Iowa students paid $41,396 to attend the four-year private not-for-profit institution this year – $2,334 more than the $39,062 charged for 2017-18.
Data shows 100 percent of full-time undergraduates who started school in 2015-16 received student financial aid in some form. In all, 758 students received grants or scholarships totaling $18.3 million and 424 students took out student loans totaling more than $3.6 million.
Including all undergraduates (4,869), 2,959 students used grants or scholarships totaling $63 million, and 1,551 students took out $11.6 million in federal student loans.
The cost of attending
| Enrollment | 2015-16 | 2016-17 | 2017-18 | 2018-19 | Change in tuition and fees 2015-16 to 2018-19 | |
|---|---|---|---|---|---|---|
| In-state | ~1,704 | $33,696 | $35,206 | $39,062 | $41,396 | 22.9% |
Undergraduate financial aid
The following data includes only full-time students who began an undergraduate program at Drake University in 2015-16.| Type of Aid | Number of students receiving aid | Percent receiving aid | Total amount of aid received | Average amount of aid per student |
|---|---|---|---|---|
| Federal grants | 140 | 18% | $771,748 | $5,512 |
| State / local grant or scholarship | 89 | 12% | $500,475 | $5,623 |
| Institutional grants or scholarships | 758 | 100% | $17,006,935 | $22,437 |
| Grant or scholarship aid total | 758 | 100% | $18,279,158 | $24,115 |
| Federal student loans | 419 | 55% | $2,280,963 | $5,444 |
| Other student loans | 82 | 11% | $1,329,923 | $16,219 |
| Student loan aid | 424 | 56% | $3,610,886 | $8,516 |
| Total student aid | 758 | 100% | - | - |
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