Cost and Financial Aid
Open to Opportunity
When you have the spark and the dreams, Drake University breaks down the systemic and financial barriers that could slow or halt your progress.
When we say that your only limit is your ambition, we mean it. Generous financial aid and our commitment to not raise your tuition (see Drake’s Tuition Guarantee) open the door to mentorship and an educational experience that will equip you for your next great adventure.
Tuition and Fees
A Drake education is an investment in your future that unlocks nation-leading returns. Get a true picture of out-of-pocket costs, estimate your net price, and explore how the tuition guarantee will keep your price stable through all four years.
Financial Aid Information
Dig deeper into the financial aid process and explore the diverse resources available to help you pay for your education.
How to Apply for Financial Aid
Learn more about completing the Free Application for Federal Student Aid (FAFSA®), or use our handy checklist as a guide.
Types of Aid
From institutional scholarships and Tuition Exchange awards to loans and student employment, there are many ways to fund your studies. Explore all types of financial aid and what they mean for you.
Scholarships
100% of Drake undergraduates receive one or more scholarships. Learn more about all programs and their eligibility requirements, including our Bulldog Promise and the Bright College Pathway, for qualifying students, that cover 100% of your tuition.
The Value of a Drake Education
Becoming a Bulldog unlocks incredible lifetime outcomes.
#
In Iowa among bachelor’s-granting institutions for median salary 10 years after enrolling.
%
Of full-time undergraduate students receive a Presidential Scholarship that covers 45-66% of tuition costs.
Forms and Resources
Find more detailed information about financial aid, and access all forms and policies.
Key Dates
December 1
This is the Early Action Priority Deadline for all programs. Apply by this date for priority notification about the Presidential Scholarship and your financial aid package.
March 1
The priority deadline for completing your FAFSA®.
May 1
The decision deadline for all programs. Submit your tuition deposit to secure your enrollment and financial aid offer.
July 1
Submit your FAFSA® by this date to be considered for the Iowa Tuition Grant. Funds are awarded to qualified Iowa residents planning to attend Drake at least a quarter time.
Take the Next Step
The financial aid process can be complex, but we're here to make it simple. Our financial aid experts can explain all the ways you can pay for your degree and help you and your family budget resources. If you have any questions, contact the Financial Aid office toll-free, 1-800-44-DRAKE, x2905. If calling from outside the United States, dial 1-515-271-2905.
Financial Aid Office
Carnegie Hall
2507 University Avenue, Des Moines, IA 50311-4505
Email: financialaid@drake.edu
Phone: 515-271-2905; or toll free at 1-800-44-DRAKE (Option 3)
Fax: 515-271-4042
Office hours: Monday-Friday, 8:00 a.m.-4:30 p.m.
