Overview

Overview

The intent of Drew University’s financial assistance program is to provide assistance to eligible full-time and part-time students on the basis of demonstrated financial need and academic achievement. Financial need is defined as the difference between the comprehensive cost of attending Drew and the student’s ability to pay. Ability to pay is determined annually by using a nationally applied needs analysis system. Drew’s comprehensive cost includes tuition, fees, room and board, textbooks, travel, and personal expenses.

Students seeking financial assistance should file for aid at the time of their application for admission. Students must fill out and submit the Free Application for Federal Student Aid (FAFSA) to the federal student aid processor by the recommended date of February 15. The application may be filled out online at www.fafsa.gov. In mid-March, the Office of Financial Assistance begins to review completed applications for new students.

Financial aid is offered in a combination of grants (scholarships and other forms of gift aid), federal student loans, and part-time employment. Each financial aid package is tailored to meet the specific needs of the recipient. The grant portion of the package can range from 20-100% of tuition.

Half of a student’s annual grant award and loan amount is credited to the student’s account each semester. Students with Federal Work-Study jobs or other campus employment receive regular paychecks for time worked. Work-Study is NOT credited to the student’s account.

Consequences of Noncompliance with Verification Deadlines

Federal regulations require aid administrators to verify selected financial aid applications by comparing reported data with income tax returns and other documentation. If you are selected for verification, you will be notified. Federal aid awards cannot be credited to student accounts until verification is completed. Failure to provide the requested documentation within the specified time period may result in denial of financial aid for a semester or academic year.

Cost of Attendance

Cost of Attendance

For a more information on tuition and fees, please review the Business Office’s site.

Scholarships

Scholarships and Awards

A prospective Graduate student’s academic record determines the amount of scholarship awarded by the Office of Admissions. Scholarship awards range from 20% of tuition to full tuition. A limited number of living stipends are available. Please be aware that not all scholarships listed below are available to students in all programs.

Graduate Academic Merit Scholarships

These scholarships range from 20-100% of annual tuition and are offered to incoming graduate students. Recipients for the scholarships are nominated by the area faculty in consultation with the Office of Financial Assistance and the dean of the Caspersen School. To retain the scholarship, students must be enrolled at least half-time and shall display meritorious progress toward the degree.

Association of Independent Colleges and Universities in New Jersey Award (AICUNJ)

This award provides a 50% scholarship to all full-time employees of the member institutions of this state-wide association of colleges. Interested applicants should contact the Office of Graduate Admissions for the required certification form.

Outside Awards/Resources

Any funds received from sources such as civic organizations or foundations, and other benefits, must be reported to the Office of Financial Assistance. Federal regulations require that these awards be treated as educational resources meeting the financial aid applicant’s need. Drew University’s policy is that such resources are used first to reduce unmet need, then loan eligibility, then work eligibility, and, only if necessary, scholarships and grants.

Teaching Assistantships, in the traditional sense, are limited at Drew

The College of Liberal Arts has always prided itself on its small student-faculty ratio, and the need for student instructors is therefore not acute. The Caspersen School does make provisions for a few teaching and research fellowships in each program of study. Students who are selected for these fellowships assist professors in the Caspersen School, Theological School, or College and serve as scholar apprentices. Fellows are compensated modestly, and the honor of their selection is included in their papers and credentials.

Loans

Loans

The Federal Direct Student Loan Program provides need-based federal student loans that require repayment and have favorable interest rates and a generous repayment period, beginning after enrollment ends. Additional information is available in the Office of Financial Assistance.

Part Time Employment

Part-Time Employment

Graduate students may participate in any of several part-time employment programs at the University. The federal government appropriates funds for post-secondary institutions under the Federal College Work-Study and Community Service Program. Under the FWSP, students are hired on campus in part-time jobs that range from clerical positions to career-related work. Eligibility is determined through the filing of the FAFSA.

A number of other campus-based, part-time employment opportunities are available to graduate students through the Office of Student Employment. In addition, a variety of off-campus employment opportunities may be available through the Career Center.

The Federal Immigration and Control Act of 1986 requires Drew to certify identity and determine eligibility of every employee, including students who work at Drew or in a Drew-referred job. Therefore, all students who work at Drew (and/or their spouses who work) must file in advance of their employment an I-9 form with the Office of Student Employment.