Medical Student Cost of Attendance (COA)
| First Year (10 Months) | Second Year (10 Months) | Third Year (12 Months) | Third Year (Charlotte) | Fourth Year (11 Months) | Fourth Year (Charlotte) | |
| Tuition | $64,947 | $64,947 | $64,947 | $64,947 | $63,672 | $63,672 |
| Books | $1,700 | $1,180 | $1,202 | $1,202 | $1,171 | $1,171 |
| Laptop | $1,222 | - | - | - | - | - |
| Food | $4,800 | $4,800 | $5,760 | $5,760 | $5,280 | $5,280 |
| Health Insurance | $5,310 | $5,310 | $5,310 | $5,310 | $5,310 | $5,310 |
| Loan Fees | $3,110 | $3,036 | $3,170 | $3,328 | $3,050 | $3,192 |
| Lodging | $18,000 | $18,000 | $21,600 | $21,600 | $19,800 | $19,800 |
| Miscellaneous | $1,920 | $1,920 | $2,304 | $2,304 | $2,112 | $2,112 |
| Transportation | $4,750 | $4,750 | $5,700 | $5,700 | $5,226 | $5,226 |
| Utilities | $2,950 | $2,950 | $3,540 | $3,540 | $3,245 | $3,245 |
| Charlotte Allowance | - | - | - | $3,700 | - | $3,388 |
| Total | $108,709 | $106,893 | $113,533 | $117,391 | $108,866 | $112,396 |
Medical Education tuition and fees effective for the 2024 - 2025 aid year.
| Secondary Application Fee Visiting Student Tuition Fee |
$130 $225 |
With appropriate receipts, the following expenses may allow for an increase in cost of attendance:
- Childcare expenses
- Automobile repairs that are not considered routine maintenance
- Health care expenses not covered by medical insurance that are deemed to be extraordinary and unanticipated
- Residency interview or relocation funding (fourth year medical students only)
| First Year (10 Months) |
Second Year (10 Months) |
Third Year (12 Months) |
Third Year (Charlotte) |
Fourth Year (11 Months) |
Fourth Year (Charlotte) |
|
| Tuition | $64,947 | $64,947 | $64,947 | $64,947 | $63,672 | $63,672 |
| Books | $1,700 | $1,180 | $1,202 | $1,202 | $1,171 | $1,171 |
| Laptop | $1,222 | - | - | - | - | - |
| Food | $4,800 | $4,800 | $5,760 | $5,760 | $5,280 | $5,280 |
| Health Insurance | $5,310 | $5,310 | $5,310 | $5,310 | $5,310 | $5,310 |
| Loan Fees | $3,110 | $3,036 | $3,170 | $3,328 | $3,050 | $3,192 |
| Lodging | $18,000 | $18,000 | $21,600 | $21,600 | $19,800 | $19,800 |
| Miscellaneous | $1,920 | $1,920 | $2,304 | $2,304 | $2,112 | $2,112 |
| Transportation | $4,750 | $4,750 | $5,700 | $5,700 | $5,226 | $5,226 |
| Utilities | $2,950 | $2,950 | $3,540 | $3,540 | $3,245 | $3,245 |
| Charlotte Allowance | - | - | - | $3,700 | - | $3,388 |
| Total | $108,709 | $106,893 | $113,533 | $117,391 | $108,866 | $112,396 |
How is Cost of Attendance determined?
Cost of Attendance is the total amount of aid, including scholarships, grants and loans, that you are eligible to receive for the entire year. The Cost of Attendance is derived based on living expenses in the Winston-Salem area and information from student surveys. The amount provided each year allows a Wake Forest University School of Medicine student to live comfortably alone, not luxuriously. Cutting costs in any way, including getting a roommate, budgeting money for food and other expenses, and living as frugally as possible are recommended.
It is not required that you accept the full Cost of Attendance each year. The amount you accept is flexible. You are allowed to return funds if you accept too much or request more if you run short as long as you stay within the Cost of Attendance.
Financial Aid and Scholarships
We understand that medical school can be expensive and we are proud to offer a variety of MD Program-specific scholarships and traditional financial aid to make your experience affordable and enjoyable. Additionally, students are encouraged to apply for forgivable service loans.
Wake Forest University School of Medicine Dean's Medical Excellence Scholarship
The scholarship recognizes the academic achievement and potential of students who, through sharing their varied cultural perspectives, will enhance the education of all school of medicine students and the excellence of the school of medicine. If you are awarded a Dean’s Medical Excellence scholarship, it is renewable each year; contingent on meeting satisfactory academic progress (SAP) and satisfactory professional conduct. All accepted students are considered for the Dean’s Medical Excellence Scholarship with the submission of their secondary application. There are no separate application requirements.
The school of medicine awards approximately 250 scholarships from our endowed resources each year. A listing of our endowed scholarships can be found here. The majority of these scholarships are based on demonstrated financial need and require annual reapplication.
The deadline for Need-Based Scholarships is March 15th of each year.
Students (incoming and current) are encouraged to apply for need-based scholarships each year while in medical school. Information needed includes the current year's FAFSA (school code E00524. Please sign for approval to transfer federal tax information from the IRS for student/spouse 2022 tax AGI) and the CSS Profile (the profile is needed from all incoming students and current students who have never applied for need based scholarships). Copies of applicant and parental income tax returns may be requested.
Need-Based Scholarship Application Process
Deadline: March 15 — regardless of acceptance status or class year.
| Application Submission | ||
|---|---|---|
| FAFSA Available | December 31 | |
| CSS Profile Available | October 1 | |
| Financial Aid Need-Based Application Deadline | March 15 | |
| Award Notification | ||
| Financial aid Award Letters Emailed | Between April 10 - 25 | |
Disbursement Dates |
||
| Federal Loan Disbursement Dates (Refunds to students are direct deposited within 14 days of disbursement date) |
Date student receives refund | |
| MS1 - Fall 2024 | July 11, 2024 | July 19, 2024 |
| MS2 - Fall 2024 | July 15, 2024 | July 19, 2024 |
| MS3 -Fall 2024 | May 20, 2024 | May 24, 2024 |
| MS4 - Fall 2024 | May 13, 2024 | May 17, 2024 |
| MS1 - Spring 2025 | December 9, 2024 | December 13, 2024 |
| MS2 - Spring 2025 | December 16, 2024 | December 20, 2024 |
| MS3 - Spring 2025 | November 11, 2024 | November 15, 2024 |
| MS4 - Spring 2025 | October 28, 2024 | November 1, 2024 |
| 120 Day Federal Loan Excess Fund Return | ||
| MS1 - Fall 2024 | October 21, 2024 | |
| MS2 - Fall 2024 | October 21, 2024 | |
| MS3 - Fall 2024 | August 28, 2024 | |
| MS4 - Fall 2024 | August 21, 2024 | |
| MS1 - Spring 2025 | March 19, 2025 | |
| MS2 - Spring 2025 | March 26, 2025 | |
| MS3 - Spring 2025 | February 19, 2025 | |
| MS4 - Spring 2025 | February 5, 2025 | |