Drake University

www.drake.edu

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2024 Undergraduate Tuition

$51,444

4% growth from 2023

2024 Average Net Price

$29,565

After Financial Aid

2024 Acceptance Rate

63.9%

9,873 Applicants

2024 Enrolled Students

4,345

75.5% Full-Time

2024 Graduation Rate

73%

497 Graduates

About

Drake University is a higher education institution located in Polk County, IA. In 2024, the most popular Professional Doctorate concentrations at Drake University were Law (99 degrees awarded), Pharmacy (75 degrees), and Occupational Therapy (50 degrees).

In 2024, 1,497 degrees were awarded across all undergraduate and graduate programs at Drake University. 64.1% of these degrees were awarded to women, and 35.9% awarded men. The most common race/ethnicity group of degree recipients was white (1,176 degrees), 14.7 times more than then the next closest race/ethnicity group, hispanic or latino (80 degrees).

The median undergraduate tuition at Drake University is $51,444, which is $19,524 more than the national average for Doctoral Universities ($31,920).

Doctoral Universities: Moderate Research Activity Doctoral Universities

Costs

In 2024, the median undergraduate tuition at Drake University is $51,444, which is $19,524 more than the national average for Doctoral Universities ($31,920).

After taking grants and loans into account, the average net price for students is $29,565.

In 2024, 97% of undergraduate students attending Drake University received financial aid through grants. Comparatively, 44% of undergraduate students received financial aid through loans.

Tuition Costs

$51,444

2024 Undergraduate Tuition

In 2024, the cost of tuition at Drake University was $51,444. The cost of tuition at Drake University is $19,524 more than than the overall (public and private) national average for Doctoral Universities ($31,920).

This chart compares the tuition costs of Drake University (in red) with those of other similar universities.

Average Net Price

$29,565

2024 Value

4.28%

1 Year Growth

In 2024 Drake University had an average net price — the price paid after factoring in grants and loans — of $29,565. Between 2023 and 2024, the average net price of Drake University grew by 4.28%.

This chart compares the average net price of Drake University (in red) with that of other similar universities.

Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

Other Student Expenses

$10,609

Room and Board

$1,100

Books and Supplies

The average yearly cost of room and board at Drake University was of $10,609 in 2024. The cost of room and board increased by 6.41% between 2023 and 2024.

During the same period, the average yearly cost of books and supplies was $1,100. The cost of books and supplies did not change during the same period.

This chart compares the average student costs at Drake University (in red) with that of similar universities.

Financial Aid by Income Level

97%

Undergraduates Receiving Financial Aid through Grants

44%

Undergraduates Receiving Financial Aid through Loans

97% of undergraduate students at Drake University received financial aid through grants or loans in 2024. This represents a growth of 0% with respect to 2023, when 97% of undergraduate students received financial aid.

This chart compares the average award discount at Drake University (in red) with that of other similar universities.

The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

Admissions

Drake University received 9,873 undergraduate applications in 2024, which represents a 27.5% annual growth. Out of those 9,873 applicants, 6,304 students were accepted for enrollment, representing a 63.9% acceptance rate.

There were 4,345 students enrolled at Drake University in 2024. 5% of first-time enrollees submitted SAT scores with their applications.

Drake University has an overall enrollment yield of 9.8%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

63.9%

Acceptance Rate in 2024

6,304

Accepted Out of 9,873

In 2024, the undergraduate acceptance rate of Drake University was 63.9% (6,304 admissions from 9,873 applications). This is lower than the acceptance rate of 2023, which was 64.1%. Between 2023 and 2024, the number of applicants grew by 27.5%, while admissions grew by 27%.

This chart compares the acceptance rate of Drake University (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

SAT Scores

Submission Percentage (2024)

Scores Submitted (2024)

5% of enrolled first-time students at Drake University in 2024 submitted SAT scores with their applications.

The following chart shows the average SAT scores for the 25th, 50th, and 75th percentile of applicants for each section of the test that they are evaluated on.

