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Wake Forest University vs Davidson College: which has better ROI?

Private nonprofit, Winston-Salem NC · vs · Private nonprofit, Davidson NC

The verdict

Davidson College has the better ROI: it clears its 4-year net cost of $69,516 in 2.1 years versus 3.9 years at Wake Forest University, on median earnings of $81,400 vs $78,158 ten years out. (Scorecard, 2026 · our math.)

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Head to head
MeasureWake Forest UniversityDavidson College
Net price / yr$28,719$17,379
Total net cost$114,876$69,516
Median earnings, 10 yrs$78,158$81,400
Median debt$21,500$18,688
Payback3.9 yrs2.1 yrs
20-year net return$481,084$591,284

College Scorecard (2026), institution-level · payback and returns are our math. Figures blend all majors.

Which is cheaper, Wake Forest University or Davidson College?

Davidson College, at $17,379 a year after aid versus $28,719 — a gap of $11,340 a year, or $45,360 across the full degree. These are net prices after grants and scholarships, not sticker prices, so they reflect what an aided student pays.

Do Wake Forest University or Davidson College graduates earn more?

Davidson College graduates report a median $81,400 ten years after entry, $3,242 more than the $78,158 at Wake Forest University. Both are institution-wide medians from federal tax records, so a high-paying major at the lower school can beat the average at the higher one.

Which leaves students with less debt, Wake Forest University or Davidson College?

Davidson College: its completers carry a median $18,688 in federal loans versus $21,500 at Wake Forest University, a difference of $2,812. The figure counts students who finished; it excludes private loans and anyone who left before graduating.

Which graduates more of its students?

91% of students finish at Davidson College, against 89% at Wake Forest University. Completion matters to the ROI arithmetic because a degree that is never finished still carries its cost and its debt, but earns none of the graduate premium above the $48,360 high-school baseline.

Wake Forest University vs Davidson College: frequently asked questions

Is Wake Forest University or Davidson College a better value?
Davidson College. It clears its $69,516 net cost in about 2.1 years versus 3.9 years at Wake Forest University, on median earnings of $81,400 vs $78,158 ten years out.
Which is cheaper, Wake Forest University or Davidson College?
Davidson College: $17,379/yr net price after aid versus $28,719/yr at Wake Forest University — a difference of $11,340 a year, or about $45,360 over four years.
Do Wake Forest University or Davidson College graduates earn more?
Davidson College graduates earn a median $81,400 ten years after entry, versus $78,158 at Wake Forest University — a $3,242 gap. This blends every major, so a specific field can flip it.