Wake Forest University Financial Aid, FAFSA/Federal School Code, Scholarships and Deadlines 2022

$5,817

Avg. Federal Grant

$6,784

Avg. Federal Loan

$87,795,734

Total Aid Awarded

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Wake Forest University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

49%

Total Aid Amount Average Total Aid Awarded per year.

$87.796M

Financial Aid Official Website

financialaid.wfu.edu/

In addition to need-based financial aid programs, Wake Forest University offers more than 50 merit-based scholarships, including the following full-tuition scholarships: Reynolds, Carswell, Stamps, and Gordon. These scholarships are highly competitive and are awarded on the basis of academic distinction, leadership, community service, artistic talent, and a variety of other unique contributions and characteristics.

The average reported annual net price for Wake Forest University for students receiving grants or scholarship aid was $23,986. $52,847 is the typical Wake Forest University's first-year financial aid offer. Approximately 36.0% of first-year students obtain some money for college, most of which is in the form of scholarships and grants.

36.0% of incoming freshmen (464 total) were awarded scholarships at Wake Forest University, averaging $40,723 per student. This ranks in the top 20th percentile of all schools in the country. As well as scholarships, 8.0% of freshmen (102 total) received federal grant aid, averaging $5,673 per person.

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Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

State Grant Aid

Institution Grant Aid

38%

Pell Grant

Average Aid Awarded

Federal Grant Aid

$5,817

State Grant Aid

$4,892

Institution Grant Aid

$40,124

Pell Grant

$4,625

The average federal loan amount that a student can avail is about $6,784. The university almost spends a total of $87,795,734 in the form of financial aid. Around 49% of students go for this option. Pell Grants and Federal Grants serve a total of 8% of students only. The amount that you can avail is $4,625 and $5,817 in the name of Pell Grants and Federal Grants. State Grants, on an average, are about $4892 and only 4% of students actually receive them. The university maintains consistency in their view of helping the students by making their course affordable enough by offering a huge amount of $40,124 as Institutional Grants. 38% of eligible candidates receive them.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$60,741

$30,001 - $48,000

$55,253

$48,001 - $75,000

$49,440

$75,001 - $110,000

$44,103

Over $110,000

$21,156

We have further segregated the amount of financial aid received by each family income bracket to facilitate your decision making wisely. If you fall under a family income category under $30,000 then you may receive a basic amount of $60,741 as financial aid. A family income category ranging from $30,001 - $48,000 can expect the same amount to go down to $55,253.

For an income range between $48,001 to $75,000 the expected financial aid that you might expect to receive can be close to a figure of $49,440. This pattern is followed when we see family incomes falling under the range of $75,001 - $110,000 receiving financial aid of up to $44,103. For any family with an income range falling over and above $110,000, they may get an amount of $21,156. In essence, the lower the family income bracket you fall under, the higher the scope of the payout that you will receive.

Student Loans for Wake Forest University

Average Loan Amount Average Loan Amount received per year.

$10,879/Year

Students Taking Out Loans

23%

Loan Default Rate

1.4%

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