by our College Data Analytics TeamMany students attending Wake Forest University can expect to receive financial assistance in various forms, such as scholarships, grants, loans, and work-study programs, making the cost of attendance more manageable.
Uncover the various financial aid options provided by Wake Forest University and determine which ones you may be eligible for by continuing your exploration.
$47,832.00 is the typical Wake Forest University’s first year financial aid package. Financial aid is provided to about 44% of first-year students, with the bulk of support coming in the form of grants and scholarships.
Financial aid contains loans, grants, and scholarships. But college loans need to be repaid, thus they are not a real college discount.
A student loan isn’t a genuine college price reduction, but rather an additional cost consideration. Discover how much student loan debt from Wake Forest University you could end up dealing with.
Colleges and universities offer institutional scholarships and grants as financial assistance to help students cover tuition fees and other educational costs. These awards, which do not require repayment, can be merit-based or need-based. Merit-based institutional scholarships recognize students who have exceptional academic records, special talents, or skills in particular areas. Eligibility for these scholarships often depends on factors such as a student’s high school performance, standardized test scores, or involvement in extracurricular activities. In contrast, need-based institutional grants are designed for students who show financial need. The amount awarded usually depends on the student’s family’s financial condition and aims.
The next numbers refer to grants and scholarships mainly supplied by the college itself.
34% of first-year students (461 total) were offered scholarships at Wake Forest University, averaging $45,885.00 per person. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 9% of first years (124 total) were awarded federal grant aid, averaging $6,053.00 each.
The table following demonstrates grant and scholarship distributions by income level for freshmen getting any sort of federally-funded Title IV aid, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 4.27% | $63,734.00 |
| Income 30k-48k | 1.91% | $68,523.00 |
| Income 48k-75k | 3.02% | $63,907.00 |
| Income 75k-110k | 3.68% | $49,417.00 |
| Income 110k + | 8.54% | $21,899.00 |
The table above shows students who are obtaining Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
44% of the 1359 undergraduates at Wake Forest University receive some sort of grant aid. This is a total of about 464 students getting an average of $47,832.00 per person.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.