D
Private 4 Year

Drew University Tuition & Cost

Madison, New Jersey

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How much does it cost to attend?

Sticker Price
$58,865
Costs for Drew University
Fee Cost
Tuition$39,828
Books and Supplies$1,200
Other Fees$1,132
Room and Board $14,723
Other Expenses Budget$1,982

Annual Prices

The annual list price to attend Drew University on a full time basis for 2020/2021 is $58,865 for all students regardless of their residency. This fee is comprised of $39,828 for tuition, $14,723 room and board, $1,200 for books and supplies and $1,132 for other fees. Out of state tuition for Drew University is $39,828, the same as New Jersey residents.

All price data is sourced from the 2020/2021 U.S. Department of Education National Center for Education Statistics survey.

Net Price

Net price is indicative of what it actually costs to attend Drew University when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2019/2020
$28,218
Net Price by Income Drew University
Family Income Net Price Paid
$0 to $30,000$16,895
$30,001 to $48,000$17,287
$48,001 to $75,000$20,243
$75,001 to $110,000$29,659
$110,000+$36,385

The average reported annual net price for Drew University for students receiving grants or scholarship aid was $28,218 in 2019/2020. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

Costs for Similar Colleges

Financial Aid

97% of full-time undergrad Drew University received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $30,201 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 64% of students received Federal Student Loans averaging $5,470.

Finanical Aid Drew University
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $30,201 97%
Institutional Grants and Scholarships $24,499 97%
Pell Grants $5,148 38%
Other Federal Grants $1,567 36%
State and Local Grants $10,446 30%
Federal Student Loans $5,470 64%
Other Student Loans $0 0%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Drew University, we've modeled a ten year student loan with an original principal value of $113,444. The loan balance of $113,444 is a four year multiple of the $28,361 average net price. This is a estimate of what you could owe upon graduation if you were to qualify for average financial aid and what a degree really may cost. Should you not qualify for financial aid, you may owe significantly more when you graduate. Based on these assumptions, a monthly repayment of $1,082 could be required to satisfy your student loan.

Please note that financial aid is not guaranteed and is only available for qualifying students. Federal Student Loans are not grants and must be repaid with interest. The current Stafford loan interest rate is 2.75%.

Example Loan $113,444
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $1,082.38
Total Interest Paid $16,441.71
Sum of All Loan Payments $129,885.71

Projected 4 Year Degree Price

4 Year Sticker Price
$235,460
Year All Residents
1 $58,865
2 $62,986
3 $67,395
4 $72,112

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Drew University to be $235,460 - assuming graduation in normal time. The estimation assumes a 7% annual increase over the next 4 years which is the national trend.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Drew University
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $1,660 $4,980 $6,640

Estimated cost for a class at Drew University based on published credit hour prices. Note that not all schools allow single class enrollment. These prices should be used for comparison purposes as to how much it may cost to take a class at Drew University versus other colleges.

Tuition Payment Plans Available

Drew University Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan Yes
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=184348 IPEDS survey data for Drew University.