The Wake Forest University Board of Trustees on Oct. 10 approved new undergraduate tuition and housing costs for the 2004-2005 fiscal year. The board also approved a new $100 undergraduate student activity fee that will go into effect for 2004-2005.
Full-time undergraduate tuition will increase 6.5 percent to $28,210. This year, tuition is $26,490.
The automobile registration fee will be $250 for 2004-2005. Currently, it is $225.
Wake Forest’s current undergraduate tuition is among the lowest of the 52 “most competitive” private higher education institutions listed in Barron’s Profile of American Colleges. Only six institutions on the 2003-2004 list have lower tuition.
In 2002-2003, 68 percent of Wake Forest undergraduates received financial aid. Thirty-two percent of undergraduates received need-based financial aid. Of North Carolina undergraduates, 46 percent received need-based aid.
The average award of all financial aid recipients was $17,717 during 2002-2003. The average need-based award was $23,785 during 2002-2003. More current figures are not available, yet, regarding financial aid.
Trustees approved the activity fee for undergraduates following a recommendation by Student Government. Half of the fee will be used for student programming and activities. The remainder will be earmarked for a possible student recreation center that is being studied by administration and Student Government. The recreation center is a long-range planning project which has not been approved by the board of trustees, and would not be funded in the near future.
Student housing costs on campus will increase 7.3 percent to 8.9 percent, depending on the type of room and hall.
The trustees have not taken action on tuition for graduate and professional schools.
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