How Drake's Financial Aid Changes

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Drake University since 2013.

For that period, the average number of students who received grants aid/scholarships is 2,982, which is 95.56 % of all undergraduate students. 1,544 students which is 49.22% of undergraduate students received federal student loans and the average loan amount is $7,088.

Year	Grant or Scholarship^*		Pell Grants		Federal Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	3,169 (94%)	$16,512	571 (17%)	$3,940	1,763 (52%)	$7,206
2014-15	3,166 (94%)	$17,152	536 (16%)	$4,086	1,709 (51%)	$7,935
2015-16	3,158 (95%)	$18,200	541 (16%)	$4,004	1,703 (51%)	$7,992
2016-17	3,089 (95%)	$19,377	511 (16%)	$4,050	1,632 (50%)	$7,589
2017-18	2,959 (96%)	$21,286	541 (17%)	$4,321	1,551 (50%)	$7,483
2018-19	2,868 (95%)	$23,585	564 (19%)	$4,273	1,445 (48%)	$6,442
2019-20	2,859 (97%)	$25,777	557 (19%)	$4,529	1,440 (49%)	$6,337
2020-21	2,766 (97%)	$28,167	528 (19%)	$4,890	1,278 (45%)	$6,434
2021-22	2,808 (97%)	$29,576	558 (19%)	$4,770	1,376 (47%)	$6,377
Average	2,982 (95.56%)	$22,181	545 (17.56%)	$4,318	1,544 (49.22%)	$7,088

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

Overview

For the last 10 years, on average, 786 (99.67 % of students) received grants or scholarships and its average amount is $23,942. It can cover 47.94% of tuition & fees ($49,944).

In addition, 433 (54.67 % of students) students get helped from the students loans (average amount : $8,825).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	844 (99%)	$17,272	480 (56%)	$7,810
2014-15	863 (99%)	$18,494	476 (55%)	$7,827
2015-16	795 (99%)	$19,737	464 (58%)	$7,880
2016-17	762 (100%)	$21,239	429 (56%)	$8,089
2017-18	758 (100%)	$24,115	424 (56%)	$8,516
2018-19	749 (100%)	$25,929	414 (55%)	$9,995
2019-20	779 (100%)	$27,511	416 (53%)	$10,142
2020-21	737 (100%)	$29,904	379 (51%)	$10,212
2021-22	785 (100%)	$31,274	412 (52%)	$8,953
Average	786 (99.67%)	$23,942	433 (54.67%)	$8,825

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students.

Grants/Scholarship

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 149 (19.00 % of students) received Pell (federal) grants and its average amount is $4,265.

In addition, 97 students received State/local government grants/scholarships (12.44 % of students).

Year	Federal (Pell) Grants		Other Federal		State/Local government		Institutional
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	143 (17%)	$3,947	141 (17%)	$1,734	86 (10%)	$4,284	844 (99%)	$15,877
2014-15	146 (17%)	$4,027	148 (17%)	$1,770	81 (9%)	$5,188	863 (99%)	$17,022
2015-16	133 (17%)	$3,841	132 (16%)	$1,255	89 (11%)	$5,237	795 (99%)	$18,299
2016-17	128 (17%)	$3,979	129 (17%)	$1,315	77 (10%)	$5,762	762 (100%)	$19,765
2017-18	140 (18%)	$4,236	140 (18%)	$1,277	89 (12%)	$5,623	758 (100%)	$22,437
2018-19	159 (21%)	$4,239	159 (21%)	$1,166	114 (15%)	$5,773	749 (100%)	$23,903
2019-20	171 (22%)	$4,485	169 (22%)	$1,217	106 (14%)	$5,828	778 (100%)	$25,502
2020-21	145 (20%)	$4,792	149 (20%)	$3,375	122 (17%)	$5,608	737 (100%)	$27,350
2021-22	172 (22%)	$4,841	404 (51%)	$2,237	113 (14%)	$6,640	785 (100%)	$28,106
Average	149 (19.00%)	$4,265	175 (22.11%)	$1,705	97 (12.44%)	$5,549	786 (99.67%)	$22,029

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students..

Student Loans

The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.

For the last 10 years, on average, 433 (54.67 % of students) get any students loan help and its average loan amount is $433.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	480 (56%)	$7,810	474 (56%)	$5,403	82 (10%)	$14,480
2014-15	476 (55%)	$7,827	469 (54%)	$5,457	90 (10%)	$12,959
2015-16	464 (58%)	$7,880	459 (57%)	$5,300	78 (10%)	$15,690
2016-17	429 (56%)	$8,089	424 (55%)	$5,335	78 (10%)	$15,489
2017-18	424 (56%)	$8,516	419 (55%)	$5,444	82 (11%)	$16,219
2018-19	414 (55%)	$9,995	408 (54%)	$5,343	115 (15%)	$17,024
2019-20	416 (53%)	$10,142	407 (52%)	$5,226	121 (16%)	$17,290
2020-21	379 (51%)	$10,212	356 (48%)	$5,294	110 (15%)	$18,053
2021-22	412 (52%)	$8,953	407 (52%)	$5,309	90 (11%)	$16,978
Average	433 (54.67%)	$8,825	425 (53.67%)	$5,346	94 (12.00%)	$16,020

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Scholarships, Grants, and Loan Trends at Drake

All Undergraduate Students Financial Aid Over Time

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time