Drake University

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2017 Undergraduate Tuition

$38,916

11% growth from 2016

2017 Average Net Price

$28,277

After Financial Aid

2016 Student Loan

2.42%

Default Rate

2017 Acceptance Rate

68.8%

5,574 Applicants

2017 Enrolled Students

4,904

78.2% Full-Time

2017 Graduation Rate

77.1%

545 Graduates

About

Drake University is a higher education institution located in Polk County, IA. In 2016, the most popular Bachelor's Degree concentrations at Drake University were General Marketing & Marketing Management (75 degrees awarded), Actuarial Science (64 degrees), and Public Relations & Image Management (55 degrees).

In 2017, 1,554 degrees were awarded across all undergraduate and graduate programs at Drake University. 60.8% of these degrees were awarded to women, and 39.2% awarded men. The majority of degree recipients were white (1,272 degrees), 23.1 times more than then the next closest race/ethnicity group, asian (55 degrees).

The median undergraduate tuition at Drake University is $38,916, which is $18,183 more than the national average for Masters Colleges and Universities ($20,733).

Costs

The median undergraduate tuition at Drake University is $38,916, which is $18,183 more than the national average for Masters Colleges and Universities ($20,733).

After taking grants and loans into account, the average net price for students is $28,277.

In 2017, 95% of undergraduate students received federal grants, while 50% of undergraduate students received federal loans.

Student Expenses

Tuition Costs

$38,916

2017 Undergraduate Tuition

In 2017, the cost of tuition at Drake University was $38,916. The cost of tuition at Drake University is $18,183 more than than the overall (public and private) national average for Masters Colleges and Universities ($20,733).

This chart compares the tuition costs of Drake University (in red) with those of other similar universities.

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Average Net Price

$28,277

2017 Value

0.673%

1 Year Growth

In 2017 Drake University had an average net price — the price paid after factoring in grants and loans — of $28,277. Between 2016 and 2017, the average net price of Drake University grew by 0.673%.

This chart compares the average net price of Drake University (in red) with that of other similar universities.

Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

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Other Student Expenses

$9,850

Room and Board

$1,100

Books and Supplies

The average yearly cost of room and board at Drake University was of $9,850 in 2017. During the same period, the average yearly cost of books and supplies was $1,100. The cost of room and board increased by 2.65% between 2016 and 2017. The cost of books and supplies did not change during the same period.

This chart compares the average student costs at Drake University (in red) with that of similar universities.

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Financial Aid

Financial Aid by Income Level

95%

Of Undergraduates Receive Grants

50%

Of Undergraduates Receive Federal Loans

95% of undergraduate students at Drake University received grants or loans in 2017. This represents a growth of 0% with respect to 2016, when 95% of undergraduate students received financial aid.

This chart compares the average award discount at Drake University (in red) with that of other similar universities.

The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

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Student Loan Default Rate

Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.

2.42%

2016 Default Rate

25

Number of Defaults

In 2016 the default rate for borrower's at Drake University was 2.42%, which represents 25 out of the 1032 total borrowers.

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

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Admissions

Drake University received 5,574 undergraduate applications in 2017, which represents a 12.4% annual growth. Out of those 5,574 applicants, 3,835 students were accepted for enrollment, representing a 68.8% acceptance rate.

There were 4,904 students enrolled at Drake University in 2017, and 8% of first-time enrollees submitted SAT scores with their applications.

Drake University has an overall enrollment yield of 19.8%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

68.8%

Acceptance Rate in 2017

3,835

Accepted Out of 5,574

In 2017, the undergraduate acceptance rate of Drake University was 68.8% (3,835 admissions from 5,574 applications). This is lower than the acceptance rate of 2016, which was 68.9%. Between 2016 and 2017, the number of applicants grew by 12.4%, while admissions grew by 12.2%.

This chart compares the acceptance rate of Drake University (in red) with that of other similar universities.

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SAT Scores

8%

Submission Percentage

54

Scores Submitted

8% of enrolled first-time students at Drake University in 2017 submitted SAT scores with their applications.

This chart shows the SAT scores for the 25th and 75th percentile of applicants broken out into each section of the test that their are evaluated on.

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Enrollment

Drake University has a total enrollment of 4,904 students. The full-time enrollment at Drake University is 3,834 students and the part-time enrollment is 1,070. This means that 78.2% of students enrolled at Drake University are enrolled full-time.

