Charles R Drew University of Medicine and Science Financial Aid and Scholarships
Students Receiving Aid
57%
Total Aid Amount
$484.077K
Financial Aid Official Website
www.cdrewu.edu/admissions/financial-aid
Notably, 93% of the students at Charles R Drew University of Medicine and Science get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $1,198,684. More information regarding the financial assistance schemes can be accessed on CRDUMS’s official financial aid page at http://www.cdrewu.edu/admissions/financial-aid. Notably, a total of 85% of the applicants to Charles R Drew University of Medicine and Science receive the Federal Grant every year. Meanwhile, 93% of the applicants receive the Student Grant and 63% are awarded the Institution Grant, while 85% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $6,376, while the same comes to $6,484 for State Grant receivers and $8,412 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $5,427. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Charles R Drew University of Medicine and Science, the percentage of candidates who opt to avail of student loans is around 63%.
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