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Tuition Exchange

Drake University is a participating member of two tuition exchange organizations. More details for each of the programs are provided below.

Tuition Exchange Program

Students entering Drake in fall 2021 and after and who are approved for Tuition Exchange will receive an award equal to the Tuition Exchange Program's Set Rate. Tuition Exchange awards replace all other tuition-specific awards offered from the University. The Tuition Exchange award does not cover room & board, fees (including tuition overload fees) or other charges, and cannot be used for travel courses or study abroad.

Applications submitted at www.tuitionexchange.org must be approved by the “export” institution before they are routed to Drake University. Drake’s deadline to receive “import” applications is December 1st. Applicants should ensure they meet the export institution’s application deadline and/or allow sufficient time for that institution to approve the application ahead of Drake’s December 1st  deadline.

The number of Tuition Exchange awards offered each year is limited. Complete and timely applications are considered in the following order until available awards are exhausted:

  1. Renewal awards for current Drake students
  2. New awards for current Drake students
  3. Renewal awards for former Drake students with remaining eligibility
  4. New awards for prospective Drake students. Applications will be evaluated on several criteria, including merit, financial need, the student's academic program, and identity. 

 

CIC Tuition Exchange Program

Drake will offer three full-tuition awards annually through the Council for Independent Colleges & Universities Tuition Exchange Program (CIC-TEP), starting with the 2021-2022 academic year. Tuition Exchange awards replace all other tuition-specific awards offered from the University. The Tuition Exchange award does not cover room & board, fees (including tuition overload fees) or other charges, and cannot be used for travel courses or study abroad.

To apply, complete the CIC Tuition Exchange Application and submit it to the exporting institution's CIC-TEP liaison. If you are eligible for this program, the exporting CIC-TEP liaison will submit your application to Drake University. For priority consideration, Drake must receive your application by December 1. Applications will be evaluated on several criteria, including merit, financial need, the student's academic program, and identity. 

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