For questions related to scholarships, tuition, and/or financial aid, please contact Donna Agee by phone (336) 758-4424, e-mail, or AIM instant messager WFUDAgee.
Tuition
This tuition and expense budget covers a 9-month academic year and should be considered when determining the eligibility for student loans (total program cost minus scholarship minus expected family contribution = loan eligibility). This estimated budget of a "typical" full-time MBA student will help you to project your financial picture. Tuition is reviewed annually and subject to change.
Please note that tuition includes a laptop. Minor adjustments may be necessary to fit your individual circumstances, but the overall budget is firm. Note: Living expenses vary widely. These are estimates for single students. Married students should contact the financial aid office for information regarding adjustments for spouses and children.
Tuition & Expenses 2009-2010 |
Tuition (includes a laptop) for students starting in 2009 | $36,750 |
Living Expenses | $16,400 |
Books/Supplies | $2,000 |
Required Fees | $300 |
Health Services Fee SEVIS Fee (Int'l Students only) | $316 $100 |
Total | $55,866 |
Financial Aid
Students have a number of options available to finance the cost of earning an MBA. Wake Forest MBA makes every effort to provide financial assistance to qualified students through merit-based scholarships, assistantships during the second year, and private and governmental loan programs. We make scholarship and admission decisions simultaneously and do not have a separate application for scholarship consideration. More than 50 percent of the student body received some form of scholarship assistance. Here are six of our most prestigious scholarship programs:
Scholarships
Bern Beatty Scholars Program
Consideration for this full-tuition scholarship program is given to applicants with promise for contributing to society, including MBA classmates, through ethical application of capitalistic ideas. Candidates are evaluated on life experiences and achievement. Recipients will be given priority for summer internships with EchoStar Communications (Dish Network) when internships are available.
Dean’s Scholars Program
These full-tuition plus stipend scholarships are awarded to candidates who have demonstrated exceptional leadership in academic and professional endeavors; have GMAT scores of 650 or higher and at least two years of significant work experience.
Dingledine Scholar for Positive Social Impact
This award was made possible by a donation from Tom Dingledine (MBA '78). The purpose of this full-tuition, two year scholarship award is to recognize an incoming Full-time MBA student with a minimum of two years of post-graduate work experience in a not-for-profit organization or agency. Consideration will also be given to those who have demonstrated a commitment to the community through volunteer work or social outreach. We believe the recipient of the Dingledine Scholar for Positive Social Impact award will be able to significantly enrich the program through their participation. Candidates are encouraged to complete the FAFSA, as first priority for awarding the scholarship is given to those who demonstrate financial need.
Forte Foundation Scholars Program
Wake Forest University is a member of the Forte Foundation (www.fortefoundation.org), a consortium of major companies, top business schools and influential nonprofit organizations created to promote and inspire women leaders. Applicants who have demonstrated a commitment to women and girls via mentorship or community involvement are strong candidates for these awards.
Wachovia Scholars Program
This program, made possible by a gift from Wachovia Corp., provides scholarships and career assistance to MBA students for the purpose of creating a more diverse student body. The program offers scholarships to under-represented full-time students and includes a full-tuition waiver, stipend and international summer study trip. Students who have an interest in finance are particularly good candidates for this award program.
Latin American Scholars Program
This program includes a full-tuition scholarship and sponsorship to the annual National Society for Hispanic MBAs (NSHMBA) Conference. International students from Latin America who have at least three years of full-time, post-graduate work experience are eligible. Preference will be given to those candidates with experience in a multi-national corporation and who have demonstrated exceptional leadership skills.
Loan Programs
Federal Student Aid
Students seeking financial aid should complete the Free Application for Federal Student Aid (FAFSA) online at www.fafsa.ed.gov. The Schools of Business Title IV Code is E00515.
Individuals will not be considered for student loans until the FAFSA has been submitted to the U.S. Department of Education and a student aid report is received by the Schools of Business financial aid office.
The Stafford LoanStafford loans are guaranteed government loans available to all U.S. citizens and legal residents who have not defaulted on a previous student loan. The subsidized Stafford Loan allows a student to borrow as much as $8,500 for each year of study up to a maximum of $65,500 (including graduate and undergraduate study). This loan is available to applicants who qualify on the basis of federally published needs criteria, which can be found at www.finaid.org/loans . The federal government pays the interest on the loan while the student is enrolled full time. There is a six-month grace period after the student leaves school. A completed FAFSA is required to determine eligibility.
The Unsubsidized Stafford Loan
Students may borrow a maximum of $20,500 a year minus any federally subsidized Stafford Loan amount. A student pays the interest on a quarterly basis while in school. There is a six-month grace period after the student leaves school. A completed FAFSA is required to determine eligibility.
Grad PLUS
Graduate and professional students have a new option in funding their higher education: The Federal Graduate PLUS Loan. This low-interest loan, guaranteed by the federal government, is one of the most affordable ways to pay for school. Grad PLUS has a fixed interest rate. Eligibility for this loan is not based on household income, assets or financial need, but it is determined, in part, by your personal credit history. Many students with limited or no credit history can qualify. An eligible student can borrow up to the cost of attendance minus any other aid. A completed FAFSA is required to determine eligibility.
Lender List:
To assist students in selecting a lender, the Schools of Business has partnered with Simple Tuition to provide comprehensive loan information.
http://www.simpletuition.com/mbawfu/home
VA Educational Benefits
These benefits are available for qualified veterans. Eligible veterans should contact Ronda Hirtzel at (336) 758-5037 or ronda.hirtzel@mba.wfu.edu to obtain the appropriate application forms.
Other Loans
The financial aid office has information about several private lenders who have designed loan packages to meet the needs of students earning an MBA. These loans allow students to borrow up to the full cost of attending the Schools of Business minus any other aid received. Repayment begins a minimum of six months after graduation or when a student's enrollment drops to less than half time.
Other Sources of Aid
For individuals willing to do the research, special scholarship funds are sometimes available. These sources include:
Disputed Balances
If the University deems it necessary to engage the services of a collection agency or attorney to collect, or to settle any dispute in connection with, an unpaid balance on a student account, the student will be liable for all collection agency and/or attorney's fees, reasonable expenses and costs incurred.
