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Wake Forest University

Winston-Salem, North Carolina · Private nonprofit · 4-year · City

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At a glance

Average net price
$28,719What students typically pay per year after grants and scholarships.
Acceptance rate
22%
Graduation rate
90%Share of students who finish within 150% of the normal time.
Undergraduates
5,485
In-state tuition
$67,642Published price before aid.
Out-of-state tuition
$67,642
SAT midpoint
Not reported
Median earnings, 10 yrs
$78,158Median earnings of former students ten years after they first enrolled.

Source: U.S. Department of Education College Scorecard. Data year: 2022-23 academic year. Updated September 2026. Figures are averages across all students and will differ from what any individual pays.

How it compares to similar colleges

Each rating covers one measure against private nonprofit 4-year colleges nationally. Five stars means the top fifth on that measure. There is no overall score, because which of these matters is your call.

Affordability

$28,719

Better than 24% of private nonprofit 4-year colleges (1092 compared).

Completion

90%

Better than 95% of private nonprofit 4-year colleges (1063 compared).

Earnings

$78,158

Better than 89% of private nonprofit 4-year colleges (1087 compared).

Debt at graduation

$21,500

Better than 74% of private nonprofit 4-year colleges (1020 compared).

What these ratings are based on
Affordability
Based on average net price: what students receiving federal aid actually paid, after grants and scholarships. Your own cost depends on your family's finances.
Completion
Based on the share of first-time, full-time students who graduate within 150% of normal time. It excludes transfer and part-time students, which understates colleges serving many of them.
Earnings
Based on median earnings ten years after students first enrolled. It reflects the subjects a college teaches and the region it sits in as much as its teaching.
Debt at graduation
Based on median federal loan debt among students who completed. Private and parent loans are not included, so real totals are often higher.
Why there is no rating for selectivity
A lower acceptance rate is selectivity, not quality. Awarding stars for it would be us inventing a value judgement and hiding it behind a number.

What it actually costs

Published cost

$87,499

The sticker price: tuition, fees, housing, food and books for one academic year, before any aid.

Average net price

$28,719

What students receiving federal aid actually paid on average, after grants and scholarships. This is the more useful number, though your own figure depends on your family’s finances.

Use this college’s official net price calculator

Outcomes

Graduation, retention, debt and earnings for Wake Forest University
Graduation rateWithin 150% of normal time90%
Retention rateFirst-year students who return93%
Median debt at graduationFederal loans only, students who completed$21,500
Median earnings, 10 years after entryFormer students, working and not enrolled$78,158

What graduates of each major earn

Median earnings one year after finishing, for people who took that subject here. This is the figure a college-wide median hides: the spread between subjects at one college is usually far wider than the spread between colleges.

Bachelor’s programs at Wake Forest University by graduate earnings
MajorEarnings, 1 yrDegrees awarded
Finance and Financial Management Services$85,944156
Business/Commerce, General$76,722120
Computer Science$75,62567
Economics$56,416110
Political Science and Government$47,161119
Sociology$46,25731
Communication and Media Studies$42,055124
Psychology, General$34,823119
English Language and Literature, General$31,44937
Biology, General$30,66689
Sports, Kinesiology, and Physical Education/Fitness$21,192102
Biochemistry, Biophysics and Molecular BiologyNot reported47
StatisticsNot reported37
PhilosophyNot reported36
Engineering, GeneralNot reported36
Accounting and Related ServicesNot reported34
MathematicsNot reported32
HistoryNot reported31
Fine and Studio ArtsNot reported30
Management Sciences and Quantitative MethodsNot reported27
Romance Languages, Literatures, and LinguisticsNot reported25
ChemistryNot reported22
AnthropologyNot reported14
PhysicsNot reported9
Ethnic, Cultural Minority, Gender, and Group StudiesNot reported8
Natural Resources Conservation and ResearchNot reported8
Environmental/Natural Resources Management and PolicyNot reported7
Teacher Education and Professional Development, Specific Levels and MethodsNot reported7
Area StudiesNot reported5
Liberal Arts and Sciences, General Studies and HumanitiesNot reported4
Drama/Theatre Arts and StagecraftNot reported4
Religion/Religious StudiesNot reported4
Germanic Languages, Literatures, and LinguisticsNot reported4
Classics and Classical Languages, Literatures, and LinguisticsNot reported4
MusicNot reported3
East Asian Languages, Literatures, and LinguisticsNot reported3
Education, GeneralNot reported2
Slavic, Baltic and Albanian Languages, Literatures, and LinguisticsNot reportedNot reported

All 38 bachelor’s programs this college reported.

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