Tag: Financial Aid
Apr. 7, 2016
New study classifies affordability of US colleges
The average net price of attendance for low-income students of Drexel University is $26,588, according to a new study. The study, titled “Undermining Pell: Volume III,” was released in March 2016 and follows two similar studies released in previous years, Undermining Pell: Volumes I & II. The aim of the most recent report was to examine the amount of financial aid given by four-year colleges in the United States to low-income students. For the purposes of the study, low-income students were defined as those whose families earned an annual income of $30,000 or less.
Feb. 13, 2015
From the Editor’s Desk | Woes of financial holds
On Feb. 5, I was placed on a financial hold owing to some funny business with my billing which I don’t fully understand. I was told it would be cleared up by “tomorrow.” As I write this (Feb. 9) I’m still on financial hold, and I’m finding it fascinating just discovering all the things you can’t do.
Aug. 8, 2014
If an e-mail is sent to an inbox and no one reads it…
Drexel Central released students’ financial aid packages at the end of July for the upcoming 2014-2015 academic year. In response to the changes in their financial aid packets, some students are voicing concerns and blaming the usual suspect: The Drexel Shaft. Though Drexel has sometimes earned its reputation for shafting its students, this is not the case here. Students were informed of the changes to the billing system last fall through detailed messages explaining the effects of the new system. We assume that some students read the emails, but it seems that few took the time to fully digest the content of the message. When the proposed changes went into effect, therefore, many students were left feeling frustrated with the University. In this case, however, we have to reexamine our approach to these changes and acknowledge our lack of attention to information provided by the Drexel administration.
Jan. 25, 2013
Fry’s new project will merge offices
The offices of the University Registrar, Financial Aid and the Bursar will be consolidated into Drexel Central, a collaborative effort to make serving students easier and more efficient, President John A. Fry announced Jan. 17 in an email to the University community.
Oct. 19, 2012
Drexel ranks eighth most expensive university
According to a recent article published by Campus Grotto, Drexel is the eighth-most expensive university in America, trailing behind New York University, Columbia University and Dartmouth College. The article, which was published Oct. 4, factored things like tuition, fees, and room and board into the calculations of the 100 most expensive colleges in the country.
Apr. 27, 2012
Put your money where your mouth is
Bloomberg.com, which describes itself as “a premier site for business and financial market news,” published a story April 24 with the ominous title “Colleges Confuse Students with Letters Offering Aid That’s Debt.” And as soon as you read the first paragraph, you realize it’s partially about Drexel. Zach Romano, a high school senior, is mentioned in the article because of the financial aid package he received from the University. At first glance, the paper with numbers seemed like a dream come true when it stated that his projected out-of-pocket cost was $13,442 while the gross cost is $63,000. Except the “offered financial aid” was mostly comprised of loans to be taken out by the family — roughly $42,000 in loans. And with that, the dream was shattered. To be fair, Drexel is not the only school that sends out misleading financial aid letters to prospective students. It’s not even the only school mentioned in the article. But we think that Drexel, like other colleges and universities, should rethink the way financial aid packets define ‘financial aid,” especially for students in these troubled economic times. Financial aid is a lifeline for many students across the country and is a deciding factor on what school they eventually choose to attend. They should know what they’re getting into financially. The high school seniors worked so hard to get to the spot where they would have a financial aid package from a school — they got all of their information right, they wrote countless essays, and they defined themselves in any amount of words. They put everything out in the open for the college admissions offices to see, and it’s only fair that the schools respond by being equally clear and upfront. The concept of college tuition increasing is not new. Neither is the idea of students having to pay a great amount of debt and take out massive loans. And the economy has been bad for years. With so many factors working against young adults getting their education at universities, it’d be nice for the universities themselves to try to help students understand the financial aid they’ve been offered.
Jan. 13, 2012
University responds to tuition dispute
College blog Campus Grotto released an article Dec. 6 that named Drexel University the most expensive college in the country by net price for the 2011-2012 school year.
Jul. 15, 2011
Drexel named one of least affordable
CNNMoney.com recently ranked Drexel University as one of the top 10 least affordable colleges, based on information obtained from a college cost database launched by the U.S. Department of Education.
Apr. 8, 2011
Financial aid hinders students
She was one of the brightest students attending Drexel. She was fun, friendly and hard working. Her career goal was to become a psychologist and help people through their disorders. Working until the late hours of night, she was often still studying and working from her textbooks as I climbed into bed to sleep. During the weekends, she hung out with her friends and was well known around Calhoun Hall. However, where is she now?