Financial Aid

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Financial Aid for Your Online Master’s in Business

Earning your graduate business degree is a significant investment in your personal and professional development. We are dedicated to helping you achieve your educational goals by connecting you to resources such as governmental and private loan programs.

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What Are the Types of Federal and Private Funding?

Federal Direct Unsubsidized Loans

Federal Direct Unsubsidized Loans are guaranteed govern­ment loans available to all U.S. citizens and legal residents. A completed Free Application for Federal Student Aid (FAFSA) form is required to determine eligibil­ity. See for additional information, including current interest rates and origination fees.

Federal Direct Graduate Plus Loans

Graduate and professional students have an additional, affordable option for funding their education with the Graduate PLUS Loan, which is guaranteed by the federal government and has a fixed interest rate. An eligible student can borrow up to the cost of attendance minus any other aid received. A completed FAFSA is required to determine eligibility. See for information.

Private Educational Loans

Private loans are another form of financial assistance for your business master’s degree. It is usually advantageous for students to pursue Federal Direct Unsubsidized Loans and Federal Direct Graduate PLUS Loans before seeking private loans. Visit to view the list of available lenders (if you wish to use another lender that is not on this list, you have the right to do so.)

Wake Forest School Code

When completing the FAFSA, use school code E00515 for WFU School of Business.

Need Help?

We are here to assist you throughout this process. For help or guidance, please contact us:

Also be sure to check out the FAQs section below.

Veterans Benefits

Wake Forest University is a partner in the Yellow Ribbon Program, sponsored by the United States Department of Veterans Affairs (VA). Eligibility for veterans benefits is assessed by the VA. We advise students to visit the VA website or their local VA office to begin the process for obtaining a Certificate of Eligibility (COE). This COE must be shared with the Financial Aid Office staff so funds can be requested on your behalf. For more information, visit

Financial Aid and FAFSA Process

Step 1: Complete your FAFSA at after making your enrollment deposit.

Step 2: Receive financial aid award notice to your WFU email account.

Step 3: Accept/adjust/decline your financial aid through the Wake Information Network (WIN) at

Step 4: Check the billing due date schedule posted at

Step 5: Sign up for Direct Deposit through the Deacon Electronic Account Center (DEAC) to receive any refunds. Refunds are processed 3–5 business days after a credit appears on a student’s account.

Note: Financial aid is applied to a student’s account 10 days before the start of each semester.

Frequently Asked Questions

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