<p>So how does this work son got accepted to Drexel with 18,500 academic scholarship. A couple weeks later received Estimated cost Letter showing</p>
<p>Estimated cost 65,645
less scholarhip 18,500
your cost 47,345</p>
<p>Then it shows in large bold numbers expected family contribution 28,800 what does this number mean? I'm assume to attend we would have to find a way to scrounge up 47K/yr not 28 there is about $20k gap.</p>
<p>Why even publish this number it is mis-leading at best?</p>
<p>Drexel does not meet full need of all accepted students as you now see. They put your EFC on there…but clearly they have left YOU with a gap to fill.</p>
<p>Have you completed and sent in all the need based finaid info they have asked for? Perhaps you have been gapped that much or perhaps they haven’t completed all the need-based processing and you will get a revised award letter in the future.</p>
<p>You got that right thumper 47K per year is a heck of a gap.</p>
<p>The thing that Irritates me is the total Estimated cost does not match the Drexel site or the net price calculator. And why print the $28K EFC when clearly it is much higher. What is the EFC for?</p>
<p>We filled out the FASFA for Drexel and the CSP for those colleges that needed it .</p>
<p>That is one his first economics lessons there I can’t see Drexel being worth a that kind of money. The other thing you pay full tuition while on Co-op with Drexel. Luckily he has other good options.</p>
<p>As others have said, Drexel does not guarantee to meet 100% of need and they usually do not. With a COA of $65K and EFC of $29K, you have need of $36K. Of that amount Drexel has given you pure cash in the amount of $18,500. Your student can take $5500 in Stafford loans, with $3500 of it subsidized. So they have gapped you by about $12K that you have to come up with in addition to your EFC of $29K. </p>
<p>The NPC almost never will be accurate when a school does not meet full need and/or has merit awards because averages are used. </p>
<p>My SIL’s nephew ended up in the same boat. But he could have commuted which would have brought the cost down another $8K or so. Still was cheaper to go to PSU, but they insisted he go to the summer session which brought the first year cost to a comparable level to Drexel with the award. PSU gave them zip, commuting was not an option, and they had to pay for a summer session.</p>
<p>And why print the $28K EFC when clearly it is much higher. What is the EFC for?</p>
<p>EFC is a federal number. It’s not Drexel’s number. Drexel isn’t obligated to do anything with that other than see if you qualify for federal aid (which isn’t much).</p>
<p>The feds can’t obligate schools to use EFC and meet need. Most colleges don’t have the funds to meet need.</p>
<p>The thing that Irritates me is the total Estimated cost does not match the Drexel site or the net price calculator. And why print the $28K EFC when clearly it is much higher. What is the EFC for?</p>
<p>run the Drexel NPC and copy/paste the results. It may also include a 5500 loan and maybe some work study. That may still come.</p>
<p>IIRC when my son was admitted to Drexel we got his merit aid notification before his need-based aid notification. So… there MAY be more need-based aid yet to come. I’d call them and ask on Monday if that will be his final financial aid package or what.</p>
<p>Did they break down the $65K? Because their own website does not indicate that much. If they are advertising one price and then charging 8-10% more than that, it seems like some kind of fraud or something.</p>
<p>i guess there is a tuition increase next year as it is higher. Also, I’m thinking the Net Price calculator uses the 5 year option my son chose 4 years on the application.
I’m sure he is eligible for the federal $3500 subsidized + 2000 unsub loan. That will help a little but </p>
<p>the letter shows
45,470 tuition
14,475 housing/meals
2,000 books
3,900 other</p>
<p>website has </p>
<p>Three Co-op Option
(5 Years)
Tuition $33,800
Fees $2,300
Housing $5,625-$9,570
Meal Plan $5,490-$5,745
Total $47,215-$51,415</p>
<p>$257,075</p>
<p>4 year 1 coop option
Tuition $41,500
Fees $2,300
Housing $5,625-$9,570
Meal Plan $5,490-$5,745
Total $54,915-$59,115</p>
<p>total 236,460</p>
<p>drexel is a puzzle to me… supposeldy good school… daughter and son (twins) both accepted to drexel. D got great scholarship…i thought… like 30 k… but FA award came other day… still leaves nearly 38k balance… are you kidding me??? my son got 20k scholarship…leaving 40k… my d been accepted at 12 schools… son 8… drexel cost are a JOKE! so many other quality and even better ranked for MUCH less. My kids were never really that serious about drexel bit they must know their cost are scaring people… I get the CO-OP piece, but still nearly 68 K to go there???</p>
<p>Can you post how they are breaking out a 68K COA because as others have said that’s WAY higher than their website says! Indeed, those “nice” scholarships look good until you see how much is LEFT to pay! We experienced that kind of sticker shock with a few of DS’11’s schools.</p>
<p>Drexel charges tuition/fees weirdly for the 5-year three co-op option.</p>
<p>You pay 4/5 of the 4-year tuition for each of 5 years – ok that’s a weird way of doing it but whatever.</p>
<p>But you pay a full year’s fees each of the 5 years, even though for 3 of them you are only attending two quarters. And their fees are pretty high. </p>
<p>But for housing, keep in mind that for 3 of the years, they will only be going to school and only need housing at school for 2 quarters, so the housing costs for those years should be at the lower end. </p>
<p>For the other two quarters they will be working and earning approx $15K, so they should be able to cover their housing/food/expenses for those months out of income and still have a nice net to apply toward the next year’s expenses. </p>
<p>(Frankly if you’re looking at the 4-year one co-op option, you aren’t really taking advantage of Drexel’s primary strength. You can do one co-op anywhere.)</p>