Drew University’s tuition for the academic year is $43,824. This figure doesn’t include room, board, books, supplies, and personal expenses. Thankfully, various types of financial aid such as scholarships, grants, loans, and work-study programs can help lower these costs.
The University awarded $35 million in institutional grants and scholarships last year, which can significantly reduce your net price. Use the net price calculator for personalized cost estimates, considering your eligibility for aid.
Understanding these components can greatly assist you in planning and managing your college finances effectively. Explore further to uncover the full scope of financial opportunities available at Drew University.
Key Takeaways
- Drew University’s tuition is $43,824 for the academic year.
- Total cost includes tuition, fees, room, board, books, supplies, and personal expenses.
- Net price varies based on individual grants and scholarships received.
- Financial aid options include grants, scholarships, loans, and work-study programs.
- Use the net price calculator for personalized cost estimates.
Drew University Tuition Fees And Scholarship Grant
Here are the breakdown of the Drew University Tuition fees for both residents and international students. We have also added all the miscellaneous so you know the total amount you’ll be paying after getting an admission. Let’s start with the cost of attendance!
Cost of Attendance
The Cost of Attendance is sometimes referred to as a student budget. This is an estimate of the total amount of your educational expenses for the period of enrollment during the Award Year and is reflected on your financial aid award letter.
The Cost of Attendance assumes full-time enrollment and will be reduced if you enroll less than full-time. When evaluating the cost of attendance at Drew University, it’s essential to consider both direct and indirect expenses that contribute to the overall financial commitment. The total cost of attendance includes tuition, fees, books, supplies, housing, food, transportation, and personal expenses. Direct costs, such as tuition and fees, are billed by the University, while indirect costs are estimated expenses you might incur outside the University.
For undergraduates in the College of Liberal Arts, the cost of attendance varies based on whether you live on-campus, commute, or reside off-campus. Room and board are significant components, especially for those who choose on-campus housing. Graduate and Theological students will also find that their costs are influenced by their specific program and full-time enrollment status.
Financial aid plays a crucial role in managing these expenses. Drew University offers a range of financial aid options, including scholarships, grants, loans, and work-study programs, to help offset the overall costs. Utilizing the net price calculator can provide a more personalized estimate by factoring in potential financial aid. This comprehensive approach ensures you get a clearer picture of the financial landscape at Drew University.
Tuition and Fees
Drew University’s tuition for the academic year (2023-2024) currently is $43,824, which includes various campus service fees and amenities. This amount is slightly below the national average cost of $45,713 for private institutions.
When evaluating the affordability of attending Drew University, you should consider the net price, which is the tuition cost after deducting any grants and scholarships. The net price can vary significantly based on your individual circumstances, such as eligibility for financial aid awards.
In addition to tuition, you’ll need to budget for room and board, books, supplies, and personal expenses. The total cost of attendance encompasses these additional expenses, which can further impact the overall cost.
Drew University encourages students to use the net price calculator available on their website to get a more accurate estimate of their individual costs.
While the sticker price might seem daunting, remember that the institution offers various financial aid packages to help offset expenses. These packages can include grants, loans, scholarships, and work-study opportunities.
(Scheduled Fees) 2024-2025 Undergraduate Students / College Of Liberal ARTS Cost Of Attendance
| On Campus | Commuter | Off Campus | |
|---|---|---|---|
| Tuition | $45,950.00 | $45,950.00 | $45,950.00 |
| Fees | $1,150.00 | $1,150.00 | $1,150.00 |
| Housing* | $11,254.00 | $0.00 | $0.00 |
| Food | $6,386.00 | $0.00 | $0.00 |
| sub total of direct charges* | $64,740.00 | $47,100.00 | $47,100.00 |
| Housing | $0.00 | $0 | $12,230.00 |
| Food | $0.00 | $5,113 | $5,113.00 |
| Books / Supplies | $1,226.00 | $1,226.00 | $1,226.00 |
| Misc (incl. computer) | $809.00 | $809.00 | $2,823.00 |
| Transportation | $948.00 | $2,560.00 | $2,560.00 |
| Pesonal Expenses | $2,512.00 | $2,512.00 | $2,512.00 |
| Loan Fees | $55.00 | $55.00 | $55.00 |
| Total | $69,140.00 | $58,225.33 | $73,619.00 |
Average of all housing costs
Drew University will bill students for direct charges which include tuition, fees, and room and board. In addition to billed charges from Drew, students will need to pay for other expenses such as books and supplies, transportation, and miscellaneous costs (like laundry and personal care items).
