Number Received Financial Aid (All Undergraduate)
2,255
Percent Received Financial Aid(All Undergraduate)
41%
Average Aid Amount
$45,828
Number Received Financial Aid (Freshmen)
528
Percent Received Financial Aid (Freshmen)
37%
Financial Aid Information at Wake Forest
For the academic year 2021-2022, a total of 2,255 students (41% of undergraduate students) received one or more financial aid including grants, scholarships, and/or student loans. The average financial aid amount is $45,828. For freshmen (Full-time, first-time degree-seeking undergraduate students), 528 students (37% of enrolled students) received financial aid.
The 2024 undergraduate tuition & fees at Wake Forest University is $64,758, for reference.
All Undergraduate Students Financial Aid
For the academic year 2021-2022, a total of 2,255 students (41% of all students) have received grants or scholarships and the average received aid amount is $45,828. It includes federal, state, local, institutional, or other sources of grant aid. The following table describes the financial aid statistics by aid types at Wake Forest University for all undergraduate students.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Federal, state, local, institutional or other grant aid | 2,255 | 41% | $45,828 |
| Pell Grants | 477 | 9% | $5,309 |
| Federal Student Loans | 879 | 16% | $6,024 |
Beginning Students Financial Aid
a total of 528 beginning students (37% of all freshmen) have received any financial aid and 521 students (37% of all freshmen) awarded any student loans. The headcount includes the number of full-time, first-time degree-seeking beginning undergraduate students. The below table shows the number and amount by the source of financial aid at Wake Forest University.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Any Student Financial Aid | 528 | 37% | - |
| Grants or Scholarship from All Sources | 411 | 29% | $54,233 |
| Federal Grants | 109 | 8% | $9,208 |
| Pell Grants | 109 | 8% | $5,283 |
| Other Federal Grants | 95 | 7% | $4,503 |
| State/Local Grants | 45 | 3% | $6,368 |
| Institutional Grants | 404 | 29% | $51,979 |
| Student Loans | 229 | 16% | $10,075 |
| Federal Student Loans | 216 | 15% | $5,120 |
| Other Student Loans | 30 | 2% | $40,036 |
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