The Expected Family Contribution is not the amount that will appear on a Yale term bill. Rather, it is an estimate of the total Net Cost a family will pay to cover a student's estimated expenses for one year, including Unbilled Expenses.
Yale calculates the Expected Family Contribution through a holistic review process. As part of this process, we use a formula that considers the following:
- parents' income
- parents' assets (cash, savings, home equity, other real estate and investments)
- family size
- number of children attending college
- student's expected income from summer and term-time jobs
- student's assets (cash, savings, trusts, and other investments)
Yale also evaluates other circumstances, such as exceptional medical expenses, on a case-by-case basis.