Final tuition and fees are set annually in June by the Drew Board of Trustees.
NOTE: Students may appeal to include the cost of a one-time purchase of a computer for school use. However, including the cost of a computer does not guarantee that you will have enough funding to pay for the purchase of a computer after your other charges are paid. Only if you have aid in excess of tuition, fees, room and board (if you contract with the school) will you receive a refund to assist with the purchase of a computer.
(Scheduled Fees) 2024-2025 Graduate & Theological Costs
Caspersen School programs (except MAT/MED/TOSD/ESL) and the GDR program in the Theological School
| On Campus | Commuter | Off Campus | |
|---|---|---|---|
| Tuition (FT 9 credits) | $26,010.00 | $26,010.00 | $26,010.00 |
| Fees | $1,000.00 | $1,000.00 | $1,000.00 |
| Housing | $12,932.00 | $0.00 | $0.00 |
| Food | $6,386.00 | $0.00 | $0.00 |
| sub total of direct charges* | $46,328.00 | $27,010.00 | $27,010.00 |
| Housing | $0.00 | $0 | $15,866.00 |
| Food | $0.00 | $5,113 | $5,113.00 |
| Books / Supplies | $1,226.00 | $1,226.00 | $1,226.00 |
| Misc (incl. computer) | $809.00 | $809.00 | $2,823.00 |
| Transportation | $948.00 | $2,560.00 | $2,560.00 |
| Pesonal Expenses | $2,512.00 | $2,512.00 | $2,512.00 |
| Loan Fees | $220.00 | $220.00 | $220.00 |
| Total | $52,043.00 | $39,450.00 | $57,330.00 |
The Graduate and Theological Summary of Costs is based on full-time enrollment (9 credit hours) per semester for two semesters. Costs may vary based on actual enrollment and program.
Tuition costs are averages and vary by program.
Financial Aid Options
You’ll find that Drew University provides a comprehensive array of financial aid options, including need-based and merit-based awards, to help students manage their educational expenses. Financial aid packages at Drew University can significantly reduce the burden of tuition and fees, making higher education more accessible.
The types of aid available at Drew University include:
- Grants and Scholarships: These are often awarded based on financial need or academic merit and don’t need to be repaid. Last year, Drew University provided $35 million in institutional grants and scholarships to students.
- Loans: Low-interest loans are available and must be repaid after graduation. These can be subsidized or unsubsidized, depending on financial need.
- Work-Study Programs: These offer part-time employment opportunities on or near campus, allowing students to earn money to cover some of their educational expenses.
Drew University’s financial aid program aims to attract a diverse and talented student body by offering comprehensive assistance tailored to individual needs. By leveraging the various types of aid, you can manage your tuition and fees more effectively, ensuring that financial barriers don’t stand in the way of your education.
Scholarships and Grants
To help students afford their education, Drew University offers a variety of scholarships and grants that don’t require repayment. These financial aid options are designed to reduce the overall cost for students, making higher education more accessible and manageable.
Scholarships and grants are awarded based on different criteria, including merit, talent, and financial need, ensuring that a diverse range of students receive support. Merit-based scholarships are often given to students who demonstrate exceptional academic achievements or possess unique talents. These scholarships can significantly lower the cost of tuition, allowing students to focus more on their studies rather than financial burdens.
Need-based grants, on the other hand, are provided to students whose financial circumstances might otherwise prevent them from attending. Drew University also offers specialized scholarships for students from various backgrounds and achievements, ensuring inclusivity and opportunity for all.
