In 2024, Wake Forest University, located in Winston-Salem, North Carolina, allocated $21,124,608 toward athletically related financial aid, according to the U.S. Department of Education.
A total of 275 male and 155 female student-athletes participated in one or more sports teams representing Wake Forest University in 2024. Male student-athletes received 81.3% more financial aid than their female counterparts.
The amount of athletically related financial aid awarded by Wake Forest University increased by 8% compared to the previous year.
College football is one of the biggest sports in the U.S., with some college teams eclipsing NFL teams in terms of attendance and profit.
College athletics has entered a new era of athlete compensation after a federal settlement allowed schools to directly share revenue with players for the first time. The agreement also requires the NCAA to pay $2.8 billion in back damages over 10 years to athletes who competed from 2016 to the present.
In 2022, after years of legal and legislative pressure, athletes also gained the right to profit from their names, images and likenesses through state laws and an NCAA policy change.
| Institution | Athletically Related Student Aid |
|---|---|
| Duke University | $28,284,514 |
| Wake Forest University | $21,124,608 |
| University of North Carolina at Chapel Hill | $16,779,905 |
| Elon University | $12,954,942 |
| Campbell University | $11,904,783 |
| North Carolina State University at Raleigh | $11,427,412 |
| High Point University | $10,122,171 |
| Queens University of Charlotte | $9,062,490 |
| Gardner-Webb University | $7,982,336 |
| East Carolina University | $7,056,603 |
