

Drake charges the same published undergraduate tuition to Iowa and out-of-state students. For the 2024-25 reporting year, full-time undergraduate tuition was $51,444 and required fees were $516. Housing, food, books, transportation, and personal expenses come on top of that published tuition-and-fee amount.
Those listed items total $65,346, but that is not a complete personal cost-of-attendance estimate: transportation and other expenses are not included, and an individual housing or meal choice may cost differently. Graduate and professional tuition follows separate schedules; applicants should not use the undergraduate amount to price a law or pharmacy degree.
Published charges also differ from net price, which accounts for grant and scholarship aid. Reported average annual net price was $23,275 for students from families earning up to $48,000, compared with $33,126 for those from families earning more than $110,000. These are averages, not offers to particular households. Reported undergraduate grant aid averaged $33,072, and 44% of students had student loans. Eligible students may combine federal grants and loans, Iowa aid where applicable, institutional scholarships, and qualifying military education benefits. Completing the FAFSA and reviewing Drake's scholarship requirements and aid deadlines are essential steps toward an individual estimate.
Drake students can seek part-time employment as well as career-development support. Federal Work-Study is a need-based form of financial aid that permits eligible students to earn wages through approved jobs; it is not a grant paid automatically or a guarantee of a position. Other campus jobs may be open without a Work-Study award.
Students should check their financial aid offer for Work-Study eligibility, then use Drake's student-employment listings and hiring instructions to apply for openings. Job availability, hours, and pay depend on the employer and position. A campus job can help with ongoing expenses, but students generally earn the money as they work rather than receiving the full potential award at the start of a term.
For career-related experience, Drake's career services offer individual and group counseling, résumé preparation, interview workshops, career exploration, job listings, employer recruitment, career fairs, and alumni connections. An internship may carry academic credit or pay under different rules from a Work-Study job; students should check their department's requirements before treating the two as substitutes.
100% of undergraduates receive aid, $33,072 on average
Yearly living expenses by where students live
Average yearly cost after grants, students awarded federal aid
Typical room charge for academic year
$7,048Typical board charge for academic year
$5,828Institution provide on-campus housing
YesUndergraduate average amount
$33,072All
$35,498Undergraduate average amount
$17,243Graduate average amount
$12,855Data last updated on November 2, 2026
Data sources: IPEDS 2024-25, Peterson 2026, College Scorecard 10/2026, Clery 2024 (2023-24), OpenAlex 2026
Figures on this profile come from federal and third-party datasets in the editions listed above and are refreshed periodically, so they may differ from what the institution currently reports. Confirm costs, deadlines and requirements with the school before making decisions.