Payback
EarningsPlus
Economic score
Drake University is a private national university located in Des Moines, Iowa. Drake University is moderately inclusive in their admissions.
Return on educational investment at Drake University is in the top 50% of all ranked schools. The median student earns $63,528 10 years after enrolling, 1st in Iowa, and in the top 25% nationally. When adjusted for earning differences by major, Drake University bachelor students earn 10% more than the national average. Drake University is ranked 3rd in Iowa.
Drake University’s median net annual cost of $29,903 and average years to graduate of 4.2 are reported only at the school level. We assume these same costs and graduation time for all programs.
The top 6 programs at Drake University sorted by number of graduates - Quantitative methods Mgmt., Advertising & PR, Computer and Information Sciences, Journalism, Marketing, Education - are shown below. To see more programs, click on "see additional programs".
Annual net cost
$29,903
Average years to graduate
4.2
Finance
Rank: #108
Economic score: 2.28
Accounting
Rank: #209
Economic score: 2.35
Business Administration
Rank: #279
Economic score: 2.95
Design & Applied Arts
Rank: #147
Economic score: 6.39
Psychology
Rank: #435
Economic score: 8.68
Rhetoric & Composition
Rank: #51
Economic score: 13.77
Sociology
Rank: #333
Economic score: 16.03
Poli Sci/Government
Rank: #448
Economic score: 25.83
Biochemistry, Biophysics and Molecular Biology
Rank: #117
Economic score: 50.08
Drama
Rank: #154
Economic score: 164.66
EarningPlus compares the three-year post graduate earnings to the median earnings of the same graduating class, with the same graduate degree. These 2 metrics, debt-to-earnings and EarningsPlus, are combined into an economic score. The lower the economic score the better.
The most popular 6 graduate programs at Drake University - Educ. Administration, Business Administration, Education, Student Counseling, Curriculum and Instruction, Public Administration - are shown below. To see more programs, click on "see additional programs".
Accounting
Rank: #99
Economic score: 0.26
The average full-time graduate completes their degree in 4.2 years. 80% of all students graduate within 8 years including part-time students. The graduation rate at Drake University is 15% higher than the state average, and 13% above the average for all national universities in the country.
At Drake University, Pell Grant recipients represent 19% of the measured graduating class, 16% lower than the national average of 35%. The average Pell Grant recipient at Drake University graduates within 4.3 years.
Drake University is in the bottom 25% of schools for graduating Pell recipients.
We calculate this performance by adjusting the graduation rate of Pell students by their percentage of the student body. This adjustment is made to prevent schools with large numbers of Pell students from underperforming in comparison to schools with few Pell students but high graduation rates.
Drake University’s economic mobility score of 9.01 is calculated by adjusting the 3.91 economic score of lower-income students by the 19% pell grant recipients within the student body. Drake University’s EMS of 9.01 ranks in the bottom 25% nationally.false
Economic Mobility
To calculate economic mobility of low-income (household earnings below $30,000) students, we adjust each institution’s economic score by their percentage of Pell Grant students. The logic of this Pell-adjusted calculation is derived from Third Way’s Economic Mobility Index (EMI).
Bottom 25%
The average Title IV recipient at Drake University pays $29,903 a year, $30,425 less than the $60,328 advertised. See below the cost breakdown for students who receive Title IV grants, broken down by income level.
Average net price
The average net price shown by income level for all students that receive Title IV aid. Calculated by deducting the average grant and scholarship aid from tuition, fees, books, and room and board. Limited to first-time, full-time students. Public institution figures are calculated using in-state tuition figures.
Median net price $29,903
Much of the gap between net price and sticker price is filled by institutional and government grants. At Drake University, 100% of students receive some grants and scholarships, compared to the national average of 87% for all colleges and universities. The average amount of federal, state, and institutional grants that students receive is shown on the right.
This leaves a total of $29,903 on average to be covered by the student – be it through loans or out of pocket. In total, 51% of students take out loans, federal or private, at an average amount of $10,212. This is 3% less than the national average.
Federal grants
$5,294
Pell grants
$4,890
State grants
$5,608
Institutional grants
$27,350
Drake University offers 1 hybrid bachelor program. At the master’s level Drake University offers 13 programs, all of which are hybrid format. We use the IPEDS July '20 — July '21 Distance Education report to determine which programs are online. EarningsPlus data is provided when available.
Online programs
14
Hybrid programs
14
Percentage of programs online
18%
Drake University's moderately inclusive admissions are indicated by their 69% acceptance rate. In 2021, the school had 7,932 applicants, of which 5,479 were admitted and 759 enrolled. Drake University has a rolling admissions policy, which means applications are reviewed as they arrive until all spaces are filled.
Full time
98%
83%
Female
61%
59%
First time
82%
59%
In-state
30%
68%
1st generation
15%
35%
White
74%
52%
Black
6%
14%
Hispanic
8%
15%
Asian
5%
5%
American Indian
N/A
1.6%
Pacific Islander
N/A
0.3%
Other
7%
12%