New Haven, Connecticut
Private
Admissions Policies
Deposit & decision deadline (class of 2024)
May 1
Test-optional admissions ('20-'21)
Yes
The Financial Aid Office at Yale University explains that they understand and take into consideration what it is like to pay for school. In addition to your household finances, they take into account what they call the Student Effort which adjusts need-based aid based upon what they consider you’ll be able to contribute while enrolled at school. The Financial Aid Office also explains that procedures for applying for additional financial assistance are generally set by the individual programs and schools. So it is recommended that you check out your particular school or program for more specific policies once you complete the preliminary financial aid procedures.
Financial Aid Resources
A couple of useful tools and resources on the Yale University website were found to help students navigate the sometimes confusing world of financial aid. The first is the "My InTuition" Net Tuition Calculator which helps students work to figure out, as close to possible, how much they will have to pay for their education at Yale University. There is also a page dedicated to Frequently Asked Questions and also one to help you Understand Your Award.
Yale University’s LIT platform
Yale University provides an important resource Yale Well that has links to additional financial literacy resources including LIT for Yale University students and graduates. LIT helps students by providing a digital platform for financial literacy that features helpful videos and related resources on a variety of topics like budgeting, insurance, money management, and retirement. There is also a weekly syllabus that students can follow along with covering “seven major personal finance topics: Money Mindset, Cash Flow & Net Worth, Credit & Loans, Taxes, Insurance, Investing, and Retirement.”
Financial literacy at Yale
Yale’s Financial Literacy page provides an additional resource to help students manage their money. In addition to a link to LIT to help build financial literacy muscles, they also provide a budgeting and money management section with links to additional sources and information on making sense of money in a practical way for college students to understand. This page also links to a great resource that Yale offers to students in crisis or experiencing unexpected hardship called Yale Safety Net. On this page you can make a funding request and learn about the details of what constitutes a funding request and how this program works.
Student organizations
MoneyThink is a national organization with a chapter at Yale University. Moneythink describes themselves as “a movement of young people working to restore the economic health of the United States through financial education.” THe organization delivers financial literacy education to high school students.
The Yale Student Financial Education Group which also contains a related Facebook Page is a group of Yale students that “advance the cause of financial literacy among the Yale community to help members take control of and responsibility of their financial future.”
The total cost of attendance includes tuition and fees, books and supplies, and living expenses, as reported for the 2019-2020 school year.
Tuition and fees (in-state)
$55,500
Tuition and fees (out-of-state)
$55,500
Room and board
$16,600
Books and supplies
$1,050
Other
$3,495
The average student pays this amount per year.
Percentage of freshman students who receive some form of financial aid.
This school's financial aid meets 100 % of student's demonstrated need.
The average Yale University merit scholarship for students without financial need
of Yale University students without financial need receive a merit scholarship
Yale University is an Ivy League school that only offers need-based, not merit-based scholarships for its undergraduates. Aid for graduate and professional students may vary by specific school within the university. Some “merit awards” are provided to students in these particular schools and there are a variety of awards, applications, and procedures. Some do not require separate applications when applying for aid.
For example, Institute of Sacred Music School has a small amount of tuition and merit awards that they give out to highly qualified students. The Yale School of Public Health offers merit scholarships to its Master’s Degree and Doctorate students. The Ph.D and M.S. Programs at the Yale School of Public Health offer a variety of assistantships and fellowships. Yale School of Nursing provides a variety of scholarship opportunities to its Master’s level students.
At the Yale Medical School, those in the Physicians Associates program are not able to receive any institutional-based awards, however, those who are pursuing another medical program as part of the Yale Medical School may actually receive a merit scholarship from funds that were generated from specific medical endowments initiatives. Yale School of Music provides “a full tuition award and fellowship are made to all students who are admitted to the Yale School of Music, with the exception of those receiving awards from other agencies.”
The bottom line here is that if you are an undergraduate, there will be no institutional based merit scholarships available. It is suggested to do your due diligence and search for private and outside agency scholarships and awards.
Very few students pay the full price. Here's the average cost for students in different income brackets:
Resources
Endowment (2019)
$30,314,800,000
Endowment per enrolled student (FTE)
$2,267,714
Share of Students Studying Online (Graduate and Undergraduate)
Likelihood that a student moved up two or more income quintiles.
Percent of first-time students receiving Pell Grants.
This is lower than the national average 31.0%
Relative to the market of potential students
Underrepresented
White
Hispanic
Black
Representative
Hawaiian
Native American
Overrepresented
Multi-racial
Asian
The average student takes out this amount in student loans.
The percentage of students that repay their loans within 5 years.
The percentage of students that repay their loans within 7 years.
The percentage of families that default on their loans after 3 years.
After graduation, here's how the average salary of a Yale University graduate grows over time:
SAT range:
1460 - 1570
ACT range:
33 - 35
Application fee:
$80
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The data and analysis above is sourced from the following reliable third party sources:
For more information, visit our Data page.
Our Financial Health information is designed to provide you with financial data on the private colleges you are considering. Our Post-Covid Resiliency Ratings are based on a data model described in more detail here as well as information from the independent third party sources we list above. Keep in mind, there may be additional public or private data which may make a college or university more or less financially resilient. We recommend that you request the most current financial information from the college or university you are considering so that you will have the most complete and current information available while evaluating the financial health of the institution and to inform your decision making process. All information and data we provide on this site is for informational purposes only and is not an endorsement, guarantee or other recommendation, whether favorable or unfavorable, regarding a particular institution. We make no representation or warranty regarding the information, all of which is provided free of charge and for informational purposes only.