Student Loans for Wake Forest Students
About Wake Forest University
Established as a learning center for manual labor, Wake Forest University has transformed into an institute for higher education. It was founded in 1834 and is located in Winston-Salem, North Carolina. The university specializes in liberal arts education and has more than 6,000 students enrolled in both undergraduate and postgraduate programs. Notably, Wake Forest receives millions of dollars in endowments every year and boasts a highly-qualified faculty. The institute’s commitment to quality education and personalized attention is evident from its impressive student/faculty ratio. No doubt, Wake Forest University is a popular choice for students from all over the United States.
About Wake Forest University Financial Aid
With college costs at an all time high, paying for higher education can present a number of challenges. In order to help its students, the Wake Forest University financial aid office offers a comprehensive program. Every year, the Wake Forest financial aid office assists more than half of its student population with their monetary concerns. In addition, the financial aid office offers the services of experienced guidance counselors.
Applying for WFU Aid
The WFU financial aid office accepts federal aid, which includes loans, grants and work-study. Students can access institutional awards as well. The application procedure for Wake Forest financial aid is pretty simple; however, before applying for financial aid, students should estimate the cost of their attendance. This estimate is an integral part of the application, as it helps students avoid over-borrowing. Students must also fill out the CSS PROFILE along with the FAFSA (Free Application for Federal Student Aid). These forms need to be filled out accurately and submitted before their respective deadlines. Students can either submit these forms by mail or online. The FAFSA application may be submitted at fafsa.ed.gov.
Although federal aid may help you cover most of the cost of attendance, it rarely covers the entire cost of education. In such situations you might want to think about alternative loan options, such as private loans. Our website offers a comprehensive Loan Comparison Tool that helps you to search for and compare hundreds of lenders, and it’s free!
Wake Forest is committed to funding the demonstrated needs of each student. Student who wish to apply for financial aid should file the CSS Profile, as well as the FAFSA. The university requires signed copies of income tax forms, W-2 wage statements, and tax documents from both student and parents.
How is my need for WFU financial aid calculated?
Most of the WFU financial aid programs are need-based and are offered to students who have difficulty affording higher education. The programs may be applied for through the FAFSA. This form collects all vital information of the financial status of students in order to determine need. A student’s family contribution as well as other income sources are deducted from the program costs, as the remaining amount is the amount that must be funded through WFU financial aid.
How long may I receive Wake Forest University financial aid?
Wake Forest University financial aid is normally provided for a complete semester or academic year, meaning that it is important that you renew your financial aid package every year. Therefore, you should fill out the FAFSA at the beginning of each academic year. You may apply for loans, scholarships, grants, or student employment opportunities.
Pay for Wake Forest University*
|Total Avg. Cost||$54,135|
|Room & Board||$11,010|
|Financial Aid Information|
|Students Receiving Fin Aid||80%|
|Typical Grant Amounts|
|Avg. Other Stud. Loans||$7,085|
|%Receiving Other Loans||15%|
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*Data source is the Integrated Postsecondary Education Data System (IPEDS) the data collection program for the National Center for Education Statistics