Hey guys, I'm considering applying to Yale, but I'm kinda curious about the cost of attending. Can someone give me an idea of how much a year at Yale might cost, including tuition and other expenses?
Sure! The cost of attending Yale for a year can be broken down into a few components: tuition, room and board, and additional expenses. For the 2024-2025 academic year, here are the approximate costs:
1. Tuition: $67,250
2. Room: $11,300
3. Board (meals): $8,600
These three components make up the "direct billed costs" which total around $87,150.
However, there are some additional expenses you should factor in, such as books and personal expenses. These expenses can vary by individual but on average can be estimated as:
4. Books and Supplies: $1,000
5. Personal expenses (e.g., laundry, toiletries, entertainment): $2,700
6. Travel costs: This varies greatly depending on your location but can range from $500 to $3,000.
Adding these additional expenses, the total estimated cost of attendance ranges from about $91,350 to $93,850. Keep in mind that these numbers are approximate and can be subject to change each academic year.
It's important to note that Yale does offer need-based financial aid to help families cover the cost of attendance. More than 50% of Yale students receive financial aid in the form of grants, and the average financial aid award package is over $50,000 per year.
If Yale is your top choice, consider applying for financial aid and make sure to use their Net Price Calculator to get an estimate of the financial aid you might be eligible for. This way, you can have a better picture of the actual price you'd pay for a year at Yale.
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