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MeritPlaybook / Take-home research

Drake
Decision sheet

Iowa · Research checked 2026-07-02 · School research, not an aid offer

The starting point

Midwest private that gives every directly-admitted first-year student a $27,000-$35,000 Presidential Scholarship automatically, then locks tuition for four years — with a small set of competitive top awards layered on top.

More than one award path. Some awards use published academic thresholds. Others have different selection criteria. A score chart does not describe every award at this school.

Awards to discuss

The 3 awards in this school's research. Amounts retain the original units and conditions; confirm the entering year with the school.

Presidential Scholarship

$27,000–$35,000 per year · Published range

Recorded as automatic on academic criteria; all conditions apply.

Eligibility: Awarded to 100% of full-time undergraduate students admitted directly from high school. No separate application. Drake does not publish a GPA/test-banded ladder mapping a profile to a specific dollar amount within the range.

Renewal: Renewable for students enrolling in at least 12 credit hours per semester and making satisfactory academic progress; renewable up to four years total or until a bachelor's degree is earned.

https://www.drake.edu/admission/first-yearstudents/costsfinancialaid/scholarships/presidential/

National Alumni Scholarship

One full-tuition award · Published coverage or package

Not recorded as automatic on grades and scores. Read the selection rules.

GPA: 3.8

Eligibility: Must enter directly from high school with a cumulative 3.8 GPA on a 4.0 scale OR rank in the top 5% of the class. Requires a separate National Alumni Scholarship application and the admission application by the December 1 deadline; semifinalists complete virtual interviews in early February.

Renewal: Full-tuition award covering Drake tuition; competitive, awarded to one recipient.

https://www.drake.edu/admission-aid/financial-aid/scholarships/nas

Carpenter Scholarship

$10,000 per year (three awards) · Published award terms

Not recorded as automatic on grades and scores. Read the selection rules.

GPA: 3.8

Eligibility: Same eligibility and competition as the National Alumni Scholarship: enter directly from high school with a 3.8 GPA or top-5% rank, complete the separate scholarship application and admission application by December 1, and interview if selected as a semifinalist.

Renewal: Applied toward Drake tuition; three awards offered through the same competition as the National Alumni Scholarship.

https://www.drake.edu/admission-aid/financial-aid/scholarships/nas

Ask before you decide

  1. Which entering-year policy and residency category apply to us? What are the admission and scholarship deadlines?
  2. What grades and credits are required to renew, and for how many terms?
  3. How would other school awards or outside scholarships change the offer?

Recorded stacking policy: Outside scholarships only trigger an aid adjustment if total aid would exceed the cost of attendance (or the student's aid eligibility cap); below that ceiling, awards are not displaced.

Our unanswered questions / Family notes

Keep the sources with the decision

Full research, award details and source context: https://meritplaybook.com/colleges/drake-university/merit-aid

The research date is not a guarantee that a policy still applies. Confirm current amounts, deadlines and conditions with the school before making a financial decision.