Drake University

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2020 Undergraduate Tuition
$44,188
3.5% growth from 2019
2020 Average Net Price
$30,321
After Financial Aid
2018 Student Loan
1.92%
Default Rate
2020 Acceptance Rate
67.9%
6,624 Applicants
2020 Enrolled Students
4,774
76.3% Full-Time
2020 Graduation Rate
76.6%
600 Graduates

About

Drake University is a higher education institution located in Polk County, IA. In 2016, the most popular Bachelor's Degree concentrations at Drake University were General Marketing & Marketing Management (60 degrees awarded), Public Relations & Image Management (42 degrees), and Actuarial Science (42 degrees).

In 2020, 1,467 degrees were awarded across all undergraduate and graduate programs at Drake University. 61.6% of these degrees were awarded to women, and 38.4% awarded men. The most common race/ethnicity group of degree recipients was white (1,220 degrees), 21.8 times more than then the next closest race/ethnicity group, hispanic or latino (56 degrees).

The median undergraduate tuition at Drake University is $44,188, which is $21,658 more than the national average for Masters Colleges and Universities ($22,531).

Costs

The median undergraduate tuition at Drake University is $44,188, which is $21,658 more than the national average for Masters Colleges and Universities ($22,531).

After taking grants and loans into account, the average net price for students is $30,321.

In 2020, 97% of undergraduate students attending Drake University received financial aid through grants. Comparatively, 49% of undergraduate students received financial aid through loans.

Student Expenses

Tuition Costs

$44,188
2020 Undergraduate Tuition

In 2020, the cost of tuition at Drake University was $44,188. The cost of tuition at Drake University is $21,658 more than than the overall (public and private) national average for Masters Colleges and Universities ($22,531).

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

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Average Net Price

$30,321
2020 Value
0.185%
1 Year Growth

In 2020 Drake University had an average net price — the price paid after factoring in grants and loans — of $30,321. Between 2019 and 2020, the average net price of Drake University grew by 0.185%.

This chart compares the average net price of Drake University (in red) with that of other similar universities.

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

$10,848
Room and Board
$1,100
Books and Supplies

The average yearly cost of room and board at Drake University was of $10,848 in 2020. During the same period, the average yearly cost of books and supplies was $1,100. The cost of room and board increased by 3.04% between 2019 and 2020. 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

Financial Aid by Income Level

97%
Undergraduates Receiving Financial Aid through Grants
49%
Undergraduates Receiving Financial Aid through Loans

97% of undergraduate students at Drake University received financial aid through grants or loans in 2020. This represents a growth of 2.11% with respect to 2019, when 95% 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.
1.92%
2018 Default Rate
19
Number of Defaults

In 2018 the default rate for borrower's at Drake University was 1.92%, which represents 19 out of the 990 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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Admissions

Drake University received 6,624 undergraduate applications in 2020, which represents a 4.61% annual decline. Out of those 6,624 applicants, 4,499 students were accepted for enrollment, representing a 67.9% acceptance rate.

There were 4,774 students enrolled at Drake University in 2020, and 26% of first-time enrollees submitted SAT scores with their applications.

Drake University has an overall enrollment yield of 16.4%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

67.9%
Acceptance Rate in 2020
4,499
Accepted Out of 6,624

In 2020, the undergraduate acceptance rate of Drake University was 67.9% (4,499 admissions from 6,624 applications). This is higher than the acceptance rate of 2019, which was 67.6%. Between 2019 and 2020, the number of applicants declined by −4.61%, while admissions declined by −4.22%.

This chart compares the acceptance rate of Drake University (in red) with that of other similar universities.

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SAT Scores

26%
Submission Percentage
191
Scores Submitted

26% of enrolled first-time students at Drake University in 2020 submitted SAT scores with their applications.

This chart shows the SAT scores for the 25th and 75th percentile of applicants broken out into each section of the test that their are evaluated on.

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Enrollment

Drake University has a total enrollment of 4,774 students. The full-time enrollment at Drake University is 3,644 students and the part-time enrollment is 1,130. This means that 76.3% of students enrolled at Drake University are enrolled full-time.

The enrolled student population at Drake University, both undergraduate and graduate, is 78.6% White, 6.22% Hispanic or Latino, 4.84% Black or African American, 4.27% Asian, 3.02% Two or More Races, 0.105% American Indian or Alaska Native, and 0.0209% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Drake University in full-time Undergraduate programs are most commonly White Female (44.7%), followed by White Male (29.5%) and Hispanic or Latino Female (4.76%). Students enrolled in full-time Graduate programs are most commonly White Female (54.3%), followed by White Male (29.2%) and Asian Female (2.63%).

