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Through great financial distress and five presidents, Drew remained a training ground for hundreds of Methodist ministers. During the presidency of Ezra Tipple, however, the small seminary evolved into a university. In 1920, the seminary introduced a College of Missions, which offered a regular course of study for women . In 1928, Arthur and Leonard Baldwin offered President Tipple $1.5 million to build and endow an undergraduate college of liberal arts. The first class of all-male Brothers College began study in September 1928. With the addition of the aptly named Brothers College, Drew Theological Seminary became Drew University. In 1929, the College of Missions was reorganized into the short-lived College of Religious Education and Missions. Two years later, the seminary benefited greatly from a large bequest from the Wendel family; the money both allowed and encouraged the two schools (the seminary and Brothers College) to operate as nearly separate entities. In 1942-43, Brothers College became coeducational, during a time when many of the College's men were overseas and the U.S. Navy operated a V-12 program on campus.

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