Is Drake a Good School for the Money?
Drake University Value Report
College Factual set out to determine if Drake is asking a fair price for the quality of education they provide. Keep reading for the detailed value report.
Within Iowa, Drake is a Great Quality for a Fair Price.
Drake University is ranked #2 out of #31 in Iowa for quality and #14 out of #30 for Iowa value.
This makes it a great quality for a fair price in the state.
Find out if Drake offers in-state tuition that you may qualify for.
Above Average Value Nationwide
Drake University is ranked #322 out of 1,472 for value nationwide.
Compared to other schools of similar quality, Drake University is priced well for the kind of quality provided and is thus a good value according to College Factual's Best for the Money Ranking.
Prices of Institutions with Similar Quality Scores
| School | Total Price | Value Grade |
|---|---|---|
| Centre College | $103,543 | A+ |
| Gustavus Adolphus College | $129,323 | A |
| University of Georgia | $139,962 | A |
| Drake University | $156,398 | B+ |
| Indiana University - Bloomington | $164,986 | B |
| Gonzaga University | $173,576 | B- |
| Saint Louis University | $191,922 | C |
| University of California - Santa Barbara | $196,452 | C |
| Colorado School of Mines | $197,482 | C |
| Loyola Marymount University | $220,898 | D+ |
| Reed College | $235,796 | D |
*Total price is determined by multiplying average annual cost by time to graduate.
That Degree May Cost You $156,398 in Total
The average Drake student's degree will cost an estimated $156,398. This is based on an average price (with and without aid) of $38,053 and a typical 4.11 years to graduate.
| Amount | |
|---|---|
| Average Yearly Cost | $38,053 |
| Average Years to Graduate | 4.11 |
| Estimated Avg Total Cost of Degree | $156,398 |
Many Factors Affect Net Price
There are many ways you can lower the cost of a college education. Consider taking advantage of in-state tuition, or shortening the length of your degree by taking summer classes. Learn more about Drake cost for other factors that may affect net price such as the financial aid you qualify for that is largely based on your family's income.
Does This School Make Financial Sense To You?
The overall price of a college can vary depending on your individual circumstances.
Look at the table below to get a sense of how Drake value for your educational dollar might vary.
| Nationwide Value by Aid Group | Avg Degree Cost | Value Rank | Value Grade |
|---|---|---|---|
| Students with no Aid | $240,386 | #427 | B |
| All Students | $156,398 | #322 | B+ |
| Only Students Receiving Aid | $152,900 | #528 | B- |
| In-State Value by Aid Group | Avg Degree Cost | Value Rank | Value Grade |
|---|---|---|---|
| Students with no Aid | $240,386 | #7 | B+ |
| All Students | $156,398 | #14 | C |
| Only Students Receiving Aid | $152,900 | #16 | C |
Note: the Value Grade for in-state students is calculated by looking only at other schools in the state of Iowa.
About 100% of Drake students receive financial aid. Get more details on what Drake financial aid you may qualify for.
How to Calculate Value
College Factual calculates value by calculating average Drake cost multiplied by time to graduate, and then compares that number to other schools of a similar quality ranking. If the school is priced fairly based on the educational quality it receives a fair ranking. If it is underpriced it receives a good or excellent value.
Read the full Best for the Money Ranking Methodology.
References
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College Factual's Best for the Money Ranking Methodology.
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