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Finances

Study Abroad program costs vary greatly depending on the type and length of the program.  

Short-term programs, like J-term and Summer, tend to be the most affordable. Drake J-term and Summer programs typically don’t bill students for tuition. Students are billed for the cost of travel, but since tuition is included as part of the semester tuition, these programs are some of the most affordable in our portfolio. Additionally, experiential programs like interning or service-learning abroad also tend to be affordable programs, because they bill for housing and other on-site programming, but that do not need to bill for tuition. Exchange and Affiliate programs do typically bill the cost of tuition during short-term programs.

For semester programs, students are billed Drake tuition, so the cost of tuition is the same whether the student is in Des Moines or abroad. The variation in billing occurs based on on-site expenses. For example, students pay the cost of housing and on-site programming fees of the university abroad, so depending on the city and country abroad, the housing can be more or less expensive than Des Moines. 

Cost Structure

Learn more about the study abroad Program Guide Cost Structure.

Scholarships

Our office awards more than $100,000 a year in scholarships to Drake students for international experiences. Additionally, we encourage students can apply to study abroad scholarships from outside sources. Read more about scholarships options, and apply early!

Additional Information

Financial Aid

Financial aid is available for study abroad, and the Student Financial Planning office reviews each student's package individually. Drake University allows students to take 100% of their loans, grants, and scholarships on approved Exchange and Affiliate Programs.

Billing

Students who apply to short-term Drake and Exchange programs are sent individualized billing schedules depending on their specific program. Drake Program bills are paid through the usual method, through Drake’s Student Account Services office.  

Students who apply to short-term Affiliate programs are billed by the Affiliate Partner. Students will pay the affiliate partner directly.

Students who participate on semester programs abroad are billed according to Drake’s typical billing cycle. Semester program bills are paid through the usual method, through Drake’s Student Account Services office. For Affiliate semester programs, the university abroad will let us know the cost of the housing and on-site programming fees. We will add this to the student’s Drake invoice. Students will pay their application fee and program deposit directly to the Affiliate Partner (not to Drake). The student’s program deposit is applied toward the cost of the program and will be deducted from the student’s housing and on-site programming fees.

Study Abroad Fee

Students who participate in an Affiliate program (such as AIFS, API, ASE, CIEE, IES, IFSA, ISA, SACI, SFS, SIT, SHC, and TEAN) will be required to pay an education abroad fee when they "Commit" to the program in the application portal (this occurs after applying, and after being "Accepted" to the education abroad program).

For short-term Affiliate programs, such as J-term and Summer, students will be billed a $300 education abroad fee when they commit. For academic year, quarter, and semester Affiliate programs, students will be billed a $500 education abroad fee when they commit. Drake University programs and Exchange programs are not impacted by the education abroad fee.

Financial Policies

Tuition Exchange or Tuition Rebate 

These programs cannot be applied toward study abroad. Please meet with the Office of Financial Planning if you have questions.  

Study Abroad Travel Warning Policy 

In most cases, Drake University financial aid cannot be used to support study in a country where the State Department has issued a travel warning. Exceptions may be granted by the Provost after consultation with the Risk Assessment Committee.