Drake University

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2022 Undergraduate Tuition
$47,564
4% growth from 2021
2022 Average Net Price
$30,333
After Financial Aid
2019 Default Rate
0.803%
on Student Loans
2022 Acceptance Rate
67.2%
8,621 Applicants
2022 Enrolled Students
4,685
76.5% Full-Time
2022 Graduation Rate
75.4%
520 Graduates

About

Drake University is a higher education institution located in Polk County, IA. In 2022, the most popular Professional Doctorate concentrations at Drake University were Law (108 degrees awarded), Pharmacy (81 degrees), and Occupational Therapy (39 degrees).

In 2022, 1,525 degrees were awarded across all undergraduate and graduate programs at Drake University. 63.6% of these degrees were awarded to women, and 36.4% awarded men. The most common race/ethnicity group of degree recipients was white (1,242 degrees), 14.6 times more than then the next closest race/ethnicity group, hispanic or latino (85 degrees).

The median undergraduate tuition at Drake University is $47,564, which is $23,568 more than the national average for Masters Colleges and Universities ($23,996).

Costs

In 2022, the median undergraduate tuition at Drake University is $47,564, which is $23,568 more than the national average for Masters Colleges and Universities ($23,996).

After taking grants and loans into account, the average net price for students is $30,333.

In 2022, 97% of undergraduate students attending Drake University received financial aid through grants. Comparatively, 47% of undergraduate students received financial aid through loans.

Tuition Costs

$47,564
2022 Undergraduate Tuition

In 2022, the cost of tuition at Drake University was $47,564. The cost of tuition at Drake University is $23,568 more than than the overall (public and private) national average for Masters Colleges and Universities ($23,996).

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

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Average Net Price

$30,333
2022 Value
2.8%
1 Year Growth

In 2022 Drake University had an average net price — the price paid after factoring in grants and loans — of $30,333. Between 2021 and 2022, the average net price of Drake University grew by 2.8%.

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.

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Other Student Expenses

$9,829
Room and Board
$1,100
Books and Supplies

The average yearly cost of room and board at Drake University was of $9,829 in 2022. The cost of room and board increased by 0.697% between 2021 and 2022.

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.

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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 2022. This represents a growth of 0% with respect to 2021, 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.

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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
8
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.

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Admissions

Drake University received 8,621 undergraduate applications in 2022, which represents a 8.69% annual growth. Out of those 8,621 applicants, 5,796 students were accepted for enrollment, representing a 67.2% acceptance rate.

There were 4,685 students enrolled at Drake University in 2022. 17% of first-time enrollees submitted SAT scores with their applications.

Drake University has an overall enrollment yield of 12.6%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

67.2%
Acceptance Rate in 2022
5,796
Accepted Out of 8,621

In 2022, the undergraduate acceptance rate of Drake University was 67.2% (5,796 admissions from 8,621 applications). This is lower than the acceptance rate of 2021, which was 69.1%. Between 2021 and 2022, the number of applicants grew by 8.69%, while admissions grew by 5.79%..

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.

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SAT Scores

17%
Submission Percentage (2022)
120
Scores Submitted (2022)

17% of enrolled first-time students at Drake University in 2022 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.

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Enrollment

Drake University had a total enrollment of 4,685 students in 2022. The full-time enrollment at Drake University is 3,584 students and the part-time enrollment is 1,101. This means that 76.5% of students enrolled at Drake University are enrolled full-time.

The enrolled student population at Drake University, both undergraduate and graduate, is 76.4% White, 6.13% Hispanic or Latino, 5.44% Black or African American, 4.53% Asian, 4.06% Two or More Races, 0.107% American Indian or Alaska Native, and 0.0427% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Drake University in full-time Undergraduate programs are most commonly White Female (43.1%), followed by White Male (28.7%) and Hispanic or Latino Female (4.63%). Students enrolled in full-time Graduate programs are most commonly White Female (54.9%), followed by White Male (26.5%) and Asian Female (3.57%).

Full-Time vs Part-Time Enrollment

76.5%
Full-Time Enrollment

The total enrollment at Drake University in 2022, both undergraduate and graduate, is 4,685 students. The full-time enrollment at Drake University is 3,584 and the part-time enrollment is 1,101. This means that 76.5% of students enrolled at Drake University are enrolled full-time compared with 67.6% 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.

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Retention Rate over Time

83%
2022 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 83%. 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.

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2022)
  1. White
    3,577 enrolled students
  2. Hispanic or Latino
    287 enrolled students
  3. Black or African American
    255 enrolled students

The enrolled student population at Drake University is 76.4% White, 6.13% Hispanic or Latino, 5.44% Black or African American, 4.53% Asian, 4.06% Two or More Races, 0.107% American Indian or Alaska Native, and 0.0427% 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 51.2% White, 17.3% Hispanic or Latino, and 13% 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, 21 students (0.448%) did not report their race.

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Graduates

In 2022, 415 more women than men received degrees from Drake University. The most common race/ethnicity group of degree recipients at Drake University is white (1,242 degrees awarded). There were 14.6 times more white recipients than the next closest race/ethnicity group, hispanic or latino (85 degrees).

The most common Professional Doctorate concentration at Drake University is Law (108 degrees awarded), followed by Pharmacy (81 degrees) and Occupational Therapy (39 degrees).

In 2022,  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 (183 degrees awarded), Education (276 degrees), and Interdisciplinary Studies (62 degrees).

