by our College Data Analytics TeamHere is what you can expect to pay at Drake University, covering the cost range, projected degree costs, net price, debt at graduation, default rates, and aid distribution patterns.
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Published attendance costs at Drake University works out to about $62,407.00 per year.
Below, the published cost is shown three ways — the full sticker price with no aid, the net price after the average grant package, and the net price for low-income students who typically receive the most aid.
| Tuition and fees | $52,130.00 |
| + Room, board & other expenses | $10,277.00 |
| Total cost | $62,407.00 |
| That is 90% above the national average net price. |
| Total cost | $62,407.00 |
| − Grants and scholarships | −$35,708.00 |
| Net price | $26,699.00 |
| That is 19% below the national average net price. |
| Total cost | $62,407.00 |
| − Grants and scholarships | −$39,011.00 |
| Net price | $23,396.00 |
| That is 29% below the national average net price. | |
| Go deeper on the components with tuition and fees and room and board. |
Costs have trended upward in recent years at about 4.3% per year, so the four-year total runs well above today’s cost. The detailed projections below compare a degree for a low-income aided student, an average-aid student, and a no-aid student. Loan figures amortise the projected total over ten years at 6.8%.
| Projected 4-year net costs | Low Income w/ Aid | w/ Average Aid | No Aid |
|---|---|---|---|
| Annual growth rate | 4.3% | 4.3% | 4.3% |
| Freshman year | $24,399.00 | $27,844.00 | $65,082.00 |
| Senior year | $27,674.00 | $31,580.00 | $73,817.00 |
| Total 4-year net price | $104,053.00 | $118,744.00 | $277,554.00 |
| 10-year loan interest @ 6.8% | $39,641.00 | $45,237.00 | $105,738.00 |
| Total monthly payment | $1,197.00 | $1,367.00 | $3,194.00 |
| Total amount paid | $143,694.00 | $163,981.00 | $383,293.00 |
| Projected 2-year net costs | Low Income w/ Aid | w/ Average Aid | No Aid |
|---|---|---|---|
| Annual growth rate | 4.3% | 4.3% | 4.3% |
| Freshman year | $24,399.00 | $27,844.00 | $65,082.00 |
| Senior year | $25,445.00 | $29,037.00 | $67,873.00 |
| Total 2-year net price | $49,844.00 | $56,881.00 | $132,955.00 |
| 10-year loan interest @ 6.8% | $18,989.00 | $21,670.00 | $50,651.00 |
| Total monthly payment | $574.00 | $655.00 | $1,530.00 |
| Total amount paid | $68,833.00 | $78,551.00 | $183,606.00 |
Read more in the Net Price section.
The net price figure shows the cost after grants and scholarships are deducted. It is usually a better planning number than the sticker cost above.
| Average net price (on-campus) | $29,127.00 |
| Average net price (off-campus) | $30,288.00 |
Net price is not the same for every family — it falls as financial need rises and grant aid increases. The figures below give average net price by income bracket:
| Family income | Average net price |
|---|---|
| Under $30,000 | $27,372.00 |
| $30,000 to $48,000 | $25,335.00 |
| $48,001 to $75,000 | $26,358.00 |
| $75,001 to $110,000 | $32,215.00 |
| Over $110,000 | $32,993.00 |
Estimate your specific net price using the school’s Drake University Net Price Calculator, or check with the financial aid office.
Want to know how that aid is awarded? See the financial aid page.
The median graduating debt at Drake University comes to $19,500.00, which the Department of Education classifies as a Low ($10-20k) debt-load classification.
Across borrowers, debt at graduation distributes like this:
| Percentile | Debt at graduation |
|---|---|
| 10th | $5,500.00 |
| 25th | $11,000.00 |
| Median (50th) | $19,500.00 |
| 75th | $30,500.00 |
| 90th | $38,000.00 |
The spread between the 10th and 90th percentiles reflects how variable debt outcomes are at this school.
Dig deeper into debt on the student loan debt detail.
Family income tracks closely with debt at graduation. The breakdown below segments borrowers by family income at entry:
| Family income | Median debt at graduation |
|---|---|
| Low income | $17,500.00 |
| Middle income | $19,000.00 |
| High income | $19,500.00 |
First-generation students frequently graduate with different debt than continuing-generation students.
| Student group | Median debt at graduation |
|---|---|
| First-generation students | $19,000.00 |
| Continuing-generation students | $19,500.00 |
Pell Grants are the federal government’s primary need-based undergraduate aid program. Looking at Pell recipients versus non-recipients tells us how debt is distributed across need.
The gap between Pell-eligible and non-Pell median debt at Drake University stands at $-500.00.
The default-rate category at Drake University is Low (<5%).
| Window | Cohort default rate |
|---|---|
| 2-year | 1.8% |
For a sense of scale, Stafford disbursements at Drake University amount to $399,596,310.00 distributed across 14,818 student borrowers.
Veteran and active-military students often access dedicated federal aid programs like the Post-9/11 GI Bill and DoD tuition assistance.
| GI Bill recipients | 52 |
| Avg GI Bill amount | $15,724.00 |
| DoD Tuition Assistance recipients | 7 |
| Avg DoD Tuition Assistance | $3,393.00 |
Explore GI Bill and military aid in detail on the veterans benefits detail.
The figures above are a starting point — as you weigh Drake University, a few questions are worth asking:
For a closer look at any of these topics, follow the links below:
Data sources. Figures on this page draw from the U.S. Department of Education College Scorecard, the Integrated Postsecondary Education Data System (IPEDS), and MediaFactual editorial review. Net-price calculator and financial-aid office links are taken from the institution’s own published data.