Number Received Financial Aid (All Undergraduate)
2,266
Percent Received Financial Aid(All Undergraduate)
42%
Average Aid Amount
$46,077
Number Received Financial Aid (Freshmen)
570
Percent Received Financial Aid (Freshmen)
42%
Financial Aid Information at Wake Forest
For the academic year 2023-2024, a total of 2,266 students (42% of undergraduate students) received one or more financial aid including grants, scholarships, and/or student loans. The average financial aid amount is $46,077. For freshmen (Full-time, first-time degree-seeking undergraduate students), 570 students (42% of enrolled students) received financial aid.
The 2025 undergraduate tuition & fees at Wake Forest University is $67,642, for reference.
All Undergraduate Students Financial Aid
For the academic year 2023-2024, a total of 2,266 students (42% of all students) have received grants or scholarships and the average received aid amount is $46,077. 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 | 2,266 | 42% | $46,077 |
| Pell Grants | 517 | 9% | $5,554 |
| Federal Student Loans | 794 | 15% | $6,038 |
Beginning Students Financial Aid
a total of 570 beginning students (42% of all freshmen) have received any financial aid and 506 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 | 570 | 42% | - |
| Grants or Scholarship from All Sources | 468 | 34% | $55,090 |
| Federal Grants | 143 | 10% | $7,151 |
| Pell Grants | 143 | 10% | $5,665 |
| Other Federal Grants | 118 | 9% | $1,800 |
| State/Local Grants | 48 | 4% | $6,618 |
| Institutional Grants | 463 | 34% | $52,790 |
| Student Loans | 194 | 14% | $9,868 |
| Federal Student Loans | 182 | 13% | $5,116 |
| Other Student Loans | 28 | 2% | $35,113 |
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