Wake Forest University Scholarships (2025–2026) | Costs, Merit & Aid Guide

Wake Forest University Scholarships (2025–2026)

← Back to the University Scholarships hubSee North Carolina state aid

What This Page Covers:
  • Tuition, housing, and what families actually pay on average
  • Automatic and competitive merit scholarships
  • Full-tuition and full-ride programs for top applicants
  • Need-based aid and honors opportunities

📊 Admissions Snapshot

  • Acceptance Rate: ~21%
  • Middle 50% GPA (weighted): Not reported
  • Middle 50% SAT: 1410 – 1520
  • Middle 50% ACT: 32 – 34

Sources: WFU Admissions facts & updates; WFU news page citing most recent SAT/ACT mid-50%. Middle 50% = range where half of admitted students fall.

Comparing multiple schools? Try the Scholarship Tool to search by GPA, test scores, and state →

📌

Wake Forest University at a Glance

🏆 The Carswell, Reynolds, and Stamps Scholarships cover full tuition or more — see Flagship (Competitive) for details.
Average Net Price
$28,746
What families actually paid on average (College Scorecard/IPEDS)
Merit Scholarships
Carswell, Reynolds, Stamps, Gordon, & other competitive awards
Highly selective; most do not require a separate application
Typical Qualifiers
Top academics plus leadership/service; finalists often among top of class
Holistic review; test scores considered if submitted
Testing Policy
Test-optional (since 2008); superscoring accepted if submitted
Applicants choose whether to include SAT/ACT
Key Deadlines
Priority merit consideration: Nov 15 • ED I: Nov 15 • RD/ED II: Jan 1
FAFSA/CSS priority filing: Nov 15 (ED I/EA) • Jan 1 (RD/ED II)
Honors & Scholars
Invitation-only merit cohorts with research & leadership enrichment
Includes faculty mentorship and summer funding
Full-Tuition / Full-Ride
Carswell (full tuition) • Reynolds (full tuition) • Stamps (full cost)
Awarded to a very small share of admits
Residency & Waivers
Private university — same tuition for all students
NC residents may add outside/state grants if eligible
Wake Forest is test-optional and meets full demonstrated need for admitted students who meet aid filing timelines. Competitive merit awards (Carswell, Reynolds, Stamps) are limited and exceptionally selective.
Last verified: October 2025

Wake Forest University blends small-college attention with ACC-level opportunities—and it offers a handful of highly selective merit programs such as the Carswell, Reynolds, and Stamps Scholarships. While most aid is need-based, top applicants may receive awards that cover full tuition or the full cost of attendance.

Use this guide to see how Wake Forest evaluates students for its top scholarships, which deadlines matter most, and how to combine merit with need-based aid for the best possible net cost.

FAQ

Is this college test-optional? Yes — Wake Forest has been test-optional since 2008; applicants choose whether to submit SAT/ACT scores.

What is the middle 50% GPA/SAT/ACT? GPA: Not reported; SAT: 1410–1520; ACT: 32–34.

What’s the average net price? Around $28,746 after grants and scholarships (latest College Scorecard/IPEDS).

Does this school offer reciprocity or waivers? No — as a private university, Wake Forest charges the same tuition for all students, though North Carolina residents may stack external state grants or donor-based aid.

Sources:
University Admissions facts & updates (acceptance rate and deadlines): https://admissions.wfu.edu/facts/
Admissions update (avg test submitter scores): https://admissions.wfu.edu/2025/03/an-update-from-admissions-4/
Test-optional policy page: https://admissions.wfu.edu/become-a-deacon/test-optional/
Priority merit consideration & aid filing dates: https://financialaid.wfu.edu/applying-for-aid/
Signature/competitive scholarships overview: https://scholars.wfu.edu/signature-scholarships-and-partners/
Stamps Scholarship at WFU: https://financialaid.wfu.edu/types-of-aid/scholarships/
Average net price (College Scorecard): https://collegescorecard.ed.gov/school/?199847-Wake-Forest-University=
WFU news page citing SAT/ACT mid-50%: https://news.wfu.edu/wake-in-the-news/u-s-news-ranks-wake-forest-among-top-30-universities/

💰 Cost of Attendance at Wake Forest University

Category All Students (Private University)
Tuition & Mandatory Fees $70,332
Housing & Meals $19,054
Total (Before Aid) $89,386

Notes: The table shows direct, billed costs only (tuition, required fees, standard on-campus housing, and a typical meal plan). Other education expenses—Books & Supplies ($1,718), Personal/Misc. ($1,880), Travel ($1,550), and average Federal Loan Fee ($66)—are not paid directly to Wake Forest. They are financial-aid allowances and therefore excluded from the billed-cost table above.

