Drake University: Is It Worth It?
Des Moines, Iowa · Private Nonprofit · Website
ROI Score
5.2
Net Price/Year
$29,127
avg with financial aid
10yr Earnings
$71,901
median, all graduates
Median Debt
$23,000
at graduation
Is Drake University Worth It?
Graduates earn a median of $71,901 per year ten years after enrollment. With an average net price of $29,127 per year, the total estimated cost for a four-year degree is approximately $116,508.
Based on median earnings, the degree typically pays for itself in approximately 1.6 years.
The median graduate leaves with $23,000 in debt, which represents about 32%of one year's earnings at the 10-year mark.
Note: These figures reflect all graduates regardless of major. Individual outcomes vary significantly by field of study, career choices, and personal circumstances.
Earnings vs. Debt
Net Price by Family Income
Admissions Snapshot
Acceptance Rate
63.8%
Avg SAT
1292
ACT Midpoint
28
Enrollment
2,543
Completion & Retention
6-Year Graduation Rate
75.7%
National avg: ~60%
Retention Rate
84.1%
First-year students returning
3yr Repayment Rate
132800.0%
Grads making progress on loans
Cost Breakdown
In-State Tuition
$52,130
Out-of-State Tuition
$52,130
Avg Net Price
$29,127
After grants/scholarships
Similar Schools
Frequently Asked Questions
Is Drake University worth the money?
Based on federal data, Drake University graduates earn a median of $71,901 ten years after enrollment, with a median debt of $23,000 at graduation. The ROI score is 5.2.
What do Drake University graduates earn?
The median earnings for Drake University graduates is $58,233 six years after enrollment and $71,901 ten years after enrollment, according to the College Scorecard.
What is the acceptance rate at Drake University?
The acceptance rate at Drake University is 63.8%.
How much debt do Drake University graduates have?
The median debt at graduation for Drake University students is $23,000.
Data source: U.S. Department of Education College Scorecard. Earnings data reflects median earnings 10 years after enrollment for all graduates. Debt figures reflect median debt at graduation for completers. Individual outcomes may vary.