How Wake Forest's Financial Aid Changes

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Wake Forest University since 2013.

For that period, the average number of students who received grants aid/scholarships is 2,393, which is 47.00 % of all undergraduate students. 1,178 students which is 23.22% of undergraduate students received federal student loans and the average loan amount is $6,929.

Year	Grant or Scholarship^*		Pell Grants		Federal Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	2,409 (50%)	$29,510	520 (11%)	$4,220	1,540 (32%)	$7,294
2014-15	2,413 (50%)	$31,228	508 (10%)	$4,251	1,430 (29%)	$7,825
2015-16	2,410 (49%)	$34,038	499 (10%)	$4,246	1,244 (26%)	$7,434
2016-17	2,399 (48%)	$34,548	455 (9%)	$4,300	1,201 (24%)	$7,576
2017-18	2,475 (49%)	$35,473	496 (10%)	$4,505	1,213 (24%)	$7,934
2018-19	2,484 (48%)	$37,534	494 (9%)	$4,722	1,112 (21%)	$6,135
2019-20	2,539 (48%)	$37,880	488 (9%)	$4,760	1,042 (20%)	$6,133
2020-21	2,151 (40%)	$46,814	481 (9%)	$4,998	940 (17%)	$6,006
2021-22	2,255 (41%)	$45,828	477 (9%)	$5,309	879 (16%)	$6,024
Average	2,393 (47.00%)	$36,984	491 (9.56%)	$4,590	1,178 (23.22%)	$6,929

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

Overview

For the last 10 years, on average, 481 (35.89 % of students) received grants or scholarships and its average amount is $44,307. It can cover 68.42% of tuition & fees ($64,758).

In addition, 295 (22.11 % of students) students get helped from the students loans (average amount : $10,171).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	496 (40%)	$34,312	350 (28%)	$9,525
2014-15	492 (38%)	$37,554	330 (26%)	$10,316
2015-16	502 (39%)	$40,596	320 (25%)	$9,265
2016-17	466 (36%)	$42,495	343 (26%)	$10,352
2017-18	513 (38%)	$41,719	310 (23%)	$10,879
2018-19	514 (36%)	$46,779	272 (19%)	$8,654
2019-20	464 (34%)	$47,832	244 (18%)	$12,821
2020-21	474 (33%)	$53,244	259 (18%)	$9,651
2021-22	411 (29%)	$54,233	229 (16%)	$10,075
Average	481 (35.89%)	$44,307	295 (22.11%)	$10,171

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students.

Grants/Scholarship

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 122 (9.11 % of students) received Pell (federal) grants and its average amount is $4,637.

In addition, 66 students received State/local government grants/scholarships (4.78 % of students).

Year	Federal (Pell) Grants		Other Federal		State/Local government		Institutional
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	137 (11%)	$4,071	118 (10%)	$3,229	79 (6%)	$4,975	487 (40%)	$32,211
2014-15	125 (10%)	$4,185	109 (8%)	$4,579	81 (6%)	$4,663	484 (38%)	$35,282
2015-16	128 (10%)	$4,406	108 (8%)	$4,311	78 (6%)	$4,617	500 (39%)	$37,979
2016-17	102 (8%)	$4,375	90 (7%)	$1,470	68 (5%)	$4,832	464 (36%)	$40,723
2017-18	104 (8%)	$4,625	88 (7%)	$1,409	60 (4%)	$4,892	511 (38%)	$40,124
2018-19	129 (9%)	$4,874	105 (7%)	$1,606	70 (5%)	$5,112	512 (36%)	$44,705
2019-20	115 (8%)	$4,916	104 (8%)	$1,782	53 (4%)	$5,484	461 (34%)	$45,885
2020-21	151 (10%)	$4,994	177 (12%)	$2,749	63 (4%)	$5,731	469 (32%)	$50,397
2021-22	109 (8%)	$5,283	95 (7%)	$4,503	45 (3%)	$6,368	404 (29%)	$51,979
Average	122 (9.11%)	$4,637	110 (8.22%)	$2,849	66 (4.78%)	$5,186	477 (35.78%)	$42,143

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students..

Student Loans

The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.

For the last 10 years, on average, 295 (22.11 % of students) get any students loan help and its average loan amount is $295.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	350 (28%)	$9,525	342 (28%)	$6,047	106 (9%)	$11,939
2014-15	330 (26%)	$10,316	323 (25%)	$6,686	89 (7%)	$13,982
2015-16	320 (25%)	$9,265	313 (24%)	$6,637	54 (4%)	$16,433
2016-17	343 (26%)	$10,352	334 (26%)	$6,904	43 (3%)	$28,952
2017-18	310 (23%)	$10,879	298 (22%)	$6,784	61 (5%)	$22,149
2018-19	272 (19%)	$8,654	260 (18%)	$4,993	41 (3%)	$25,750
2019-20	244 (18%)	$12,821	232 (17%)	$5,042	56 (4%)	$34,976
2020-21	259 (18%)	$9,651	252 (17%)	$4,985	38 (3%)	$32,719
2021-22	229 (16%)	$10,075	216 (15%)	$5,120	30 (2%)	$40,036
Average	295 (22.11%)	$10,171	286 (21.33%)	$5,911	58 (4.44%)	$25,215

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Scholarships, Grants, and Loan Trends at Wake Forest

All Undergraduate Students Financial Aid Over Time

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time