Studying abroad can be expensive, and it’s important to know the costs before you start. Drexel University is known for its STEM (Science, Technology, Engineering, Math) programs, but these degrees come with various expenses. This guide will help you estimate the most likely costs, including tuition, accommodation, living expenses, and financial aid options. Being prepared will ensure that you can handle the financial demands of studying in a foreign country.
Tuition Costs for STEM Programs
Drexel’s STEM programs are highly ranked in the U.S., but they come at a significant cost. For undergraduate students, tuition is approximately $56,595 per year. Graduate students in STEM programs face tuition costs that range from $36,794 to $60,000 annually, depending on the specific program. These figures don’t include extra charges like laboratory materials or technology fees, which are common in STEM courses.
- Undergraduate STEM tuition: $56,595/year
- Graduate STEM tuition: $36,794 – $60,000/year
It’s important to plan ahead for these costs and manage them well to avoid financial stress later.
Living Expenses and Additional Fees
In addition to tuition, living expenses are a significant part of the overall cost. Drexel estimates that international students spend around $18,000 each year on housing, food, and personal items. Other costs, such as health insurance, transportation, and books, can add an extra $7,000 to $10,000 annually. The university also charges a general fee of $2,370 per year for student services and resources.
Budget Breakdown:
- Housing and meals: $18,000/year
- Additional fees (insurance, books, etc.): $7,000 – $10,000/year
- General university fee: $2,370/year
Understanding Drexel’s Co-op Program: What You Need to Know
Drexel’s Co-op program offers students the opportunity to gain real-world work experience while studying. Co-op positions can last up to six months, and during this period, students usually don’t pay full tuition, helping to reduce the financial burden. However, living expenses and other fees still apply. The Co-op program can greatly enhance your employability, making it easier to find a job after graduation.
Benefits of Co-op:
- Gain practical work experience
- Pay reduced tuition during Co-op terms
- Improve job prospects post-graduation
Scholarships and Financial Aid Options
Although international students have fewer financial aid opportunities compared to domestic students, Drexel offers several merit-based scholarships. These scholarships can help reduce tuition costs and are awarded based on academic achievements. The Global Scholars Program is a key scholarship for international students. It’s also a good idea to apply early and explore external scholarships from international organizations.
Key Scholarships:
- Merit-based scholarships
- Global Scholars Program
To maximize your scholarship opportunities, always check the deadlines and eligibility requirements.
Hidden Costs and Budgeting Tips for International Students
Students may not anticipate several hidden costs associated with studying abroad. These include visa fees, travel costs, and initial setup expenses like housing deposits. Drexel also charges fees for health services, technology, and student activities, which can add up to more than $1,000 annually.
Budgeting Tips:
- Set aside money for visa and travel expenses
- Opt for second-hand textbooks to save money
- Plan for health insurance and other university fees
Having a reserve fund can help you manage unexpected expenses while studying.
Return on Investment of STEM Graduates in the Long Run
Thanks in part to Drexel’s Co-op program, STEM graduates enjoy strong career prospects. The average starting salary for Drexel STEM graduates ranges from $60,000 to $85,000 annually. The hands-on experience gained through Co-op placements increases employability, making the financial investment in a Drexel STEM degree worthwhile.
Career Highlights:
- Average starting salary: $60,000 – $85,000/year
- High job placement rates through Co-op programs
Plan your future with Drexel University’s STEM programs, and let HelloUni provide expert guidance every step of the way. From crafting compelling applications to exploring financial aid, we ensure your study abroad experience is seamless. Start shaping your success story with personalized support designed just for you.
FAQs
How much do STEM students spend annually at Drexel University?
The total annual cost, including tuition and living expenses, ranges from $62,000 to $80,000, depending on the program and individual living choices.
Does Drexel offer scholarships for international students?
Yes, Drexel provides merit-based scholarships such as the Global Scholars Program. External scholarships are also available from international organizations.
What is Drexel’s Co-op program, and how does it help reduce costs?
The Co-op program allows students to gain work experience while studying. Students typically pay reduced tuition during Co-op periods, though living expenses still apply.
What hidden costs should international students plan for?
Hidden costs include visa fees, airfare, health insurance, and university service fees, which can add over $1,000 annually.
How does a Drexel STEM degree offer a good return on investment?
The Co-op program helps Drexel STEM graduates secure high-paying jobs, with starting salaries ranging from $60,000 to $85,000.
