At Drake, we offer financial aid that is designed to reward your academic achievement or talent in fine arts or athletics, and also to help meet your family’s level of financial need. You may find that you qualify for both merit-based and financial need-based awards. We make every effort to provide the most complete financial aid package to you in your first award notice.
Approximately 98 percent of first-year students receive financial assistance from Drake University. Domestic students entering Drake directly from high school in fall 2012 averaged more than $18,680 in combined grants, scholarships, need-based loans and need-based work study.
In order to be considered for Drake's academic scholarships, which are not based upon financial need, you must take the SAT or the ACT and submit your scores to Drake.
The average scholarship award to international first-year students in fall 2012 was $14,425 per year. Financial assistance is renewable if recipients continue to meet qualifying criteria. However, additional funding is not normally available after the first year of enrollment.
The average scholarship award to entering international transfer students in fall 2012 was $9,060. Financial assistance is renewable if recipients continue to meet qualifying criteria. However, additional funding is not normally available after the first year of enrollment
Our financial aid counselors are experts at explaining your financing options and helping you and your family budget resources. If you have any questions, contact the Office of Student Financial Planning toll-free, 1-800-44-DRAKE, x2905. If calling from outside the United States, dial 1-515-271-2905.