The enrolled student population at Drake University, both undergraduate and graduate, is 80.9% White, 4.2% Hispanic or Latino, 4.18% Black or African American, 3.38% Asian, 2.47% Two or More Races, 0.102% American Indian or Alaska Native, and 0% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Drake University in full-time Undergraduate programs are majority White Female (45.2%), followed by White Male (33.1%) and Hispanic or Latino Female (3.25%). Students enrolled in full-time Graduate programs are majority White Female (52.2%), followed by White Male (31.4%) and Asian Female (3.98%).

Full-Time vs Part-Time Enrollment

78.2%

Full-Time Enrollment

The total enrollment at Drake University, both undergraduate and graduate, is 4,904 students. The full-time enrollment at Drake University is 3,834 and the part-time enrollment is 1,070. This means that 78.2% of students enrolled at Drake University are enrolled full-time compared with 68.6% at similar Masters Colleges and Universities.

This chart shows the full-time vs part-time enrollment status at Drake University (in red) compares to similar universities.

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Retention Rate over Time

87%

2017 Retention Rate

Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall. The retention rate for full-time undergraduates at Drake University was 87%. Compared with the full-time retention rate at similar Masters Colleges and Universities (75%), Drake University had a retention rate higher than its peers.

This chart shows the retention rate over time at Drake University (highlighted in red) compares to similar universities.

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity

  1. White

    3,966

  2. Hispanic or Latino

    206

  3. Black or African American

    205

The enrolled student population at Drake University is 80.9% White, 4.2% Hispanic or Latino, 4.18% Black or African American, 3.38% Asian, 2.47% Two or More Races, 0.102% American Indian or Alaska Native, and 0% Native Hawaiian or Other Pacific Islanders. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Masters Colleges and Universities is 54.4% White, 15% Hispanic or Latino, and 13.2% Black or African American.

Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 47 students (0.958%) did not report their race.

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Graduates

In 2017, 336 more women than men received degrees from Drake University. The majority of degree recipients at Drake University are white (1,272 degrees awarded). There were 23.1 times more white graduates than the next closest race/ethnicity group, asian (55 degrees).

The most common Bachelor's Degree concentration at Drake University is General Marketing & Marketing Management (75 degrees awarded), followed by Actuarial Science (64 degrees) and Public Relations & Image Management (55 degrees).

The most specialized majors across all degree types at Drake University, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Legal (144 degrees awarded), Communications (125 degrees), and Education (284 degrees).

Workforce

Common Jobs by Major

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Drake University are Elementary & middle school teachers (1,887,500 people), Secondary school teachers (299,948 people), Education administrators (266,623 people), Other managers (188,189 people), and Postsecondary teachers (143,704 people).

The most specialized majors at Drake University are Legal (144 degrees awarded), Communications (125 degrees), Education (284 degrees), Philosophy and Religious Studies (12 degrees), and Natural Resources & Conservation (18 degrees).

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Highest Paying Jobs by Major

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Drake University are Surgeons, Geoscientists and hydrologists, except geographers, Dentists, Magnetic resonance imaging technologists, and Physicians

The most specialized majors at Drake University are Legal (144 degrees awarded), Communications (125 degrees), Education (284 degrees), Philosophy and Religious Studies (12 degrees), and Natural Resources & Conservation (18 degrees).

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Common Industries by Major

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Drake University are Elementary & secondary schools (2,758,370 people), Colleges, universities & professional schools, including junior colleges (334,046 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (156,086 people), Computer Systems Design (125,899 people), and Insurance carriers (101,239 people).

The most specialized majors at Drake University are Legal (144 degrees awarded), Communications (125 degrees), Education (284 degrees), Philosophy and Religious Studies (12 degrees), and Natural Resources & Conservation (18 degrees).

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Degrees

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Drake University.

Most Common

  1. 75 degrees awarded

  2. 64 degrees awarded

  3. 55 degrees awarded

In 2017, the most common bachelors degree concentration at Drake University was General Marketing & Marketing Management with 75 degrees awarded.

This visualization illustrates the percentage of degree recipients from bachelors degree programs at Drake University according to their major.

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Gender Breakdown for Common Majors

Degrees Awarded to Men

  1. 609

  2. 945

In 2017, 609 degrees were awarded to men at Drake University, which is 0.644 times less than the number of degrees awarded to females (945).

This chart displays the gender disparity between the top 5 majors at Drake University by degrees awarded.

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Most Common Male Majors

In 2017, 48 degrees were awarded to men at Drake University in Law, which is 0.941 times less than the 51 female recipients with that same degree.

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Most Common Female Majors

In 2017, 75 degrees were awarded to women at Drake University in Pharmacy, which is 2.14 times more than the 35 male recipients with that same degree.

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Time to Complete

65%

100% Completion Time

73%

150% Completion Time

In 2017, 65% of students graduating from Drake University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 73% completed their degrees within 150% of the normal time, and 74% within 200%.

