Cost Details
- In-State Tuition
- $49,944
- Out-of-State Tuition
- $49,944
- Average Net Price
- $30,042
- Students Receiving Financial Aid
- 21.0%
- Room & Board (On Campus)
- $11,858
- Room & Board (Off Campus)
- $9,360
- Books & Supplies
- $1,100
- Total Cost of Attendance
- $62,902
- Median Debt at Graduation
- $23,000
- Estimated Monthly Loan Payment
- $244/mo
- Loan Repayment Rate
- 83.6%
- Students Taking Federal Loans
- 47.1%
- Pell Grant Recipients
- 21.0%
Net Price by Family Income
Average annual net price after grants and scholarships. Source: U.S. Department of Education
| Family Income | Average Net Price |
|---|---|
| $0 – $30,000 | $27,372 |
| $30,001 – $48,000 | $25,335 |
| $48,001 – $75,000 | $26,358 |
| $75,001 – $110,000 | $32,215 |
| $110,001+ | $32,993 |
Cost Estimator
Cost Overview
Despite a sticker price of nearly $63,000, Drake families typically pay around $30,000 annually after aid. Lower-income families pay even less, with those earning under $30,000 paying about $27,400 per year. Middle-class families earning $30,000-$48,000 get the best deal at roughly $25,300 annually. Over four years, expect to invest $101,000-$132,000 depending on your family's income.
Drake graduates carry a median debt of $23,000, translating to monthly payments of $244. This burden becomes manageable when weighed against starting salaries of $51,800 and mid-career earnings of $71,900. The university's strong business and journalism programs, plus Des Moines connections, help explain the 97.5% employment rate. Nearly half of students take federal loans, but 83.6% successfully repay them. Families earning $30,000-$48,000 score the sweetest financial deal at this business-focused university.
Drake graduates carry a median debt of $23,000, translating to monthly payments of $244. This burden becomes manageable when weighed against starting salaries of $51,800 and mid-career earnings of $71,900. The university's strong business and journalism programs, plus Des Moines connections, help explain the 97.5% employment rate. Nearly half of students take federal loans, but 83.6% successfully repay them. Families earning $30,000-$48,000 score the sweetest financial deal at this business-focused university.
Official Net Price Calculator
Get a personalized cost estimate from Drake University:
Visit Official Net Price CalculatorThis links to the school's federally-required net price calculator for a personalized estimate.