Drexel University

www.drexel.edu

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2023 Undergraduate Tuition

$58,293

3% growth from 2022

2023 Average Net Price

$42,342

After Financial Aid

2020 Default Rate

on Student Loans

2023 Acceptance Rate

77.5%

40,204 Applicants

2023 Enrolled Students

21,703

78% Full-Time

2023 Graduation Rate

77.1%

2,518 Graduates

About

Drexel University is a higher education institution located in Philadelphia County, PA. In 2023, the most popular Bachelors Degree concentrations at Drexel University were Registered Nursing (470 degrees awarded), Accounting & Finance (255 degrees), and Computer Science (209 degrees).

In 2023, 7,295 degrees were awarded across all undergraduate and graduate programs at Drexel University. 57.9% of these degrees were awarded to women, and 42.1% awarded men. The most common race/ethnicity group of degree recipients was white (3,620 degrees), 2.75 times more than then the next closest race/ethnicity group, asian (1,314 degrees).

The median undergraduate tuition at Drexel University is $58,293, which is $27,290 more than the national average for Doctoral Universities ($31,004).

In 2020 the default rate for borrower's at Drexel University was 0%, corresponding to 0 out of the 4,768 total borrowers.

Photo by Tom Ipri

Doctoral Universities: Higher Research Activity Doctoral Universities

Costs

In 2023, the median undergraduate tuition at Drexel University is $58,293, which is $27,290 more than the national average for Doctoral Universities ($31,004).

After taking grants and loans into account, the average net price for students is $42,342.

In 2023, 91% of undergraduate students attending Drexel University received financial aid through grants. Comparatively, 49% of undergraduate students received financial aid through loans.

Tuition Costs

$58,293

2023 Undergraduate Tuition

In 2023, the cost of tuition at Drexel University was $58,293. The cost of tuition at Drexel University is $27,290 more than than the overall (public and private) national average for Doctoral Universities ($31,004).

This chart compares the tuition costs of Drexel University (in red) with those of other similar universities.

Average Net Price

$42,342

2023 Value

7.83%

1 Year Growth

In 2023 Drexel University had an average net price — the price paid after factoring in grants and loans — of $42,342. Between 2022 and 2023, the average net price of Drexel University grew by 7.83%.

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.

Other Student Expenses

$17,303

Room and Board

$1,700

Books and Supplies

The average yearly cost of room and board at Drexel University was of $17,303 in 2023. The cost of room and board increased by 1.99% between 2022 and 2023.

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.

This chart compares the average student costs at Drexel University (in red) with that of similar universities.

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 2023. This represents a growth of 0% with respect to 2022, when 91% 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.

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.

2020 Default Rate

Number of Defaults

In 2020 the default rate for borrower's at Drexel University was 0%, which represents 0 out of the 4768 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.

Admissions

Drexel University received 40,204 undergraduate applications in 2023, which represents a 8.54% annual growth. Out of those 40,204 applicants, 31,171 students were accepted for enrollment, representing a 77.5% acceptance rate.

There were 21,703 students enrolled at Drexel University in 2023. 38% of first-time enrollees submitted SAT scores with their applications.

Drexel University has an overall enrollment yield of 9.25%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

77.5%

Acceptance Rate in 2023

31,171

Accepted Out of 40,204

In 2023, the undergraduate acceptance rate of Drexel University was 77.5% (31,171 admissions from 40,204 applications). This is lower than the acceptance rate of 2022, which was 79.6%. Between 2022 and 2023, the number of applicants grew by 8.54%, while admissions grew by 5.71%.

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.

SAT Scores

38%

Submission Percentage (2023)

1,094

Scores Submitted (2023)

38% of enrolled first-time students at Drexel University in 2023 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.

Enrollment

Drexel University had a total enrollment of 21,703 students in 2023. The full-time enrollment at Drexel University is 16,930 students and the part-time enrollment is 4,773. This means that 78% of students enrolled at Drexel University are enrolled full-time.

The enrolled student population at Drexel University, both undergraduate and graduate, is 44.8% White, 19.4% Asian, 9.82% Black or African American, 7.96% Hispanic or Latino, 4.04% Two or More Races, 0.0829% American Indian or Alaska Native, and 0.0645% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Drexel University in full-time Undergraduate programs are most commonly White Male (23.4%), followed by White Female (19.8%) and Asian Male (12.6%). Students enrolled in full-time Graduate programs are most commonly White Female (25.2%), followed by White Male (16.9%) and Asian Female (8.8%).

Full-Time vs Part-Time Enrollment

78%

Full-Time Enrollment

The total enrollment at Drexel University in 2023, both undergraduate and graduate, is 21,703 students. The full-time enrollment at Drexel University is 16,930 and the part-time enrollment is 4,773. This means that 78% of students enrolled at Drexel University are enrolled full-time compared with 77.9% at similar Doctoral Universities.

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

Retention Rate over Time

90%

2023 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 90%. 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.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)

White
9,732 enrolled students
Asian
4,214 enrolled students
Black or African American
2,132 enrolled students

The enrolled student population at Drexel University is 44.8% White, 19.4% Asian, 9.82% Black or African American, 7.96% Hispanic or Latino, 4.04% Two or More Races, 0.0829% American Indian or Alaska Native, and 0.0645% Native Hawaiian or Other Pacific Islanders. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Doctoral Universities is 46.5% White, 15.9% Hispanic or Latino, and 9.78% 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, 617 students (2.84%) did not report their race.

Graduates

In 2023, 1,155 more women than men received degrees from Drexel University. The most common race/ethnicity group of degree recipients at Drexel University is white (3,620 degrees awarded). There were 2.75 times more white recipients than the next closest race/ethnicity group, asian (1,314 degrees).

