Payment Options

Drake offers the following methods of payment, based on semester costs, to qualifying students registering for the fall or spring semester. In order for the financial portion of the registration to be completed more accuragely and efficiently, you should choose a method of payment and complete a payment plan application by the time your student registers for classes.* Applications available from the Office of Student Accounts or by contacting Academic Management Services (AMS) at 1-800-635-0120 or www.tuitionpay.com/drake. Bills are mailed at the end of each month. The costs of books, supplies and individual expenses are NOT part of the payment plans. Contact Drake's Office of Student Accounts for semester payment deadlines.

Any student whose account is not paid in full by the end of the drop/add period for each semester, or whose payment plan amount is past due, will be given 10 days to bring payments up to date or arrange for a payment plan. If the account remains unpaid, the student will be dropped from enrollment for the current term. The complete policy can be found on the Office of Student Accounts Web site.

*Part-time students must complete a new application for each semester.

Full-payment Plan Option

The full semester payment is the amount due after financial assistance has been deducted.
Payments in full for the fall semester should are due in the Office of Student Accounts by August 15; for the spring semester, by January 15.
Credit card payments are accepted for those using the full payment option.

8-month Payment Plan
The Tuition Pay Monthy Plan, offered by Academic Management Services (AMS), allows students to split their tuition bills into installment payments. AMS will collect and monitor your tuition installments on behalf of Drake and forward payment to the University.

The 8-month payment plan is available to all students who begin enrollment in the fall term.
It's interest-free; the only charge is a $70 annual application fee.
Total costs may be divided into eight equal payments, with payments due on the 15th of each of these months: August, September, October, November, December, January, February, March.*
Payment amounts will be computed after financial assistance has been deducted from the total charges.
An electronic funds transfer option is available.
A $60 penalty is assessed on payments more than 10 days late.

*The first payments are due on or before the first day of class of the semester.

AMS offers the following benefits at no extra charge:

Personalized counseling to help budget your tuition payments
Special tools to track payment history and future due dates
Life insurance coverage which will pay off the remaining payment plan balance should the designated bill payer die
Web site access to account information.

Please contact the Office of Student Accounts if you have questions about payment plans or billing at 1-515-271-2151 option 5, or 1-800-44-DRAKE, x 2151 option 5.