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.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-142,409 (50%)$29,510520 (11%)$4,2201,540 (32%)$7,294
2014-152,413 (50%)$31,228508 (10%)$4,2511,430 (29%)$7,825
2015-162,410 (49%)$34,038499 (10%)$4,2461,244 (26%)$7,434
2016-172,399 (48%)$34,548455 (9%)$4,3001,201 (24%)$7,576
2017-182,475 (49%)$35,473496 (10%)$4,5051,213 (24%)$7,934
2018-192,484 (48%)$37,534494 (9%)$4,7221,112 (21%)$6,135
2019-202,539 (48%)$37,880488 (9%)$4,7601,042 (20%)$6,133
2020-212,151 (40%)$46,814481 (9%)$4,998940 (17%)$6,006
2021-222,255 (41%)$45,828477 (9%)$5,309879 (16%)$6,024
Average2,393 (47.00%)$36,984491 (9.56%)$4,5901,178 (23.22%)$6,929

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

OverviewGrants/ScholarshipStudent Loans
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
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14496 (40%)$34,312350 (28%)$9,525
2014-15492 (38%)$37,554330 (26%)$10,316
2015-16502 (39%)$40,596320 (25%)$9,265
2016-17466 (36%)$42,495343 (26%)$10,352
2017-18513 (38%)$41,719310 (23%)$10,879
2018-19514 (36%)$46,779272 (19%)$8,654
2019-20464 (34%)$47,832244 (18%)$12,821
2020-21474 (33%)$53,244259 (18%)$9,651
2021-22411 (29%)$54,233229 (16%)$10,075
Average481 (35.89%)$44,307295 (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.
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) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14137 (11%)$4,071118 (10%)$3,22979 (6%)$4,975487 (40%)$32,211
2014-15125 (10%)$4,185109 (8%)$4,57981 (6%)$4,663484 (38%)$35,282
2015-16128 (10%)$4,406108 (8%)$4,31178 (6%)$4,617500 (39%)$37,979
2016-17102 (8%)$4,37590 (7%)$1,47068 (5%)$4,832464 (36%)$40,723
2017-18104 (8%)$4,62588 (7%)$1,40960 (4%)$4,892511 (38%)$40,124
2018-19129 (9%)$4,874105 (7%)$1,60670 (5%)$5,112512 (36%)$44,705
2019-20115 (8%)$4,916104 (8%)$1,78253 (4%)$5,484461 (34%)$45,885
2020-21151 (10%)$4,994177 (12%)$2,74963 (4%)$5,731469 (32%)$50,397
2021-22109 (8%)$5,28395 (7%)$4,50345 (3%)$6,368404 (29%)$51,979
Average122 (9.11%)$4,637110 (8.22%)$2,84966 (4.78%)$5,186477 (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..
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.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14350 (28%)$9,525342 (28%)$6,047106 (9%)$11,939
2014-15330 (26%)$10,316323 (25%)$6,68689 (7%)$13,982
2015-16320 (25%)$9,265313 (24%)$6,63754 (4%)$16,433
2016-17343 (26%)$10,352334 (26%)$6,90443 (3%)$28,952
2017-18310 (23%)$10,879298 (22%)$6,78461 (5%)$22,149
2018-19272 (19%)$8,654260 (18%)$4,99341 (3%)$25,750
2019-20244 (18%)$12,821232 (17%)$5,04256 (4%)$34,976
2020-21259 (18%)$9,651252 (17%)$4,98538 (3%)$32,719
2021-22229 (16%)$10,075216 (15%)$5,12030 (2%)$40,036
Average295 (22.11%)$10,171286 (21.33%)$5,91158 (4.44%)$25,215
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