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Drake University: cost, admission and results

Drake University is a private nonprofit college in Des Moines, Iowa. It has about 2,543 undergraduate students. It admits 64% of applicants. The average net price for students with federal aid is $29,415 a year.

At a glance

  • 64%Admission rate
  • $29,415Net price a year
  • 71%Graduation rate
  • $78,855Median earnings, 10 years on
Location
Des Moines, Iowa 50311
Type
Private nonprofit
Degrees
Mostly bachelor's degrees (four-year)
Setting
Midsize city
Undergraduate students
2,543
Graduate students
1,760
Students per teacher
11 to 1
Accredited by
Higher Learning Commission
Website
drake.edu

Getting in

Drake University admits 64% of those who apply, which makes it moderately selective. The median admission rate of colleges on this site that report one is 77%. The average SAT score of admitted students is 1292 out of 1600 (midpoints: 655 in reading and writing, 645 in maths). The midpoint ACT score is 28 out of 36.

What it costs

Tuition and fees for a year$52,130
Room and meals on campus$12,876
Books and supplies$510
Average full cost of a year (tuition, living, books), before aid$65,475
Average net price after grants and scholarships$29,415

The net price is what students who got federal aid paid on average for a year after grants and scholarships were taken off. It is 37% above the median net price of colleges in Iowa on this site ($21,412). International students normally pay the published tuition and do not receive US federal aid.

Net price by family income

Family income a yearAverage net price
Up to $30,000$28,458
$30,001 to $48,000$25,119
$48,001 to $75,000$25,416
$75,001 to $110,000$28,365
Above $110,000$32,318

For students who received federal aid. A negative figure means grants were larger than the cost counted.

For an estimate that fits your own family, use the college's net price calculator.

Results

MeasureThis collegeIA medianUS median
Students who come back for a second year84%73%73%
Students who finish their degree (within one and a half times the normal length)71%54%49%
Median earnings 10 years after starting$78,855$57,656$53,132
Median federal loan debt of those who finish$21,500$21,381$19,994

Medians are the middle value of the colleges on this site in Iowa and in the whole country. Completion and return rates count first-time, full-time students. Earnings and debt count students who received federal aid.

The students

28% of undergraduates receive a Pell Grant, the federal grant for students from lower-income families. 48% take a federal student loan. The undergraduate body is 61% women and 39% men. By undergraduate numbers it is number 8 of the 43 colleges in Iowa on this site that report a size; the middle-sized one has 1,227.

Other colleges in Iowa of a similar size

Common questions

What is the acceptance rate of Drake University?

Drake University admits 64% of applicants, according to the College Scorecard.

How much is tuition at Drake University?

Published tuition and fees are $52,130 a year. Most students with aid pay less: see the net price.

What is the graduation rate of Drake University?

71% of first-time, full-time students finish within one and a half times the normal length of the course.

Source: College Scorecard, U.S. Department of Education, data released on 2 November 2026; checked in November 2026. Net price, debt and earnings describe students who received US federal aid. Costs change each year. This is official data for general information, not advice: confirm costs and admission rules on the college's own website and at collegescorecard.ed.gov.

All colleges in Iowa How to read these figures