The following chart shows these completion rates over time compared to the average for the Masters Colleges and Universities Carnegie Classification group.

Graduation rate is defined as the percentage of full-time, first-time students who received a degree or award within a specific percentage of "normal time" to completion for their program.

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Diversity

Graduation Rate by Race and Gender

Showing demographic groups with ≥ 5 graduating students.

White Female

Highest Graduation Rate (81%)

The student demographic with the highest graduation rate at Drake University is Female and White (81% graduation rate). Across all Masters Colleges and Universities, Asian Female students have the highest graduation rate (68.1%).

The department of education defines graduation rate as the percentage of full-time, first-time students who received a degree or award within 150% of "normal time" to completion.

The National Center for Education Statistics (NCES) categorizes any student who is studying in the United States on a temporary basis as a "Non-Resident Alien", and the graduation rate of those students is shown in the chart below. Additionally, 1.28% of graduates (7 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity

  1. White

    1,272 degrees awarded

  2. Asian

    55 degrees awarded

  3. Black or African American

    48 degrees awarded

The most common race/ethnicity at Drake University is white (1,272 degrees awarded). There were 23.1 times more white recipients than the next closest race/ethnicity group, asian (55 degrees).

1.16% of degree recipients (18 students) did not report their race.

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Race & Ethnicity by Gender

Most Common Gender Demographic

  1. White Female

    794 degrees awarded

  2. White Male

    478 degrees awarded

  3. Asian Female

    30 degrees awarded

The most common race/ethnicity and gender grouping at Drake University is white female (794 degrees awarded). There were 1.66 times more white female recipients than the next closest race/ethnicity group, white male (478 degrees).

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Operations

Drake University has an endowment valued at nearly $211M, as of the end of the 2017 fiscal year. The return on its endowment was of $22.7M (10.8%), compared to the 6.94% average return ($2.3M on $33.1M) across all Masters Colleges and Universities.

In 2017, Drake University had a total salary expenditure of $143M. Drake University employs 139 Associate professors, 92 Assistant professors, and 86 Professors. Most academics at Drake University are Female Associate professors (72), Male Associate professors(67), and Male Professors (54).

The most common positions for non-instructional staff at Drake University are: Office and Administrative Support, with 221 employees, Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 98 employees, and Service with 90 employees.

Finances

Endowment

$211M

2017 Endowment

9.58%

growth from 2016

Drake University has an endowment valued at about $211M, as of the end of the 2017 fiscal year. The endowment of Drake University grew 9.58% from the previous year. The value of their endowment was $177M higher than than the median endowment of Masters Colleges and Universities according to the Carnegie Classification grouping.

This line chart shows how the endowment at Drake University (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Masters Colleges & Universities: Larger Programs Carnegie Classification grouping.

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Government Grants and Contracts

Grants & Contracts

  1. $9.92M - Federal

  2. $666k - State

  3. $21.6k - Local

As of 2017, Drake University received $9.92M in grants and contracts from the federal government, $666k from state grants and contracts, and $21.6k from local grants and contracts.

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Expenses

Salary Expenditure

$65.3M

2017 Salaries

3.35%

growth from 2016

In 2017, Drake University paid a median of $65.3M in salaries, which represents 45.7% of their overall expenditure ($143M) and a 3.35% growth from the previous year. This is compared to a 2.73% decline from 2015 and a 1.79% growth from 2014.

The median for similar Masters Colleges and Universities is 31.4M (40.5% of overall expenditures).

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Instructional Salaries

$27M

Instructional Salaries

320

Number of Employees

In 2017, Drake University paid a total of $27M to 320 employees working as instructors, which represents 41.4% of all salaries paid.

This is compared to a median of $16.8M (34%) for similar Masters Colleges & Universities: Larger Programs.

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Faculty and Staff

Occupations by Share

Associate professor

Most Common Instructor

139 Employees

Office and Administrative Support

Most Common Non-Instructional Employee

221 Employees

In 2017, the most common positions for instructional staff at Drake University were Associate professor with 139 employees; Assistant professor with 92 employees; and Assistant professor with 86 employees.

In 2017, the most common positions for non-instructional staff at Drake University were Office and Administrative Support with 221 employees; Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 98 employees; and Service with 90 employees.

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Instructors by Academic Rank and Gender

Most Common Demographic

  1. Female Associate professor

  2. Male Associate professor

  3. Male Professor

In 2017, the most common demographic for instructional staff at Drake University was Female Associate professor with 72 employees, Male Associate professor with 67 employees, and Male Professor with 54 employees.

This chart shows the gender split between each academic rank present at Drake University.

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