Drake University

www.drake.edu/

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2021 Undergraduate Tuition

$45,734

3.5% growth from 2020

2021 Average Net Price

$29,507

After Financial Aid

2019 Student Loan

0.803%

Default Rate

2021 Acceptance Rate

69.1%

15,864 Applicants

2021 Enrolled Students

9,750

75.8% Full-Time

2021 Graduation Rate

76.6%

1,098 Graduates

About

Drake University is a higher education institution located in Polk County, IA. In 2021, the most popular Professional Doctorate concentrations at Drake University were Law (100 degrees awarded), Pharmacy (94 degrees), and Occupational Therapy (44 degrees).

In 2021, 1,503 degrees were awarded across all undergraduate and graduate programs at Drake University. 62.3% of these degrees were awarded to women, and 37.7% awarded men. The most common race/ethnicity group of degree recipients was white (1,214 degrees), 13.6 times more than then the next closest race/ethnicity group, hispanic or latino (89 degrees).

The median undergraduate tuition at Drake University is $45,734, which is $22,550 more than the national average for Masters Colleges and Universities ($23,184).

Masters Colleges & Universities: Larger Programs Masters Colleges and Universities

Costs

In 2021, the median undergraduate tuition at Drake University is $45,734, which is $22,550 more than the national average for Masters Colleges and Universities ($23,184).

After taking grants and loans into account, the average net price for students is $29,507.

In 2021, 97% of undergraduate students attending Drake University received financial aid through grants. Comparatively, 45% of undergraduate students received financial aid through loans.

Tuition Costs

$45,734

2021 Undergraduate Tuition

In 2021, the cost of tuition at Drake University was $45,734. The cost of tuition at Drake University is $22,550 more than than the overall (public and private) national average for Masters Colleges and Universities ($23,184).

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

Average Net Price

$29,507

2021 Value

2.68%

1 Year Growth

In 2021 Drake University had an average net price — the price paid after factoring in grants and loans — of $29,507. Between 2020 and 2021, the average net price of Drake University grew by 2.68%.

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

$9,761

Room and Board

$1,100

Books and Supplies

The average yearly cost of room and board at Drake University was of $9,761 in 2021. The cost of room and board decreased by 10% between 2020 and 2021.

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

45%

Undergraduates Receiving Financial Aid through Loans

97% of undergraduate students at Drake University received financial aid through grants or loans in 2021. This represents a growth of 0% with respect to 2020, 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.

0.803%

2019 Default Rate

Number of Defaults

In 2019 the default rate for borrower's at Drake University was 0.803%, which represents 8 out of the 996 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 15,864 undergraduate applications in 2021, which represents a 19.7% annual growth. Out of those 15,864 applicants, 10,958 students were accepted for enrollment, representing a 69.1% acceptance rate.

There were 9,750 students enrolled at Drake University in 2021. 14% of first-time enrollees submitted SAT scores with their applications.

Drake University has an overall enrollment yield of 13.9%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

69.1%

Acceptance Rate in 2021

10,958

Accepted Out of 15,864

In 2021, the undergraduate acceptance rate of Drake University was 69.1% (10,958 admissions from 15,864 applications). This is higher than the acceptance rate of 2020, which was 67.9%. Between 2020 and 2021, the number of applicants grew by 19.7%, while admissions grew by 21.8%..

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

14%

Submission Percentage (2021)

216

Scores Submitted (2021)

14% of enrolled first-time students at Drake University in 2021 submitted SAT scores with their applications.

This chart shows the SAT scores for the 25th and 75th percentile of applicants broken out into each section of the test that their are evaluated on.

Enrollment

Drake University had a total enrollment of 9,750 students in 2021. The full-time enrollment at Drake University is 7,394 students and the part-time enrollment is 2,356. This means that 75.8% of students enrolled at Drake University are enrolled full-time.

The enrolled student population at Drake University, both undergraduate and graduate, is 77.8% White, 6.07% Hispanic or Latino, 5.01% Black or African American, 4.04% Asian, 3.51% Two or More Races, and 0.0821% American Indian or Alaska Native.

Students enrolled at Drake University in full-time Undergraduate programs are most commonly White Female (44.4%), followed by White Male (28.6%) and Hispanic or Latino Female (4.72%). Students enrolled in full-time Graduate programs are most commonly White Female (54.4%), followed by White Male (28.7%) and Hispanic or Latino Female (3.04%).

Full-Time vs Part-Time Enrollment

75.8%

Full-Time Enrollment

The total enrollment at Drake University in 2021, both undergraduate and graduate, is 9,750 students. The full-time enrollment at Drake University is 7,394 and the part-time enrollment is 2,356. This means that 75.8% of students enrolled at Drake University are enrolled full-time compared with 68.3% 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%

2021 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 (73%), 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 (2021)

White
7,588 enrolled students
Hispanic or Latino
592 enrolled students
Black or African American
488 enrolled students

The enrolled student population at Drake University is 77.8% White, 6.07% Hispanic or Latino, 5.01% Black or African American, 4.04% Asian, 3.51% Two or More Races, and 0.0821% American Indian or Alaska Native. 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 52% White, 16.9% Hispanic or Latino, and 12.8% 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, 52 students (0.533%) did not report their race.

Graduates

In 2021, 371 more women than men received degrees from Drake University. The most common race/ethnicity group of degree recipients at Drake University is white (1,214 degrees awarded). There were 13.6 times more white recipients than the next closest race/ethnicity group, hispanic or latino (89 degrees).

