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Wake Forest University Financial Aid

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The best schools for financial aid all have one thing in common: options. At Wake Forest, you can explore multiple ways to pay for your education. Explore your options.
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Understanding the Cost of Your MAC Degree

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The online Master of Arts in Counseling (MAC) program at Wake Forest University is designed to prepare you for meaningful work in the counseling profession. Tuition for the program is $1,700 per credit hour. To explore the full cost of pursuing your MAC — including tuition, fees, and estimated living expenses — visit our Cost of Attendance page for a detailed breakdown.
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Tuition Payment Options

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Wake Forest University provides students online access to their financial accounts via Workday Student Financials.

The Workday Student Financials page allows students and users with Third-Party Access to view their student account activity, print account statements, view 1098-T tax forms, and initiate payments. Payments are made via e-check through an automated clearing house.

Workday accounts are automatically set up for all incoming students. Once you receive your Wake Forest email address, you will be able to sign in using that email. Students can access their Student Financials page by logging into Workday, clicking View Profile and then selecting Student Financials.

For international students, Wake Forest University has partnered with Flywire and Western Union to streamline the tuition payment process.

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Third-Party Payers

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Wake Forest University permits students to set up DEAC accounts for authorized users, such as an employer who is paying the student’s tuition. Authorized users can make online payments on behalf of the respective student. To set up an authorized user account, students must begin the process online by vising the Sponsored Billing page on our website.
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Account Responsibility

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Students are financially responsible for making payment to the university. Failure to receive a statement does not warrant exemption from the payment of tuition and fees or from penalties and restrictions. Failure to pay balances due on a student’s account may result in a financial hold or dismissal from the program. This hold will prevent registration and processing of official transcripts. This hold does not prevent transmission of grades.
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Financial Aid Process

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Students enrolled in the online Master of Arts in Counseling or Master of Arts in Human Sciences program may be eligible for federal financial aid provided they are enrolled at least half time (4.5 credit hours for graduate students) in a degree seeking program.

Students who are unclassified, non-degree seeking students or enrolled less than half-time are ineligible for federal aid.

To receive any federal loan, a student must be accepted or enrolled in a degree or certificate program. Admittance to a graduate program as a “Special Student” does not meet the admission criteria to qualify for federal financial aid.

To be considered for federal financial aid, a student must complete a Free Application for Federal Student Aid (FAFSA). A student may submit a FAFSA at any time during the academic year.

FAFSAs are available online at: http://fafsa.ed.gov/.

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Financial Aid and the Wake Forest Academic Year

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Graduate and undergrad financial aid awards are assessed for the academic year, which consists of the fall, spring and summer semesters. Here’s a breakdown:
  • If a student is admitted into the program beginning in the fall semester, his or her award will consist of a fall/spring/summer award package.
  • If the student is admitted in the spring semester, the award will consist of a spring/summer award.
  • Summer admits will receive a summer semester award and will need to complete a new FAFSA to be considered for aid for the upcoming fall/spring/summer academic year.
  • A FAFSA must be submitted each academic year to determine federal aid eligibility.

The standard time for the Department of Education to process and release a FAFSA to a college or university is 5-10 business days.

Students do not need to be admitted to the university to submit the FAFSA, but financial aid eligibility will not be assessed until the student has been officially accepted by the Wake Forest Department of Counseling and registered for classes.

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Start Your Journey. Finance Your Degree.

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