Average Net Price: $28,746 (2022–23 College Scorecard). This is what families actually paid on average after grants and scholarships—no loans included.
No In-State Discount: Because Wake Forest is a private university, costs are the same for all students regardless of residency.

Regional reciprocity programs like WUE, MSEP, or NEBHE do not apply here.

Cost of Attendance FAQs

Who qualifies for in-state tuition? Nobody—Wake is private, so tuition is the same no matter where you live.

How much do most families actually pay? Around $28,746 per year on average after scholarships and grants (College Scorecard).

Are there regional discounts or state exchange programs? No. Wake Forest sets one tuition rate nationwide.

Do I need the CSS Profile? Yes, some competitive scholarships and all need-based aid at Wake require the CSS Profile. See our step-by-step CSS Profile guide for parents before you file.

Sources:
University COA page (Undergraduate): https://financialaid.wfu.edu/cost-of-attendance/undergraduate/
Admissions affordability page (2025–26 estimates): https://admissions.wfu.edu/affordability/
College Scorecard (Average net price): https://collegescorecard.ed.gov/school/?199847-Wake-Forest-University=

✅ Automatic Merit Scholarships

Wake Forest does not publish admission-based automatic merit tiers by GPA/test score. University-level awards here are highly selective and committee-based (see Competitive Scholarships).

Scholarship Award Amount Eligibility Separate App? Renewable? Who Actually Wins?
Wake Forest does not offer automatic merit by GPA/test; selection for institutional merit is holistic and highly competitive. Top academic and leadership profiles are considered via the admission file; see Competitive Scholarships.

Note: Wake Forest participates in the Stamps Scholarship program and sponsors National Merit awards. These are competitive (not automatic) and are detailed in the next section.

Automatic Merit FAQs

Does Wake Forest award automatic merit based on GPA or test scores?
No. Wake does not publish automatic merit tiers. Fewer than 3% of first-year applicants receive institutional merit, and selection is holistic through the admission process (priority review typically by November 15).

Is Wake Forest test-optional? Will you superscore?
Yes—Wake has been test-optional since 2008. If you choose to submit scores, Wake Forest accepts self-reported scores and will superscore if you test multiple times (you’re asked to report all test sittings; official scores are required upon enrollment).

Can institutional merit stack with other aid?
Wake coordinates institutional funds within the total Cost of Attendance. Stacking specifics vary by award and overall aid package; confirm final terms with Financial Aid when an offer is issued.

* Per Undergraduate Admissions: “If you take a test multiple times, please simply be sure to report all test scores to us; we will superscore them.”


Sources:
Wake Forest Financial Aid — Scholarships: https://financialaid.wfu.edu/scholarships/
Wake Forest Scholars Office: https://scholars.wfu.edu/
Stamps Scholarship program: https://stampsscholars.org/
Deadlines and policies: https://scholarships360.org/college-scholarships/wake-forest-university-scholarships/

🏆 Competitive Scholarships

Wake Forest’s competitive scholarships are highly selective and limited. Fewer than 3% of incoming students receive one of these awards. Most cover full tuition or full cost of attendance and require committee review and, often, finalist interviews. Admission by November 15 is the key date for priority consideration.

Scholarship Award Amount Eligibility Separate App? Renewable? Who Actually Wins? Deadline
Stamps Scholarship Full COA + enrichment (≈$15,000 over 4 yrs) All admitted students; exceptional academics + leadership; finalist interview No Yes (good standing required) Students with near-4.0 GPAs (weighted) and national-level leadership/service Nov 15
Nancy Susan Reynolds Scholarship Full COA + up to $5,000 summer funding (3 summers) First-year admits; extraordinary scholarship + leadership; finalist interview No Yes Near-perfect GPAs, AP/IB rigor, significant leadership/service Nov 15
Guy T. Carswell Scholarship Full COA + $5,000 summer funding First-year admits; academic excellence + leadership; finalist interview No Yes GPA typically 3.9+, demanding coursework, major leadership/service Nov 15
Graylyn Scholarship Full COA + $5,000 summer funding (≈1 award/yr) All admits; extraordinary achievement; finalist interview No Yes Single recipient, near-perfect grades/test scores, leadership/service that stands out nationally Nov 15
Leadership & Character Scholarship Full COA First-year admits who also qualify for need-based aid; exceptional moral leadership No (via admission + need application) Yes Leadership in service/nonprofits, need-qualified Nov 15 (aid forms Jan 1)
Presidential Scholarship for Distinguished Achievement $16,000/yr Advanced talent in art, dance, debate, music, or theatre Yes (portfolio/audition; finalist interview) Yes State/national achievement and ongoing campus engagement expected Nov 15 (priority); Jan 4 (final)

Note: Wake Forest is a Stamps Scholarship partner and recognizes National Merit scholars with institutional awards. Wake is also a QuestBridge partner for the National College Match.

