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Wake Forest University

Graduate & Divinity Financial Aid

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Institutional & Financial Assistance
Information for Students


Loan Information

Application Processing

When your application has been processed, you will receive an
award letter indicating your total eligibility in subsidized and/or
unsubsidized Stafford Loans, along with any scholarship monies
about which we have been notified. You will also receive a Federal Stafford Loan Reply Form for your designation of lender choice, amount of loan requested if less than the amount awarded, and permission to transmit your funds electronically, if this service is available with the lender you choose.

Each lender offers different repayment terms and approval requirements. Wake Forest suggests students carefully investigate the loan terms and conditions before choosing a lender.
Choosing an electronic lender will greatly expedite the process of certifying your loan and applying loan funds to your student account.

The lenders listed below offer fee and/or interest rate reduction options, excellent service, and electronic application processing and fund delivery. All of these lenders retain servicing for the life of the loan. For first-year and returning Wake Forest students, the normal amount of time between submitting a FAFSA and receiving loan funds (by electronic lender) is four weeks. Choosing a non-electronic lender may increase the process by two weeks.

College Foundation............ (888) 234-6400

Citibank................................ (800) 967-2400

Sallie Mae............................. (888) 272-5543

Wachovia...............................(800) 347-7667

Chase.....................................(800) 487-4404

Wells Fargo...........................(800) 378-5526

Click here to see a comparison of these lenders.


You are not required to borrow from one of the lenders listed above.

We encourage you to compare lender discounts and other borrower benefits with these loan comparison tools:

Simple Tuition
(New!)

Loan Discount Analyzer from FinAid.org.

If you have previously completed a Master Promissory Note (MPN) as a Wake Forest graduate student, please indicate that on your Federal Stafford Loan Reply Form. If you choose one of the lenders listed above, you can sign your MPN electronically using your FAFSA PIN through their secure websites.  If you are using another lender, please obtain a paper MPN from your lender and send it to the Office of Student Financial Aid for certification.

Your loan cannot be processed until you have completed entrance loan counseling.

If you are a first-time Stafford Loan borrower at Wake Forest University, visit www.mapping-your-future.org to complete an entrance loan counseling session.

Financial Aid Transcripts

Financial aid transcript information is collected electronically from the National Student Loan Data System (NSLDS) and sent to Wake Forest via the Student Aid Report. If you attend or attended another school after the spring 2003 semester, we may request that your previous school submit a current financial aid transcript to Wake Forest. Financial aid transcript information is required before any federal aid funds can be disbursed.

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Wake Forest University · Graduate Financial Aid Office · Information: 336.758.5907 | Contact