Online Tuition & Financial Aid

Earning a Master of Science in Business Analytics (MSBA) is a significant investment in your personal and professional development.  At Wake Forest University, we are committed to helping students by providing financial assistance through scholarships and governmental and private loan programs.

However you choose to finance your MSBA degree, please know that we are here to help you throughout the process. With that in mind, we have provided details below about tuition, scholarships and financial aid, including loan options.

Tuition, Fees and Other Program Costs

$1,419 per credit 36 Credits Estimated Tuition*: $51,084

*Based off of current per credit costs and 36 program credits (total).  Tuition is reviewed annually and subject to a 3% to 5% increase.

Tuition for the MSBA program includes all student fees, simulations, and technology platform licensing and support. Books are not included in the tuition cost.

Immersion costs, with the exception of travel (airfare, gas, car rental etc) to and from Winston-Salem, North Carolina, are included in the cost of tuition.

Applicants admitted to the MSBA online program will be required to submit a $1,000 non-refundable deposit. The deposit amount is refunded back to the student at the point of matriculation as a credit towards their tuition.


Each year the School of Business awards scholarships to eligible, deserving applicants who we feel would benefit greatly from a Wake Forest School of Business education and contribute significantly to the intellectual and civic life of the University. Award decisions are based on considerations including academic merit, financial need, and individual award criteria.

Financial Aid

Federal Direct loans are government loans available to all U.S. citizens and legal residents.  A completed FAFSA is required to determine loan eligibility.  See for additional information.

The Graduate PLUS Loan is an additional loan option for graduate and professional students. The Grad PLUS has a fixed interest rate and eligibility is determined, in part, by your personal credit history. A completed FAFSA is required to determine eligibility.

Like federal loans, private or alternative education loans are designed to help students who need financial assistance with educational costs. In most cases, it is advantageous for students to first pursue Unsubsidized Federal Direct Loans and Federal Graduate PLUS Loans before seeking private loans. Unlike federal loans, private loans do not require a FAFSA to apply.  Private loans are not based on need; approval is generally based on creditworthiness and ability to repay. Some students may need to apply with a credit-worthy co-signer. Interest rates, grace periods, repayment options and fees are determined by the lender and can vary considerably from lender to lender.

Wake Forest partners with Elm Resources to provide a list of private lenders based on the quality of products and services they provide to students. However, if you wish to use another lender that is not on this list, you have the right to do so. International students will find a lender option that does not require a U.S. co-signer.

Wake Forest University is a partner in the Yellow Ribbon Program, sponsored by the United States Department of Veterans Affairs. Eligibility for Veteran’s benefits is assessed by the VA. We advise students to visit the VA website or their local VA office to begin the process for obtaining a “Certificate of Eligibility.” This COE must be shared with the financial aid office staff so funds can be requested on your behalf. For more information, visit:

Contact Us

If you have specific questions, please contact Linda Higgins, Associate Director of Financial Aid, at 336.758.4424, or Michelle Van Meter, Financial Aid Officer, at 336.758.4045, or email the Financial Aid Office at