Drake University

www.drake.edu

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2023 Undergraduate Tuition

$49,466

4% growth from 2022

2023 Average Net Price

$30,886

After Financial Aid

2021 Default Rate

on Student Loans

2023 Acceptance Rate

64.1%

7,741 Applicants

2023 Enrolled Students

4,504

76.1% Full-Time

2023 Graduation Rate

76.6%

533 Graduates

About

Drake University is a higher education institution located in Polk County, IA. In 2023, the most popular Professional Doctorate concentrations at Drake University were Law (105 degrees awarded), Pharmacy (66 degrees), and Occupational Therapy (48 degrees).

In 2023, 1,539 degrees were awarded across all undergraduate and graduate programs at Drake University. 63.1% of these degrees were awarded to women, and 36.9% awarded men. The most common race/ethnicity group of degree recipients was white (1,222 degrees), 13.4 times more than then the next closest race/ethnicity group, hispanic or latino (91 degrees).

The median undergraduate tuition at Drake University is $49,466, which is $24,891 more than the national average for Masters Colleges and Universities ($24,575).

In 2021 the default rate for borrower's at Drake University was 0%, corresponding to 0 out of the 924 total borrowers.

Masters Colleges & Universities: Larger Programs Masters Colleges and Universities

Costs

In 2023, the median undergraduate tuition at Drake University is $49,466, which is $24,891 more than the national average for Masters Colleges and Universities ($24,575).

After taking grants and loans into account, the average net price for students is $30,886.

In 2023, 97% of undergraduate students attending Drake University received financial aid through grants. Comparatively, 47% of undergraduate students received financial aid through loans.

Tuition Costs

$49,466

2023 Undergraduate Tuition

In 2023, the cost of tuition at Drake University was $49,466. The cost of tuition at Drake University is $24,891 more than than the overall (public and private) national average for Masters Colleges and Universities ($24,575).

This chart compares the tuition costs of Drake University (in red) with those of other similar universities.

Average Net Price

$30,886

2023 Value

1.82%

1 Year Growth

In 2023 Drake University had an average net price — the price paid after factoring in grants and loans — of $30,886. Between 2022 and 2023, the average net price of Drake University grew by 1.82%.

This chart compares the average net price of Drake University (in red) with that of other similar universities.

Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

Other Student Expenses

$9,970

Room and Board

$1,100

Books and Supplies

The average yearly cost of room and board at Drake University was of $9,970 in 2023. The cost of room and board increased by 1.43% between 2022 and 2023.

During the same period, the average yearly cost of books and supplies was $1,100. The cost of books and supplies did not change during the same period.

This chart compares the average student costs at Drake University (in red) with that of similar universities.

Financial Aid by Income Level

97%

Undergraduates Receiving Financial Aid through Grants

47%

Undergraduates Receiving Financial Aid through Loans

97% of undergraduate students at Drake University received financial aid through grants or loans in 2023. This represents a growth of 0% with respect to 2022, when 97% of undergraduate students received financial aid.

This chart compares the average award discount at Drake University (in red) with that of other similar universities.

The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

Student Loan Default Rate

Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.

2021 Default Rate

Number of Defaults

In 2021 the default rate for borrower's at Drake University was 0%, which represents 0 out of the 924 total borrowers.

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

Admissions

Drake University received 7,741 undergraduate applications in 2023, which represents a 10.2% annual growth. Out of those 7,741 applicants, 4,964 students were accepted for enrollment, representing a 64.1% acceptance rate.

There were 4,504 students enrolled at Drake University in 2023. 8% of first-time enrollees submitted SAT scores with their applications.

Drake University has an overall enrollment yield of 12.9%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

64.1%

Acceptance Rate in 2023

4,964

Accepted Out of 7,741

In 2023, the undergraduate acceptance rate of Drake University was 64.1% (4,964 admissions from 7,741 applications). This is lower than the acceptance rate of 2022, which was 67.2%. Between 2022 and 2023, the number of applicants declined by 10.2%, while admissions declined by 14.4%.

This chart compares the acceptance rate of Drake University (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

SAT Scores

Submission Percentage (2023)

Scores Submitted (2023)

8% of enrolled first-time students at Drake University in 2023 submitted SAT scores with their applications.

The following chart shows the average SAT scores for the 25th, 50th, and 75th percentile of applicants for each section of the test that they are evaluated on.