Enrollment

Drake University had a total enrollment of 4,345 students in 2024. The full-time enrollment at Drake University is 3,279 students and the part-time enrollment is 1,066. This means that 75.5% of students enrolled at Drake University are enrolled full-time.

The enrolled student population at Drake University, both undergraduate and graduate, is 72.6% White, 7.99% Hispanic or Latino, 6.31% Black or African American, 4.79% Asian, 4.33% Two or More Races, 0.115% American Indian or Alaska Native, and 0.046% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Drake University in full-time Undergraduate programs are most commonly White Female (42.7%), followed by White Male (26.5%) and Hispanic or Latino Female (5.04%). Students enrolled in full-time Graduate programs are most commonly White Female (52.7%), followed by White Male (25.9%) and Asian Female (3.91%).

Full-Time vs Part-Time Enrollment

75.5%

Full-Time Enrollment

The total enrollment at Drake University in 2024, both undergraduate and graduate, is 4,345 students. The full-time enrollment at Drake University is 3,279 and the part-time enrollment is 1,066. This means that 75.5% of students enrolled at Drake University are enrolled full-time compared with 77.3% at similar Doctoral Universities.

This chart shows the full-time vs part-time enrollment status at Drake University (in red) compares to similar universities.

Retention Rate over Time

84%

2024 Retention Rate

Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall. The retention rate for full-time undergraduates at Drake University was 84%. Compared with the full-time retention rate at similar Doctoral Universities (82%), Drake University had a retention rate higher than its peers.

This chart shows the retention rate over time at Drake University (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2024)

White
3,155 enrolled students
Hispanic or Latino
347 enrolled students
Black or African American
274 enrolled students

The enrolled student population at Drake University is 72.6% White, 7.99% Hispanic or Latino, 6.31% Black or African American, 4.79% Asian, 4.33% Two or More Races, 0.115% American Indian or Alaska Native, and 0.046% Native Hawaiian or Other Pacific Islanders. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Doctoral Universities is 46.2% White, 16.3% Hispanic or Latino, and 10.4% Black or African American.

Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 25 students (0.575%) did not report their race.

Graduates

In 2024, 423 more women than men received degrees from Drake University. The most common race/ethnicity group of degree recipients at Drake University is white (1,176 degrees awarded). There were 14.7 times more white recipients than the next closest race/ethnicity group, hispanic or latino (80 degrees).

The most common Professional Doctorate concentration at Drake University is Law (99 degrees awarded), followed by Pharmacy (75 degrees) and Occupational Therapy (50 degrees).

In 2024, the most specialized majors across all degree types at Drake University, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Legal (153 degrees awarded), Education (286 degrees), and Communications (87 degrees).

Common Jobs by Major

Elementary & middle school teachers

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Drake University are Elementary & middle school teachers (1,561,576 people), Secondary school teachers (525,372 people), Education administrators (298,359 people), Other managers (275,931 people), and Special education teachers (208,850 people).

The most specialized majors at Drake University in 2024 are Legal (153 degrees awarded), Education (286 degrees), Communications (87 degrees), Natural Resources & Conservation (22 degrees), and History (18 degrees) (as of 2024).

Highest Paying Jobs by Major

Surgeons

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Drake University are Surgeons, Diagnostic medical sonographers, Magnetic resonance imaging technologists, Physicians, and Nuclear medicine technologists and medical dosimetrists

The most specialized majors at Drake University are Legal (153 degrees awarded), Education (286 degrees), Communications (87 degrees), Natural Resources & Conservation (22 degrees), and History (18 degrees) (as of 2024).

Common Industries by Major

Elementary & secondary schools

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Drake University are Elementary & secondary schools (2,910,913 people), Colleges, universities & professional schools, including junior colleges (401,044 people), Computer Systems Design (197,604 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (197,063 people), and Legal services (163,131 people).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Drake University.

