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National Application Center :: campus tours :: Drake University costs & financial aid

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Drake University

Drake University
2507 University Avenue
Des Moines, IA 50311

Official telephone: (515) 271-3751
Toll-free telephone: (800) 443-7253
Fax number: (515) 271-3016
Website: www.drake.edu
Screen last updated on: December 2016

The financial aid information below is valid for the 2015 academic year.

FINANCIAL AID OFFICE
Financial aid officer: Susan Ladd,
Director of Financial Aid
Contacting the office: 515 271-2905
515 271-4042 (fax)
FAFSA number: 001860

EXPENSES
Undergraduate tuition: $35,060; $35,060 out-of-state
Additional required fees: $146
Book fees: $1,100
Miscellaneous expenses: $3,700
Other expenses: Personal.
Combined room and board expenses: $9,850

APPLYING FOR AID

Required form Priority date Rolling? Closing date
FAFSAN/AyesN/A

Date award notification begins: March 1
Applied for financial aid:
86% of first-year students
71% of full-time undergraduates
41% of part-time undergraduates
Determined to have financial need:
79% of first-year students
83% of full-time undergraduates
82% of part-time undergraduates
Students determined to have financial need who received any financial aid:
100% of first-year students
100% of full-time undergraduates
92% of part-time undergraduates
Students determined to have financial need who received any need-based gift aid:
99% of first-year students
98% of full-time undergraduates
71% of part-time undergraduates
Students receiving financial aid who received need-based self-help aid:
80% of first-year students
84% of full-time undergraduates
94% of part-time undergraduates
Students receiving financial aid who received any non-need-based gift aid:
22% of first-year students
18% of full-time undergraduates
0% of part-time undergraduates
Students receiving financial aid whose need was fully met (excluding PLUS loans and private alternative loans):
28% of first-year students
27% of full-time undergraduates
3% of part-time undergraduates
Average percent of need that was met of students who received any need-based aid (excluding PLUS loans and private alternative loans):
76% for first-year students
80% for full-time undergraduates
44% for part-time undergraduates
Average financial aid package (excluding PLUS loans and private alternative loans):
$25,672 for first-year students
$26,388 for full-time undergraduates
$10,803 for part-time undergraduates
Average need-based gift award:
$19,158 for first-year students
$17,770 for full-time undergraduates
$7,541 for part-time undergraduates
Average need-based self-help award (excluding PLUS loans and private alternative loans):
$4,937 for first-year students
$8,166 for full-time undergraduates
$5,822 for part-time undergraduates
Average need-based loan (excluding PLUS loans and private alternative loans):
$3,109 for first-year students
$6,375 for full-time undergraduates
$5,353 for part-time undergraduates
Students who had no financial aid need and who received non-need-based aid (excluding athletic awards and tuition benefits):
27% of first-year students
34% of full-time undergraduates
7% of part-time undergraduates
Average award to students who had no financial aid need and who received non-need-based aid (excluding athletic awards and tuition benefits):
$14,553 for first-year students
$13,514 for full-time undergraduates
$10,985 for part-time undergraduates
Students who received a non-need-based athletic award:
3% of first-year students
4% of full-time undergraduates
2% of part-time undergraduates
Average non-need-based athletic award:
$27,188 for first-year students
$26,530 for full-time undergraduates
$6,131 for part-time undergraduates
School participates in Federal Work-Study Program: yes
Percent of students who received aid that participated in Federal Work Study: 33%

TYPES OF AID AVAILABLE
Types of loans available:
  • Direct Subsidized Stafford Loans
  • Direct Unsubsidized Stafford Loans
  • Direct PLUS Loans
  • FFEL Subsidized Stafford Loans
  • FFEL Unsubsidized Stafford Loans
  • FFEL PLUS Loans
  • Federal Perkins Loans
  • College/University Loans
  • Federal Health Professions Loan.
Parent loans packaged to meet need: yes
Percent of undergraduates who have borrowed through all loan programs: 65%
Average student debt upon graduation: $30,742
Types of payment plans:
  • Academic Management Services (AMS)
Need-based scholarships/grants available:
  • need-based (general)
  • Federal Pell Grants
  • SEOG
  • state scholarships/grants
  • college/university scholarships/grants (institutional funds)
  • private scholarships/grants
Non-need-based scholarships/grants available:
  • non-need-based (general)
  • state scholarships/grants
  • academic merit scholarships/grants
  • creative arts/performance
  • athletic scholarships
  • ROTC scholarships
  • alumni affiliation/legacy scholarships/grants.

Data is copyrighted material under license to Peterson's, LLC. Material may contain updates provided solely by the institution to which the updated Data relates. These updates are not independently validated, and no party associated with this website can accept responsibility for their accuracy. Copyright © 2021 by Peterson's, LLC. All rights reserved.