Enrollment

Drake University had a total enrollment of 4,504 students in 2023. The full-time enrollment at Drake University is 3,427 students and the part-time enrollment is 1,077. This means that 76.1% of students enrolled at Drake University are enrolled full-time.

The enrolled student population at Drake University, both undergraduate and graduate, is 74.8% White, 6.64% Hispanic or Latino, 5.88% Black or African American, 4.75% Asian, 4.17% Two or More Races, 0.133% American Indian or Alaska Native, and 0.0888% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Drake University in full-time Undergraduate programs are most commonly White Female (43%), followed by White Male (28%) and Hispanic or Latino Female (4.6%). Students enrolled in full-time Graduate programs are most commonly White Female (55%), followed by White Male (25.5%) and Asian Female (3.55%).

Full-Time vs Part-Time Enrollment

76.1%

Full-Time Enrollment

The total enrollment at Drake University in 2023, both undergraduate and graduate, is 4,504 students. The full-time enrollment at Drake University is 3,427 and the part-time enrollment is 1,077. This means that 76.1% of students enrolled at Drake University are enrolled full-time compared with 68.2% at similar Masters Colleges and Universities.

This chart shows the full-time vs part-time enrollment status at Drake University (in red) compares to similar universities.

Retention Rate over Time

84%

2023 Retention Rate

Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall. The retention rate for full-time undergraduates at Drake University was 84%. Compared with the full-time retention rate at similar Masters Colleges and Universities (74%), Drake University had a retention rate higher than its peers.

This chart shows the retention rate over time at Drake University (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)

White
3,371 enrolled students
Hispanic or Latino
299 enrolled students
Black or African American
265 enrolled students

The enrolled student population at Drake University is 74.8% White, 6.64% Hispanic or Latino, 5.88% Black or African American, 4.75% Asian, 4.17% Two or More Races, 0.133% American Indian or Alaska Native, and 0.0888% Native Hawaiian or Other Pacific Islanders. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Masters Colleges and Universities is 50.1% White, 17.7% Hispanic or Latino, and 13.4% Black or African American.

Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 18 students (0.4%) did not report their race.

Graduates

In 2023, 403 more women than men received degrees from Drake University. The most common race/ethnicity group of degree recipients at Drake University is white (1,222 degrees awarded). There were 13.4 times more white recipients than the next closest race/ethnicity group, hispanic or latino (91 degrees).

The most common Professional Doctorate concentration at Drake University is Law (105 degrees awarded), followed by Pharmacy (66 degrees) and Occupational Therapy (48 degrees).

In 2023, the most specialized majors across all degree types at Drake University, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Legal (169 degrees awarded), Communications (150 degrees), and Education (258 degrees).

Common Jobs by Major

Elementary & middle school teachers

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Drake University are Elementary & middle school teachers (1,544,382 people), Secondary school teachers (503,303 people), Education administrators (285,723 people), Other managers (258,547 people), and Special education teachers (209,456 people).

The most specialized majors at Drake University in 2023 are Legal (169 degrees awarded), Communications (150 degrees), Education (258 degrees), Natural Resources & Conservation (19 degrees), and Interdisciplinary Studies (66 degrees) (as of 2023).

Highest Paying Jobs by Major

Diagnostic medical sonographers

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Drake University are Diagnostic medical sonographers, Surgeons, Nurse anesthetists, Tool & die makers, and Physicians

The most specialized majors at Drake University are Legal (169 degrees awarded), Communications (150 degrees), Education (258 degrees), Natural Resources & Conservation (19 degrees), and Interdisciplinary Studies (66 degrees) (as of 2023).

Common Industries by Major

Elementary & secondary schools

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Drake University are Elementary & secondary schools (2,864,084 people), uninformed (577,782 people), Colleges, universities & professional schools, including junior colleges (362,153 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (242,444 people), and Computer Systems Design (188,007 people).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Drake University.

Most Common (2023)

General Marketing & Marketing Management
49 degrees awarded
Data Analytics, General
48 degrees awarded
Public Relations & Image Management
45 degrees awarded

In 2023, the most common bachelors degree concentration at Drake University was General Marketing & Marketing Management with 49 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from bachelors degree programs at Drake University according to their major.

Sex Breakdown for Common Majors

568

Degrees Awarded to Men

in 2023

971

Degrees Awarded to Women

in 2023

In 2023, 568 degrees were awarded to men at Drake University, which is 0.585 times less than the number of degrees awarded to females (971).

This chart displays the sex disparity between the top 5 majors at Drake University by degrees awarded.

