Office of Institutional Research, Assessment and Effectiveness
2014-2015 Drexel University Factbook
Undergraduate Financial Aid
#####
First-time, full-time, degree-seeking, fall first-year financial aid statistics
These statistics are not standardized across institutions -- for aid statistics using standard, Common Data Set definitions, see following pages.
Academic year
2012-13
2013-14
3,024
3,024
Entering class (first-time, full-time, fall first-year students)
2010-11
2,708
2011-12
3,042
Number receiving any financial aid (grants, loans, work study)
2,674
3,014
2,872
2,869
2,916
% of entering class
98.7%
99.1%
95.0%
94.9%
99.7%
Number receiving grant or gift aid (any source)
2,668
3,009
2,856
2,842
2,916
% of entering class
98.5%
98.9%
94.4%
94.0%
99.7%
Number receiving Drexel-source grant or gift aid
2,656
3,007
2,846
2,837
2,916
% of entering class
Average amount of Drexel-source grant per recipient
98.1%
$14,944
98.8%
$15,480
94.1%
$17,958
93.8%
$18,426
99.7%
$24,401
Number receiving Pell grant
% of entering class
Number receiving state-source grant or gift aid
% of entering class
Number receiving other scholarship grant or gift aid
% of entering class
2014-15
2,925
627
629
534
589
720
23.2%
20.7%
17.7%
19.5%
24.6%
451
527
452
406
436
16.7%
17.3%
14.9%
13.4%
14.9%
478
444
390
298
247
17.7%
14.6%
12.9%
9.9%
8.4%
All full-time, degree-seeking, fall enrolled undergraduate financial aid statistics (includes first-time, full-time)
These statistics are not standardized across institutions -- for aid statistics using standard, Common Data Set definitions, see following pages.
Full-time, fall, degree-seeking undergraduates
Number receiving any financial aid (grants, loans, work study)
% of all full-time, fall enrolled undergraduates
Number receiving grant or gift aid (any source)
Academic year
2012-13
2013-14
15,474
16,172
2010-11
13,545
2011-12
14,593
2014-15
16,565
12,033
12,901
13,527
14,076
14,275
88.8%
88.4%
87.4%
87.0%
86.2%
11,048
11,992
12,658
13,219
13,466
% of all full-time, fall enrolled undergraduates
81.6%
82.2%
81.8%
81.7%
81.3%
Number receiving Drexel-source grant or gift aid
9,850
10,757
11,462
12,031
12,266
% of all full-time, fall enrolled undergraduates
Average amount of Drexel-source grant per recipient
72.7%
$13,894
73.7%
$14,659
74.1%
$15,909
74.4%
$16,846
74.0%
$18,439
Number receiving Pell grant
3,035
3,241
3,189
3,405
3,545
% of all full-time, fall enrolled undergraduates
22.4%
22.2%
20.6%
21.1%
21.4%
Number receiving state-source grant or gift aid
2,018
2,113
2,297
2,227
2,145
% of all full-time, fall enrolled undergraduates
14.9%
14.5%
14.8%
13.8%
12.9%
Number receiving other scholarship grant or gift aid
1,967
1,946
2,000
1,901
1,514
% of all full-time, fall enrolled undergraduates
14.5%
13.3%
12.9%
11.8%
9.1%
Report produced 4/4/2016
Undergraduate financial aid [Page 1]
Office of Institutional Research, Assessment and Effectiveness
2014-2015 Drexel University Factbook
Financial aid awarded to all degree-seeking undergraduates
Includes aid awarded to full-time and part-time students. Aid that is non-need-based is counted as need-based if it is used to meet financial need. Items in
this section correspond to definitions for section H1 of the Common Data Set (CDS), and only include loan amounts made to students (e.g., excludes PLUS
loans)
Academic year
Need-based undergraduate financial aid
