Why Undertanding Financial Aid is Essential
The quantity of financial assistance you will receive, which includes scholarships, grants and loans, is going to depend upon your financial need. The information provided on this page will tell you how much you will likely obtain from Drake University determined by your family's income level and other factors.
What Amount of Financial Assistance is Available?
Drake University's standard financial aid plan for newly arriving first years is $26,321. Around 99.0% of incoming students get some financial aid, most of which is scholarships and grants.
Financial aid consists of scholarships, grants, and student loans. However, loans have to be repaid, thus they are not a genuine college discount.
Concerned about the loans that might be part of a financial aid plan? View the average amount of debt per student at Drake.
How Much Drake Aid Is Available That I Don't Have to Pay Back?
The stats listed below make reference to help which is supplied by Drake University.
99.0% of first year students (863 total) were awarded scholarships at Drake University, averaging $17,022 a piece. This puts it in the top 20th percentile of all colleges nationwide.In addition to scholarships, 17.0% of freshman students (149 total) obtained federal grant aid, averaging $5,703 each.
How are scholarships and grants dispersed to first years at Drake? View the graph listed below.
Scholarships are awarded based on merit, while grants are given based on need.
How Financial Need Affects Aid
The chart 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 +||27.4%||$15,127|
Financial assistance by the 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 $17,152
Of the 3,364 undergraduates at Drake University about 94.0% (3,166 total) receive some sort of grant aid. The typical number given was $17,152.
Financial Aid Information at Drake University
|Financial Aid Department Website||www.drake.edu/finaid/|
|Net Price Calculator||www.drake.edu/admission/undergraduate/netpricecalculator/|