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Drake University

Des Moines, IA·Private nonprofit·2,669 students
Last updated: March 22, 2026

A good fit for students who prefer a mid-size campus. no major red flags in the data. solid earnings of $68,700 within 10 years; strong 77% graduation rate.

64%
Accept
2,669
Students
$30,042
Net Price
77%
Grad Rate
$68,700
Earnings
10 yr
$19,500
Debt

About This School

Drake University is a private nonprofit institution located in Des Moines, Iowa with approximately 2,669 undergraduate students enrolled. Drake University has an open or accessible admissions process, with an acceptance rate of 64%. The average net price after financial aid is $30,042 per year. The graduation rate is 77%, and the typical graduate earns $68,700 within 10 years of enrollment.

Drake University is a private university in Des Moines, Iowa, United States. It offers over 140 undergraduate and graduate programs, including professional programs in business, education, law, and pharmacy. Drake University Law School was founded in 1865, which makes it one of the 25 oldest law schools in the United States.

Worth considering if you want a small, career-focused private university with real professional programs in law, pharmacy, and business — graduates earn a solid median of $68,700 a year out, and the relatively low median debt of $19,500 makes the return on investment look reasonable. The 77% graduation rate is decent but not exceptional, meaning roughly 1 in 4 students don't finish, so it's worth asking what support systems exist if a student hits a rough patch. At $30,042 average net price, it's not cheap, but the combination of outcomes and manageable debt puts it ahead of many similarly priced private schools.

Founded
1881
Setting
Midsize city

Popular Programs

Business & Marketing26%
Communications13%
Health Professions9%
Social Sciences7%
Biological Sciences6%
Visual & Performing Arts6%
Psychology5%
Education4%

Percentage of degrees awarded. Source: College Scorecard.

Notable Alumni

Bill BrysonIra LevinMichael EmersonJeremy PivenSteve AllenTerry BranstadSeth Barnes NicholsonSusan GlaspellCarol MorrisChet CulverJulee CruiseJohn August

Source: Wikidata. Used for context only.

Admissions

SAT Scores

Average Composite1288
Reading 75th %ile690
Math 75th %ile700

ACT Scores

Midpoint Composite28

Cost & Financial Aid

In-State Tuition
$49,944
Out-of-State Tuition
$49,944
Avg Net Price
$30,042
after aid

Financial Aid

Students receiving Pell Grants21%
Median debt at graduation$19,500

Full Cost

After Graduation

Graduation Rate
77%
within 6 years
Retention Rate
84%
freshmen returning
Earnings (10 yr)
$68,700
after enrollment
Median Debt
$19,500
at graduation

Will This School Pay Off?

Median Debt
$19,500
at graduation
Earnings (6 yr)
$54,300
after enrollment
Earnings (10 yr)
$68,700
after enrollment
Earnings-to-Debt Ratio: 3.5x

Strong return. Graduates earn well above their debt load.

Earnings data from the U.S. Department of Education College Scorecard. These are means across all graduates, not specific to any major.

Student Body

White71%
Black7%
Hispanic/Latino8%
Asian5%

Source: U.S. Department of Education College Scorecard (2,669 undergraduates).

Contact & Location

Address

Drake University

2507 University Avenue

Des Moines, IA 50311-4505

View on Google Maps →

Other Schools in Iowa

Browse all Iowa schools →

Sources & Methodology

Data

Primary data source: U.S. Department of Education College Scorecard. Accessed via automated sync. Latest values may come from different reporting years depending on the metric.

Contextual Enrichment

School overview from Wikipedia. Used for context only, not as a primary data source for admissions, cost, or outcomes claims.

Important Caveats
  • Earnings figures are institution-level averages, not major-specific.
  • Some metrics are based on Title IV financial aid recipients only.
  • Some values may be privacy-suppressed or rolled up by the Department of Education.
  • Contact the school directly for current admissions requirements and costs.
Trademarks

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