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Costs & Financial Aid

With tuition and debt levels well below the national average for private institutions, Drake Law School has been named a Best Value Private Law School by PreLaw Magazine.

Drake Law School provides a legal education that is not only exceptional, but affordable. Our students graduate with 14 percent less debt than the national average for private law school graduates.

We also award more than $4 million in scholarships annually. More than 60 percent of Drake Law students receive scholarships, and more than 90 percent receive government-funded loans.

2018-19 Costs

JD Program

 Annual Tuition and Fees:

Tuition:     $41,400*    
Fees: $112
Total: $41,512

*$1,427 per credit hour for less than full-time (less than 10 credits).

(Tuition cost per semester: $20,700)

Estimated JD student budget:

Tuition: $41,400
Fees: $112
Living Expenses (estimate): $18,710
Books (estimate): $2,000
Loan Fee (estimate): $1,430
Total: $63,652 

 

MJ Program

Cost per credit hour for the MJ in Individualized Legal Studies and MJ in Intellectual Property program is $850.

Cost per credit hour for the online MJ in Compliance and Risk Management will be made available soon.

Loans are available for students who enroll in 5 credits or more per semester.

LLM Program

Annual Tuition and Fees:

Tuition:     $41,400*    
Fees: $112
Total: $41,512

*1,427 per credit hour for less than full-time (less than 10 credits).

(Tuition cost per semester: $20,700)

Loans are available for students who enroll in 5 credits or more per semester.


Financial Aid

The financial assistance program at Drake is intended to provide you with the resources to finance your legal education completely.

Students wishing to borrow loans must file a Free Application for Federal Student Aid (FAFSA) online at https://fafsa.ed.gov/ and request the analysis be sent to Drake University (School Code: 001860). The FAFSA can be filed as early as Oct. 1 but financial aid packages will not be available until early February. Loan eligibility will be determined after the FAFSA analysis is received at Drake.

Financial Aid Details for MJ Students
Loans are available for students wishing to pursue an MJ degree. Students must enroll in a minimum of 5 credits each semester in order to borrow loans.

Students are required to submit a Free Application for Federal Student Aid  (FAFSA) if they are interested in borrowing loans. That form is available as of Oct. 1 of the year prior to enrollment. Drake University’s code for the FAFSA is 001860. (www.fafsa.ed.gov)

Once the FAFSA has been processed, the Drake Office of Student Financial Planning will mail a financial aid packet. Loan documents should be submitted approximately one month prior to enrollment, if not earlier. Instructions are included in the packet.

There are currently no scholarships available for students in the MJ program. However, if a student earns at least six credits in law school courses towards an MJ and the student is later accepted into the JD program, the law school will provide a one-time scholarship for the JD program for the amount the student paid for up to six law school MJ credits. This scholarship would be granted in addition to any other scholarship but the combined scholarships may not exceed the cost of tuition.

If your employer offers tuition reimbursement, additional details on that program can be found online:  http://www.drake.edu/accounts/paymentoptions/. Please note: Access to the student portal MyDrake will be granted prior to the start of the academic year. At that time, forms will be available.

Professional Certificate Students
Due to federal regulations, financial aid is not available for students in non-degree programs such as the Professional Certificate.

If your employer offers tuition reimbursement, additional details on that program can be found online:  http://www.drake.edu/accounts/paymentoptions/. Please note: Access to the student portal MyDrake will be granted prior to the start of the academic year. At that time, forms will be available.

Refund Policy

In the event that a student withdrawals or is dropped from enrollment due to non-payment, the student will receive a refund of tuition based on the University's refund schedule.

Learn more about Drake University's Drop, Withdrawal, and Refund Policy.

Additional Resources

Drake Law School Loan Information
Drake Law School Scholarships
FAFSA Website
Federal PIN Registration
Financial Aid Calculators
Income Based Repayment
Income-Driven Repayment Plans for Federal Student Loans
Mapping Your Future
Student Financial Aid
Student Guide to Federal Aid


Questions? Contact the Office of Admission and Financial Aid at 515-271-2782 or law-admit@drake.edu.

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