Affordability

Affordable. For everyone.

All undergraduate financial aid at Yale is awarded on the basis of financial need, with the goal of making a Yale education affordable to all students and families.  Yale's financial aid resources meet the full demonstrated need of every undergraduate—regardless of citizenship or immigration status—without relying on loans, for all four years.

64% of Yale undergraduates receive financial assistanceExpected parent contribution for families with less than $65,000 in income and typical assets = $0

Applicants from a range of socioeconomic backgrounds and income levels qualify for need-based aid. Each family’s financial circumstances are unique, and our staff performs a holistic review of each application for aid. A Yale financial aid award meets 100% of a student’s Demonstrated Financial Need based on the Estimated Cost of Attendance and a calculated Expected Family Contribution.

 Average Yale need-baseed scholarship 2017-18 = $49,575Median net price for students receiving financial aid 2017-18 = $12,500

Every Yale financial aid award includes two parts: grant aid and the Student Effort. Grant aid may include a need-based Yale Scholarship and/or funds from external sources including entitlement grants (Federal Pell Grant, Supplemental Educational Opportunity Grant/SEOG, and state grants) or merit-based scholarships a student may have earned from outside organizations. Yale does not award any merit-based scholarships, but funds from external scholarships may reduce or replace the Student Effort.

The Student Effort is a fixed amount students receiving aid should anticipate contributing from term-time and summer job earnings. The grant aid and Student Effort in every Yale financial aid award will meet a student’s full demonstrated financial need.

Loans included in a financial aid award that meets 100% of demonstrated need = $085% of Class of 2017 Yale undergraduates graduated debt-free

Yale does not expect students and families to finance their college education with debt, and loans are not included in the Yale financial aid award. Some students and families prefer to cover some or all of their Student Effort with loans instead of taking a term-time or summer job, and families may find it more convenient to defer some costs until after graduation. Upon request, Student Financial Services can help guide students and families through the process of applying for and receiving a loan.

Who qualifies for aid?

Every family's financial situation is unique, but the table below can give you an idea of typical awards. The table shows median financial aid awards for families of first-year students in the Class of 2021 who applied for financial aid.

Class of 2021 First Year Students
Annual Income Range Median Net Cost* Median Scholarship Percentage Who Qualified for Aid
Less than $65,000 $4,450 $70,686 98%
$65,000-$100,000 $6,488 $64,402 99%
$100,000-$150,000 $15,352 $54,249 96%
$150,000-$200,000 $29,953 $39,275 88%
$200,000-$250,000 $43,015 $25,427 64%
Greater than $250,000** $50,957 $16,979 23%

*Net Cost is the difference between the Estimated Cost of Attendance (tuition, room, board, books, travel expenses and personal expenses) and a student's scholarship grant(s) from all sources. Yale financial aid awards include a standardized Student Effort, which is an option to meet Net Cost.

** Most who qualify have multiple children in college.

What does a financial aid award cover?

The graph below shows how the median figures above compare to Yale's Estimated Cost of Attendance

What Does a Yale Financial Aid Award Cover Chart