univstats

Drake Financial Aid

Number Received Financial Aid (All Undergraduate) 2,808
Percent Received Financial Aid(All Undergraduate) 97%
Average Aid Amount $29,576
Number Received Financial Aid (Freshmen) 785
Percent Received Financial Aid (Freshmen) 100%

Financial Aid Information at Drake

For the academic year 2021-2022, a total of 2,808 students (97% of undergraduate students) received one or more financial aid including grants, scholarships, and/or student loans. The average financial aid amount is $29,576. For freshmen (Full-time, first-time degree-seeking undergraduate students), 785 students (100% of enrolled students) received financial aid.
The 2024 undergraduate tuition & fees at Drake University is $49,944, for reference.

All Undergraduate Students Financial Aid

For the academic year 2021-2022, a total of 2,808 students (97% of all students) have received grants or scholarships and the average received aid amount is $29,576. It includes federal, state, local, institutional, or other sources of grant aid. The following table describes the financial aid statistics by aid types at Drake University for all undergraduate students.
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 Financial Aid

a total of 785 beginning students (100% of all freshmen) have received any financial aid and 785 students (100% of all freshmen) awarded any student loans. The headcount includes the number of full-time, first-time degree-seeking beginning undergraduate students. The below table shows the number and amount by the source of financial aid at Drake University.
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