Educational assistance is available through the following:
- Tuition Concession: Provides financial support to faculty and staff, dependent children, and spouses pursuing degree programs.
- NC 529 College Savings Plan: Enables participants to choose one or more investment options, offering tax benefits for college savings.
- Student Debt Counseling Program: Savi provides assistance to faculty and staff in understanding their eligibility for programs that could reduce their student debt and/or refinancing options to consolidate their student debt and/or lower interest rates to pay the debt off sooner.
Tuition Concession
Enrolling or making changes: All requests should be submitted through the Tuition Concession platform.
Faculty and Staff
At Wake Forest: The University pays full tuition for up to two courses per semester for either:
undergraduate* study, or study in the Graduate School of Arts and Sciences.**
Other Institutions: $5,547.52 ($2,773.76 per semester) for undergraduate* tuition and academic fees.
Eligibility: After completing two years of full-time service.
*Applies if the individual does not hold an undergraduate degree.
**Graduate coursework is taxable.
Dependent Children
At Wake Forest: The University pays 94% for undergraduate* tuition and academic fees if hired before January 1, 2014, and 80% for undergraduate tuition and academic fees if hired on/after January 1, 2014.
Other Institutions (FY2026): $13,136 ($6,568 per semester) for undergraduate* tuition and academic fees.
*Applies if the individual does not hold an undergraduate degree.
Eligibility: Dependents are eligible if the faculty or staff member has either:
- Five years** of full-time continuous service if hired on/after Jan. 1, 2014.
- Three years of full-time continuous service, if hired before Jan. 1, 2014.
**If you worked at an accredited higher-ed institution at least two years immediately preceding employment at WFU, you may be eligible to reduce the waiting period to three years.
Spouses
At Wake Forest: The University pays 50% of the cost for undergraduate study, or study in the Graduate School of Arts and Sciences.* After 10 years of employment, Wake Forest will pay 66 2/3% of the cost.
Other Institutions: N/A
Eligibility: The benefit is available upon the faculty or staff member’s hire date.
*Graduate coursework is taxable.
NC 529 College Savings Plan
The N.C. National College Savings Plan enables you to set aside money for qualified higher education expenses at Wake Forest University or other institutions. These expenses include:
- Tuition and fees
- Room and board
- Books, supplies, and equipment required for enrollment
You may open an account for yourself or a person of any age, including a newborn. Other relatives, friends, and certain organizations also may open an account and save for an individual’s college education.
Provider
- College Foundation Inc.
- How to establish a 529 plan
- NC 529 Plan Payroll Deduction Agreement
- Employer Code: 02429
Investment Options
A variety of investments cover a range of strategies, from conservative to aggressive. Select a mix to meet your objectives, time remaining until college, and risk tolerance.
Tax Advantages
As a North Carolina taxpayer, you may qualify for a tax deduction for contributions; there are no federal or state taxes on earnings.
Enrolling or Making Changes
- Follow the instructions on the How to Establish a 529 Plan document. There is a low minimum opening contribution required, and you may make additional monthly or occasional contributions.
- Send Human Resources a copy of the forms you are prompted to complete so a payroll deduction can be established.
- Adjust your current investment mix once each calendar year, if desired, or if the beneficiary of your account changes. You may update how your future contributions will be invested at any time.
Student Debt Counseling Program
Empower Your Financial Future with Savi
Wake Forest University is proud to partner with Savi (formerly Fiducius) to provide comprehensive student loan support and financial education for faculty and staff.
This year-round benefit offers personalized guidance for those navigating the complexities of federal student loan repayment, including exploring forgiveness programs like Public Service Loan Forgiveness (PSLF) and identifying ways to lower monthly payments. Whether managing debt or assisting family members with college planning, Savi provides the resources necessary to take action with confidence.
In addition to loan repayment support, Savi features “Banking as a Benefit” through Kashable, offering access to low-cost personal loans with the convenience of payroll direct deposit. This program allows benefits-eligible employees to leverage their length of service to secure responsible credit and eliminate high-interest debt.
By visiting Savi’s Wake Forest hub, employees can complete a quick assessment to receive customized recommendations and start their journey toward long-term financial wellness and freedom.
2026 Benefits Guidebook
The 2026 Benefits Guidebook for Faculty and Staff outlines benefits specific to the Jan. 1 through Dec. 31, 2026, plan year. The information included in the guidebook is intended as a benefit summary only.
Wake Forest University Human Resources
P.O. Box 7424, Winston-Salem, NC 27109
u'">a | P 336.758.4700 | F 336.758.6127