Worried about how to pay for college? Examine the Cost of Wake Forest Tuition and available financial aid before calculating the net price based on your income level to see if you can afford to enroll.
Tuition and Cost
The WFU Board of Trustees determines and approves direct charges for the following academic year in the spring, before classes begin. Prior to this clearance, all expenses for an upcoming school year are estimates and may change.
They approximate all other amounts averages, excluding tuition & fees. They show actual charges on semester billing bills, which may be for amounts that are more or lower than averages.
Wake Forest Tuition Student Budget
| Tuition and Fees | $62,128 |
| Housing (standard double room) | $10,448 |
| Meals | $6,204 |
| Personal Expenses | $1,632 |
| Transportation | $1,076 |
| Fed Direct Loan Avg Fee | $66 |
| Books and Supplies | $1,500 |
Total Estimated Costs: $83,054
Wake Forest Tuition Financial Aid
Among the biggest investments a family can make is in college funding.
At Wake Forest, we use grants, scholarships, work-study, and subsidized loans to fully satisfy the showed financial need of qualified admitted undergraduate students.
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Wake Forest Tuition Scholarship
Less than 3% of first-year students get merit scholarships from Wake Forest’s Office of Undergraduate Admissions.
Most scholarships just require a completed entrance application by November 15 (including the full-cost of attendance Signature Scholarships). Scholarship candidates who must go through thorough interviews or auditions will be contacted by April.
Applicants who think they could be eligible for need-based funding must submit their applications by January 1. Financial need is a selection criterion for most scholarships at Wake Forest.
Since they chose beneficiaries based on information from admission applications, FAFSA applications, and CSS Profile applications, separate applications are unnecessary.
Wake Forest Tuition Grant
Pell Grants help undergraduate students with the greatest financial need. The annual range of grants is $624 to $6,195.
Undergraduate students with the greatest financial need can get help from Federal Supplemental Educational Opportunity Grants (FSEOG). The average annual sum is $1,400.
As a requirement for receiving the grant, beneficiaries of Teacher Education Assistance for College and Higher Education (TEACH) Grants must fulfill a teaching service commitment. If the beneficiary does not fulfill the service duty, they must repay the grant with interest.
Wake Forest Tuition Loan
For loans released after July 1, 2023, the federal direct loan interest rate for undergraduate students is 4.99%. For loans with the first disbursement happening before October 1, 2023, an origination charge of 1.057% is subtracted.
The most recent interest rates and costs are accessible on the Federal Student Aid Interest Rates and Fees page.
The following annual borrowing limits are determined by the number of credit hours earned: $5,500 (0–24,9), $6,500 (25–54,9), and $7,500. (55 or more hours).
Based on the FAFSA results of eligibility for need-based aid programs, a portion of these sums (up to $3,500 (0-24.9 hours), $4,500 (25-54.9 hours), and $5,500 (55 or more hours)) may be Subsidized (no interest accrues, and no repayment is required while enrolled).
Interest is imposed on an unsubsidized loan from the time they disburse it until they repay it in full, and payments can start while they still enrol you.
An undergraduate student may borrow additional Federal Direct Unsubsidized Loan amounts (up to $4,000 for students with credit hours achieved under 55, and up to $5,000 for other students) if their parent is ineligible for a Federal PLUS Loan due to credit issues.
Wake Forest Tuition Work Study
Federally qualified undergraduate students may work on or off campus and make up to $2,000 annually.
By employer, wages differ. Because earnings are given directly to students on a fortnightly basis as they complete work, offered sums cannot be deducted from semester fees.
The Office of Student Financial Aid keeps and posts a current directory of job openings on campus and in the community for students who are not qualified for Federal Work-Study.
It is encouraged for students to work throughout the summer in order to finance their academic year.
Is Wake Forest Expensive?
The college cost of Wake Forest University is $79,886.
Is Wake Forest University Prestigious?
The reason Wake Forest is ranked #28 by U.S. News is that 94.5% of its graduates find jobs or enroll in graduate school within a year after graduating. Wake Forest University draws students because of its emphasis on interdisciplinary study.
Is Wake Forest in the Ivy League?
Private research university Wake Forest is delighted to be a member of the Southern Ivy League, a confederation of some of the most distinguished private institutions in the southern United States.
What GPA do you Need to Get Into Wake Forest?
A prospective student must meet Wake Forest’s GPA requirements, which are 3.9. With this GPA, Wake Forest expects you to be one of the best students in your class.
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Does Wake Forest give a Lot of Scholarships?
Less than 3% of first-year students get merit scholarships from Wake Forest’s Office of Undergraduate Admissions. Most scholarships just require a completed entrance application by November 15 (including the full-cost of attendance Signature Scholarships).
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