Tuition Guarantee FAQs

This straightforward model of tuition pricing gives you peace of mind in knowing that the cost of your tuition will not change in your four years at Drake. Additionally, locking in tuition means that your scholarship from Drake will not lose value—as a percentage of tuition—during your college career.

Yes, fixed tuition for four years will save entering full-time, undergraduate students money on the total cost of a Drake education compared to our previous model—and many of our competitors’ current models—of raising tuition annually.

Please visit this webpage for a comprehensive listing of Drake University tuition and fees based on the year you will be entering Drake.

It does not. Because of the variations inherent in room and board (type of room, varying meal plans, students living off campus after their sophomore year), we cannot guarantee a set cost for room and board. We will announce room and board costs in early in spring, according to our usual practice.

The Tuition Guarantee can be extended to include a fifth year, with potential for an extension into a sixth year (two years after the traditional four). The Tuition Guarantee is an undergraduate program only—it does not apply once a student moves into a graduate program.

We will continue to offer a robust financial aid program to our undergraduate students; we provided $55 million in financial aid to 98 percent of our students in the 2024-2025 academic year.

No—we will announce tuition for part-time students in early spring, according to our usual practice.

Those full-time, undergraduate students entering as pre-pharmacy majors will have the Tuition Guarantee for their first two years at Drake. Upon their first professional year (P1), they will pay the pharmacy program tuition.

Yes—the Tuition Guarantee applies to all full-time, undergraduate students entering in the 2021–2022 academic year.

The Tuition Guarantee will apply until a student moves into the graduate/professional program, then the student will pay the graduate/professional tuition price.

No, the guaranteed tuition rate applies to all full-time, undergraduate students entering in the 2026–2027 academic year.