Most Common (2024)

Other Liberal Arts & Sciences, General Studies, & Humanities
7 degrees awarded
General Business Administration & Management
6 degrees awarded

In 2024, the most common associates degree concentration at Drake University was Other Liberal Arts & Sciences, General Studies, & Humanities with 7 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from associates degree programs at Drake University according to their major.

Sex Breakdown for Common Majors

537

Degrees Awarded to Men

in 2024

960

Degrees Awarded to Women

in 2024

In 2024, 537 degrees were awarded to men at Drake University, which is 0.559 times less than the number of degrees awarded to females (960).

This chart displays the sex disparity between the top 5 majors at Drake University by degrees awarded.

Most Common Male Majors

In 2024, 48 degrees were awarded to men at Drake University in General Business Administration & Management, which is 0.814 times less than the 59 female recipients with that same degree.

Most Common Female Majors

In 2024, 102 degrees were awarded to men at Drake University in General Educational Leadership & Administration, which is 2.91 times more than the 35 male recipients with that same degree.

Time to Complete

68%

100% Completion Time

75%

150% Completion Time

In 2024, 68% of students graduating from Drake University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 75% completed their degrees within 150% of the normal time, and 76% within 200%.

The following chart shows these completion rates over time compared to the average for the Doctoral Universities Carnegie Classification group.

Graduation rate is defined as the percentage of full-time, first-time students who received a degree or award within a specific percentage of "normal time" to completion for their program.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2024)

White
1,176 degrees awarded
Hispanic or Latino
80 degrees awarded
Black or African American
73 degrees awarded

The most common race/ethnicity at Drake University is white (1,176 degrees awarded). There were 14.7 times more white recipients than the next closest race/ethnicity group, hispanic or latino (80 degrees).

0.267% of degree recipients (4 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2024)

White Female
817 degrees awarded
White Female
813 degrees awarded
White Female
806 degrees awarded

The most common race/ethnicity and sex grouping at Drake University is white female (817 degrees awarded). There were 1 times more white female recipients than the next closest race/ethnicity group, white female (813 degrees).

Operations

Drake University has an endowment valued at nearly $306M, as of the end of the 2024 fiscal year. The return on its endowment was of 40.3M (13.2%) compared to the 9.4% average return (23.7M on 252M) across all Doctoral Universities.

In 2024, Drake University had a total salary expenditure of 165M. Drake University employs 120 Professors, 99 Associate professors and 64 Assistant professors. Most academics at Drake University are Male Professor (63), Female Professor (57), and Female Associate professor (50).

The most common positions for non-instructional staff at Drake University are: Office and Administrative Support, with 238 employees, Service, with 79 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 78 employees.

Endowment

$306M

2024 Endowment

14.7%

growth from 2023

Drake University has an endowment valued at about $306M, as of the end of the 2024 fiscal year. The endowment of Drake University grew 14.7% from the previous year. The value of their endowment was $54.1M higher than than the median endowment of Doctoral Universities according to the Carnegie Classification grouping.

This line chart shows how the endowment at Drake University (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Doctoral Universities: Moderate Research Activity Carnegie Classification grouping.

Salary Expenditure

$73.8M

2024 Salaries

2.68%

growth from 2023

In 2024, Drake University paid a median of $73.8M in salaries, which represents 44.8% of their overall expenditure ($165M) and a 2.68% growth from the previous year. This is compared to a 5.41% growth between 2022 and 2023, and a 2.54% growth between 2021 and 2022.

Instructional Salaries

$28.5M

Instructional Salaries

289

Number of Employees

In 2024, Drake University paid a total of $28.5M to 289 employees working as instructors, which represents 38.6% of all salaries paid.

This is compared to a median of $4.1M (2.29%) for similar Doctoral Universities.

Occupations by Share

In 2024, the most common positions for non-instructional staff at Drake University were Office and Administrative Support with 238 employees, Service with 79 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 78 employees.

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