Student Loan Information
While scholarships and grants significantly alleviate educational costs, student loans often play a crucial role in bridging the financial gap for many Drew University students. Federal loans, which are subject to change annually, provide essential aid to cover remaining tuition and living expenses. For Drew University students, the median federal loan debt stands at $25,288, leading to a typical monthly payment of $268 post-graduation.
When considering student loans, it’s crucial to understand the commitment involved. Unlike scholarships and grants, loans need to be repaid with interest. Here are three key points to consider:
- Interest Rates: Federal loans generally offer lower interest rates compared to private loans. These rates are subject to change and are usually fixed for the life of the loan.
- Repayment Plans: Various repayment plans are available, including income-driven repayment options that adjust based on your financial situation.
- Loan Forgiveness: Certain federal loan forgiveness programs might be available, particularly for those entering public service fields.
Taking out a loan is a significant decision, and you should carefully evaluate your financial need, the total amount you’ll need to pay back, and how it fits into your long-term financial plans.
Work-Study Opportunities
Drew University provides work-study programs that enable students with financial need to earn money through on-campus employment. These opportunities are designed to help you manage your educational and personal expenses while gaining valuable work experience. The positions available span various departments, allowing you to find roles that align with your skills and interests.
Work-study earnings can be a significant resource to cover costs such as books and supplies, which are essential to your academic success. By participating in these programs, you can alleviate some of the financial pressures, enabling you to focus more on your studies without the constant worry about expenses.
Drew University’s work-study programs aim to support you in balancing your financial responsibilities with your educational commitments. You’ll not only earn money but also develop professional skills that can be beneficial in your future career. The university recognizes the importance of providing practical financial support and work-study is a key component in this strategy.
In essence, Drew University’s work-study opportunities are a practical solution for managing costs, such as books and supplies, making your college experience more affordable and enriching.
Net Price Calculator
The Net Price Calculator offers a personalized estimate of your actual cost of attending Drew University by factoring in individual financial circumstances and deducting scholarships and grants. This tool is invaluable for prospective students and their families as it provides a clearer picture of what you can expect to pay out-of-pocket.
Here’s how using the Net Price Calculator can benefit you:
- Personalized Estimates: By inputting your financial details, the calculator tailors the cost estimate to your specific situation, making it more accurate than general tuition figures.
- Informed Financial Planning: Knowing your estimated costs can help you and your family plan ahead for necessary expenses, ensuring you’re financially prepared for college.
- Aid Awareness: It highlights the potential impact of grants and scholarships on reducing your overall costs, giving you a better understanding of available financial aid.
Using the Net Price Calculator can demystify the financial aspects of your education at Drew University. This tool helps you make informed decisions by offering a realistic view of your financial commitments, allowing you to prepare effectively for your academic journey.
How Much Is Drew University Full Tuition?
The full tuition at Drew University is $43,824 per year. This cost includes various campus services. Don’t forget to consider additional expenses like room, board, and supplies, which will affect your total cost of attendance.
Is Drew University an Expensive School?
Drew University might seem expensive at $43,824 for tuition, slightly below the national average. However, after considering financial aid, grants, and scholarships, the net price could be more affordable, depending on your individual financial circumstances.
How Much Is Drew Tuition 2024?
Drew University’s 2024 tuition is $43,824, which is below the national average of $45,713. You’ll find this amount includes various campus services. To better understand your costs, use the net price calculator provided by the university.
How Prestigious Is Drew University?
You’ll find Drew University is fairly prestigious, ranked #117 among National Liberal Arts Colleges by U.S. News & World Report. With a 10:1 student-faculty ratio and an 86% freshman retention rate, it offers quality education and support.
Conclusion
Navigating Drew University’s tuition costs is like preparing for a hike up a mountain. With the right gear—scholarships, grants, and financial aid—you’ll find the climb manageable.
Just like a hiker uses a map, use the net price calculator to chart your course.
Remember, many students reach the summit with a mix of work-study, loans, and grants. By exploring all these resources, you can achieve your goal of affording a quality education at Drew University.
