Cost of Attendance

WAKE FOREST SCHOOL OF MEDICINE

MEDICAL STUDENT

COST OF ATTENDANCE  

2014-2015   

 

 

 

 

1st Year

2nd Year

3rd Year

4th Year

     

Tuition

$50,300

$50,300

$50,300

$50,300

Books/Equipment

1,790

1,200

1,178

1,178

Clinical Skills Exam

-

-

-

650

Food

3,940

3,546

3,546

3,940

Health Insurance

2,820

2,820

2,820

2,586

Laundry

420

378

378

420

Lodging

5,920

5,328

5,328

5,920

Miscellaneous

680

612

612

680

Personal/Household

640

576

576

640

Transportation

3,240

2,916

3,528

3,920

Loan Fees

1,742

1,712

1,738

1,764

Utilities

2,920

2,628

2,628

2,920

     

Total

$74,412

$72,016

$72,632

$74,918

 

 

 

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 medical 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.

The Cost of Attendance varies for each class based on the number of months the student is considered enrolled and the types of expenses throughout the year, such as additional  transportation costs incurred during third and fourth years.

How do I manage this money?

The Office of Student Financial Planning is available to meet with you one-on-one to talk about managing these disbursements.  Due to the strict amount allowed for each year, it is important that you have a spending plan. 

There are many creative ways to manage these funds; for example, you might pay rent for the entire semester when you receive your first disbursement and again in January.  Another way to make your money last is to deposit your disbursement into a savings account and "pay" yourself monthly or bi-monthly. 

Quick Reference

School of Medicine
Student Admissions

336-716-4264

medadmit@wakehealth.edu

Student Financial Planning

336-716-2889

finaid@wakehealth.edu

Student Affairs

336-716-4271

stuserv@wakehealth.edu

Location:
3rd Floor Watlington Hall
Wake Forest Baptist Medical Center
Medical Center Blvd.
Winston-Salem, NC 27157-1090
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Last Updated: 11-06-2014
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Disclaimer: The information on this website is for general informational purposes only and SHOULD NOT be relied upon as a substitute for sound professional medical advice, evaluation or care from your physician or other qualified health care provider.