Drake University

Private, Four-years School Located in Des Moines, IA

Save to My School
How much is the Drake tuition? For the academic year 2023-2024, Drake's tuition & fees is $49,944.
With indirect costs not billed by school, such as room & boards and personal living expenses, the total cost of attendance for one academic year is $65,764 when a student lives on-campus.

Drake Tuition & Expenses

2022-2023 Rate
Tuition & Fees$49,944
Books & Supplies Costs$1,100
On-campus Room & Board$11,570
On-campus Expenses$3,150
Off-campus Room & Board$11,570
Off-campus Expenses$3,825
2023-2024 Projection
Tuition & Fees$47,564

How Much Does it Cost to Go to Drake for 4 Years?

For the class of 2027, who entering colleges in 2023, the 4 years tuition & fees is $223,899 at Drake. The estimated tuition rate is based on the changes over last 5 years. With room & board, books, and other personal expenses, the estimated 4 years costs of attendance is $279,049. After receiving financial aid including grants, scholarships, and/or student loans, the 4 years COA is down to $146,460.
The following table computes the 4 years tuition and COA by class of year.
College YearTuition & FeesCOAAfter Financial Aid
Freshmen (2023-24)$52,248$66,585$35,645
Sophomore (2024-25)$54,657$68,622$36,255
Junior (2025-26)$57,178$70,780$36,920
Senior (2026-27)$59,816$73,063$37,641
4 Years Total$223,899$279,049$146,460
College YearTuition & FeesCOAAfter Financial Aid
Freshmen (2024-25)$54,657$68,622$36,255
Sophomore (2025-26)$57,178$70,780$36,920
Junior (2026-27)$59,816$73,063$37,641
Senior (2027-28)$62,574$75,478$38,422
4 Years Total$234,226$287,942$149,237
College YearTuition & FeesCOAAfter Financial Aid
Freshmen (2025-26)$57,178$70,780$36,920
Sophomore (2026-27)$59,816$73,063$37,641
Junior (2027-28)$62,574$75,478$38,422
Senior (2028-29)$65,461$78,028$39,263
4 Years Total$245,029$297,348$152,246
College YearTuition & FeesCOAAfter Financial Aid
Freshmen (2026-27)$59,816$73,063$37,641
Sophomore (2027-28)$62,574$75,478$38,422
Junior (2028-29)$65,461$78,028$39,263
Senior (2029-30)$68,480$80,721$40,168
4 Years Total$256,330$307,289$155,495
College YearTuition & FeesCOAAfter Financial Aid
Freshmen (2027-28)$62,574$75,478$38,422
Sophomore (2028-29)$65,461$78,028$39,263
Junior (2029-30)$68,480$80,721$40,168
Senior (2030-31)$71,638$83,561$41,138
4 Years Total$268,153$317,787$158,991

Average Tuition By School Type and Comparison

Compared to four-years schools nationwide, Drake' tuition is much higher than the average tuition of $20,937. Compared to private, four-years colleges in Iowa, its tuition is much higher than the average tuition of $25,497.
Drake University$49,944
U.S. Four-years Colleges$18,672
Public Schools$7,199$12,960
Private Schools$20,937
Iowa Four-years Colleges$21,556
Public Schools$8,453$11,211
Private Schools$25,497

Compare Similar School's Tuition

The next table compares the tuition & fees between Drake and similar schools. The similar colleges are selected by school type & level (private, four-years), ranking, and comparison frequency by our users. The comparison is based on 2022-2023 tuition rate.
Drake UniversityDes Moines, IA$49,944$12,777
Baker UniversityBaldwin City, KS$33,900$12,246
Saint Joseph's UniversityPhiladelphia, PA$51,340$19,786
Embry-Riddle Aeronautical University-Daytona BeachDaytona Beach, FL$42,304$21,964
SUNY Maritime CollegeThroggs Neck, NY$18,450$23,612
Webster UniversitySaint Louis, MO$30,730$13,340
DeVry University-OhioColumbus, OH$17,488$17,552
Black Hills State UniversitySpearfish, SD$12,100$15,849
Western Washington UniversityBellingham, WA$27,853$26,574
James Madison UniversityHarrisonburg, VA$30,790$30,528
University of Wisconsin-Eau ClaireEau Claire, WI$18,516$21,100

