Drake's tuition & fees has increased from $32,246 (2014) to $49,944 (2024), and the rate of tuition increase is 54.88% over the past 10 years. The graduate school tuition & fees has raised from $9,350 (year 2014) to $12,777 (year 2024).
Drake's tuition increase rate is similar to the Iowa's average increase rate of 54.89%. Compare to all colleges in United States, it's increase rate is higher than the average increase rate of 28.12%.
Cost of Attendance (COA) Trends
The total cost of attendance (COA), including tuition & fees, books & supplies costs, and living costs, increased by 44.83% from 2014 ($46,316).
For the current academic year 2023-2024, Drake's COA is $67,080, which is increased by 5.53% from last year.
The following table and chart show changes to Drake's COA over the past 10 years.
Tuition & Fees Changes
The tuition & fees have increased 54.88% for the last 10 years , and the 2024 tuition & fees are $49,944. The following table and chart show the tuition & fees changes at Drake University over last the 10 years.
Books & Supplies Costs Changes
The cost of purchasing books & supplies which are required/recommended for courses $1,100, and it has not changed since 2014.
| Year | Books & Supplies | Change by Year |
|---|
| 2014-15 | $1,100 | - |
|---|
| 2015-16 | $1,100 | |
|---|
| 2016-17 | $1,100 | |
|---|
| 2017-18 | $1,100 | |
|---|
| 2018-19 | $1,100 | |
|---|
| 2019-20 | $1,100 | |
|---|
| 2020-21 | $1,100 | |
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| 2021-22 | $1,100 | |
|---|
| 2022-23 | $1,100 | |
|---|
| 2023-24 | $1,100 | |
|---|
Living Costs Changes
The living costs including room, board, and other living expenses have increased 19.24% when a student lives on-campus facilities and 0.65% when living-off campus from the year 2014 to 2024. The following table shows the changes in living costs at Drake University.
| Year | Living On Campus | Living Off Campus | Change by Year |
|---|
| 2014-15 | $12,970 | $12,970 | - |
|---|
| 2015-16 | $13,296 | $13,296 | 2.51% |
|---|
| 2016-17 | $13,550 | $13,550 | 1.91% |
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| 2017-18 | $13,858 | $13,858 | 2.27% |
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| 2018-19 | $14,228 | $14,228 | 2.67% |
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| 2019-20 | $14,548 | $14,548 | 2.25% |
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| 2020-21 | $14,852 | $14,852 | 2.09% |
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| 2021-22 | $15,113 | $15,113 | 1.76% |
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| 2022-23 | $14,720 | $15,395 | -2.60% |
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| 2023-24 | $16,036 | $13,979 | 8.94% |
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Compare Tuition Change to Similar Colleges
The following table compares 2024 tuition and increase rate from last year between Drake University and similar schools.
| 2024 | 2023 | Increase Rate |
|---|
| Drake University | $49,944 | $47,742 | 4.61% |
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|
| Missouri State University-Springfield | $17,928 | $17,144 | 4.57% |
|---|
|
| Loyola University Chicago | $51,716 | $49,498 | 4.48% |
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|
| Southern Illinois University-Carbondale | $13,244 | $15,416 | -14.09% |
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|
| Valparaiso University | $46,588 | $44,796 | 4.00% |
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|
| Bradley University | $39,680 | $37,800 | 4.97% |
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