Wake Forest trustees approve tuition for 2010-2011
February 5, 2010
The Board of Trustees of Wake Forest University approved raising undergraduate tuition by 3.5 percent for the 2010-2011 fiscal year at their winter meeting on campus February 5.
The increase is the smallest percentage increase in tuition since the 1970s.
Undergraduate tuition will increase from the current $38,206 to $39,544 next year. The decision marked a determined effort for the second year to slow the rate of cost increases. Last year, tuition rose by 4.5 percent.
“The University remains committed to keeping costs as low as possible for our students and their families while maintaining the outstanding academic experience that led them to choose Wake Forest,” said President Nathan O. Hatch. “In support of that commitment, we have continued to enforce a 5 percent cut in the administrative budget, begun last year, with additional reductions in some departments. We continue to invest in the academic life of our students by maintaining full funding for core campus initiatives like academic departments, advising and career development.”
For 2009-2010, Wake Forest students will receive more than $75 million in total financial aid, including $47 million from University sources.
Provost Jill Tiefenthaler said, “a culture of opportunity for students who will thrive in this challenging but supportive academic environment has always been a hallmark of Wake Forest.”
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.
Ellen Sterner Sedeno