Drake University

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2023 Undergraduate Tuition
$49,466
4% growth from 2022
2023 Average Net Price
$30,886
After Financial Aid
2020 Default Rate
0%
on Student Loans

About

Drake University is a higher education institution located in N/A. N/A

The median undergraduate tuition at Drake University is $49,466.

In 2020 the default rate for borrower's at Drake University was 0%, corresponding to 0 out of the 956 total borrowers.

Costs

In 2023, the median undergraduate tuition at Drake University is $49,466.

After taking grants and loans into account, the average net price for students is $30,886.

In 2023, 97% of undergraduate students attending Drake University received financial aid through grants. Comparatively, 47% of undergraduate students received financial aid through loans.

Tuition Costs

$49,466
2023 Undergraduate Tuition

In 2023, the cost of tuition at Drake University was $49,466.

This chart compares the tuition costs of Drake University (in red) with those of other similar universities.

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Average Net Price

$30,886
2023 Value
1.82%
1 Year Growth

In 2023 Drake University had an average net price — the price paid after factoring in grants and loans — of $30,886. Between 2022 and 2023, the average net price of Drake University grew by 1.82%.

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Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

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Other Student Expenses

$9,970
Room and Board
$1,100
Books and Supplies

The average yearly cost of room and board at Drake University was of $9,970 in 2023. The cost of room and board increased by 1.43% between 2022 and 2023.

During the same period, the average yearly cost of books and supplies was $1,100. The cost of books and supplies did not change during the same period.

This chart compares the average student costs at Drake University (in red) with that of similar universities.

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Financial Aid by Income Level

97%
Undergraduates Receiving Financial Aid through Grants
47%
Undergraduates Receiving Financial Aid through Loans

97% of undergraduate students at Drake University received financial aid through grants or loans in 2023. This represents a growth of 0% with respect to 2022, when 97% of undergraduate students received financial aid.

This chart compares the average award discount at Drake University (in red) with that of other similar universities.

The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

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Student Loan Default Rate

Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.
0%
2020 Default Rate
0
Number of Defaults

In 2020 the default rate for borrower's at Drake University was 0%, which represents 0 out of the 956 total borrowers.

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

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Enrollment

Drake University had a total enrollment of N/A students in N/A. The full-time enrollment at Drake University is N/A students and the part-time enrollment is N/A. This means that N/A% of students enrolled at Drake University are enrolled full-time.

The enrolled student population at Drake University, both undergraduate and graduate, is 74.8% White, 6.64% Hispanic or Latino, 5.88% Black or African American, 4.75% Asian, 4.17% Two or More Races, 0.133% American Indian or Alaska Native, and 0.0888% Native Hawaiian or Other Pacific Islanders.

N/A N/A

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)
  1. White
    3,371 enrolled students
  2. Hispanic or Latino
    299 enrolled students
  3. Black or African American
    265 enrolled students

The enrolled student population at Drake University is 74.8% White, 6.64% Hispanic or Latino, 5.88% Black or African American, 4.75% Asian, 4.17% Two or More Races, 0.133% American Indian or Alaska Native, and 0.0888% Native Hawaiian or Other Pacific Islanders. This includes both full-time and part-time students as well as graduate and undergraduates.

Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 18 students (0.4%) did not report their race.

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Graduates

Common Jobs by Major

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Drake University are Elementary & middle school teachers (1,544,382 people), Secondary school teachers (503,303 people), Education administrators (285,723 people), Other managers (258,547 people), and Special education teachers (209,456 people).

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Highest Paying Jobs by Major

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Drake University are Diagnostic medical sonographers, Surgeons, Magnetic resonance imaging technologists, Physicians, and Securities, commodities, & financial services sales agents

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Common Industries by Major

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Drake University are Elementary & secondary schools (3,023,117 people), Colleges, universities & professional schools, including junior colleges (421,463 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (231,423 people), Legal services (186,760 people), and Computer Systems Design (153,134 people).

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Operations

N/A N/A N/A

The most common positions for non-instructional staff at Drake University are: Office and Administrative Support, with 204 employees, Service, with 90 employees, and Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 90 employees.

Salary Expenditure

$71.9M
2023 Salaries
5.41%
growth from 2022

In 2023, Drake University paid a median of $71.9M in salaries, a 5.41% growth from the previous year. This is compared to a 2.54% growth between 2021 and 2022, and a 3.42% decline between 2020 and 2021.

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Occupations by Share

Office and Administrative Support
Most Common Non-Instructional Employee
204 Employees

In 2023, the most common positions for non-instructional staff at Drake University were Office and Administrative Support with 204 employees, Service with 90 employees, and Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 90 employees.

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