2010-11
2011-12
2012-13
2013-14
2014-15
Federal grant aid
$14,960,666
$14,724,451
$13,945,854
$14,695,221
$16,595,671
State grant aid
$5,347,543
$5,596,821
$6,137,190
$6,012,832
$5,673,847
Institutional grant aid (excludes tuition waivers and athletic aid)
$86,927,380
$97,579,369
$111,654,788
$123,990,919
$135,500,021
Other / external-source grant aid
$8,174,948
$9,143,879
$6,134,933
$5,383,341
$6,991,817
$115,410,537
$127,044,521
$137,872,764
$150,082,313
$164,761,356
Loans to student
$92,633,659
$100,732,433
$101,343,233
$98,296,291
$81,763,616
Federal work-study
$5,189,075
$6,445,009
$6,248,861
$1,618,415
$1,852,358
Total need-based self-help
$97,822,735
$107,177,442
$107,592,095
$99,914,706
$83,615,974
Tuition waivers
$4,092,888
$4,254,507
$5,427,269
$6,389,533
$3,588,917
Athletic awards (grant aid)
$2,237,097
$2,638,143
$2,497,560
$2,647,381
$2,453,761
Need-based grant aid
Total need-based grant aid
Need-based self-help
Other sources of need-based aid
Non-need-based undergraduate financial aid
Academic year
2010-11
2011-12
2012-13
2013-14
2014-15
$24,198
$7,964
$25,673
$39,917
$48,033
Institutional grant aid (excludes tuition waivers and athletic aid)
$35,739,802
$44,532,037
$53,149,406
$59,897,807
$76,054,557
Other / external-source grant aid
$3,926,440
$3,909,351
$2,323,111
$1,561,699
$2,288,252
Total non-need-based grant aid
$39,690,440
$48,449,352
$55,498,189
$61,499,424
$78,390,842
$26,812,009
$26,869,627
$25,544,805
$25,202,499
$27,180,911
Parent loans
$33,398,381
$43,153,415
$39,669,474
$44,235,764
$41,909,990
Tuition waivers
$4,473,169
$4,736,611
$5,342,437
$5,048,611
$2,987,367
Athletic awards (grant aid)
$3,389,757
$3,941,644
$4,281,827
$4,703,273
$5,585,150
$202,677,524
$226,169,772
Non-need-based grant aid
State grant aid
Non-need-based self-help
Loans to student
Other sources of non-need-based aid
Grand total undergraduate Drexel-source grant aid (need-based and non-need-based)
Institution-source, tuition waivers, and athletic grant
Report produced 4/4/2016
$136,860,092
$157,682,312
$182,353,287
Undergraduate financial aid [Page 2]
Office of Institutional Research, Assessment and Effectiveness
2014-2015 Drexel University Factbook
Financial Aid: First-time, full-time fall first-years (Common data set H2 definitions)
Academic year
Aid awarded to those with financial need (CDS H2)
a Entering class (first-time, full-time freshmen enrolled
2010-11
2011-12
2012-13
2013-14
2014-15
2,708
3,042
3,024
3,024
2,925
2,218
2,400
2,351
2,201
2,394
c Number in line a. determined to have financial need
1,906
2,039
1,926
1,814
2,027
d Number of students in line c. who received any aid
1,902
2,037
1,918
1,809
2,023
1,901
2,033
1,905
1,797
2,023
1,580
1,687
1,438
1,424
1,591
183
209
309
209
215
521
550
603
518
455
in the fall)
b Number who applied for financial aid
e Number of students in line d. who received any
need-based scholarship or grant aid
f Number of students in line d. who received any
need-based self-help aid
g Number of students in line d. who received any nonneed-based grant aid
h Number of students whose need was fully met
i On average, percentage of need met of students
who received any need-based aid
j Average financial aid package of those in line d.
71%
70%
75%
73%
73%
$28,640
$29,602
$31,449
$32,594
$38,736
k Average need-based gift award of those in line e.
