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Drake University

#501 in US ranking Des Moines, IA
Type:
Private not-for-profit
Programs:
4 years or more

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Drake University award

Cost

Cost / year
$65,475
Tuition & fees
$52,130
Avg. aid
$33,072
Receiving aid
100%

Admissions

Acceptance rate
64%
SAT range
1110–1350
ACT range
24–29

Outcomes

Graduation rate
74%
Median salary
$47,207
1 yr after graduation

What is the cost of studying for a year at Drake University?

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.

  • Full-time undergraduate tuition and required fees: $51,960 for 2024-25.
  • Typical annual room and board charges: $12,876 in the reported cost data.
  • Typical books and supplies: $510 in the reported cost data.

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.

What are the work-study opportunities at Drake University?

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.

Drake University Tuition and Fees

In-state tuition & fees
$52,130
Out-of-state tuition & fees
$52,130
Tuition
$51,444
Fees
$686
Room and board
$12,876
Books and supplies
$510

Total Cost

Cost of attendance per year
$65,475
Tuition & fees
$52,130
Housing, food, books & other
$13,345

100% of undergraduates receive aid, $33,072 on average

Drake University Cost of Living

Yearly living expenses by where students live

On campus
$15,602
Off campus, not with family
$14,004
Off campus, with family
$3,303

Drake University Net Price by Family Income

Average yearly cost after grants, students awarded federal aid

$0–30,000
$25,824
$30,001–48,000
$23,275
$48,001–75,000
$25,171
$75,001–110,000
$27,408
Over $110,000
$33,126

Drake University Room and Board Cost

Typical room charge for academic year

$7,048

Typical board charge for academic year

$5,828

Institution provide on-campus housing

Yes

Drake University Financial Aid

Undergraduate average amount

$33,072

All

$35,498

Students Receiving Financial Aid

Share of undergraduate students
100%

Drake University Grants, Loans and Debt

Students receiving Pell Grants
22%
Students with federal loans
44%
Median debt at completion
$21,500

Drake University Military and Veterans Benefits

Undergraduate average amount

$17,243

Graduate average amount

$12,855

Data 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.

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