Wake Forest vs. University of Richmond

Should I go to Wake Forest University or University of Richmond? Compare 50+ facts and figures about the colleges to help you determine if Wake Forest or University of Richmond is the better college for you. The CollegeSimply comparison tool allows side-by-side comparison of 50+ statistics and facts for over 2,500 colleges and universities.

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Wake Forest University vs. University of Richmond comparison
Wake Forest University University of Richmond College 3 College 4
Wake Forest University University of Richmond
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Overview

Wake Forest University of Richmond
Location Winston Salem, NC University of Richmond, VA
Setting Midsize City Midsize City
Enrollment 8,963 3,876
Type Private 4 Year Private 4 Year
National Ranking #42
Religious Affiliation - - - -
Status Non-profit Non-profit
Website wfu.edu richmond.edu
Team Colors                    

Costs

Wake Forest University of Richmond
Tuition (In State) $61,012 $60,330
Tuition (Out of State) $61,012 $60,330
Room & Board $16,652 $14,870
Avg Net Price $26,197 $29,248
Avg Grant Aid $54,233 $46,385
% Receiving Grant Aid 29% 57%

Admission

Wake Forest University of Richmond
Admission Chances Calculate Calculate
Applied 16,857 14,364
Admitted 3,602 3,501
Acceptance Rate 21.4% 24.4%
Enrolled % 38% 24.3%
Avg High School GPA - 3.71
Typical High School Grades - A-
Admissions Standards Unavailable Exceptional
Applicant Competition Very High Very High
ACT Range 32/34
SAT Range 1398/1530
Submit Test Scores Not required for admission, but considered if submitted (Test Optional) Not required for admission, but considered if submitted (Test Optional)
Application Deadline Jan 1, 2024 Jan 1, 2024

Academics

Wake Forest University of Richmond
Student to Faculty Ratio 10:1 8:1
Popular Majors
  • Business (21%)
  • Social Sciences (20%)
  • Communication (8%)
  • Biology (7%)
  • Psychology (7%)
  • Business (30%)
  • Social Sciences (17%)
  • English and Literature (7%)
  • Foreign Languages (5%)
  • Biology (5%)

Outcomes

Wake Forest University of Richmond
Graduation Rate 88% 83%
Median Earnings (After 10 years) $77,200 $73,900
Making Student Loan Payments 88% 75%
Median Student Loan Debt $23,000 $21,148
Median Loan Payment $237 $218

Diversity

Wake Forest University of Richmond
% Men 43% 45%
% Women 57% 55%
Racial Diversity Low High
HBCU No No
% White 72% 59%
% Black 6% 8%
% Hispanic 7% 7%
% Native American 0% 0%
% Pacific Islander 0% 0%
% Two or More Races 3% 4%
% International 7% 8%
% Unknown Race 0% 6%

Students

Wake Forest University of Richmond
% In-State 14% 15%
% Out-of-State 77% 75%

Campus

Wake Forest University of Richmond
Campus Housing Yes Yes
Freshman Dorm Required No No
Meal Plan Yes Yes
Weekend/Evening Classes No Yes
Daycare Facility No No
Learn More Details Details

Comparable Facts

  • Wake Forest University is larger than than University of Richmond based on total student enrollment (8,963 students vs. 3,876 students)

Wake Forest vs. University of Richmond Cost Comparison

Which college is more expensive, Wake Forest or University of Richmond?

  • Wake Forest University is 1.1% more expensive to attend than University of Richmond for in-state tuition ($61,012.00 vs. $60,330.00)
  • Out of state tuition is 1.1% higher at Wake Forest than University of Richmond ($61,012.00 vs. $60,330.00)
  • The typical actual cost that students pay to attend (average net price) is less at Wake Forest University than University of Richmond ($26,197 vs. $29,248)
  • Living costs (room and board or off-campus housing budget) at University of Richmond are 12% lower than costs at Wake Forest University ($14,870 vs. $16,652)
  • More students receive financial grant aid at University of Richmond than Wake Forest University (57% vs. 29%)
  • The average total grant financial aid received by Wake Forest University students is 16.9% larger than aid received University of Richmond ($54,233 vs. $46,385)

Wake Forest vs. University of Richmond Admissions Difficulty Comparison

Which college is harder to get into, Wake Forest or University of Richmond? Average SAT and ACT scores plus acceptance rates offer good insight into the difficulty of admission between University of Richmond or Wake Forest .

  • University of Richmond has a higher acceptance rate (24.4%) than Wake Forest (21.4%)

Wake Forest vs. University of Richmond Graduation Outcomes Comparison

Which is better, Wake Forest or University of Richmond? Graduation rate, salary and amount of student loan debt are indicators of a college which offers better outcomes for its graduates. Compare the following outcomes facts between University of Richmond and Wake Forest.

  • The graduation rate at Wake Forest is higher than University of Richmond (88% vs. 83%)
  • Graduates from Wake Forest University earn on average $3,300 more per year than University of Richmond graduates after ten years. ($77,200 vs. $73,900)
  • University of Richmond students graduate with a $1,852 lower median federal student loan debt than Wake Forest graduates. ($21,148 vs. $23,000)
  • University of Richmond graduates are paying $19 less per month on federal student loans than Wake Forest graduates. ($218 vs. $237)
  • More Wake Forest graduates are actively paying back their federal student loan debt than former University of Richmond students, three years after graduation. (88% vs. 75%)

Sources: U.S. Department of Education https://nces.ed.gov IPEDS and College Scorecard https://collegescorecard.ed.gov/