Most Common Male Majors

In 2023, 56 degrees were awarded to men at Drake University in Law, which is 1.14 times more than the 49 female recipients with that same degree.

Most Common Female Majors

In 2023, 80 degrees were awarded to men at Drake University in General Educational Leadership & Administration, which is 3.64 times more than the 22 male recipients with that same degree.

Time to Complete

70%

100% Completion Time

77%

150% Completion Time

In 2023, 70% of students graduating from Drake University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 77% completed their degrees within 150% of the normal time, and 78% within 200%.

The following chart shows these completion rates over time compared to the average for the Masters Colleges and Universities Carnegie Classification group.

Graduation rate is defined as the percentage of full-time, first-time students who received a degree or award within a specific percentage of "normal time" to completion for their program.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

Asian Male

Highest Graduation Rate (81.8%)

The student demographic with the highest graduation rate in 2023 at Drake University is Male and Asian (81.8% graduation rate). Across all Masters Colleges and Universities, Asian Female students have the highest graduation rate (74.3%).

The department of education defines graduation rate as the percentage of full-time, first-time students who received a degree or award within 150% of "normal time" to completion.

The National Center for Education Statistics (NCES) categorizes any student who is studying in the United States on a temporary basis as a "Non-Resident Alien", and the graduation rate of those students is shown in the chart below. Additionally, 0.188% of graduates (1 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)

White
1,222 degrees awarded
Hispanic or Latino
91 degrees awarded
Black or African American
70 degrees awarded

The most common race/ethnicity at Drake University is white (1,222 degrees awarded). There were 13.4 times more white recipients than the next closest race/ethnicity group, hispanic or latino (91 degrees).

0.065% of degree recipients (1 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2023)

White Female
781 degrees awarded
White Male
441 degrees awarded
Hispanic or Latino Female
53 degrees awarded

The most common race/ethnicity and sex grouping at Drake University is white female (781 degrees awarded). There were 1.77 times more white female recipients than the next closest race/ethnicity group, white male (441 degrees).

Operations

Drake University has an endowment valued at nearly $267M, as of the end of the 2023 fiscal year. The return on its endowment was of 27.6M (10.4%) compared to the 5.72% average return (2.84M on 49.7M) across all Masters Colleges and Universities.

In 2023, Drake University had a total salary expenditure of 163M. Drake University employs 120 Professors, 99 Associate professors and 57 Assistant professors. Most academics at Drake University are Male Professor (66), Female Professor (54), and Male Associate professor (51).

The most common positions for non-instructional staff at Drake University are: Office and Administrative Support, with 204 employees, Service, with 90 employees, and Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 90 employees.

Endowment

$267M

2023 Endowment

8.75%

growth from 2022

Drake University has an endowment valued at about $267M, as of the end of the 2023 fiscal year. The endowment of Drake University grew 8.75% from the previous year. The value of their endowment was $217M higher than than the median endowment of Masters Colleges and Universities according to the Carnegie Classification grouping.

This line chart shows how the endowment at Drake University (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Masters Colleges & Universities: Larger Programs Carnegie Classification grouping.

Salary Expenditure

$71.9M

2023 Salaries

5.41%

growth from 2022

In 2023, Drake University paid a median of $71.9M in salaries, which represents 44.2% of their overall expenditure ($163M) and a 5.41% growth from the previous year. This is compared to a 2.54% growth between 2021 and 2022, and a 3.42% decline between 2020 and 2021.

Instructional Salaries

$29M

Instructional Salaries

302

Number of Employees

In 2023, Drake University paid a total of $29M to 302 employees working as instructors, which represents 40.4% of all salaries paid.

This is compared to a median of $1.12M (2.97%) for similar Masters Colleges and Universities.

Occupations by Share

Professor

Most Common Instructor

120 Employees

Office and Administrative Support

Most Common Non-Instructional Employee

204 Employees

In 2023, the most common positions for instructional staff at Drake University were Professor with 120 employees, Associate professor with 99 employees, and Assistant professor with 57 employees.

In 2023, the most common positions for non-instructional staff at Drake University were Office and Administrative Support with 204 employees, Service with 90 employees, and Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 90 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2023)

Male Professor
Female Professor
Male Associate professor

In 2023, the most common demographic for instructional staff at Drake University was Male Professor with 66 employees, Female Professor with 54 employees, and Male Associate professor with 51 employees.

This chart shows the sex split between each academic rank present at Drake University.

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