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What is the average financial aid amount at Drake University?

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For the academic year 2022-2023, total 785 full-time, first-time students (100% of all freshmen) awarded any student financial aid. The headcount includes the number of full-time, first-time degree seeking beginning undergraduate students.

For all undergraduate students, total 2,808 students (97% of all students) received grants or scholarships and the average grant amount is $29,576. In addition, 1,376 students received student loans and the average loan amount is $6,377.

Below tables show the number and amount by source of financial aid at Drake University.
All Undergraduate Student Financial Aid at Drake University
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Federal, state, local, institutional or other grant aid2,80897%$29,576
Pell Grants55819%$4,770
Federal Student Loans1,37647%$6,377
Beginning Students (Freshmen) Financial Aid at Drake University
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Any Student Financial Aid785100%-
Grants or Scholarship from All Sources785100%$31,274
Federal Grants40451%$4,299
Pell Grants17222%$4,841
Other Federal Grants40451%$2,237
State/Local Grants11314%$6,640
Institutional Grants785100%$28,106
Student Loans41252%$8,953
Federal Student Loans40752%$5,309
Other Student Loans9011%$16,978
see more grants, scholarship, student loans, and other financial aid stats

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