Payment Options and Deadlines

Payment is due by the first day of the each semester (with the exception of the summer term where payment is due on the first day of the student's specific course). To view semester starts dates please view the Academic Calendar.

One or more payment options are available to students with account balances not covered by pending financial aid, depending on the circumstances:

Payment in full

• Students and authorized users may pay outstanding balances online using the online payment portal. It can be found by going to the Student Account and Financial Aid section on the student page in myDrake and selecting Make a Payment.
• Electronic checks and all major credit cards are accepted. Please note that a 2.95% convenience fee is charged for credit card payments for tuition and fees.
• International payments; we have partnered with TransferMate to provide seamless international payments through your online student account. Log into your student account, select Make A Payment, choose TransferMate from the dropdown menu, and follow prompts. Need more help? Watch this video or download TransferMate Instructions
• Payments may also be made in person at the Cashier Office, 104 Carnegie Hall.
• Payment by check may be mailed to the Cashier Office, 104 Carnegie Hall, Drake University, 2507 University Ave., Des Moines, IA 50311
• Please note that checks will be deposited on the date received. The Cashier office will not hold post-dated checks.
• Monthly late charges of 1.5% of the unpaid balance may be added to student accounts with unpaid balances after the payment due date for the term

Payment Plans

• Students and authorized users may set up a payment plan using the online payment portal. It can be found by going to the Student Account and Financial Aid section on the student page in myDrake and selecting Make a Payment.
• There are plans available for the Fall, Spring, and Summer terms. Fall payment plan payments are due September 1, October 1, November 1, and December 1. Spring payment plan payments are due February 1, March 1, April 1, May 1. Summer payment plan payments are due June 1 and July 1.
• Payment plan sign up becomes active once your electronic bill is sent, about 4 weeks before the semester begins. Each semester you want to participate in the plan you must sign up, your fall sign up will not carry into the spring semester etc.
• A non-refundable $30 setup fee must be paid at the time the payment plan is set up.
• A $25 late fee will be charged for each installment not paid on time.
• Payment Plans must be set up by the tenth business day of the term.

Tuition Waiver

• Drake University employees and their dependents may be eligible for a waiver covering all or a portion of their tuition. Fees, including the activity fee, technology fee, holistic wellness fee, and music fees, are not covered by the waiver. 
• Full information and forms are available on the Human Resources website.

Employer Deferment

• Drake graduate students receiving tuition benefits from their employers may apply for an employer deferment by going to the Student Account and Financial Aid section on the student page in myDrake and selecting Employer Tuition Deferment.
• A non-refundable $35 setup fee must be paid at the time the deferment is requested.
• Employer Deferment Plans must be set up by the tenth business day of the term.