Student Financial Services

Tuition Insurance Program

An unexpected withdrawal due to sickness or injury can mean significant financial consequences for families. Wake Forest offers an elective tuition insurance program through A.W.G. Dewar, Inc., that will help minimize financial loss if a student suffers a serious illness or accident and must withdraw before the end of a semester. This plan extends and enhances the University’s published refund policy. The last day to purchase this plan is the day before the first day of classes.

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Student Account Refunds

Adjustments to charges, prepayments, financial aid disbursements and overpayments often result in credit balances on student accounts. A credit balance is indicated on the student account statement by parentheses around the balance. Example: ($100). Students should sign up for direct deposit for quicker refund processing.

Visit our website for further information regarding sign-up and the refund process.

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Tax Form 1098-T

A 1098-T will be issued for all students who made payments for qualified tuition and fees during the tax year.

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Workday Student Financials

Workday accounts are automatically set up for all incoming students but are not automatically set up for parents or other third parties due to the Family Educational Rights and Privacy Act (FERPA). Students must authorize parents and others to have access to their accounts; if a student does not set up their parents or others as Authorized Payers (Third-Party Access), only the student will be able to view their student account activity. Being an Authorized Payer (Third-Party Access) within Workday also gives Student Financial Services staff members permission to speak with that individual regarding the student account.

Students access their Workday Student Financials accounts by logging into Workday > View Profile > Student Financials. 

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Prepaid Tuition Plans

Money from a Prepaid or 529 Plan can be used for tuition, fees, books, supplies and equipment required for study at any accredited college, university or vocational school in the United States. Parents/students should notify their Prepaid or 529 Plan of their intent to use the plan for the academic year and provide any necessary documentation. Payment from a Prepaid or 529 Plan needs to be paid to the student account by the established due dates for the semester they apply to; failure to do so could result in registration holds being placed on the account. Depending on the plan, payments typically arrive within 30–45 days.

For more information on Prepaid Tuition Plans and the processes involved, please visit the Sponsored Billing & 529 Plans page of our website