$17,958
$18,706
$20,248
$21,761
$28,234
$9,511
$9,661
$10,026
$9,521
$9,160
$9,221
$9,207
$9,794
$9,396
$8,997
Aid awarded to those with no financial need (CDS H2a)
n Number of students in line a. who had no financial
2010-11
2011-12
2012-13
2013-14
2014-15
need who were awarded non-need-based
institutional grant or gift aid
o Average amount of non-need-based institutional
grant awarded to those in line n.
p Number of students in line a. who were awarded an
748
957
931
1,028
889
$12,230
$12,475
$14,374
$13,885
$17,724
30
32
27
43
39
$28,877
$22,342
$26,611
$22,833
$29,456
2010-11
2011-12
2012-13
2013-14
2014-15
82%
79%
78%
73%
82%
70%
67%
64%
60%
69%
70%
67%
63%
60%
69%
70%
67%
63%
59%
69%
l Average need-based self-help award of those in
line f.
m Average need-based loan of those in line f. who
received a need-based loan
institutional non-need-based athletic award
q Average amount of institutional non-need-based
athletic grant awarded to those in line p.
Other statistics based on CDS calculations
Percent of enrolled first-time, first-year students
applying for financial aid (line b / line a)
Percent assessed to have financial need (using
institutional methodology; line c / line a)
Percent offered need-based financial aid (includes
need-based grant, self-help, or loan; line d / line a)
Percent offered need-based grants (only gift awards
that need not be repaid; line e / line a)
Report produced 4/4/2016
Undergraduate financial aid [Page 3]
Office of Institutional Research, Assessment and Effectiveness
2014-2015 Drexel University Factbook
Financial Aid: Full-time, degree-seeking, fall undergraduates (Common data set H2 definitions)
Academic year
Aid awarded to those with financial need (CDS H2)
a Fall, full-time, degree-seeking undergraduates
2010-11
2011-12
2012-13
2013-14
2014-15
11,334
12,309
13,060
13,959
14,346
b Number who applied for financial aid
8,589
9,030
9,529
9,871
9,326
c Number in line a. determined to have financial need
7,754
8,195
8,509
8,764
8,172
d Number of students in line c. who received any aid
7,694
8,139
8,410
8,675
8,123
7,226
7,634
7,915
8,177
7,696
6,780
7,202
7,247
7,287
6,744
496
518
673
669
658
1,815
1,884
1,833
1,823
1,626
e Number of students in line d. who received any
need-based scholarship or grant aid
f Number of students in line d. who received any
need-based self-help aid
g Number of students in line d. who received any nonneed-based grant aid
h Number of students whose need was fully met
i On average, percentage of need met of students
who received any need-based aid
j Average financial aid package of those in line d.
70%
69%
68%
67%
67%
$29,182
$30,074
$30,569
$30,751
$31,773
k Average need-based gift award of those in line e.
$16,210
$16,748
$17,607
$18,830
$21,362
$13,098
$13,512
$13,394
$12,615
$11,055
$12,729
$13,140
$13,041
$12,534
$10,967
Aid awarded to those with no financial need (CDS H2a)
n Number of students in line a. who had no financial
2010-11
2011-12
2012-13
2013-14
2014-15
need who were awarded non-need-based
institutional grant or gift aid
o Average amount of non-need-based institutional
grant awarded to those in line n.
p Number of students in line a. who were awarded an
institutional non-need-based athletic award
q Average amount of institutional non-need-based
athletic grant awarded to those in line p.
2,671
3,116
3,365
3,806
4,593
$13,147
$13,932
$14,430
$14,464
$15,497
115
160
141
165
185
$26,708
$22,584
$26,964
$25,592
$26,830
2010-11
2011-12
2012-13
2013-14
2014-15
76%
73%
73%
71%
65%
68%
67%
65%
63%
57%
68%
66%
64%
62%
57%
64%
62%
61%
59%
54%
l Average need-based self-help award of those in
line f.
m Average need-based loan of those in line f. who
received a need-based loan
Other statistics based on CDS calculations
Percent of full-time degree-seeking undergraduates
applying for financial aid (line b / line a)
Percent assessed to have financial need (using
institutional methodology; line c / line a)
Percent offered need-based financial aid (includes
need-based grant, self-help, or loan; line d / line a)
Percent offered need-based grants (only gift awards
that need not be repaid; line e / line a)
Report produced 4/4/2016
Undergraduate financial aid [Page 4]