Full-Time vs Part-Time Enrollment

76.3%
Full-Time Enrollment

The total enrollment at Drake University, both undergraduate and graduate, is 4,774 students. The full-time enrollment at Drake University is 3,644 and the part-time enrollment is 1,130. This means that 76.3% of students enrolled at Drake University are enrolled full-time compared with 68.8% at similar Masters Colleges and Universities.

This chart shows the full-time vs part-time enrollment status at Drake University (in red) compares to similar universities.

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Retention Rate over Time

86%
2020 Retention Rate

Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall. The retention rate for full-time undergraduates at Drake University was 86%. Compared with the full-time retention rate at similar Masters Colleges and Universities (75%), Drake University had a retention rate higher than its peers.

This chart shows the retention rate over time at Drake University (highlighted in red) compares to similar universities.

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity
  1. White
    3,750
  2. Hispanic or Latino
    297
  3. Black or African American
    231

The enrolled student population at Drake University is 78.6% White, 6.22% Hispanic or Latino, 4.84% Black or African American, 4.27% Asian, 3.02% Two or More Races, 0.105% American Indian or Alaska Native, and 0.0209% Native Hawaiian or Other Pacific Islanders. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Masters Colleges and Universities is 52.6% White, 16.6% Hispanic or Latino, and 13% Black or African American.

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, 29 students (0.607%) did not report their race.

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Graduates

In 2020, 341 more women than men received degrees from Drake University. The most common race/ethnicity group of degree recipients at Drake University is white (1,220 degrees awarded). There were 21.8 times more white graduates than the next closest race/ethnicity group, hispanic or latino (56 degrees).

The most common Bachelor's Degree concentration at Drake University is General Marketing & Marketing Management (60 degrees awarded), followed by Public Relations & Image Management (42 degrees) and Actuarial Science (42 degrees).

The most specialized majors across all degree types at Drake University, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Legal (133 degrees awarded), Education (286 degrees), and Natural Resources & Conservation (27 degrees).

Workforce

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 (1,811,674 people), Secondary school teachers (422,544 people), Education administrators (296,245 people), Other managers (236,032 people), and Postsecondary teachers (186,464 people).

The most specialized majors at Drake University are Legal (133 degrees awarded), Education (286 degrees), Natural Resources & Conservation (27 degrees), English (48 degrees), and Communications (100 degrees).

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Highest Paying Jobs by Major

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Drake University are Surgeons, Nuclear medicine technologists and medical dosimetrists, Physicians, Podiatrists, and Nurse anesthetists

The most specialized majors at Drake University are Legal (133 degrees awarded), Education (286 degrees), Natural Resources & Conservation (27 degrees), English (48 degrees), and Communications (100 degrees).

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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 (2,940,551 people), Colleges, universities & professional schools, including junior colleges (427,568 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (181,778 people), Computer Systems Design (158,829 people), and Legal services (140,770 people).

The most specialized majors at Drake University are Legal (133 degrees awarded), Education (286 degrees), Natural Resources & Conservation (27 degrees), English (48 degrees), and Communications (100 degrees).

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Degrees

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Drake University.
Most Common
  1. 60 degree-majorss awarded
  2. 42 degree-majorss awarded
  3. 42 degree-majorss awarded

In 2020, the most common bachelors degree concentration at Drake University was General Marketing & Marketing Management with 60 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from bachelors degree programs at Drake University according to their major.

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Sex Breakdown for Common Majors

563
Degrees Awarded to Men
in 2020
904
Degrees Awarded to Women
in 2020

In 2020, 563 degrees were awarded to men at Drake University, which is 0.623 times less than the number of degrees awarded to females (904).

This chart displays the sex disparity between the top 5 majors at Drake University by degrees awarded.

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Most Common Male Majors

In 2020, 50 degrees were awarded to men at Drake University in Law, which is 1.11 times more than the 45 female recipients with that same degree.

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Most Common Female Majors

In 2020, 98 degrees were awarded to women at Drake University in General Educational Leadership & Administration, which is 2.51 times more than the 39 male recipients with that same degree.

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Time to Complete

68%
100% Completion Time
76%
150% Completion Time

In 2020, 68% of students graduating from Drake University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 76% completed their degrees within 150% of the normal time, and 77% within 200%.

