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Wake Forest University

22% accepted | 5k undergrads | Private | Winston-Salem, NC
All majors / fields

$78k

Earnings help
trending_up 5%

$22k

Debt help
61%

2.6

Repay help
73
Greensboro/Winston-Salem North Carolina Area
Greater New York City Area
Charlotte North Carolina Area
Key metrics
Publisher ranking help
star star star star star
4.4
Student review help
star star star star star
4.0
Student-to-faculty
10:1
Graduation rate
 
91%
Graduate on time help
 
87%
Retention rate help
 
94%
Lifestyle Majors Campus Overview

Costs

State residency
Family income

Tuition & fees
trending_up 4.1% last 3 years

Expenses see detail

$22,798
QuestBridge help

Books & supplies

$1,630

Housing & meals
On campus

$17,848

Personal expenses

$3,320
 
 

Other

$
Costs or offsets to adjust sticker price.

Sticker price (COA) help
in_home_mode In-state
[name] help

Estimated aid help
Based on income

Estimated net cost

4-year net cost (x4)
Inflation adj. 3%

 
Personalize my costs. help
 
 
Funding Sources

4-year budget

$
College savings (529), earnings in college.

Funding gap (debt)

Merit: 16% of students (2% w/o need) get $15,142 (avg) in aid. Need: 98% met. See detail
Aid detail
Residency: US | Int’l
% undergrads awarded merit aid $ merit award help % need met
All students Without need Average With need
16% 2% $15,142 98%
Need methodology: FM and IM
How is merit calc'd?
emoji_objects Merit aid is based on student academics, not financial need and is paid by the college.
emoji_objects Students awarded merit aid often have a high GPA or test scores near or above the 75th percentile. See scores
Endowment $ / student: $203,032 help
CSS: US, NCP | IDOC help
wfu.edu: Financial aid | Net price calc
brightness_alert
Net price is for all freshman, not just the 34% that receive grant and scholarship aid. help

Earnings

Major

Earnings after 4 years N/A

$78,158

Real earnings ---
Inflation adj. 8% help

$84,411

Tax rate

%
Get earnings after tax here to adjust rate.
 

Earnings after tax (AT)

Select repayment plan

For funding gap (debt)
Debt detail

% AT earnings to repay debt
help

%
20% is a fast repayment level. help

% interest rate on debt

%
Federal rates with 20% PLUS. help
Plan comparison for debt help

10-yr repay
 

25-yr repay
 

% earnings
 

Annual debt repayment

Earnings after tax and debt ---

Lifestyle

Postgrad earnings and expenses

emoji_objects Cities with the star within the red area may be unaffordable. help
Major:
Location adjusted Less tax, debt + cost of living Savings
Ratio Earnings Tax Repay Expenses / Deficit
Wake Forest University 1.17x
Location neutral earnings help 1.00x
GSO | Greensboro, NC 0.91x -33k = 
NYC | New York, NY 1.57x -52k = 
CLT | Charlotte, NC 1.07x -34k = 
DC | Washington, DC 1.25x -38k = 
RAL | Raleigh, NC 1.13x -40k = 
= 
emoji_objects Location adjusted earnings - taxes - debt repay - cost of living expenses = ending savings / deficit.
emoji_objects The colleges’ ratio reflects a weighted average of their graduates’ cost of living. Location neutral earnings is the weighted average of all graduates across all colleges, which is ~$39k or Salt Lake City’s cost of living.
Taxes help

Expenses

Grad destination

Popular grad destinations

Greensboro/Winston-Salem North Carolina Area
Greater New York City Area
Charlotte North Carolina Area
Washington D.C. Metro Area
Raleigh-Durham North Carolina Area
Greater Atlanta Area
Greater Boston Area
Greater Philadelphia Area
San Francisco Bay Area
Greater Chicago Area
Baltimore Maryland Area
Dallas/Fort Worth Area

Earnings after tax and debt ---

Cost of living | 1 adult, 0 children

Studio apartment
$810 - $1,290/mo help

$9,720

Grocery shopping help

$3,170

Transportation

$9,744

Healthcare

$4,345

Necessities help

$4,288

Entertainment help

$1,715
 

Other

$
Costs or offsets to adjust cost of living.

Total cost of living

Earnings after tax, debt + cost of living
Savings
Deficit

Cost of living ratio: 0.91x
Methodology and documentation
Costs help
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GradBetter is not affiliated with any college or educational institution. Our goal is to organize information that families may find useful and help students graduate in a better place. Our calculations are estimates for educational and illustrative purposes only and should not be construed as financial or tax advice. Please consult a qualified professional regarding financial decisions.
All of our estimates, including aid, need, merit, earnings, debt, cost of living, etc… are just that, estimates. They are not binding on GradBetter nor a final representation of your aid award or any outcome. A college’s aid policies and costs are subject to change and may not be fully reflected in our estimates.