Drake University

Frequently asked questions

About Drake University

Built from CampusPin profile data. Always verify final admissions, cost, financial aid, and program details with the institution before applying. See our data methodology and data dictionary.

Where is Drake University located?

Drake University is located in Des Moines, IA, in the United States.

What type of institution is Drake University?

Drake University is a private university based in IA. CampusPin classifies institutions as either four-year universities or two-year community colleges, with control labeled public or private.

What is the acceptance rate at Drake University?

The most recently reported acceptance rate at Drake University is approximately 64% (IPEDS, applicants for fall 2024). Acceptance rate signals selectivity but does not predict any individual applicant's outcome and is not a measure of school quality. CampusPin reports the federally-published value; verify the current cycle with the institution.

What is the tuition at Drake University?

Drake University's published in-state tuition is approximately $52,130 per year (IPEDS, charges for academic year 2024-25). This is the published price before financial aid; the net price most students actually pay is typically lower. Verify the current academic-year tuition with the institution before applying.

How many students attend Drake University?

Drake University reports total enrollment of approximately 4,345 students (undergraduate plus graduate) (IPEDS, fall 2024 enrollment). Total enrollment is a useful sizing signal, see the institutional profile for additional breakdowns when available.

How much does Drake University actually cost after financial aid?

The average net price at Drake University is approximately $29,127 per year. Net price is the total cost of attendance minus grants and scholarships that never have to be repaid, so it is what students actually paid rather than the published sticker price. What families pay varies with income: students from families earning under $30,000 paid about $25,824 on average, and those from families earning $110,000 or more about $33,126. These are averages for students who received federal aid in a prior cohort, not a quote for any individual family. Run the institution's own Net Price Calculator for a figure specific to you.

What is the graduation rate at Drake University?

Drake University reports a graduation rate of approximately 74% (IPEDS, Graduation Rates 2024 collection: 4-year cohort 2018, 2-year cohort 2021). This measures the share of a prior entering cohort who completed their degree within the federal tracking window. It reflects who enrolls as much as what the institution does, so it is not on its own a measure of teaching quality, and it is not comparable across institutions serving very different students.

How much student debt do graduates of Drake University have?

Students who borrowed at Drake University left with a median of approximately $23,000 in federal loans, and about 44% of students took federal loans at all. Both numbers matter: a median describes only the students who borrowed, so it reads very differently at a school where most students borrow than at one where few do. Federal loans only, so private and parent borrowing are not included.

How much do graduates of Drake University earn?

Median earnings approximately ten years after entry are $71,901 for students who received federal financial aid at Drake University. This reflects the mix of programs the institution offers and the students who enroll, not the effect of attending, and it covers aid recipients rather than all graduates.

How should I verify final details about Drake University?

CampusPin compiles institutional data from public datasets like IPEDS and the College Scorecard, plus institutional websites and editorial review. Before applying, paying a deposit, or making a final decision, confirm admissions requirements, current tuition, financial aid, deadlines, and program details directly with Drake University.

How much do Law graduates from Drake University earn?

Drake University's professional-degree graduates in Law earned a median $87,375 four years after graduating, 19% below the $107,773 national median for the same program (2017-19 graduates, measured 2022-23, College Scorecard). One year after graduating, a later class (2018-20 graduates, measured 2020-21) earned a median $72,226; the two figures describe different graduates, not one class's growth. Graduates who borrowed took out a median $83,526 in federal loans at this college (about $950 a month on a 10-year plan). For context, lawyers in Iowa are paid a median $123,550 a year across all experience levels (BLS Occupational Employment and Wage Statistics, May 2025), a figure for everyone in the job, not only recent graduates.

How much do Business Administration graduates from Drake University earn?

Drake University's master's graduates in Business Administration earned a median $137,890 four years after graduating, 33% above the $103,485 national median for the same program (2017-19 graduates, measured 2022-23, College Scorecard). One year after graduating, a later class (2018-20 graduates, measured 2020-21) earned a median $91,098; the two figures describe different graduates, not one class's growth.

Which programs at Drake University have the highest graduate earnings?

Among the 18 programs at Drake University with a federal earnings figure from at least 30 graduates, the highest medians four years after graduating were Pharmacy, professional-degree ($140,314); Business Administration, master's ($137,890); and Management Science, bachelor's ($97,132) (2017-19 graduates, measured 2022-23, College Scorecard). That order is one federal measure, not a ranking of program quality: earnings reflect the field and where graduates go to work as well as the program.

Does Drake University get a "lower earnings" warning on the FAFSA?

No. In the Department of Education's March 2026 data, which the FAFSA uses now, Drake University's graduates' median earnings four years after completing were $68,793, above the $34,635 median for high school graduates aged 25 to 34 nationally, so first-year students who list it do not see the lower-earnings notice. The figure describes the whole institution, not any one program.