Tuition, Fees, Living Costs, and Cost of Attendance (COA)
Undergraduate Program Tuition & Fees
For the academic year 2023-2024, the undergraduate tuition & fees at Drake University is $49,944. The 2024 undergraduate tuition has been risen by 4.61% compared to the previous year. Its undergraduate tuition & fees is much higher than the average amount for similar schools' tuition of $35,319.
The 2025 estimated undergraduate tuition & fees is $52,248 , a 4.6% increase compared to 2024's rate.
| Year | Tuition & Fees | On Campus Room & Board, Other Expenses |
|---|---|---|
| 2022-2023 | $47,742 | $14,720 |
| 2023-2024 | $49,944 | $16,036 |
| Change % 2023-2024 | 4.61% | 8.94% |
| 2024-2025 | $52,248 | $17,470 |
Graduate Program Tuition & Fees
For graduate programs, 2024 tuition & fees is $12,777. The graduate tuition has been risen by 5.35% compared to the previous year. Its graduate tuition & fees is lower than the average amount for similar schools' tuition of $18,991.
The estimated graduate school tuition & fees is $13,461 for the academic year 2024-2025 , a 5.4% increase compared to 2024's rate.
| Year | Tuition & Fees | On Campus Room & Board, Other Expenses |
|---|---|---|
| 2022-2023 | $12,128 | $14,720 |
| 2023-2024 | $12,777 | $16,036 |
| Change % 2023-2024 | 5.35% | 8.94% |
| 2024-2025 | $13,461 | $17,470 |
Cost Per Credit Hour
The below table describes the cost per credit hour for part-time students and/or full-time students who take additional courses more than regular credit hours at Drake. The undergraduate cost per credit hour is $1,330. The graduate tuition per credit hour is $695.
| Year | Cost Per Credit Hour | |
|---|---|---|
| Undergraduate | 2022-2023 | $1,271 |
| 2023-2024 | $1,330 | |
| 2024-2025 | $1,392 | |
| Graduate | 2022-2023 | $660 |
| 2023-2024 | $695 | |
| 2024-2025 | $732 |
Cost of Attendance with Living Costs and Books & Supplies
The living costs including for room, board, transpiration, and other personal expenses is $16,036 for year 2024. The on-campus living costs increased by 8.94% compared to the previous year. The off-campus living costs decreased by 9.20% compared to the previous year.
The Drake's 2024 on-campus COA is $67,080 and off-campus COA is $65,023.
| On-Campus | Off Campus | |
|---|---|---|
| Tuition & Fees | $49,944 | |
| Room & Board | $11,858 | $9,360 |
| Personal Expenses | $4,178 | $4,619 |
| Books & Supplies | $1,100 | |
| Cost of Attendance | $67,080 | $65,023 |
Data source: IPEDS (integrated Postsecondary Education Dta System)
Updated with 2023-2024 tuition (Last update: 03/01/2024)
Cost estimates for 2024-2025 are based on last year's rate of change.
Drake Tuition Charts
The following charts visualize tuition, fees, living costs, and other expenses at Drake. You can enlarge the chart to view detailed information.
4-Years Costs of Attendance
How Much is the tuition for 4 years at Drake?
For the entering class 2024, the estimated tuition for 4 years at Drake is $214,116.
The estimation excludes the book, supplies, and living costs before receiving any financial aid. See the other tabs for estimating 4-year total costs of attendance and after financial aid. The next table shows the estimated 4-years tuition & fees for the next 5 admission years. The estimation is based on 4-years changes in tuition & fees at the school.
| Admission Year | Freshmen | Sophomore | Junior | Senior | 4 Years Total | |
|---|---|---|---|---|---|---|
| Class of 2028 | Fall 2024 | $51,339 | $52,772 | $54,245 | $55,760 | $214,116 |
| Class of 2029 | Fall 2025 | $52,772 | $54,245 | $55,760 | $57,317 | $220,094 |
| Class of 2030 | Fall 2026 | $54,245 | $55,760 | $57,317 | $58,917 | $226,240 |
| Class of 2031 | Fall 2027 | $55,760 | $57,317 | $58,917 | $60,562 | $232,556 |
| Class of 2032 | Fall 2028 | $57,317 | $58,917 | $60,562 | $62,253 | $239,050 |
COA including Books, Living Costs and Personal Expenses
The table shows the 4-years estimation of total costs of attendance (COA). It includes the tuition & fees, books & supplies costs, room & board charges, and other living expenses.
For the students who were admitted in Fall 2024, the estimated 4-years COA is $285,675.
| Admission Year | Freshmen | Sophomore | Junior | Senior | 4 Years Total | |
|---|---|---|---|---|---|---|
| Class of 2028 | Fall 2024 | $68,771 | $70,505 | $72,286 | $74,113 | $285,675 |
| Class of 2029 | Fall 2025 | $70,505 | $72,286 | $74,113 | $75,989 | $292,893 |
| Class of 2030 | Fall 2026 | $72,286 | $74,113 | $75,989 | $77,913 | $300,301 |
| Class of 2031 | Fall 2027 | $74,113 | $75,989 | $77,913 | $79,889 | $307,904 |
| Class of 2032 | Fall 2028 | $75,989 | $77,913 | $79,889 | $81,916 | $315,706 |
Actual COA after Receiving Financial Aid
Last year, 97% of enrolled undergraduate students have received grants or scholarship aid. It includes any financial aid from the federal government, state, local, institute, and other sources known by the institution. It excludes federal/private student loans.
After receiving the financial aid, the net price for 4 years of attending the school is $167,371.
| Admission Year | Freshmen | Sophomore | Junior | Senior | 4 Years Total | |
|---|---|---|---|---|---|---|
| Class of 2028 | Fall 2024 | $39,195 | $40,929 | $42,710 | $44,537 | $167,371 |
| Class of 2029 | Fall 2025 | $40,929 | $42,710 | $44,537 | $46,413 | $174,589 |
| Class of 2030 | Fall 2026 | $42,710 | $44,537 | $46,413 | $48,337 | $181,997 |
| Class of 2031 | Fall 2027 | $44,537 | $46,413 | $48,337 | $50,313 | $189,600 |
| Class of 2032 | Fall 2028 | $46,413 | $48,337 | $50,313 | $52,340 | $197,402 |
Compare Tuition with Similar Colleges
The following table compares tuition & fees between Drake University and its similar schools. The similar schools are based on academic factors such as school type, level, and rivalry schools.
| In-State | Out-of-State | |
|---|---|---|
| Drake University | $49,944 | |
| Indiana State University | $9,992 | $21,734 |
| Loyola University Chicago | $51,716 | |
| Missouri State University-Springfield | $9,024 | $17,928 |
| Southern Illinois University-Carbondale | $15,416 | $13,244 |
| Bradley University | $39,680 | |
College Cost Explorer
The following tool gives a comprehensice way to explore tuition and other college expenses year by year. It provides the past 5 years' colleges costs so that you can check increase rate and estimate future year cost. In addition, financial aid data including grant, scholarship, and federal student loans is also available for the past five years. Use the left menu to explore the tuition and college cost at Drake University.
Drake University 2024 Costs of Attendance
| Tuition & Fees | Book & Supplies | Living Costs | |
|---|---|---|---|
| Undergraduate | $49,944 | $1,100 | $16,036 |
| Graduate | $12,777 | $1,100 | $16,036 |