Drexel University

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2022 Undergraduate Tuition
$56,595
3.34% growth from 2021
2022 Average Net Price
$39,267
After Financial Aid
2019 Default Rate
0.962%
on Student Loans
2022 Acceptance Rate
79.6%
37,040 Applicants
2022 Enrolled Students
22,344
77.3% Full-Time
2022 Graduation Rate
78.2%
1,815 Graduates

About

Drexel University is a higher education institution located in Philadelphia County, PA. In 2022, the most popular Bachelors Degree concentrations at Drexel University were Registered Nursing (581 degrees awarded), Accounting & Finance (229 degrees), and Mechanical Engineering (184 degrees).

In 2022, 7,192 degrees were awarded across all undergraduate and graduate programs at Drexel University. 58.6% of these degrees were awarded to women, and 41.4% awarded men. The most common race/ethnicity group of degree recipients was white (3,772 degrees), 3.12 times more than then the next closest race/ethnicity group, asian (1,208 degrees).

The median undergraduate tuition at Drexel University is $56,595, which is $26,445 more than the national average for Doctoral Universities ($30,150).

Costs

In 2022, the median undergraduate tuition at Drexel University is $56,595, which is $26,445 more than the national average for Doctoral Universities ($30,150).

After taking grants and loans into account, the average net price for students is $39,267.

In 2022, 91% of undergraduate students attending Drexel University received financial aid through grants. Comparatively, 49% of undergraduate students received financial aid through loans.

Tuition Costs

$56,595
2022 Undergraduate Tuition

In 2022, the cost of tuition at Drexel University was $56,595. The cost of tuition at Drexel University is $26,445 more than than the overall (public and private) national average for Doctoral Universities ($30,150).

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Average Net Price

$39,267
2022 Value
50.6%
1 Year Growth

In 2022 Drexel University had an average net price — the price paid after factoring in grants and loans — of $39,267. Between 2021 and 2022, the average net price of Drexel University grew by 50.6%.

This chart compares the average net price of Drexel University (in red) with that of other similar universities.

Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

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Other Student Expenses

$16,965
Room and Board
$1,700
Books and Supplies

The average yearly cost of room and board at Drexel University was of $16,965 in 2022. The cost of room and board increased by 1.98% between 2021 and 2022.

During the same period, the average yearly cost of books and supplies was $1,700. The cost of books and supplies did not change during the same period.

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Financial Aid by Income Level

91%
Undergraduates Receiving Financial Aid through Grants
49%
Undergraduates Receiving Financial Aid through Loans

91% of undergraduate students at Drexel University received financial aid through grants or loans in 2022. This represents a growth of 1.11% with respect to 2021, when 90% of undergraduate students received financial aid.

This chart compares the average award discount at Drexel University (in red) with that of other similar universities.

The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

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Student Loan Default Rate

Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.
0.962%
2019 Default Rate
50
Number of Defaults

In 2019 the default rate for borrower's at Drexel University was 0.962%, which represents 50 out of the 5199 total borrowers.

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

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Admissions

Drexel University received 37,040 undergraduate applications in 2022, which represents a 7.3% annual growth. Out of those 37,040 applicants, 29,487 students were accepted for enrollment, representing a 79.6% acceptance rate.

There were 22,344 students enrolled at Drexel University in 2022. 41% of first-time enrollees submitted SAT scores with their applications.

Drexel University has an overall enrollment yield of 9.95%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

79.6%
Acceptance Rate in 2022
29,487
Accepted Out of 37,040

In 2022, the undergraduate acceptance rate of Drexel University was 79.6% (29,487 admissions from 37,040 applications). This is lower than the acceptance rate of 2021, which was 82.6%. Between 2021 and 2022, the number of applicants grew by 7.3%, while admissions grew by 3.38%..

This chart compares the acceptance rate of Drexel University (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

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SAT Scores

41%
Submission Percentage (2022)
1,196
Scores Submitted (2022)

41% of enrolled first-time students at Drexel University in 2022 submitted SAT scores with their applications.

The following chart shows the average SAT scores for the 25th, 50th, and 75th percentile of applicants for each section of the test that they are evaluated on.

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Enrollment

Drexel University had a total enrollment of 22,344 students in 2022. The full-time enrollment at Drexel University is 17,263 students and the part-time enrollment is 5,081. This means that 77.3% of students enrolled at Drexel University are enrolled full-time.

The enrolled student population at Drexel University, both undergraduate and graduate, is 47.5% White, 18.9% Asian, 9.2% Black or African American, 7.55% Hispanic or Latino, 3.97% Two or More Races, 0.0492% Native Hawaiian or Other Pacific Islanders, and 0.0492% American Indian or Alaska Native.

