Drexel to be the best fit.

Frequently Asked Questions about Drexel University

How much does it cost to attend Drexel University?

In-state tuition at Drexel University is $62,412 per year, and out-of-state tuition is $62,412 per year. The median student debt at graduation is $25,325.

What is the acceptance rate at Drexel University?

Drexel University has an acceptance rate of 79.4%.

What is the graduation rate at Drexel University?

Drexel University has a graduation rate of 77.6%.

How much do Drexel University graduates earn?

The median earnings for Drexel University graduates 10 years after enrollment is $84,648. With median debt of $25,325, graduates earn roughly 3.3x their debt level annually.

How big is Drexel University?

Drexel University has approximately 13,233 students and is classified as a large institution. It is located in Philadelphia, PA and is a Private Nonprofit institution.

Is Drexel University worth the cost?

Drexel University has an ROI score of -66 out of 100. With in-state tuition of $62,412 per year and median post-graduation earnings of $84,648, the data suggests the return on investment may be below average.

Where is Drexel University located?

Drexel University is located in Philadelphia, PA. It is a Private Nonprofit institution with approximately 13,233 students.

How much student debt do Drexel University graduates have?

The median student debt for Drexel University graduates is $25,325. With median earnings of $84,648 ten years after enrollment, graduates can expect a debt-to-income ratio of 30%.

Is Drexel University a good college?

Drexel University has a graduation rate of 77.6% and median post-graduation earnings of $84,648. Drexel has a high admission rate, suggesting it is accessible to a wide range of students.

How does Drexel University compare to similar colleges?

The university's student body is diverse, with a significant Asian population. Drexel University offers a strong return on investment through high earnings potential, despite high tuition costs.

What career prospects do Drexel University graduates have?

Graduates of Drexel University are well-positioned for careers in technology, engineering, and business due to the school's focus on applied learning.

What should prospective students know about Drexel University?

Drexel University is well-regarded in the Philadelphia job market, particularly for tech and engineering roles.

What makes Drexel University stand out?

Drexel's median earnings 10 years after graduation are among the highest in the region.

What are the pros and cons of attending Drexel University?

The school's tuition is high, but its ROI is negative, indicating potential financial strain.

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Analysis based on U.S. Department of Education data. Not enrollment advice. Verify information with the institution directly.