Presidential Scholarships

Presidential Scholarships range from $27,000 to $35,000 per year. 100% of full time, undergraduate students admitted directly from high school will receive a Presidential Scholarship.* 

Presidential Scholarships are renewable for undergraduate students enrolling in at least 12 credit hours per semester and making satisfactory academic progress.

Presidential Scholarships are renewable up to four years total OR until a Bachelor’s degree is earned.  It is possible that a Presidential Scholarship will be funded through a gift from one of Drake's generous benefactors. (Recipients are notified if they  are honored in this way.)

For students entering one of Drake’s joint undergraduate/graduate degree paths, refer to the table below to see how undergraduate awards (including Fine Arts Scholarships) are impacted.

*Available to students who are assessed Drake’s traditional full-time undergraduate tuition rate. Not available to students enrolled in Bright College, the Accelerated Bachelor of Science in Nursing degree, or online programs. In some cases, other awards will be offered in place of the Presidential Scholarship. Amounts provided are based on students who entered Drake during or after the fall 2024 semester.

Undergraduate scholarships are available only to students enrolled at the undergraduate level, for up to 4 years total or until a Bachelor's degree is earned (whichever comes first). Students entering one of Drake's joint undergraduate/graduate degree paths should refer to Program-Specific Policies to understand which years are designated as undergraduate-level for billing and financial aid purposes. Scholarships will renew automatically if all renewal requirements are satisfied.