<p>Does Drexel give a lot of financial aid? Just wondering because I was thinking about applying next year (I'm a junior in HS right now) but then I realized that their tuition was more than my parent's combined salaries multiplied by 2. Don't want to attend if their financial aid packages consist of mostly loans. So can someone tell me how good the financial aid set up is at Drexel?</p>
<p>I've heard a few people complain about "horrible" financial aid, but those also tended to be the types of people who consider themselves on the lower end of the middle-class spectrum because their parents "only" make $100,000 combined , so I take it with a grain of salt. ;) It sounds like you'd qualify for a lot more need-based aid than they do.</p>
<p>They gave me almost enough in aid to completely cover tution cost (but not room & board, although I don't live on campus anyway) and only $5,000 of that was in loans. Also note that depending on what your major is and whether you have a 4-year or 5-year program, you'll probably make at least $10,000 each time you go out on co-op.</p>
<p>My oldest D is in her second coop and will make apprx 17-18k gross for the 6 months.Coop money really helps</p>
<p>You get that much money from a co-op? I had no idea. </p>
<p>Are you guaranteed to have a co-op for all 4 (or 5) years that you spend at the university? Or are co-ops only for select students?</p>
<p>One more thing I just thought of, does your co-op money get taxed?</p>
<p>i just got a fedex saying i got in! was even named a Dean's scholar and got a 17k scholarship with finaid package pending!</p>
<p>the thing is.. after submitting my application, i was plannin to send the application fee online but i got in ED into another college. So i never sent in the app fee! strange!</p>
<p>anyway, the letter says my concentration is '4 YR UG Co-op Concentration'. this means co-op is guaranteed?</p>
<p>Shazilla</p>
<p>They don't guarantee that you will get a coop but per my D everyone does.You can coop 3 x.Ist yr you go to school 9 months.Next 3 years you coop 6 mos and go to school 6 mos.Last year it is 9 months of school.Yes you get taxed on your coop money and the amount you earn varies.My D is an engineer</p>
<p>4 years with co-op means that you will go to school a total of 4 years, 3 terms your freshmen year and 3 terms your senior year (September-June), and then you will go on co-op once for six months (either sophomore or junior year depending on your major). The year you go on co-op you'll do co-op for six months and school for six months, and then the other year you'll do school all year for all 4 terms. Five year programs (like engineering) are different because you do six months of school and six months of co-op for the middle 3 years. Some majors actually get a choice between doing a 4-year or a 5-year program.</p>
<p>The school doesn't just "give" you a job, you get an online database that you can search through to find co-op jobs that are posted there by various employers, and you apply through the online system, set up interviews, some of which are held on campus, rank the jobs as to which is your first choice, second choice, etc. The vast majority of students find jobs I think...I had a bit of trouble but I'm in a design major, which is a bit different.</p>