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Private 4 Year

Wake Forest Tuition & Cost

Winston Salem, North Carolina

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How much does it cost to attend?

Sticker Price
$77,278
Costs for Wake Forest University
Fee Cost
Tuition$56,722
Books and Supplies$1,500
Other Fees$1,038
Room and Board $15,520
Other Expenses Budget$2,498

Annual Prices

The annual list price to attend Wake Forest University on a full time basis for 2020/2021 is $77,278 for all students regardless of their residency. This fee is comprised of $56,722 for tuition, $15,520 room and board, $1,500 for books and supplies and $1,038 for other fees. Out of state tuition for Wake Forest University is $56,722, the same as North Carolina residents.

All price data is sourced from the 2020/2021 U.S. Department of Education National Center for Education Statistics survey.

Net Price

Net price is indicative of what it actually costs to attend Wake Forest University when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2019/2020
$26,324
Net Price by Income Wake Forest University
Family Income Net Price Paid
$0 to $30,000$10,401
$30,001 to $48,000$5,612
$48,001 to $75,000$10,228
$75,001 to $110,000$24,718
$110,000+$52,236

The average reported annual net price for Wake Forest University for students receiving grants or scholarship aid was $26,324 in 2019/2020. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

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Financial Aid

38% of full-time undergrad Wake Forest University received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $47,832 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 17% of students received Federal Student Loans averaging $5,042 and 4% of undergrads took out private student loans averaging $34,976.

Finanical Aid Wake Forest University
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $47,832 38%
Institutional Grants and Scholarships $45,885 34%
Pell Grants $4,916 8%
Other Federal Grants $1,782 8%
State and Local Grants $5,484 4%
Federal Student Loans $5,042 17%
Other Student Loans $34,976 4%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Wake Forest University, we've modeled a ten year student loan with an original principal value of $124,740. The loan balance of $124,740 is a four year multiple of the $31,185 average net price. This is a estimate of what you could owe upon graduation if you were to qualify for average financial aid and what a degree really may cost. Should you not qualify for financial aid, you may owe significantly more when you graduate. Based on these assumptions, a monthly repayment of $1,190 could be required to satisfy your student loan.

Please note that financial aid is not guaranteed and is only available for qualifying students. Federal Student Loans are not grants and must be repaid with interest. The current Stafford loan interest rate is 2.75%.

Example Loan $124,740
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $1,190.16
Total Interest Paid $18,078.86
Sum of All Loan Payments $142,818.86

Projected 4 Year Degree Price

4 Year Sticker Price
$309,112
Year All Residents
1 $77,278
2 $80,428
3 $83,705
4 $87,117

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Wake Forest University to be $309,112 - assuming graduation in normal time. The estimation assumes a 4.1% annual increase over the next 4 years which has been the recent trend for this school.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Wake Forest University
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $2,352 $7,056 $9,408

Estimated cost for a class at Wake Forest University based on published credit hour prices. Note that not all schools allow single class enrollment. These prices should be used for comparison purposes as to how much it may cost to take a class at Wake Forest University versus other colleges.

Tuition Payment Plans Available

Wake Forest University Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan Yes
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=199847 IPEDS survey data for Wake Forest University.