Financing Your MS in Management

Tuition, Scholarships & Financial Aid

Earning a business Master’s degree is a significant investment in your personal and professional development.  At Wake Forest University, we are committed to helping students accomplish this achievement by providing financial assistance through scholarships and governmental and private loan programs.

However you choose to finance your Masters in Management 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.



If you have unanswered questions after reviewing the information provided, please contact the Office of Financial Aid at 336.758.4045, or email at

Guide to Financial Aid – download our brochure on types of available financial aid and frequently asked questions.

2022-2023 Tuition & Required Fees

The Masters in Management degree is a three-semester program that begins in July and ends in May.

Full Tuition
Required Activity/Health Services Fee

Tuition by Semester and Due Dates:

Summer: $6,240 due June 1

Fall: $21,844 due August 1

Spring: $21,844 due December 1

  1. Tuition is reviewed annually and subject to a 3% to 5% increase.
  2. Health insurance is required by the University for all students and offered as an option for those needing coverage. Please visit to see insurance rates for your age band. Dependent coverage is available.

For a full detailed breakdown of tuition, fees, living expenses, and a cost-of-living comparison, visit our beyond tuition page.


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

To view specific information on available scholarships, visit our scholarship page.

Financial Aid

Federal Loans – Completing the FAFSA

Students seeking financial aid must complete the Free Application for Federal Student Aid (FAFSA) online at The Wake Forest University School of Business Title IV Code is E00515. Individuals will not be considered for federal student loans until the FAFSA has been submitted to the U.S. Department of Education and a student aid report is received by the School of Business financial aid office.


The Federal Direct Loan

Federal Direct loans are guaranteed government loans available to all U.S. citizens and legal residents. A completed FAFSA is required to determine eligibility. Students may borrow a maximum of $20,500 in the unsubsidized Direct loan per academic year, and have the option of paying the accruing interest on a quarterly basis while in school. See for additional information, including current interest rates and origination fees.

The Graduate PLUS Loan

Graduate and professional students have an additional, affordable option for funding their education with the Graduate PLUS Loan, which is guaranteed by the federal government and 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 received. A completed FAFSA is required to determine eligibility.

Private Loans

Like federal loans, private 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. Private loans are not based on need; approval is generally based on creditworthiness and ability to repay. Students who do not meet a lender’s credit qualifications or who are not U.S. citizens 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. As with the Graduate PLUS Loan, the maximum amount that may be borrowed is the difference between cost of attendance and other financial aid.

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.

Veterans Affairs Educational Benefits

Wake Forest University welcomes all Veterans and is a partner in the Yellow Ribbon Program, sponsored by the United States Department of Veterans Affairs. Veterans who are 100% eligible for Post 9/11 educational benefits and are eligible for the Yellow Ribbon program can receive up to $15,500 in matching funds from the University per academic year. 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:

For International Students

All International students who have paid their enrollment deposit should anticipate an email to be delivered to your new Wake Forest email address sent from the Wake Forest International Students and Scholars Services team (ISSS). This email will contain detailed instructions on the requirements and forms (including Certification of Finances) that you must complete to receive your I-20 documentation that you will need to obtain your F-1 student visa. Students already in the US that need to transfer their I-20 from their current university will also receive instructions from ISSS to complete that process.

Contact Us

If you have specific questions, please contact the Financial Aid Office at 336.758.4424 or 336.758.4045, or email the Financial Aid team at

Please refer to Wake Forest Student Financial Services for more information on university-wide policies related to student billing, withdrawals and insurance.