The most common Bachelor's Degree concentration at Drexel University is Registered Nursing (470 degrees awarded), followed by Accounting & Finance (255 degrees) and Computer Science (209 degrees).

In 2023, 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 (41 degrees awarded), Engineering (992 degrees), and Legal (239 degrees).

Common Jobs by Major

Software developers

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 (483,488 people), Physicians (429,290 people), Other managers (406,713 people), Miscellaneous engineers, including nuclear engineers (361,557 people), and Civil engineers (298,488 people).

The most specialized majors at Drexel University in 2023 are Library Science (41 degrees awarded), Engineering (992 degrees), Legal (239 degrees), Language & Linguistics (101 degrees), and Biology (472 degrees) (as of 2023).

Highest Paying Jobs by Major

Podiatrists

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 (41 degrees awarded), Engineering (992 degrees), Legal (239 degrees), Language & Linguistics (101 degrees), and Biology (472 degrees) (as of 2023).

Common Industries by Major

General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals

Most Common Industry

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).

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 (2023)

Registered Nursing
470 degrees awarded
Accounting & Finance
255 degrees awarded
Computer Science
209 degrees awarded

In 2023, the most common bachelors degree concentration at Drexel University was Registered Nursing with 470 degrees awarded.

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

Sex Breakdown for Common Majors

3,070

Degrees Awarded to Men

in 2023

4,225

Degrees Awarded to Women

in 2023

In 2023, 3,070 degrees were awarded to men at Drexel University, which is 0.727 times less than the number of degrees awarded to females (4,225).

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

Most Common Male Majors

In 2023, 243 degrees were awarded to men at Drexel University in Computer Science, which is 3.98 times more than the 61 female recipients with that same degree.

Most Common Female Majors

In 2023, 692 degrees were awarded to men at Drexel University in Registered Nursing, which is 8.24 times more than the 84 male recipients with that same degree.

Time to Complete

31%

100% Completion Time

78%

150% Completion Time

In 2023, 31% of students graduating from Drexel University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 78% completed their degrees within 150% of the normal time, and 79% 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.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

Asian Female

Highest Graduation Rate (86%)

The student demographic with the highest graduation rate in 2023 at Drexel University is Female and Asian (86% graduation rate). Across all Doctoral Universities, Non-resident Alien Male students have the highest graduation rate (65.7%).

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, 1.95% of graduates (49 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)

White
3,620 degrees awarded
Asian
1,314 degrees awarded
Black or African American
599 degrees awarded

The most common race/ethnicity at Drexel University is white (3,620 degrees awarded). There were 2.75 times more white recipients than the next closest race/ethnicity group, asian (1,314 degrees).

2.1% of degree recipients (153 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2023)

White Female
2,100 degrees awarded
White Male
1,520 degrees awarded
Asian Female
735 degrees awarded

The most common race/ethnicity and sex grouping at Drexel University is white female (2,100 degrees awarded). There were 1.38 times more white female recipients than the next closest race/ethnicity group, white male (1,520 degrees).

Operations

Drexel University has an endowment valued at nearly $966M, as of the end of the 2023 fiscal year. The return on its endowment was of 80M (8.27%) compared to the 4.37% average return (19M on 434M) across all Doctoral Universities.

In 2023, Drexel University had a total salary expenditure of 1.04B. Drexel University employs 495 Instructors, 240 Professors and 191 Associate professors. Most academics at Drexel University are Female Instructor (272), Male Instructor (223), and Male Professor (163).

The most common positions for non-instructional staff at Drexel University are: Business and Financial Operations, with 483 employees, Management, with 465 employees, and Computer, Engineering, and Science with 334 employees.

Endowment

$966M

2023 Endowment

1.89%

growth from 2022

Drexel University has an endowment valued at about $966M, as of the end of the 2023 fiscal year. The endowment of Drexel University grew 1.89% from the previous year. The value of their endowment was $532M 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.

Government Grants and Contracts

Grants & Contracts

$129M - Federal
$5.38M - State
$1.33M - Local

As of 2023, Drexel University received $129M in grants and contracts from the federal government, $5.38M from state grants and contracts, and $1.33M from local grants and contracts.

Salary Expenditure

$437M

2023 Salaries

4.72%

growth from 2022

In 2023, Drexel University paid a median of $437M in salaries, which represents 41.8% of their overall expenditure ($1.04B) and a 4.72% growth from the previous year. This is compared to a 4.28% growth between 2021 and 2022, and a 9.35% decline between 2020 and 2021.

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

Instructional Salaries

$126M

Instructional Salaries

1,051

Number of Employees

In 2023, Drexel University paid a total of $126M to 1,051 employees working as instructors, which represents 28.8% of all salaries paid.

This is compared to a median of $6.13M (2.35%) for similar Doctoral Universities.

Occupations by Share

Instructor

Most Common Instructor

495 Employees

Business and Financial Operations

Most Common Non-Instructional Employee

483 Employees

In 2023, the most common positions for instructional staff at Drexel University were Instructor with 495 employees, Professor with 240 employees, and Associate professor with 191 employees.

In 2023, the most common positions for non-instructional staff at Drexel University were Business and Financial Operations with 483 employees, Management with 465 employees, and Computer, Engineering, and Science with 334 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2023)

Female Instructor
Male Instructor
Male Professor

In 2023, the most common demographic for instructional staff at Drexel University was Female Instructor with 272 employees, Male Instructor with 223 employees, and Male Professor with 163 employees.

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

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