The following chart shows these completion rates over time compared to the average for the Masters Colleges and Universities Carnegie Classification group.

Graduation rate is defined as the percentage of full-time, first-time students who received a degree or award within a specific percentage of "normal time" to completion for their program.

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Diversity

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.
Asian Male
Highest Graduation Rate (100%)

The student demographic with the highest graduation rate at Drake University is Male and Asian (100% graduation rate). Across all Masters Colleges and Universities, Asian Female students have the highest graduation rate (72.4%).

The department of education defines graduation rate as the percentage of full-time, first-time students who received a degree or award within 150% of "normal time" to completion.

The National Center for Education Statistics (NCES) categorizes any student who is studying in the United States on a temporary basis as a "Non-Resident Alien", and the graduation rate of those students is shown in the chart below. Additionally, 0.167% of graduates (1 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity
  1. White
    1,220 degrees awarded
  2. Hispanic or Latino
    56 degrees awarded
  3. Asian
    53 degrees awarded

The most common race/ethnicity at Drake University is white (1,220 degrees awarded). There were 21.8 times more white recipients than the next closest race/ethnicity group, hispanic or latino (56 degrees).

0.273% of degree recipients (4 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic
  1. White Female
    750 degrees awarded
  2. White Male
    470 degrees awarded
  3. Hispanic or Latino Female
    36 degrees awarded

The most common race/ethnicity and sex grouping at Drake University is white female (750 degrees awarded). There were 1.6 times more white female recipients than the next closest race/ethnicity group, white male (470 degrees).

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Operations

Drake University has an endowment valued at nearly $220M, as of the end of the 2020 fiscal year. The return on its endowment was of $280k (0.127%), compared to the 3.19% average return ($1.26M on $39.6M) across all Masters Colleges and Universities.

In 2020, Drake University had a total salary expenditure of $149M. Drake University employs 126 Associate professors, 93 Professors, and 78 Assistant professors. Most academics at Drake University are Female Associate professors (66), Male Associate professors(60), and Male Professors (56).

The most common positions for non-instructional staff at Drake University are: Office and Administrative Support, with 206 employees, Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 92 employees, and Service with 89 employees.

Finances

Endowment

$220M
2020 Endowment
2.81%
decline from 2019

Drake University has an endowment valued at about $220M, as of the end of the 2020 fiscal year. The endowment of Drake University declined 2.81% from the previous year. The value of their endowment was $180M higher than than the median endowment of Masters Colleges and Universities according to the Carnegie Classification grouping.

This line chart shows how the endowment at Drake University (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Masters Colleges & Universities: Larger Programs Carnegie Classification grouping.

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Government Grants and Contracts

Grants & Contracts
  1. $12.7M - Federal
  2. $577k - State
  3. $0 - Local

As of 2020, Drake University received $12.7M in grants and contracts from the federal government, $577k from state grants and contracts, and $0 from local grants and contracts.

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Expenses

Salary Expenditure

$68.9M
2020 Salaries
0.642%
decline from 2019

In 2020, Drake University paid a median of $68.9M in salaries, which represents 46.3% of their overall expenditure ($149M) and a 0.642% decline from the previous year. This is compared to a 1.99% growth from 2018 and a 4.08% growth from 2017.

The median for similar Masters Colleges and Universities is 34.6M (40.9% of overall expenditures).

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Instructional Salaries

$25.2M
Instructional Salaries
300
Number of Employees

In 2020, Drake University paid a total of $25.2M to 300 employees working as instructors, which represents 36.6% of all salaries paid.

This is compared to a median of $11M (31.8%) for similar Masters Colleges and Universities.

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Faculty and Staff

Occupations by Share

Associate professor
Most Common Instructor
126 Employees
Office and Administrative Support
Most Common Non-Instructional Employee
206 Employees

In 2020, the most common positions for instructional staff at Drake University were Associate professor with 126 employees; Professor with 93 employees; and Professor with 78 employees.

In 2020, the most common positions for non-instructional staff at Drake University were Office and Administrative Support with 206 employees; Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 92 employees; and Service with 89 employees.

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Instructors by Academic Rank and Sex

Most Common Demographic
  1. Female Associate professor
  2. Male Associate professor
  3. Male Professor

In 2020, the most common demographic for instructional staff at Drake University was Female Associate professor with 66 employees, Male Associate professor with 60 employees, and Male Professor with 56 employees.

This chart shows the sex split between each academic rank present at Drake University.

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