Drexel University

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2020 Undergraduate Tuition
$53,868
3.3% growth from 2019
2020 Average Net Price
$39,463
After Financial Aid
2018 Student Loan
1.96%
Default Rate
2020 Acceptance Rate
77.2%
31,237 Applicants
2020 Enrolled Students
23,589
74.1% Full-Time
2020 Graduation Rate
70.8%
2,063 Graduates

About

Drexel University is a higher education institution located in Philadelphia County, PA. In 2016, the most popular Bachelor's Degree concentrations at Drexel University were Registered Nursing (485 degrees awarded), Accounting & Finance (202 degrees), and Mechanical Engineering (189 degrees).

In 2020, 6,783 degrees were awarded across all undergraduate and graduate programs at Drexel University. 58.1% of these degrees were awarded to women, and 41.9% awarded men. The most common race/ethnicity group of degree recipients was white (3,575 degrees), 3.86 times more than then the next closest race/ethnicity group, asian (925 degrees).

The median undergraduate tuition at Drexel University is $53,868, which is $25,239 more than the national average for Doctoral Universities ($28,629).

Costs

The median undergraduate tuition at Drexel University is $53,868, which is $25,239 more than the national average for Doctoral Universities ($28,629).

After taking grants and loans into account, the average net price for students is $39,463.

In 2020, 90% of undergraduate students received federal grants, while 49% of undergraduate students received federal loans.

Student Expenses

Tuition Costs

$53,868
2020 Undergraduate Tuition

In 2020, the cost of tuition at Drexel University was $53,868. The cost of tuition at Drexel University is $25,239 more than than the overall (public and private) national average for Doctoral Universities ($28,629).

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

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Average Net Price

$39,463
2020 Value
3.78%
1 Year Growth

In 2020 Drexel University had an average net price — the price paid after factoring in grants and loans — of $39,463. Between 2019 and 2020, the average net price of Drexel University grew by 3.78%.

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

$14,241
Room and Board
$1,700
Books and Supplies

The average yearly cost of room and board at Drexel University was of $14,241 in 2020. During the same period, the average yearly cost of books and supplies was $1,700. The cost of room and board increased by 1.15% between 2019 and 2020. The cost of books and supplies did not change during the same period.

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Financial Aid

Financial Aid by Income Level

90%
Of Undergraduates Receive Grants
49%
Of Undergraduates Receive Federal Loans

90% of undergraduate students at Drexel University received grants or loans in 2020. This represents a growth of 3.45% with respect to 2019, when 87% 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.
1.96%
2018 Default Rate
101
Number of Defaults

In 2018 the default rate for borrower's at Drexel University was 1.96%, which represents 101 out of the 5150 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 31,237 undergraduate applications in 2020, which represents a 1.84% annual decline. Out of those 31,237 applicants, 24,112 students were accepted for enrollment, representing a 77.2% acceptance rate.

There were 23,589 students enrolled at Drexel University in 2020, and 88% of first-time enrollees submitted SAT scores with their applications.

Drexel University has an overall enrollment yield of 9.7%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

77.2%
Acceptance Rate in 2020
24,112
Accepted Out of 31,237

In 2020, the undergraduate acceptance rate of Drexel University was 77.2% (24,112 admissions from 31,237 applications). This is higher than the acceptance rate of 2019, which was 74.7%. Between 2019 and 2020, the number of applicants declined by −1.84%, while admissions grew by 1.43%.

This chart compares the acceptance rate of Drexel University (in red) with that of other similar universities.

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SAT Scores

88%
Submission Percentage
2,035
Scores Submitted

88% of enrolled first-time students at Drexel University in 2020 submitted SAT scores with their applications.

This chart shows the SAT scores for the 25th and 75th percentile of applicants broken out into each section of the test that their are evaluated on.

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Enrollment

Drexel University has a total enrollment of 23,589 students. The full-time enrollment at Drexel University is 17,489 students and the part-time enrollment is 6,100. This means that 74.1% of students enrolled at Drexel University are enrolled full-time.

