Drake's tuition & fees has increased from $33,696 (2015) to $51,960 (2025), and the rate of tuition increase is 54.20% over the past 10 years. The graduate school tuition & fees has raised from $9,970 (year 2015) to $12,825 (year 2025).
Drake's tuition increase rate is lower than the Iowa's average increase rate of 57.31%. Compare to all colleges in United States, it's increase rate is higher than the average increase rate of 10.99%.
Cost of Attendance (COA) Trends
The total cost of attendance (COA), including tuition & fees, books & supplies costs, and living costs, increased by 41.55% from 2015 ($48,092).
For the current academic year 2024-2025, Drake's COA is $68,072, which is increased by 1.48% from last year.
The following table and chart show changes to Drake's COA over the past 10 years.
Tuition & Fees Changes
The tuition & fees have increased 54.20% for the last 10 years , and the 2025 tuition & fees are $51,444. The following table and chart show the tuition & fees changes at Drake University over last the 10 years.
Books & Supplies Costs Changes
The cost of purchasing books & supplies which are required/recommended for courses $510, and it has decreased -53.64% from the year 2015 to 2025.
| Year | Books & Supplies | Change by Year |
|---|
| 2015-16 | $1,100 | - |
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| 2016-17 | $1,100 | |
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| 2017-18 | $1,100 | |
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| 2018-19 | $1,100 | |
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| 2019-20 | $1,100 | |
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| 2020-21 | $1,100 | |
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| 2021-22 | $1,100 | |
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| 2022-23 | $1,100 | |
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| 2023-24 | $1,100 | |
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| 2024-25 | $510 | -53.64% |
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Living Costs Changes
The living costs including room, board, and other living expenses have increased 22.41% when a student lives on-campus facilities and 8.57% when living-off campus from the year 2015 to 2025. The following table shows the changes in living costs at Drake University.
| Year | Living On Campus | Living Off Campus | Change by Year |
|---|
| 2015-16 | $13,296 | $13,296 | - |
|---|
| 2016-17 | $13,550 | $13,550 | 1.91% |
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| 2017-18 | $13,858 | $13,858 | 2.27% |
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| 2018-19 | $14,228 | $14,228 | 2.67% |
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| 2019-20 | $14,548 | $14,548 | 2.25% |
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| 2020-21 | $14,852 | $14,852 | 2.09% |
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| 2021-22 | $15,113 | $15,113 | 1.76% |
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| 2022-23 | $14,720 | $15,395 | -2.60% |
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| 2023-24 | $16,036 | $13,979 | 8.94% |
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| 2024-25 | $15,602 | $14,004 | -2.71% |
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Compare Tuition Change to Similar Colleges
The following table compares 2025 tuition and increase rate from last year between Drake University and similar schools.
| 2025 | 2024 | Increase Rate |
|---|
| Drake University | $51,960 | $49,944 | 4.04% |
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| Illinois State University | $26,058 | $23,479 | 10.98% |
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|
| Indiana State University | $22,322 | $21,734 | 2.71% |
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| University of Northern Iowa | $21,712 | $21,272 | 2.07% |
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| Valparaiso University | $48,450 | $46,588 | 4.00% |
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| Southern Illinois University-Carbondale | $13,334 | $13,244 | 0.68% |
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