The most common Professional Doctorate concentration at Drake University is Law (100 degrees awarded), followed by Pharmacy (94 degrees) and Occupational Therapy (44 degrees).

In 2021, 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 (170 degrees awarded), Communications (136 degrees), and Natural Resources & Conservation (27 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 (1,694,901 people), Secondary school teachers (452,056 people), Education administrators (289,403 people), Other managers (238,891 people), and Special education teachers (177,975 people).

The most specialized majors at Drake University in 2021 are Legal (170 degrees awarded), Communications (136 degrees), Natural Resources & Conservation (27 degrees), Education (267 degrees), and History (19 degrees) (as of 2021).

Highest Paying Jobs by Major

Surgeons

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 Surgeons, Nuclear medicine technologists and medical dosimetrists, Diagnostic medical sonographers, Magnetic resonance imaging technologists, and Physicians

The most specialized majors at Drake University are Legal (170 degrees awarded), Communications (136 degrees), Natural Resources & Conservation (27 degrees), Education (267 degrees), and History (19 degrees) (as of 2021).

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 (2,876,712 people), Colleges, universities & professional schools, including junior colleges (380,795 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (175,884 people), Computer Systems Design (156,717 people), and Legal services (156,426 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 (2021)

General Computer & Information Sciences
48 degree-majors awarded
Public Relations & Image Management
46 degree-majors awarded
Actuarial Science
44 degree-majors awarded

In 2021, the most common bachelors degree concentration at Drake University was General Computer & Information Sciences with 48 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

566

Degrees Awarded to Men

in 2021

937

Degrees Awarded to Women

in 2021

In 2021, 566 degrees were awarded to men at Drake University, which is 0.604 times less than the number of degrees awarded to females (937).

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

Most Common Male Majors

In 2021, 54 degrees were awarded to men at Drake University in Law, which is 1.17 times more than the 46 female recipients with that same degree.

Most Common Female Majors

In 2021, 70 degrees were awarded to men at Drake University in General Educational Leadership & Administration, which is 2.33 times more than the 30 male recipients with that same degree.

Time to Complete

73%

100% Completion Time

80%

150% Completion Time

In 2021, 73% of students graduating from Drake University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 80% completed their degrees within 150% of the normal time, and 81% 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 Female

Highest Graduation Rate (85.7%)

The student demographic with the highest graduation rate in 2021 at Drake University is Female and Asian (85.7% graduation rate). Across all Masters Colleges and Universities, Asian Female students have the highest graduation rate (72.9%).

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, 1.09% of graduates (12 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2021)

White
1,214 degrees awarded
Hispanic or Latino
89 degrees awarded
Asian
56 degrees awarded

The most common race/ethnicity at Drake University is white (1,214 degrees awarded). There were 13.6 times more white recipients than the next closest race/ethnicity group, hispanic or latino (89 degrees).

0.399% of degree recipients (6 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2021)

White Female
762 degrees awarded
White Male
452 degrees awarded
Hispanic or Latino Female
56 degrees awarded

The most common race/ethnicity and sex grouping at Drake University is white female (762 degrees awarded). There were 1.69 times more white female recipients than the next closest race/ethnicity group, white male (452 degrees).

Operations

Drake University has an endowment valued at nearly $280M, as of the end of the 2021 fiscal year. The return on its endowment was of 137M (48.9%) compared to the 13.1% average return (6.61M on 50.4M) across all Masters Colleges and Universities.

In 2021, Drake University had a total salary expenditure of 141M. Drake University employs 226 Professors, 214 Associate professors and 142 Assistant professors. Most academics at Drake University are Male Professor (120), Male Associate professor (116), and Female Professor (106).

The most common positions for non-instructional staff at Drake University are: Office and Administrative Support, with 398 employees, Service, with 176 employees, and Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 170 employees.

Endowment

$280M

2021 Endowment

27.3%

growth from 2020

Drake University has an endowment valued at about $280M, as of the end of the 2021 fiscal year. The endowment of Drake University grew 27.3% from the previous year. The value of their endowment was $229M 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

$66.5M

2021 Salaries

3.42%

decline from 2020

In 2021, Drake University paid a median of $66.5M in salaries, which represents 47% of their overall expenditure ($141M) and a 3.42% decline from the previous year.

The median for similar Masters Colleges and Universities is 35.1M (41.3% of overall expenditures).

Instructional Salaries

$57.4M

Instructional Salaries

620

Number of Employees

In 2021, Drake University paid a total of $57.4M to 620 employees working as instructors, which represents 43.1% of all salaries paid.

This is compared to a median of $21.9M (62.5%) for similar Masters Colleges and Universities.

Occupations by Share

Professor

Most Common Instructor

226 Employees

Office and Administrative Support

Most Common Non-Instructional Employee

398 Employees

In 2021, the most common positions for instructional staff at Drake University were Professor with 226 employees, Associate professor with 214 employees, and Assistant professor with 142 employees.

In 2021, the most common positions for non-instructional staff at Drake University were Office and Administrative Support with 398 employees, Service with 176 employees, and Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 170 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2021)

Male Professor
Male Associate professor
Female Professor

In 2021, the most common demographic for instructional staff at Drake University was Male Professor with 120 employees, Male Associate professor with 116 employees, and Female Professor with 106 employees.

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