Wake Forest's tuition & fees has increased from $46,200 (2014) to $64,758 (2024), and the rate of tuition increase is 40.17% over the past 10 years. The graduate school tuition & fees has raised from $35,740 (year 2014) to $39,350 (year 2024).
Wake Forest's tuition increase rate is higher than the North Carolina's average increase rate of 4.51%. Compare to all colleges in United States, it's increase rate is higher than the average increase rate of 28.12%.
Cost of Attendance (COA) Trends
The total cost of attendance (COA), including tuition & fees, books & supplies costs, and living costs, increased by 40.00% from 2014 ($62,538).
For the current academic year 2023-2024, Wake Forest's COA is $87,556, which is increased by 5.50% from last year.
The following table and chart show changes to Wake Forest's COA over the past 10 years.
Tuition & Fees Changes
The tuition & fees have increased 40.17% for the last 10 years , and the 2024 tuition & fees are $64,758. The following table and chart show the tuition & fees changes at Wake Forest University over last the 10 years.
Books & Supplies Costs Changes
The cost of purchasing books & supplies which are required/recommended for courses $1,630, and it has increased 25.38% from the year 2014 to 2024.
| Year | Books & Supplies | Change by Year |
|---|
| 2014-15 | $1,300 | - |
|---|
| 2015-16 | $1,400 | 7.69% |
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| 2016-17 | $1,400 | |
|---|
| 2017-18 | $1,404 | 0.29% |
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| 2018-19 | $1,500 | 6.84% |
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| 2019-20 | $1,500 | |
|---|
| 2020-21 | $1,500 | |
|---|
| 2021-22 | $1,500 | |
|---|
| 2022-23 | $1,500 | |
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| 2023-24 | $1,630 | 8.67% |
|---|
Living Costs Changes
The living costs including room, board, and other living expenses have increased 32.65% when a student lives on-campus facilities and 32.65% when living-off campus from the year 2014 to 2024. The following table shows the changes in living costs at Wake Forest University.
| Year | Living On Campus | Living Off Campus | Change by Year |
|---|
| 2014-15 | $15,038 | $15,038 | - |
|---|
| 2015-16 | $15,396 | $15,396 | 2.38% |
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| 2016-17 | $15,804 | $15,804 | 2.65% |
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| 2017-18 | $16,326 | $16,326 | 3.30% |
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| 2018-19 | $16,816 | $16,816 | 3.00% |
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| 2019-20 | $17,418 | $17,418 | 3.58% |
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| 2020-21 | $18,018 | $18,018 | 3.44% |
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| 2021-22 | $18,616 | $18,616 | 3.32% |
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| 2022-23 | $19,360 | $19,360 | 4.00% |
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| 2023-24 | $21,168 | $21,168 | 9.34% |
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Compare Tuition Change to Similar Colleges
The following table compares 2024 tuition and increase rate from last year between Wake Forest University and similar schools.
| 2024 | 2023 | Increase Rate |
|---|
| Wake Forest University | $64,758 | $62,128 | 4.23% |
|---|
|
| University of Virginia-Main Campus | $59,633 | $57,374 | 3.94% |
|---|
|
| University of Notre Dame | $62,693 | $60,301 | 3.97% |
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|
| University of Miami | $59,926 | $57,194 | 4.78% |
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|
| North Carolina State University at Raleigh | $31,767 | $30,869 | 2.91% |
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|
| Florida State University | $21,683 | $21,683 | - |
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