Affordable Alternatives to Wake Forest University
Open-data reference.
We found 15 schools structurally similar to Wake Forest University that cost less. 15 offer comparable or better earnings outcomes.
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Winston-Salem, North Carolina · Private Nonprofit
What the IPEDS & College Scorecard Data Shows for Alternatives to Wake Forest University
Wake Forest University posts an average net price of $28,719 after grants and scholarships, the IPEDS-derived figure used to anchor this alternatives search. We screened institutions in the Integrated Postsecondary Education Data System for colleges that report a lower net price and share structural similarity with Wake Forest University across six dimensions — ownership sector, Carnegie classification, undergraduate enrollment, admission rate, graduate earnings, and completion rate. 15 institutions cleared a 40-percent similarity threshold.
The maximum possible savings across this list is $22,591, achieved by Princeton University at $6,128. Of greater interest to ROI-focused applicants: 15 of the 15 alternatives also report median 10-year earnings at or above Wake Forest University’s $78,158, meaning lower cost is not paired with lower earnings. The mean median-earnings figure across alternatives is $89,047.
The similarity scoring treats enrollment size, Carnegie classification, and ownership sector as high-weight features because those structural attributes correlate most strongly with student experience and post-graduation outcomes in the College Scorecard literature. Admission rate and graduation rate enter as secondary features, while net price drives the cost-ranking that determines which institutions appear. Net price is an IPEDS-reported figure calculated as the average cost of attendance minus institutional and federal grants for first-time, full-time undergraduates receiving Title IV aid — so it already accounts for the aid a typical admitted student would receive. That makes it a more honest cost comparison than sticker-price tuition alone.
Similar Schools That Cost Less
Top 5 alternatives by 10-yr earnings
Source: U.S. Department of Education — College Scorecard Institution-level earnings + cost-of-attendance file · 2024 (latest release) Median 10-year earnings reflect federal-aid recipients only; net price reflects sticker price minus average grants/scholarships.
| School | Net Price | Savings | Earnings (10yr) | Graduation | Similarity |
|---|---|---|---|---|---|
| Missouri University of Science and Technology Rolla, MO · Public Better Value | $16,298 | -$12,421 | $82,957 | 64.0% | 59% |
| Davidson College Davidson, NC · Private Nonprofit Better Value | $17,379 | -$11,340 | $81,400 | 91.5% | 56% |
| Illinois Institute of Technology Chicago, IL · Private Nonprofit Better Value | $18,425 | -$10,294 | $82,592 | 74.0% | 55% |
| Johns Hopkins University Baltimore, MD · Private Nonprofit Better Value | $18,809 | -$9,910 | $87,555 | 94.2% | 53% |
| The Cooper Union for the Advancement of Science and Art New York, NY · Private Nonprofit Better Value | $13,269 | -$15,450 | $83,847 | 80.7% | 53% |
| Wellesley College Wellesley, MA · Private Nonprofit Better Value | $25,496 | -$3,223 | $84,803 | 91.4% | 52% |
| Boston University Boston, MA · Private Nonprofit Better Value | $24,402 | -$4,317 | $83,238 | 89.3% | 52% |
| Washington University in St Louis St. Louis, MO · Private Nonprofit Better Value | $21,786 | -$6,933 | $86,182 | 94.3% | 48% |
| Rice University Houston, TX · Private Nonprofit Better Value | $13,370 | -$15,349 | $89,718 | 95.2% | 47% |
| University of Michigan-Ann Arbor Ann Arbor, MI · Public Better Value | $13,138 | -$15,581 | $83,648 | 93.2% | 44% |
| Bowdoin College Brunswick, ME · Private Nonprofit Better Value | $14,398 | -$14,321 | $82,735 | 95.4% | 44% |
| Yeshivas Be'er Yitzchok Elizabeth, NJ · Private Nonprofit Better Value | $28,599 | -$120 | $82,560 | N/A | 44% |
| University of California-San Diego La Jolla, CA · Public Better Value | $12,470 | -$16,249 | $84,943 | 86.8% | 43% |
| Franklin W Olin College of Engineering Needham, MA · Private Nonprofit Better Value | $25,171 | -$3,548 | $129,455 | 94.2% | 42% |
| Princeton University Princeton, NJ · Private Nonprofit Better Value | $6,128 | -$22,591 | $110,066 | 97.4% | 41% |
Top Similar Alternatives
Quick picks from the full list — compare any two schools side by side
How We Match Schools
Our similarity engine compares schools across six dimensions: institution type (Carnegie classification), ownership (public/private), enrollment size, admission selectivity, graduate earnings, and completion rates. Each dimension is weighted by its impact on student outcomes.
Only schools with a lower average net price than Wake Forest University are shown. Schools marked "Better Value" have comparable or higher median earnings at a lower cost.
Data source: U.S. Department of Education College Scorecard. Earnings are median values 10 years after enrollment, drawn from U.S. Treasury tax records. Net price is the average cost after grants and scholarships for first-time, full-time students, as reported through IPEDS.
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Disclaimer: This information is provided for informational purposes only and does not constitute professional advice. Data is sourced from the U.S. Department of Education College Scorecard. Consult a qualified professional before making decisions based on this data.
Read our methodology — how this data is sourced, computed, and verified.