Financial Aid and COA

At Drake University, 2,808 students (97%) received grant or scholarship from the federal government, state or local government, the institution, and other sources. The average amount of grant/scholarship received is $29,576.
After receiving financial aid, the cost of attendance (COA) at Drake is $36,188 for students living on-campus and $36,863 for students living off-campus.
For beginning students (i.e. first-time freshmen), 785 students received any type of financial aid including grants/scholarship and student loans. The average amount of grant/scholarship for the first-time students is $31,274 and the average amount of student loans is $8,953.
The financial aid data is based on 2021-2022 statistics from IPEDS.
COA (on-campus)$65,764
COA (off-campus)$66,439
Tuition & Fees$49,944
Indirect Costs (on-campus)$15,820
Indirect Costs (off-campus)$16,495
COA (on-campus) after Receiving Aid$36,188
COA (off-campus) after Receiving Aid$36,863
Average Financial Aid$29,576
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Grant or Scholarship2,80897%$29,576
Pell Grants55819%$4,770
Federal Student Loan1,37647%$6,377
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Any Financial Aid785100%-
Grants or Scholarships785100%$31,274
Federal Grants40451%$4,299
Pell Grants17222%$4,841
Other Federal Grants40451%$2,237
State/Local Grants11314%$6,640
Institutional Grants785100%$28,106
Student Loan Aid41252%$8,953
Federal Student Loans40752%$5,309
Other Student Loans9011%$16,978

Admission Stats and Requirements to Apply

Drake's acceptance rate is 69.07%. A total of 7,932 applicants applied to and 5,479 students were accepted. Of the admitted students, 759 enrolled finally, and the yield (i.e. enrollment rate) is 13.85%.
To apply to Drake, 3 items are required - Secondary school GPA, Secondary school record and TOEFL (Test of English as a Foreign Language) and 2 items are recommended to submit - Completion of college-preparatory program and Recommendations. SAT and ACT scores are considered during the admissions process but are not required to be submitted.
Acceptance Rate69.07%65.17%71.77%
Yield (Enrollment Rate)13.85%12.99%14.39%
Secondary school GPARequired
Secondary school rankNeither Required Nor Recommended
Secondary school recordRequired
Completion of college-preparatory programRecommended
Formal demonstration of competenciesNeither Required Nor Recommended
Admission test scoresConsidered But Not Required
TOEFL (Test of English as a Foreign Language)Required
Other Test (Wonderlic, WISC-III, etc.)Neither Required Nor Recommended

SAT and ACT Scores

The SAT and ACT scores are considered but not required to apply to Drake. The average SAT score of the enrolled first-time students is 1,300 and the average ACT score (ACT composite) is 28.
Its SAT score is higher than the national average score of 1,168. The ACT score is slightly higher than the national average score of 24.
SAT Total1,3001,1901,410
National Average1,168
Iowa Average1,131
SAT EBRW655600710
SAT Math645590700
ACT Composite282531
National Average24
Iowa Average23
ACT Math272429
ACT English282432

Student Population

Drake University has a total of 4,685 students including 2,835 undergraduate and 1,850 graduate students. By gender, there are 1,814 male students and 3,061 female students attending Drake. The school offers online degree programs and 431 students enrolled online exclusively (9.20% of all students).
Total4,875 1,8143,061
Undergraduate2,902 1,1561,746
Graduate1,973 6581,315

Directory & Academic Information

Directory Information
Address2507 University Avenue, Des Moines, IA
Degree & Programs
DegreeUndergraduate, Graduate
Program Offered95 Programs
Online Program Offered6 Online Programs
Graduate Program Offered23 Graduate Programs
Academic Stats
Acceptance Rate67.23%
Student Population4,685
Graduation Rate76%
Retention Rate83%
Students to Faculty Ratio Rate10 to 1
Faculty & Staffs
Number of Faculties300 (Full-time), 160 (Part-time)
Number of Staffs980 (Full-time), 198 (Part-time)
Average Faculty Salary$89,285
Average Staff Salary$55,684