Departmental, donor-specific, and identity/need-based awards (e.g. Poteat) are covered in 💎 Hidden Gem Scholarships.

Competitive Scholarship FAQs

How many students actually win these scholarships?
Fewer than 3% of first-years. Signature awards go to a very small group—often fewer than 50–60 total among all programs.

Do I need to apply separately?
Most require only your admission file (deadline: Nov 15). For the Presidential Scholarship, a separate application with portfolio/audition must be submitted (portal closes Jan 4).

Are these scholarships renewable?
Yes, for recipients in good academic/program standing.

Can awards stack with other aid?
Full-cost awards replace other institutional grants but may combine with outside/private funds up to the cost of attendance.


Sources:
Wake Forest Financial Aid — Scholarships: https://financialaid.wfu.edu/scholarships/
Presidential, Stamps, Reynolds, Carswell, Graylyn: https://scholars.wfu.edu/
Talent/Presidential Application: https://admissions.wfu.edu/afford/presidential-scholarship/
Music/Arts: https://music.wfu.edu/scholarships/
Deadlines: https://admissions.wfu.edu/apply/first-year-students/
Enrichment funds: https://scholars.wfu.edu/enrichment-funds/

💎 Hidden Gem Scholarships

Beyond headline scholarships, Wake Forest students can tap into special programs and niche awards tied to research, study abroad, ROTC, and identity-based support. These won’t show up in the standard merit chart but can make a real difference when stacked with other aid.

Scholarship/Program Award Amount Eligibility Separate App? Renewable? Who Actually Wins? Deadline
Army ROTC Scholarships Full tuition and fees (or room & board) + $1,200 book stipend + $420/mo stipend Enrolled in ROTC; meet Army standards Yes (national ROTC app) Yes (up to 4 years) GPA 3.0+, strong fitness, leadership Oct 13, Jan 19, Mar 16
Air Force ROTC (via NC A&T detachment) Full/partial tuition + book stipend + $420/mo stipend WFU students in AFROTC through NC A&T Yes (national AFROTC app) Yes STEM/leadership, meets standards Jan 12
Leadership & Character Scholarship Full cost of attendance Admits qualifying for need-based aid, moral leadership No (auto in admission+CSS/FAFSA) Yes Sustained service, strong need Nov 15 (admission); Jan 1 (aid)
Magnolia Scholars (First-Gen) Portion of tuition, fees, housing/meals + grants Admitted first-gen students No (automatic in admissions) Yes First-gen, strong essays, recs Nov 15
Presidential Scholarship for Distinguished Achievement $16,000/year Talent in art, dance, debate, music, theatre Yes (portfolio/audition) Yes National/state adjudication, campus involvement Nov 15 (priority); Jan 4 (final)
Tang Family Band Scholarship Annual award (not posted) Band commitment both semesters Yes (Band nomination) Yes Marching/Pep Band, returning students April 1
URECA Research Fellowships $4,000 + housing + $500 supplies Undergrads w/faculty-mentored research Yes (URECA app) No (summer, reapply possible) Strong research plan & mentor Feb 14
URECA Arts & Humanities Fellowships $2,000 for 5wk program + housing Sophs-seniors, creative/humanities project/mentor Yes (URECA app) No Creative/humanities research, advisor Mar 19
Study Abroad Scholarships (CGPS) ≈$2,000/term; up to $5,000/program for need/merit Approved for credit-bearing study abroad Yes (CGPS app) No (per term) Upperclassmen, academic goals abroad, financial criteria considered Dec 1 (Winter/Spring); Mar 1 (Summer); Oct 15 (fall)
URECA Travel Grants Covers conference travel costs Presenting research at confs Yes (URECA app) No (one-time) Accepted presentations at academic conferences Rolling

Disclaimer: All deadlines published here are for 2025–26 and reflect the most current guidance from Wake Forest and national scholarship platforms. Confirm specifics for your year/program.

  • Music Department prizes (e.g., Giles-Harris competitions)
  • Named departmental scholarships for continuing students (Classics, German & Russian, Math, etc.)
  • Various donor-funded need-based scholarships awarded through Financial Aid (no separate app needed)

Note: Wake Forest is also a QuestBridge partner, which can cover full demonstrated need for matched students.

Hidden Gem FAQs

Can ROTC scholarships be combined with Wake Forest aid? Usually yes, up to full COA. Institutional grants may be adjusted to ensure all tuition is covered without over-award.

What is the Magnolia Scholars deadline? Magnolia selection is through the Nov 15 undergraduate admissions and aid application deadline.