Common Jobs by Major

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 (1,689,042 people), Secondary school teachers (544,042 people), Education administrators (301,925 people), Lawyers, & judges, magistrates, & other judicial workers (208,757 people), and Other managers (203,805 people).

The most specialized majors at Drake University in 2022 are Legal (183 degrees awarded), Education (276 degrees), Interdisciplinary Studies (62 degrees), History (16 degrees), and English (25 degrees) (as of 2022).

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Highest Paying Jobs by Major

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, Magnetic resonance imaging technologists, Physicians, and Securities, commodities, & financial services sales agents

The most specialized majors at Drake University are Legal (183 degrees awarded), Education (276 degrees), Interdisciplinary Studies (62 degrees), History (16 degrees), and English (25 degrees) (as of 2022).

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Common Industries by Major

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 (3,023,117 people), Colleges, universities & professional schools, including junior colleges (421,463 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (231,423 people), Legal services (186,760 people), and Computer Systems Design (153,134 people).

The most specialized majors at Drake University are Legal (183 degrees awarded), Education (276 degrees), Interdisciplinary Studies (62 degrees), History (16 degrees), and English (25 degrees) (as of 2022).

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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 (2022)
  1. 60 degrees awarded
  2. 48 degrees awarded
  3. 46 degrees awarded

In 2022, the most common bachelors degree concentration at Drake University was General Marketing & Marketing Management with 60 degrees awarded.

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

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Sex Breakdown for Common Majors

555
Degrees Awarded to Men
in 2022
970
Degrees Awarded to Women
in 2022

In 2022, 555 degrees were awarded to men at Drake University, which is 0.572 times less than the number of degrees awarded to females (970).

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

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Most Common Male Majors

In 2022, 52 degrees were awarded to men at Drake University in Law, which is 0.929 times less than the 56 female recipients with that same degree.

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Most Common Female Majors

In 2022, 72 degrees were awarded to men at Drake University in General Educational Leadership & Administration, which is 2.18 times more than the 33 male recipients with that same degree.

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Time to Complete

69%
100% Completion Time
77%
150% Completion Time

In 2022, 69% 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.

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Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.
Asian Male
Highest Graduation Rate (83.3%)

The student demographic with the highest graduation rate in 2022 at Drake University is Male and Asian (83.3% graduation rate). Across all Masters Colleges and Universities, Asian Female students have the highest graduation rate (73.2%).

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, 1.15% of graduates (6 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2022)
  1. White
    1,242 degrees awarded
  2. Hispanic or Latino
    85 degrees awarded
  3. Black or African American
    67 degrees awarded

The most common race/ethnicity at Drake University is white (1,242 degrees awarded). There were 14.6 times more white recipients than the next closest race/ethnicity group, hispanic or latino (85 degrees).

0.262% of degree recipients (4 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic (2022)
  1. White Female
    806 degrees awarded
  2. White Male
    436 degrees awarded
  3. Hispanic or Latino Female
    58 degrees awarded

The most common race/ethnicity and sex grouping at Drake University is white female (806 degrees awarded). There were 1.85 times more white female recipients than the next closest race/ethnicity group, white male (436 degrees).

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Operations

Drake University has an endowment valued at nearly $245M, as of the end of the 2022 fiscal year. The return on its endowment was of −NaNM (−11.8%) compared to the 0.773% average return (360k on 46.6M) across all Masters Colleges and Universities.

In 2022, Drake University had a total salary expenditure of 156M. Drake University employs 114 Professors, 105 Associate professors and 59 Assistant professors. Most academics at Drake University are Male Professor (63), Male Associate professor (53), and Female Associate professor (52).

The most common positions for non-instructional staff at Drake University are: Office and Administrative Support, with 203 employees, Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 91 employees, and Service with 83 employees.

Endowment

$245M
2022 Endowment
12.3%
decline from 2021

Drake University has an endowment valued at about $245M, as of the end of the 2022 fiscal year. The endowment of Drake University declined 12.3% from the previous year. The value of their endowment was $199M 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.

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Salary Expenditure

$68.2M
2022 Salaries
2.54%
growth from 2021

In 2022, Drake University paid a median of $68.2M in salaries, which represents 43.7% of their overall expenditure ($156M) and a 2.54% growth from the previous year.

The median for similar Masters Colleges and Universities is 36.1M (39.6% of overall expenditures).

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Instructional Salaries

$28.4M
Instructional Salaries
300
Number of Employees

In 2022, Drake University paid a total of $28.4M to 300 employees working as instructors, which represents 41.6% of all salaries paid.

This is compared to a median of $11.3M (31.2%) for similar Masters Colleges and Universities.

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Occupations by Share

Professor
Most Common Instructor
114 Employees
Office and Administrative Support
Most Common Non-Instructional Employee
203 Employees

In 2022, the most common positions for instructional staff at Drake University were Professor with 114 employees, Associate professor with 105 employees, and Assistant professor with 59 employees.

In 2022, the most common positions for non-instructional staff at Drake University were Office and Administrative Support with 203 employees, Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 91 employees, and Service with 83 employees.

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Instructors by Academic Rank and Sex

Most Common Demographic (2022)
  1. Male Professor
  2. Male Associate professor
  3. Female Associate professor

In 2022, the most common demographic for instructional staff at Drake University was Male Professor with 63 employees, Male Associate professor with 53 employees, and Female Associate professor with 52 employees.

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

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