Drake University

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.

Top 50% Iowa Value
Top 10% Iowa Quality

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.

State Value Ranking  14 out of 30
Overpriced
Great Value
State Value Score  53.33 out of 100
Overpriced
Great Value

Find out if Drake offers in-state tuition that you may qualify for.

Above Average Value Nationwide

Top 25% National Value
Top 10% National Quality

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.

National Value Ranking  322 out of 1472
Overpriced
Great Value
National Value Score  78.12 out of 100
Overpriced
Great Value

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?

$152,900 In-State With Aid
$240,386 Avg Cost No Aid
4.11 Years to Graduate

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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