Back to the top. For upperclassmen this can be a long-awaited freedom to escape the dorms and finally be on their own. It's all part of the college experience. With this new freedom comes the question of how to afford living off campus. Parker said the funds students are likely to see affected are those that are given by Drake.
Drake is able to discount a student's tuition if they remain on campus.
The University is able to do this by collecting more money and returning it to the student. If Drake is able to collect more money, Parker said they can pass it on to the student. The Drake cap for need-based assistance is 50 percent. In order to give students something back, the University must collect a certain percentage from the student, according to Parker. Drake maintains a policy that all students must live on campus for their first two years.