The enrolled student population at Drexel University, both undergraduate and graduate, is 51.3% White, 17.1% Asian, 8.3% Black or African American, 6.86% Hispanic or Latino, 3.73% Two or More Races, 0.0721% American Indian or Alaska Native, and 0.0424% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Drexel University in full-time Undergraduate programs are most commonly White Male (26.6%), followed by White Female (22%) and Asian Male (11.7%). Students enrolled in full-time Graduate programs are most commonly White Female (28.8%), followed by White Male (19.7%) and Asian Female (8.24%).

Full-Time vs Part-Time Enrollment

74.1%
Full-Time Enrollment

The total enrollment at Drexel University, both undergraduate and graduate, is 23,589 students. The full-time enrollment at Drexel University is 17,489 and the part-time enrollment is 6,100. This means that 74.1% of students enrolled at Drexel University are enrolled full-time compared with 76.4% 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

88%
2020 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 88%. Compared with the full-time retention rate at similar Doctoral Universities (84.5%), 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
  1. White
    12,100
  2. Asian
    4,045
  3. Black or African American
    1,959

The enrolled student population at Drexel University is 51.3% White, 17.1% Asian, 8.3% Black or African American, 6.86% Hispanic or Latino, 3.73% Two or More Races, 0.0721% American Indian or Alaska Native, and 0.0424% 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 49.8% White, 15.1% Hispanic or Latino, and 9.74% 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, 745 students (3.16%) did not report their race.

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Graduates

In 2020, 1095 more women than men received degrees from Drexel University. The most common race/ethnicity group of degree recipients at Drexel University is white (3,575 degrees awarded). There were 3.86 times more white graduates than the next closest race/ethnicity group, asian (925 degrees).

The most common Bachelor's Degree concentration at Drexel University is Registered Nursing (485 degrees awarded), followed by Accounting & Finance (202 degrees) and Mechanical Engineering (189 degrees).

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 (60 degrees awarded), Engineering (997 degrees), and Legal (212 degrees).

Workforce

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 (422,366 people), Other managers (360,894 people), Miscellaneous engineers, including nuclear engineers (332,134 people), Civil engineers (271,547 people), and Mechanical engineers (202,741 people).

The most specialized majors at Drexel University are Library Science (60 degrees awarded), Engineering (997 degrees), Legal (212 degrees), Architecture and Related Services (49 degrees), and Visual & Performing Arts (411 degrees).

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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 Surgeons, Securities, commodities, & financial services sales agents, Physicians, Cardiovascular technologists and technicians, and Diagnostic medical sonographers

The most specialized majors at Drexel University are Library Science (60 degrees awarded), Engineering (997 degrees), Legal (212 degrees), Architecture and Related Services (49 degrees), and Visual & Performing Arts (411 degrees).

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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 Architectural, engineering & related services (559,826 people), Computer Systems Design (462,256 people), Construction (331,674 people), Colleges, universities & professional schools, including junior colleges (284,936 people), and Elementary & secondary schools (251,811 people).

The most specialized majors at Drexel University are Library Science (60 degrees awarded), Engineering (997 degrees), Legal (212 degrees), Architecture and Related Services (49 degrees), and Visual & Performing Arts (411 degrees).

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Degrees

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
  1. 485 degree-majorss awarded
  2. 202 degree-majorss awarded
  3. 189 degree-majorss awarded

In 2020, the most common bachelors degree concentration at Drexel University was Registered Nursing with 485 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

2,844
Degrees Awarded to Men
in 2020
3,939
Degrees Awarded to Women
in 2020

In 2020, 2,844 degrees were awarded to men at Drexel University, which is 0.722 times less than the number of degrees awarded to females (3,939).

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 2020, 218 degrees were awarded to men at Drexel University in Mechanical Engineering, which is 8.07 times more than the 27 female recipients with that same degree.

