Affordability

College is expensive. Let us help make it affordable.

The numbers can be daunting, but they are not disqualifying. The committed professionals in Financial Aid are charged with making Wake Forest within your financial reach. With a combination of loans, grants, work-study and other sources, the mission is possible. Wake Forest has been ranked as one of the Top 25 National Universities in value in recent years.

If you have any questions or are looking for clarification on financial aid and how to afford a college education, please visit our FAQ page on the financial aid website for more information.


What it Costs

The following figures are an estimate of average total costs and is used to determine need for financial aid. Please visit the financial aid website for full details and the most up-to-date information.

2019-20 Tuition & Fees $55,440
Housing (standard double room) $9,560
Books and supplies $1,500
Personal expenses $1,500
Transportation $900
Fed Direct Loan Avg. Fee $66
TOTAL (Estimated):
$74,424

Net Price Calculator

Students who receive financial aid should consider “net cost” (cost of attendance minus total grants and scholarships) in thinking about the actual cost of attending Wake Forest. Use our Net Price Calculator to estimate your actual cost. The Net Price Calculator will not estimate any merit scholarships that you may also receive.


Financial Aid

Like the more than 54% of undergraduate students at Wake Forest receiving financial assistance in the form of loans, grants or both, you have options. We’re here to help you explore them.

Please note: the deadlines listed here are for prospective students only. Returning students should see the Financial Aid site for applicable deadlines.

Merit-Based Aid vs Need-Based Aid

Need-based grants and scholarships are based upon the income and asset data provided by the family in federal (FAFSA) and institutional (Profile) aid applications.  Merit-based scholarships are awarded on the basis of academic performance, artistic or athletic talent, or other contributions the student may demonstrate.


When to Apply

Early Decision Applicants

The deadline for Need-Based Financial Aid applications for Early Decision applicants is November 15. Applicants who meet this deadline will receive an award notification as early as December 1. Visit our How To Apply page for step-by-step financial aid application instructions.

Early Decision II Applicants

The deadline for Need-Based Financial Aid applications for Early Decision II applicants is January 1. Early Decision II applicants who meet this deadline will receive an award notification as early as February 15. Visit our How To Apply page for step-by-step financial aid application instructions.

Regular Decision Applicants

The deadline for Need-Based Financial Aid applications for Regular Decision applicants is January 1. Regular decision applicants who meet this deadline will receive an award notification as early as April 1. Visit our How To Apply page for step-by-step financial aid application instructions.

Types of Financial Aid

Don’t let cost keep you from applying to Wake Forest. Check out our types of aid available by clicking on the options below.

Complete WFU's Net Price Calculator to receive an estimated financial aid award and net cost

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