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Drake University Tuition, Costs, & Financial Aid Information

Des Moines, IA

Tuition and Expenses


Cost of Attendance
$60,286
Tuition and Fees
$44,334
Room and Board
$11,152
Books and Supplies
$1,100
Other Expenses
$3,700
Payment Plans
Installment plan

Applying for Financial Aid


Financial Aid Office

Email
Web Site
Financial Aid Web Site
Net Price Calculator URL
Net Price Calculator URL

Application Process

Application Deadline
No deadline for filing financial aid forms
Award Notification
On a rolling basis
Methodology for Awarding Institutional Aid
Federal Methodology
Forms Required Cost to File
FAFSA
Code is 001860
Free

Profile of 2019 - 20 Financial Aid


Freshman

Financial Aid Applicants
700 (89.9%) of freshmen
Found to Have Financial Need
562 (80.3%) of applicants
Received Financial Aid
561 (99.8%) of applicants with financial need
Need Fully Met
162 (28.9%) of aid recipients
Average Percent of Need Met
77%
Average Award
$32,378
Need-Based Gift
Received by 553 (98.6%) of aid recipients, average amount $25,850
Need-Based Self-Help
Received by 433 (77.2%) of aid recipients, average amount $4,975
Merit-Based Gift
Received by 130 (23.2%) of aid recipients
Merit-Based Gift
185 (23.7%) of freshmen had no financial need and received merit aid, average amount $22,868

All Undergraduates

Financial Aid Applicants
2,127 (75.4%) of undergraduates
Found to Have Financial Need
1,792 (84.3%) of applicants
Received Financial Aid
1,784 (99.6%) of applicants with financial need
Need Fully Met
495 (27.7%) of aid recipients
Average Percent of Need Met
77%
Average Award
$30,942
Need-Based Gift
Received by 1,740 (97.5%) of aid recipients, average amount $24,256
Need-Based Self-Help
Received by 1,423 (79.8%) of aid recipients, average amount $5,749
Merit-Based Gift
Received by 358 (20.1%) of aid recipients
Merit-Based Gift
844 (29.9%) of undergraduates had no financial need and received merit aid, average amount $20,058

Borrowing

2019 Graduates Who Took Out Loans
60%
Average Indebtedness of 2019 Graduates
$34,492
Parents of Students Receiving Aid
18.0%
Parents of Students Not Receiving Aid
2.0%

Financial Aid Programs


Loans

Federal Loans
Direct subsidized Stafford loans, direct unsubsidized Stafford loans, direct PLUS loans
State Loans
 
Other Loans
College/university loans, Health Professions Student Loans (HPSL)

Scholarships and Grants

Need-Based Available
Federal Pell grants, SEOG, State scholarships, Institutional scholarships, Private scholarships
Non-Need–Based Available
Academic scholarships, Creative arts/performance scholarships, Special characteristics (minority, religious affiliation, other scholarships)

Non-Need Awards

Academic Interest/Achievement Award Areas
Not reported
Number of Awards
2,379
Top Areas (By Money Awarded)
 
Creative Arts/Performance Award Areas
Applied Art and Design, Music, Theater/Drama
Number of Awards
313
Top Areas (By Money Awarded)
 
Special Achievements/Activities Award Areas
Not reported
Number of Awards
Not reported
Top Areas (By Money Awarded)
 
Special Characteristics Award Areas
Children and Siblings of Alumni, International Students
Number of Awards
223
Top Areas (By Money Awarded)
 

Employment

Work-Study Programs
Federal work study available
Average Earnings from On-Campus Employment
$1,900

A portion of the College Profile data is provided under license by:
Peterson's Undergraduate and Undergraduate Financial Aid Databases, copyright © 2020 Peterson's LLC. All rights reserved.