When should I apply for URECA or study abroad awards? The main URECA Research Fellowship deadline is Feb 14; Arts & Humanities is Mar 19. Study Abroad scholarships vary: Dec 1 (Winter/Spring), Mar 1 (Summer), and Oct 15 (Fall) for most major campus-managed programs.

Who wins URECA or travel grants? Juniors/seniors with strong project proposals and faculty support; travel grants are competitive, but consult with URECA early and apply as soon as you have conference acceptance.


Sources:
Wake Forest Army ROTC: https://rotc.wfu.edu/scholarship-information/
Magnolia Scholars: https://firstintheforest.wfu.edu/magnolia-scholars/
URECA Research: https://ureca.wfu.edu/research-fellowship/
Study Abroad: https://studyabroad.wfu.edu/funding-study-abroad/
Presidential/Arts: https://admissions.wfu.edu/afford/presidential-scholarship/
Tang Family Band: https://music.wfu.edu/scholarships/

🎖️ Honors College

Wake Forest does not run a separate “Honors College.” Instead, honors opportunities are offered through individual departments and an interdisciplinary honors track. For motivated students, these programs provide the chance to dive deeper into a subject, work closely with faculty, and complete a senior thesis or capstone project.

What a Typical Wake Forest Honors Student Looks Like:
GPA in the 3.3–3.5+ range (e.g., 3.3 overall and 3.5 in the major for history, 3.5 in English, 3.7 in philosophy), strong grades in upper-level courses, and a clear interest in independent research or a thesis project. Students typically apply or are invited after demonstrating readiness in upper-level coursework.
Perks of Wake Forest Honors:
Small seminars, one-on-one faculty mentorship, priority access to research grants (including URECA and departmental funds), thesis recognition on your transcript, and eligibility for additional departmental or research fellowships. Interdisciplinary honors options include seminar sequences and a major faculty-advised capstone.

Honors FAQs

Is admission automatic?
No. Students generally apply (or are nominated) for honors in their department once they have a qualifying GPA and have completed major prerequisites. The interdisciplinary program requires a written request to the Honors Committee by the end of junior year.

Does completing honors add extra time?
Not usually. Honors seminars and thesis work are built into upperclass years, and most students graduate on time within four years.

Are there scholarships tied to honors?
Not centrally. Many departments offer additional funding, travel grants, or endowed awards for strong honors students; these appear in Hidden Gem Scholarships or departmental listing.

When should I apply?
Application timing varies: for most programs, sophomore or junior year, after completing the required core and establishing a GPA in the major (common deadlines: March/April for fall distinction, October/November for December graduates).


Sources:
Departmental Honors—History: https://history.wfu.edu/undergraduate/honors-program/
Departmental Honors—English: https://english.wfu.edu/the-honors-program-in-english/
Departmental Honors—Philosophy: https://philosophy.wfu.edu/academics/honors-program/
Interdisciplinary Honors Track: https://bulletin.wfu.edu/courses/hon/
Thesis deadlines, GPA: https://bulletin.wfu.edu/college/#honorstext
URECA research funding: https://ureca.wfu.edu/research-fellowship/
General honors program info: https://college.wfu.edu/funding-opportunities/

⭐ College Specialty

Wake Forest blends the feel of a small liberal arts college with the reach of a national research university. Parents often hear about Wake’s close-knit classes, but the school also shines in professional programs, global engagement, and business outcomes that rival larger universities.

Standout Program:
Accounting (School of Business) — Consistently ranked among the very top in the nation for CPA exam pass rates (83–90% in recent years), Wake’s program places graduates directly into Big Four firms and top finance roles.
  • Study Abroad Participation: Ranked #3 nationally for percentage of undergraduates studying abroad (IIE Open Doors 2023–24), with more than 70% earning credit overseas.
  • Engineering at Wake Downtown: One of the few liberal arts–grounded B.S. Engineering programs in the country, located alongside the School of Medicine in the Innovation Quarter.
  • Biological Sciences & Pre-Health: Proximity to Wake Forest School of Medicine and affiliated research centers gives undergraduates early access to labs and health research.

Research Classification: Wake Forest is classified as an R2: Doctoral University — High Research Activity, which signals strong research opportunities for undergraduates though not at the largest R1 scale.


Final Thoughts

Wake Forest can look intimidating on paper with its high sticker price and selective scholarships, but families should know the school also commits to meeting full demonstrated need and offers hidden funding routes like ROTC, research fellowships, and study abroad grants. If your student is drawn to small classes, global learning, and standout business or pre-health programs, this page gives you the numbers and programs you’ll actually want to compare. Take what’s here, pair it with our state aid guide, and you’ll have a clearer picture of whether Wake Forest fits your student’s goals and your family’s budget.

Was this helpful? Share it with another parent who’s comparing college costs!

[last_updated]

Back to top ↑


Scroll to Top