The Board of Trustees of Wake Forest University approved raising undergraduate tuition by 3.9 percent for the 2011-2012 fiscal year at their winter meeting on campus Feb. 4.
Undergraduate tuition will increase from the current $39,544 to $41,100 next year. The decision reflects a determined effort to keep tuition increases low. For the second year in a row, the university has kept the rate of cost increases below 4 percent.
“Wake Forest has always emphasized and guarded its tradition as a place of opportunity,” said President Nathan O. Hatch. “This tuition increase happens in the context of careful restraints on spending and a renewed effort to secure additional financial aid to offset the costs of maintaining our high standard of quality.”
Housing costs for all residence halls will rise by 5.6 percent.
For 2010-2011, Wake Forest increased financial aid by 11 percent. Students will receive more than $78 million in total financial aid, including more than $52 million from University sources.
In 2008, Wake Forest took steps to aid students whose family income is less than $40,000 annually. The students’ loans in their financial aid packages are capped at $4,000 per year during their college years.
Categories: University Announcement
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