Yale University

 

National College Match Scholarship Package

These numbers are based on costs for the 2017-2018 school year.  Amounts will change slightly from year to year, but as the cost of college increases, the scholarship packages will correspondingly increase.

Annual Cost of Attendance

Tuition

$51,400

Room & Board

$15,500

Books & Supplies

$2,600

Travel

varies

Personal

$1,070

Health Insurance

$0

Required Fees

$0

Total

$70,570

How Costs Are Covered (annually)

Grants

$66,120

Federal Work-Study

$2,850 (Yale job)

Student Summer Work Contribution

$1,600

Parent Contribution

$0

Student Savings

25%

Student Loan

$0

Total

$70,570

Policy Regarding Outside Scholarships
Outside scholarships may be used to reduce a student's term time job. If total scholarships exceed $2,850, students may request to replace the student income contribution of $1,600. If total outside scholarships exceed $4,450, students may ask the donor organization(s) for a deferment to subsequent academic years. Outside scholarships in excess of $4,450 that are not deferred will reduce the Yale Scholarship.

Policy on Health Insurance

  • You will be required by the University to have adequate health insurance 

  • You will receive primary care services at no charge at Yale University Health Services through Yale Health Plan (YHP) Basic

  • You will be automatically enrolled in and charged premiums for YHP Hospitalization/Specialty Care coverage ($2,332).

If you already have valid and sufficient hospitalization coverage, you can waive Yale's Hospitalization/Specialty Care insurance fee by submitting a waiver to the Yale Health Plan. Hospitalization insurance is mandatory and the expense is the student's responsibility. 

Policy on Travel Allowance
Travel allowance is determined by Yale and will vary depending on the student's location. The average amount is $700, but may be different per student, which will affect the amount of Yale scholarship to cover the travel. 

Requirements Associated with Maintaining this Award
Students must maintain satisfactory academic progress requirements of Yale students.

Other Details
The Student Employment and Student Summer Income Contributions are slightly higher for upperclassmen.  Currently sophomores, juniors and seniors contribute $3,350 from student employment and $2,600 from summer income.

Yale’s Financial Aid Overview 

Yale is accessible to talented students regardless of their family's ability to pay for college. We are committed to working with families in determining a fair and reasonable family contribution and will meet the full demonstrated need of every student for all four years. All financial aid is need-based; there are no athletic or merit-based awards.

For families with total income less than $65,000 per year, Yale typically does not ask parents to make any contribution whatever toward the cost of a Yale education. In assessing need, Yale does consider family assets, business ownership and other special circumstances in addition to annual income.

Yale will only offer admission through the National College Match to students whose parents qualify to make zero contribution to college costs. (Students who are not eligible for a zero parent contribution will be considered for admission to Yale in regular decision and will still qualify for extremely generous aid calculated to meet full financial need, with no loans required.) All Yale students with financial aid awards that include a zero parent contribution also receive a $2,000 “start- up fund” for the first year, $600 annual supplements in subsequent years, and free Yale hospitalization insurance coverage, (provided their level of financial need remains the same each year).

Yale does expect first-year students to contribute $2,850 annually toward the cost of their own education through an on campus work-study job of about 8.5 hours a week. Yale's hourly minimum wage starts at $12.50 per hour. Students must also contribute $1,600 from their summer earnings in their first year. Depending on a family’s demonstrated financial need in future years, the summer income contribution will either remain at $1,600 or increase to $2,900 for sophomore, junior, and senior year. The above amounts are based on the 2017-2018 figures and are subject to change for future years. Outside scholarships may replace the student's work-study and summer income contribution. For more information, review Understanding the Student Effort on the Yale Undergraduate Financial Aid website.

You need to reapply for Yale's need-based financial aid every year, which will be adjusted to meet any change in need. In addition to family income and assets, Yale takes into account family size (including number of siblings in college), and documented special circumstances (such as extraordinary medical expenses) in determining financial need.