#3 Best Colleges in Iowa

Drake Tuition & Cost

Des Moines, Iowa

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How much does it cost to attend?

Sticker Price
Costs for Drake University
Fee Cost
Books and Supplies$1,100
Other Fees$146
Room and Board $10,528
Other Expenses Budget$3,700

Annual Prices

The annual list price to attend Drake University on a full time basis for 2018/2019 is $56,724 for all students regardless of their residency. This fee is comprised of $41,250 for tuition, $10,528 room and board, $1,100 for books and supplies and $146 for other fees. Out of state tuition for Drake University is $41,250, the same as Iowa residents.

All price data is sourced from the 2018/2019 U.S. Department of Education National Center for Education Statistics survey.
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Net Price

Net price is indicative of what it actually costs to attend Drake University when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2017/2018
Net Price by Income Drake University
Family Income Net Price Paid
$0 to $30,000$21,383
$30,001 to $48,000$23,186
$48,001 to $75,000$23,925
$75,001 to $110,000$27,107

The average reported annual net price for Drake University for students receiving grants or scholarship aid was $28,277 in 2017/2018. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

Costs for Similar Colleges

Financial Aid

Finanical Aid Drake University
Type Avg./Student Students Receiving
Annual Total Grant Aid $21,239 100%
Pell Grant $3,979 17%
Federal Student Loan $5,335 55%

The average reported annual net price for Drake University for students receiving grants or scholarship aid was $28,277 in 2017/2018.

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Drake University, we've modeled a ten year student loan with an original principal value of $94,680. The loan balance of $94,680 is a four year multiple of the $23,670 average net price. This is a estimate of what you could owe upon graduation if you were to qualify for average financial aid and what a degree really may cost. Should you not qualify for financial aid, you may owe significantly more when you graduate. Based on these assumptions, a monthly repayment of $983 could be required to satisfy your student loan.

Please note that financial aid is not guaranteed and is only available for qualifying students. Federal Student Loans are not grants and must be repaid with interest. The current Stafford loan interest rate is 4.529%.

Example Loan $94,680
Stafford Loan Interest Rate 4.5%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $982.57
Total Interest Paid $23,228.71
Sum of All Loan Payments $117,908.71

Projected 4 Year Degree Price

4 Year Sticker Price
Year All Residents
1 $56,724
2 $61,291
3 $66,226
4 $71,559

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Drake University to be $226,896 - assuming graduation in normal time. The estimation assumes a 8.1% annual increase over the next 4 years which has been the recent trend for this school.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Drake University
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $845 $2,535 $3,380

Estimated cost for a class at Drake University based on published credit hour prices. Note that not all schools allow single class enrollment. These prices should be used for comparison purposes as to how much it may cost to take a class at Drake University versus other colleges.

Tuition Payment Plans Available

Drake University Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan No
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=153269 IPEDS survey data for Drake University.