Wake Forest trustees approve new tuition for 2009-2010
February 6, 2009
Wake Forest University trustees Feb. 6 approved raising undergraduate tuition and housing by 4.5 percent for the 2009-2010 fiscal year.
The tuition decision marked a determined effort by Wake Forest to slow the rate of cost increases for college students. Last year, tuition rose by 6.8 percent while housing cost increases varied from 3 to 10 percent, depending on the residence hall and other factors.
Undergraduate tuition will be $38,206 next fall. This year, it is $36,560.
Housing costs for all residence halls will rise by 4.5 percent. As always, charges will vary according to where students live on campus. Wake Forest offers apartment and townhouse accommodations, as well as traditional residence halls where usually two students share a room.
Annual student activity and health service fees, paid by all undergraduates, are unchanged. Vehicle registration fees remain unchanged, too.
“Across the nation, universities are feeling the impact of these difficult economic times. We also recognize that these times present significant challenges for the families of our students at Wake Forest,” Wake Forest President Nathan O. Hatch said. “We have worked very hard to set tuition at a level where we can continue to deliver the outstanding higher education experience our students deserve and that we are committed to delivering as the nation’s leading collegiate university.”
Wake Forest Provost Jill Tiefenthaler said the university remains committed to financial aid for qualifying students. Wake Forest accepts students on a need-blind basis, meaning the university accepts students without consideration of their ability to pay.
For 2008-2009, Wake Forest is delivering $64 million in total financial aid from all sources to undergraduates, of which $41 million comes directly in institutional grants from the university.
Wake Forest also introduced last year new 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.
Tuition is the largest source of income for Wake Forest’s Reynolda Campus. It plays a major role in supporting a wide range of expenses related to the university’s academic and research missions, including faculty and staff salaries, financial aid, utilities, debt service and facilities.
In other action on tuition, trustees approved:
- 4 percent increase in the Graduate School of Arts and Sciences
- 4.4 percent increase in School of Law
- 4.5 percent increase in School of Divinity
- 5 percent increase for MBA students