Number Received Financial Aid (All Undergraduate)
2,762
Percent Received Financial Aid(All Undergraduate)
97%
Average Aid Amount
$30,485
Number Received Financial Aid (Freshmen)
728
Percent Received Financial Aid (Freshmen)
100%
Financial Aid Information at Drake
For the academic year 2023-2024, a total of 2,762 students (97% of undergraduate students) received one or more financial aid including grants, scholarships, and/or student loans. The average financial aid amount is $30,485. For freshmen (Full-time, first-time degree-seeking undergraduate students), 728 students (100% of enrolled students) received financial aid.
The 2025 undergraduate tuition & fees at Drake University is $51,960, for reference.
All Undergraduate Students Financial Aid
For the academic year 2023-2024, a total of 2,762 students (97% of all students) have received grants or scholarships and the average received aid amount is $30,485. 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.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Federal, state, local, institutional or other grant aid | 2,762 | 97% | $30,485 |
| Pell Grants | 594 | 21% | $5,186 |
| Federal Student Loans | 1,335 | 47% | $6,396 |
Beginning Students Financial Aid
a total of 728 beginning students (100% of all freshmen) have received any financial aid and 728 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.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Any Student Financial Aid | 728 | 100% | - |
| Grants or Scholarship from All Sources | 728 | 100% | $31,783 |
| Federal Grants | 193 | 26% | $7,144 |
| Pell Grants | 184 | 25% | $5,088 |
| Other Federal Grants | 189 | 26% | $2,342 |
| State/Local Grants | 118 | 16% | $7,537 |
| Institutional Grants | 728 | 100% | $28,667 |
| Student Loans | 388 | 53% | $9,575 |
| Federal Student Loans | 379 | 52% | $5,433 |
| Other Student Loans | 91 | 12% | $18,200 |
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