After more than a year of research, discussion, and financial modeling, I’m excited today to share that Drake will be undertaking a new approach to pricing tuition for next year’s incoming undergraduate class—we’re calling it the Drake Tuition Guarantee.

I encourage you to watch this video to learn more about the Tuition Guarantee, which fixes tuition for full-time, undergraduate students’ four years at Drake. This has several benefits to prospective students and their families—chief among them enhanced financial clarity—and enables us to stabilize tuition and financial aid distribution. This new tuition price still keeps us lower priced than a majority of our out-of-state peer institutions and five Iowa private colleges and universities. You’ll  find more about how we compare to our peers and other answers to common questions in the FAQ.

I wish to extend my gratitude to our colleagues who have been hard at work to make this new approach a reality. Paired with the great value of a Drake education—outlined in The Drake Commitment—the Tuition Guarantee positions us strongly in the marketplace and reflects our ongoing dedication to delivering an exceptional experience to our students.

Please don’t hesitate to reach out if you have additional questions after reviewing the video and FAQ document.

 —President Marty Martin

 

Regards,

 

 

Marty