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Most Common Female Majors

In 2020, 787 degrees were awarded to women at Drexel University in Registered Nursing, which is 9.15 times more than the 86 male recipients with that same degree.

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Time to Complete

25%
100% Completion Time
74%
150% Completion Time

In 2020, 25% of students graduating from Drexel University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 74% completed their degrees within 150% of the normal time, and 74% 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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Diversity

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.
Asian Female
Highest Graduation Rate (81.9%)

The student demographic with the highest graduation rate at Drexel University is Female and Asian (81.9% graduation rate). Across all Doctoral Universities, Asian Female students have the highest graduation rate (72.4%).

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, 1.31% of graduates (27 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity
  1. White
    3,575 degrees awarded
  2. Asian
    925 degrees awarded
  3. Black or African American
    588 degrees awarded

The most common race/ethnicity at Drexel University is white (3,575 degrees awarded). There were 3.86 times more white recipients than the next closest race/ethnicity group, asian (925 degrees).

3.55% of degree recipients (241 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic
  1. White Female
    2,070 degrees awarded
  2. White Male
    1,505 degrees awarded
  3. Asian Female
    503 degrees awarded

The most common race/ethnicity and sex grouping at Drexel University is white female (2,070 degrees awarded). There were 1.38 times more white female recipients than the next closest race/ethnicity group, white male (1,505 degrees).

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Operations

Drexel University has an endowment valued at nearly $798M, as of the end of the 2020 fiscal year. The return on its endowment was of $22.6M (2.83%), compared to the 3.48% average return ($10.5M on $302M) across all Doctoral Universities.

In 2020, Drexel University had a total salary expenditure of $958M. Drexel University employs 514 Instructors, 250 Professors, and 221 Associate professors. Most academics at Drexel University are Female Instructors (291), Male Instructors(223), and Male Professors (182).

The most common positions for non-instructional staff at Drexel University are: Business and Financial Operations, with 702 employees, Management, with 324 employees, and Office and Administrative Support with 285 employees.

Finances

Endowment

$798M
2020 Endowment
1.89%
decline from 2019

Drexel University has an endowment valued at about $798M, as of the end of the 2020 fiscal year. The endowment of Drexel University declined 1.89% from the previous year. The value of their endowment was $496M 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. $95.4M - Federal
  2. $6.77M - State
  3. $699k - Local

As of 2020, Drexel University received $95.4M in grants and contracts from the federal government, $6.77M from state grants and contracts, and $699k from local grants and contracts.

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Expenses

Salary Expenditure

$441M
2020 Salaries
7.46%
decline from 2019

In 2020, Drexel University paid a median of $441M in salaries, which represents 46% of their overall expenditure ($958M) and a 7.46% decline from the previous year. This is compared to a 4.46% growth from 2018 and a 4.82% decline from 2017.

The median for similar Doctoral Universities is 238M (43% of overall expenditures).

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Instructional Salaries

$123M
Instructional Salaries
1,076
Number of Employees

In 2020, Drexel University paid a total of $123M to 1,076 employees working as instructors, which represents 27.9% of all salaries paid.

This is compared to a median of $69.9M (29.4%) for similar Doctoral Universities.

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Faculty and Staff

Occupations by Share

Instructor
Most Common Instructor
514 Employees
Business and Financial Operations
Most Common Non-Instructional Employee
702 Employees

In 2020, the most common positions for instructional staff at Drexel University were Instructor with 514 employees; Professor with 250 employees; and Professor with 221 employees.

In 2020, the most common positions for non-instructional staff at Drexel University were Business and Financial Operations with 702 employees; Management with 324 employees; and Office and Administrative Support with 285 employees.

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Instructors by Academic Rank and Sex

Most Common Demographic
  1. Female Instructor
  2. Male Instructor
  3. Male Professor

In 2020, the most common demographic for instructional staff at Drexel University was Female Instructor with 291 employees, Male Instructor with 223 employees, and Male Professor with 182 employees.

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

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