Wake Forest Board of Trustees approves new tuition, housing costs
February 5, 2007
The Wake Forest University Board of Trustees on Feb. 2 approved new tuition and housing costs for the 2007-2008 fiscal year.
Full-time undergraduate tuition will increase 6.8 percent to $34,230. This year, tuition is $32,040. The tuition cost for part-time undergraduates will rise by 13.6 percent. Part-time undergraduates will pay $1,420 per semester hour, up from $1,250 per semester hour.
The automobile registration fee for students will increase 8.3 percent from $300 to $325 for a year. The fee for freshmen will increase 12.5 percent from $200 to $225 for a specially designated lot for freshmen.
The study-abroad enrollment fee for undergraduate students studying in non-Wake Forest programs will increase 20 percent from $1,250 to $1,500 per semester.
Summer School tuition for undergraduate and graduate students will increase 8.4 percent from $535 to $580 per semester hour.
Student housing costs on campus will increase from 6.2 percent to 7.6 percent, depending on the type of room and residence hall. Summer session housing costs will increase from 4.3 percent to 5.1 percent, depending on the type of room.
In 2006-2007, 61 percent of undergraduates are receiving financial aid. Thirty-five percent receive need-based aid.
Tuition covers 86 percent of the cost of a Wake Forest undergraduate education.
Full-time tuition for students in the Graduate School of Arts and Sciences will increase 5 percent from $26,985 to $28,340. Tuition for part-time graduate students will increase 5.2 percent from $960 to $1,010 per semester hour. Tuition for part-time students in the Master of Arts in Liberal Studies program will increase 3 percent from $264 to $272 per semester hour.
Tuition for School of Law students will rise 6.8 percent from $29,500 to $31,500. Tuition for students in the law school’s Master of Laws program will rise 7.3 percent from $27,500 to $29,500.
In the Divinity School, tuition for full-time students will increase 3.4 percent from $14,500 to $15,000. Tuition for part-time students will rise 3.4 percent from $585 to $605 per semester hour.
In the Babcock Graduate School of Management, tuition increases for MBA students will vary, depending on the program. Increases range from 2.9 percent to 6 percent.