Cost of Yale University
Total Cost
The total cost of attendance at Yale University is
$70,570
per year
(which includes tuition and fees, books and supplies, and living expenses)
Cost Breakdown
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.”
Financial Aid for Yale University
Average Student
The average student at Yale University pays
$18,053
per year
Need Met
Yale University's financial aid meets
100.0%
of student's demonstrated need
Financial Aid
At Yale University
51.7%
of freshmen receive some form of financial aid
Merit Scholarships for Yale University
Average Merit Scholarships
The average Yale University merit scholarship for students without financial need is
$0
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.
Average Cost
Very few students pay the full price. Here's the average cost for students in different income brackets:
Budget for Yale University
Every student's costs are a little different.
LEARN MORE ABOUT BUDGETING >Loans for Yale University
Student Loans
The average student at Yale University takes out
$13,050
in student loans
Student Loan Repayment
The student loan repayment rate at Yale University is
90.6%
after five years
93.3%
after seven years
Student Loan Default Rate
At Yale University
1.4%
after three years
Graduate salaries for Yale University
Average Starting Salary
The average starting salary for a Yale University graduate is
$70,191
Salary Years After Graduation
After graduation, here's how the average salary at Yale University grows over time:
Savings for Yale University
Sticker Price
Yale University's full cost of attendance has increased an average of
3.9%
per year since 2014
Net Price
Yale University's average net price has increased an average of
0.3%
per year since 2014
Average Cost
Given past trends, we expect Yale University's tuition pricing to be the following:
