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Types of Financial Aid

There are many types of financial aid available at ÁùºÏ±¦¿â. Keep reading for more information!

ÁùºÏ±¦¿â Scholarships & Awards

Scholarships and awards are a type of gift aid, which is financial aid that does not need to be repaid. Scholarships can be based on various criteria, and can be renewable or one-time awards. Detailed information about the scholarships ÁùºÏ±¦¿â offers is provided below.

ÁùºÏ±¦¿â Scholarships & Awards

Grants

Grants are a type of gift aid, which is financial aid that does not need to be repaid. Grants can be based on various criteria, but usually require financial need and the completion of the .

Because financial need is re-calculated each year based on a new , grants are often subject to change. Detailed information about the grants available at ÁùºÏ±¦¿â are provided at the link below.

ÁùºÏ±¦¿â Grants

Student Employment

ÁùºÏ±¦¿â’s work-study program provides part-time employment for eligible students. Work-study earnings are paid monthly as earned (based on the previous month’s completed hours) via direct deposit to a student’s checking or savings account. Work study earnings are not applied as a payment to a student’s billing statement.

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Tuition Exchange

ÁùºÏ±¦¿â is a participating member of two tuition exchange organizations. More details for each of the programs are provided below.

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ÁùºÏ±¦¿â Tuition Waiver

ÁùºÏ±¦¿â faculty and staff, as well as their spouse/partner and eligible dependent children, may qualify for the ÁùºÏ±¦¿â Tuition Waiver benefit. The Tuition Waiver cannot be used in combination with other ÁùºÏ±¦¿â-funded scholarships or grants. The Tuition Waiver is tuition-specific (see Cost Specificity of Awards). 

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Outside Scholarships/Support

Many students receive scholarships or assistance from other organizations. You should report any assistance you will receive by emailing financialaid@drake.edu with the name and amount of anything that has been offered to you. Checks on your behalf should be mailed to:

ÁùºÏ±¦¿â
Financial Aid Office
Carnegie Hall
2507 University Avenue
Des Moines, IA 50311-4505

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Loans

Loans are a type of financial aid which must be repaid with interest, usually beginning shortly after a student ceases to be enrolled at least half-time. Detailed information about each of the loan programs available to students at ÁùºÏ±¦¿â are listed at the link below.

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Education Benefits for Veterans

ÁùºÏ±¦¿â participates in various federal and state programs offering educational benefits for military service.

For more information, visit ÁùºÏ±¦¿â’s Veterans’ Affairs webpage.

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