Students enrolled at Drexel University in full-time Undergraduate programs are most commonly White Male (23.9%), followed by White Female (20.3%) and Asian Male (12.3%). Students enrolled in full-time Graduate programs are most commonly White Female (26.8%), followed by White Male (18%) and Asian Female (8.76%).

Full-Time vs Part-Time Enrollment

77.3%
Full-Time Enrollment

The total enrollment at Drexel University in 2022, both undergraduate and graduate, is 22,344 students. The full-time enrollment at Drexel University is 17,263 and the part-time enrollment is 5,081. This means that 77.3% of students enrolled at Drexel University are enrolled full-time compared with 77.4% at similar Doctoral Universities.

This chart shows the full-time vs part-time enrollment status at Drexel University (in red) compares to similar universities.

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Retention Rate over Time

87%
2022 Retention Rate

Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall. The retention rate for full-time undergraduates at Drexel University was 87%. Compared with the full-time retention rate at similar Doctoral Universities (84%), Drexel University had a retention rate higher than its peers.

This chart shows the retention rate over time at Drexel University (highlighted in red) compares to similar universities.

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2022)
  1. White
    10,616 enrolled students
  2. Asian
    4,216 enrolled students
  3. Black or African American
    2,055 enrolled students

The enrolled student population at Drexel University is 47.5% White, 18.9% Asian, 9.2% Black or African American, 7.55% Hispanic or Latino, 3.97% Two or More Races, 0.0492% Native Hawaiian or Other Pacific Islanders, and 0.0492% American Indian or Alaska Native. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Doctoral Universities is 47.5% White, 15.5% Hispanic or Latino, and 9.58% Black or African American.

Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 553 students (2.47%) did not report their race.

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Graduates

In 2022, 1,234 more women than men received degrees from Drexel University. The most common race/ethnicity group of degree recipients at Drexel University is white (3,772 degrees awarded). There were 3.12 times more white recipients than the next closest race/ethnicity group, asian (1208 degrees).

The most common Bachelor's Degree concentration at Drexel University is Registered Nursing (581 degrees awarded), followed by Accounting & Finance (229 degrees) and Mechanical Engineering (184 degrees).

In 2022,  the most specialized majors across all degree types at Drexel University, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Library Science (58 degrees awarded), Engineering (953 degrees), and Legal (250 degrees).

Common Jobs by Major

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Drexel University are Software developers (450,947 people), Physicians (424,011 people), Other managers (397,463 people), Miscellaneous engineers, including nuclear engineers (348,177 people), and Civil engineers (280,790 people).

The most specialized majors at Drexel University in 2022 are Library Science (58 degrees awarded), Engineering (953 degrees), Legal (250 degrees), Language & Linguistics (115 degrees), and Biology (454 degrees) (as of 2022).

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Highest Paying Jobs by Major

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Drexel University are Podiatrists, Surgeons, Nuclear medicine technologists and medical dosimetrists, Physicians, and Securities, commodities, & financial services sales agents

The most specialized majors at Drexel University are Library Science (58 degrees awarded), Engineering (953 degrees), Legal (250 degrees), Language & Linguistics (115 degrees), and Biology (454 degrees) (as of 2022).

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Common Industries by Major

The most common industries for people who hold a degree in one of the 5 most specialized majors at Drexel University are General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (522,931 people), Computer Systems Design (493,695 people), Colleges, universities & professional schools, including junior colleges (450,753 people), Architectural, engineering & related services (444,978 people), and Construction (306,316 people).

The most specialized majors at Drexel University are Library Science (58 degrees awarded), Engineering (953 degrees), Legal (250 degrees), Language & Linguistics (115 degrees), and Biology (454 degrees) (as of 2022).

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Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Drexel University.
Most Common (2022)
  1. 581 degrees awarded
  2. 229 degrees awarded
  3. 184 degrees awarded

In 2022, the most common bachelors degree concentration at Drexel University was Registered Nursing with 581 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from bachelors degree programs at Drexel University according to their major.

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Sex Breakdown for Common Majors

2,979
Degrees Awarded to Men
in 2022
4,213
Degrees Awarded to Women
in 2022

In 2022, 2,979 degrees were awarded to men at Drexel University, which is 0.707 times less than the number of degrees awarded to females (4,213).

This chart displays the sex disparity between the top 5 majors at Drexel University by degrees awarded.

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Most Common Male Majors

In 2022, 196 degrees were awarded to men at Drexel University in Computer Science, which is 5.16 times more than the 38 female recipients with that same degree.

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Most Common Female Majors

In 2022, 791 degrees were awarded to men at Drexel University in Registered Nursing, which is 7.68 times more than the 103 male recipients with that same degree.

