Financial Aid

Dollars and Sense.

Navigate your best financial path! Browse the bolded topics, then visit for detailed information or step-by-step instructions.


Phone: 336.758.5154
Fax: 336.758.4924

P.O. Box 7246, Winston-Salem, NC 27109

Reynolda Hall 4
Monday-Friday: 8:30 a.m. – 5 p.m.


Improve Your Financial Literacy & Financial Wellbeing!

Visit to learn how to make informed financial decisions throughout your college years and into your professional life.

Know the Status of Your Financial Aid Record!

We will contact you only when necessary to help ensure your maximum eligibility and timely receipt of aid funds. To ensure that you do not miss important messages, please check your WFU email regularly for messages

Use WIN to view your aid status and awards. Pay attention to any unsatisfied disbursement requirements, which will delay your receipt of funds.

Student Financial Aid (provides awards notifications) is a separate office from Student Financial Services (provides student billing). Once all disbursement items are satisfied, most aid funds pay to students’ DEAC accounts near the beginning of each semester. Student Financial Services provides information about DEAC (including how to set up a parent as an authorized payer) and instructions about student refunds (be sure to sign up for direct deposit) and Deacon Dollars (which can be used to purchase textbooks at the College Bookstore). Aid showing in DEAC as “authorized” has all disbursement requirements completed. Aid showing in DEAC as “memoed” has unsatisfied disbursement requirements (which you should investigate in WIN and take any actions needed to complete those requirements).

Proxy access for parents/family members is available for you to permit us to disclose your financial aid information with your parent(s)/family members. To protect the security of your information, we check your authorization and authenticate the identity of any person requesting information. (Please note that there are also separate proxy/authorized user setup processes for DEAC and DeaconDining.)

You Must Apply for Aid Every Year!

Tip: Create a calendar reminder now for the next three years! Aid eligibility is an annual process. Returning students must reapply for need-based aid each year by completing and submitting the Profile and FAFSA by February 1. If a family’s financial circumstances change (such as having fewer family members enrolled as undergraduate students in college in future years), then aid eligibility will likely be reduced. Use the Net Price Calculator to project likely future aid eligibility if you anticipate such changes.

In Conclusion

Achieving your education goal requires a significant investment of effort, time and money. Start learning now what you need to know to spend wisely and to take advantage of opportunities. A good place to start is

Good Stuff, for All Students

Financial Wellbeing – Get started and thrive.

Financial Literacy – Get the most bang for your buck.

Student Financial Services (we give props to our neighboring office’s web page) – Learn about tuition insurance, student account refunds, Deacon OneCard, and DEAC.

More Good Stuff, Just for Aid Recipients

Win with WIN – Act now to make sure your aid is all set (accept/decline loans and work-study, complete loan promissory note and entrance counseling, submit work-study placement survey, complete federal verification requirements). We can help you cut through the red tape.

Authorize family members to view your financial aid record with WIN Proxy Access. We check your authorization and authenticate the identity of any person requesting your financial aid information.

Are You There? Hello? – Check your WFU email account regularly. You won’t receive any spam from, only important information to ensure maximum aid eligibility and timely receipt of funds. Please help us to help you by responding without delay.

Federal Work-Study – It’s not like other aid programs. It’s a real paycheck to help with daily expenses during the year. It’s not available to pay up-front charges like tuition, housing, and meal plans. So, your student account (DEAC) statement will not include estimated Federal Work-Study earnings.

Spend Wisely – Aid eligibility is based on “modest but adequate” standard estimates of expenses. Don’t overspend on a meal plan that you might not fully need. Consider used or rental textbooks. Access free entertainment. Use free or low-cost transportation. Get local discounts. Find other tips.

One, Two, Three, Four – Tip: Create a calendar reminder now for the next three years. Aid eligibility is an annual process. Returning students must reapply for need-based aid each year, by February 1. When a family’s financial circumstances change, then aid eligibility also changes. (For example, if fewer siblings will be enrolled as undergraduate students in college in future years, then the remaining enrolled student’s aid eligibility will likely be reduced for those years.) Use the Net Price Calculator to project your likely future aid eligibility if you anticipate such changes.

Report Your Outside Scholarships now if you have received (or expect to receive) a scholarship from any source that is not already included in your current financial aid record at Wake Forest.

Current merit scholarship recipients with any questions should visit Wake Forest Scholars.

Athletic scholarship recipients should contact Athletics Compliance at 336.758.3992 with any questions.

Taxes – Are scholarships taxable? Am I required to file a tax return? Find answers.

Veterans Education Benefits – We are your link to the VA.

RDS – Complete the Residency Determination Service online interview if you are receiving aid from the State of North Carolina.

Summer School Aid – Student Financial Aid does not provide scholarship assistance for summer study.

Do you recall the Information for Aid Recipients referenced in your aid notification letter? While some information is also included here, now is a great time to refresh your memory about your responsibilities as an aid recipient and other important information.

Withdrawal and Aid Reduction – If you get sick and must leave Wake Forest during a semester, aid amounts may be reduced. Consider purchasing Tuition Insurance.

And Bonus Good Stuff, for All Students

Student Employment – Read about when and where to look for local jobs.

Internships – Let the OPCD help you explore the possibilities.

Outside Scholarship Announcements and Private Scholarship Searches – Don’t fall for scholarship scams.

WakeWare – Wake Forest’s academic technology program provides the opportunity to purchase a laptop computer. Students receiving a Wake Forest need, merit, or athletic grant are eligible for a WFU Technology Grant to purchase the current standard model.

Returning Student ScholarshipsOrganization Merit ScholarshipsResearch and Creative Funding OpportunitiesEntrepreneurship AssistanceStudy Abroad ScholarshipsOther Global Student FundingScholarships for Christian Outreach and Chaplain’s Emergency Fund – See a sample of what’s available to returning students. Keep your eyes and ears open. Opportunities are varied and ever-changing.

Financing options include the Federal PLUS LoanSupplemental Loans, and a Monthly Payment Plan – Borrow conservatively and calculate your future Repayment Schedule.