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Drake University
Tuition, Costs, & Financial Aid Information
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Website
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Overview
Admissions
Financials
Academic
Campus Life
Students
In-state
Out-of-state
Cost of Attendance :
$70,969
No data available
Tuition & Fees :
$53,768
Room & Board :
$13,516
Books & Supplies :
$510
Other Expenses :
$3,175
Scholarship Finder
Applying For Financial Aid
Applying For Financial Aid
Website
Financial Aid Website
Net Price Calculator
Tap Here
Application Process
Application Deadline
Rolling
Award Notification
On a rolling basis beginning February 1
High School Program
College preparatory program is recommended
Methodology For Awarding Institutional Aid
Federal Methodology
Forms Required
Cost
FAFSA Code is 001860
Free
Profile of 2025-26 Financial Aid
Profile of 2025-26 Financial Aid
Freshman
Financial Aid Applicants
633 (90.9%) of freshmen
Found to Have Financial Need
340 (53.7%) of applicants
Received Financial Aid
340 (100.0%) of applicants with financial need
Need Fully Met
101 (29.7%) of aid recipients
Average Percent of Need Met
80%
Average Award
$41,943
Need-Based Gift
Received by 332 (97.6%) of aid recipients, average amount $34,756
Need-Based Self-Help
Received by 268 (78.8%) of aid recipients, average amount $4,880
Merit-Based Gift
Received by 90 (26.5%) of aid recipients
299 (43.0%) of freshmen had no financial need and received merit aid, average amount $32,837
All Undergraduates
Financial Aid Applicants
1,806 (74.8%) of undergraduates
Found to Have Financial Need
1,216 (67.3%) of applicants
Received Financial Aid
1,216 (100.0%) of applicants with financial need
Need Fully Met
378 (31.1%) of aid recipients
Average Percent of Need Met
80%
Average Award
$41,030
Need-Based Gift
Received by 1,181 (97.1%) of aid recipients, average amount $33,358
Need-Based Self-Help
Received by 953 (78.4%) of aid recipients, average amount $5,806
Merit-Based Gift
Received by 315 (25.9%) of aid recipients
995(41.2%)of undergraduates had no financial need and received merit aid,average amount $30,686
All Undergraduates
2024 Graduates Who Took Out Loans
56%
Average Indebtedness of 2024 Graduates
$35,822
Financial Aid Programs
Financial Aid Programs
Loans
Federal Loans
Direct Subsidized Stafford Loans
Direct Unsubsidized Stafford Loans
Direct Plus Loans
Other Loans
College/University Loans
Federal Health Professions Loans
Scholarships and Grants
Need-Based Available
Federal Pell grants
SEOG
State scholarships
Institutional scholarships
Private scholarships
Non-Need-Based Available
Creative arts/performance scholarships
Special achievements/activities
Non-Need Awards
Academic Interest/Achievement Award Areas
Business
Education
Health Fields
International Studies
Physical Sciences
Number of Awards
Not reported
Creative Arts/Performance Award Areas
Applied Art and Design
Art/Fine Arts
Music
Theater/Drama
Number of Awards
285
Special Achievements/Activities Award Areas
Cheerleading/Drum Major
Community Service
Leadership
Number of Awards
215
Special Characteristics Award Areas
Children and Siblings of Alumni
International Students
Number of Awards
Not reported
Employment
Work-Study Programs
Federal work study available
Average Earnings from On-Campus Employment
$2,044
Undergraduate and Undergraduate Financial Aid data displayed on CollegeData’s college profiles is from the 2024-25 academic year.
A portion of the College Profile data is provided under license by:
Peterson's Undergraduate and Undergraduate Financial Aid Databases, copyright © 2026 Peterson's LLC. All rights reserved.