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Time to Complete

26%
100% Completion Time
71%
150% Completion Time

In 2022, 26% of students graduating from Drexel University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 71% completed their degrees within 150% of the normal time, and 72% within 200%.

The following chart shows these completion rates over time compared to the average for the Doctoral Universities Carnegie Classification group.

Graduation rate is defined as the percentage of full-time, first-time students who received a degree or award within a specific percentage of "normal time" to completion for their program.

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Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.
Asian Female
Highest Graduation Rate (87.3%)

The student demographic with the highest graduation rate in 2022 at Drexel University is Female and Asian (87.3% graduation rate). Across all Doctoral Universities, Asian Female students have the highest graduation rate (73.2%).

The department of education defines graduation rate as the percentage of full-time, first-time students who received a degree or award within 150% of "normal time" to completion.

The National Center for Education Statistics (NCES) categorizes any student who is studying in the United States on a temporary basis as a "Non-Resident Alien", and the graduation rate of those students is shown in the chart below. Additionally, 2.26% of graduates (41 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2022)
  1. White
    3,772 degrees awarded
  2. Asian
    1,208 degrees awarded
  3. Black or African American
    648 degrees awarded

The most common race/ethnicity at Drexel University is white (3,772 degrees awarded). There were 3.12 times more white recipients than the next closest race/ethnicity group, asian (1208 degrees).

2.39% of degree recipients (172 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic (2022)
  1. White Female
    2,170 degrees awarded
  2. White Male
    1,602 degrees awarded
  3. Asian Female
    710 degrees awarded

The most common race/ethnicity and sex grouping at Drexel University is white female (2,170 degrees awarded). There were 1.35 times more white female recipients than the next closest race/ethnicity group, white male (1602 degrees).

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Operations

Drexel University has an endowment valued at nearly $948M, as of the end of the 2022 fiscal year. The return on its endowment was of 48.9M (5.16%) compared to the 1.13% average return (4.2M on 373M) across all Doctoral Universities.

In 2022, Drexel University had a total salary expenditure of 1.03B. Drexel University employs 499 Instructors, 238 Professors and 200 Associate professors. Most academics at Drexel University are Female Instructor (280), Male Instructor (219), and Male Professor (167).

The most common positions for non-instructional staff at Drexel University are: Business and Financial Operations, with 532 employees, Management, with 427 employees, and Computer, Engineering, and Science with 319 employees.

Endowment

$948M
2022 Endowment
1.81%
decline from 2021

Drexel University has an endowment valued at about $948M, as of the end of the 2022 fiscal year. The endowment of Drexel University declined 1.81% from the previous year. The value of their endowment was $576M higher than than the median endowment of Doctoral Universities according to the Carnegie Classification grouping.

This line chart shows how the endowment at Drexel University (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Doctoral Universities: Higher Research Activity Carnegie Classification grouping.

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Government Grants and Contracts

Grants & Contracts
  1. $122M - Federal
  2. $3.8M - State
  3. $1.4M - Local

As of 2022, Drexel University received $122M in grants and contracts from the federal government, $3.8M from state grants and contracts, and $1.4M from local grants and contracts.

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Salary Expenditure

$417M
2022 Salaries
4.28%
growth from 2021

In 2022, Drexel University paid a median of $417M in salaries, which represents 40.5% of their overall expenditure ($1.03B) and a 4.28% growth from the previous year.

The median for similar Doctoral Universities is 246M (41.5% of overall expenditures).

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Instructional Salaries

$121M
Instructional Salaries
1,047
Number of Employees

In 2022, Drexel University paid a total of $121M to 1,047 employees working as instructors, which represents 29% of all salaries paid.

This is compared to a median of $73.7M (30%) for similar Doctoral Universities.

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Occupations by Share

Instructor
Most Common Instructor
499 Employees
Business and Financial Operations
Most Common Non-Instructional Employee
532 Employees

In 2022, the most common positions for instructional staff at Drexel University were Instructor with 499 employees, Professor with 238 employees, and Associate professor with 200 employees.

In 2022, the most common positions for non-instructional staff at Drexel University were Business and Financial Operations with 532 employees, Management with 427 employees, and Computer, Engineering, and Science with 319 employees.

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Instructors by Academic Rank and Sex

Most Common Demographic (2022)
  1. Female Instructor
  2. Male Instructor
  3. Male Professor

In 2022, the most common demographic for instructional staff at Drexel University was Female Instructor with 280 employees, Male Instructor with 219 employees, and Male Professor with 167 employees.

This chart shows the sex split between each academic rank present at Drexel University.

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