Hey everyone, I'm seriously considering applying to Yale, but I'm a little hung up on the cost of attendance. I know it can fluctuate based on your family's financial situation, but can anyone provide some insight into what the average cost might look like?
Any advice about possible scholarships or grants would be great too. Thanks!
Yale, like many Ivy League and highly selective universities, provides a robust and generous financial aid program. The cost of attending Yale includes tuition, room and board, books and personal expenses, and travel costs. The advertised cost of attendance for Yale in the 2024-2025 academic year is approximately $91,000. However, don't be alarmed by this total – it is the highest potential cost and not what the average student pays.
Yale is committed to meeting 100% of demonstrated financial need for all admitted students. That means financial aid packages from Yale do not include loans and instead are made up of grants and scholarships, which do not need to be repaid, as well as a student work expectation. Nearly half of Yale undergraduate students receive financial aid from Yale, and the median grant for the 2023-2024 academic year was roughly $50,000.
Yale also operates a need-blind admissions policy for US citizens and Permanent Residents, which means your ability to pay will not be taken into consideration during the admissions process. Families with an income of less than $65,000 are not expected to make a financial contribution towards the cost of the student's Yale education.
The most reliable way to estimate your cost is to use Yale's Net Price Calculator, which provides a customized estimate of a student's expected family contribution. It takes into consideration your household size, income, and assets.
As for scholarships, it's important to start your search as early as possible. While Yale does not offer merit scholarships, there are numerous external scholarship opportunities. Websites like Fastweb and the U.S. Department of Labor's free scholarship search tool can help you find scholarships that you may qualify for.
Good luck on your college application journey!
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