Why Undertanding Financial Aid is Essential
Do you know financial aid accessibility is determined by distinct requirements? Here you will find information to enable you to know just how much assistance and scholarships can be expected from Drake University.
What Amount of Financial Assistance is Available?
Drake University's standard financial aid plan for newly arriving first years is $27,617. Around 99.0% of incoming students get some financial aid, most of which is scholarships and grants.
Student loans technically come under the umbrella of 'financial aid', however the only true discount from the price of college is a scholarship or grant that you do not need to pay back.
A loan isn't a legitimate college price reduction, but rather an additional cost consideration. Discover how much student loan debt from Drake you could end up dealing with.
Number of Drake Grants & Scholarships
The stats listed below make reference to help which is given by Drake University.
99.0% of first year students (795 total) were awarded scholarships at Drake University, averaging $18,299 a piece. This puts it in the top 20th percentile of all colleges nationwide.
133 freshman students got federal grant aid. About 17.0% of Drake freshmen got grants around $5,087 each recipient.
The graph underneath displays the usual level of grant and scholarship aid distributed to all first year students.
Scholarships are awarded based on merit, while grants are given based on need.
How Financial Need Affects Financial Aid
The table following displays scholarship and grant distributions by income level for freshman students receiving any form of federally-funded Title IV aid, including Federal PLUS loans.
|Income Level||Percent of Freshman||Average Assistance|
|Income 110k +||31.0%||$18,007|
Financial assistance by the federal government in the form of grants, loans, or work-study is known as Title IV aid. Get more info on Title IV here..
Grants & Scholarships for All Students Is $18,200
95.0% of the 3,338 undergraduates at Drake University get some form of grant aid. This is a total of about 3,158 students obtaining about $18,200 per person.
Financial Aid Information at Drake University
|Financial Aid Department Website||www.drake.edu/finaid/|
|Net Price Calculator||www.drake.edu/admission/undergraduate/netpricecalculator/|