Affordability: The Details | Yale College Undergraduate Admissions (2024)

Affordable. For Everyone.

Yale is committed to an admissions policy that does not consider a student’s ability to pay, and a financial aid policy that meets the full need of all students with no loans required. These two principles:need-blind admissions and need-based financial aid, ensure that a Yale education is affordable for everyone, regardless of family background, citizenship, or immigration status.

TheQuick Cost Estimatoris a good starting point forexploring what Yale’s need-based financial aid policies would mean for your family.

Financial aid highlights

  • All of Yale’s undergraduate financial aid is awarded on the basis of financial need.
  • Yale meets 100% of demonstrated financial need for all admitted students regardless of citizenship or immigration status. This includes undocumented students living in the US, with or without DACA status.
  • Yale does not expect students to take out loans. Instead, Yale financial aid awards includes a Yale Scholarship, a parent contribution, and a small student contribution.
  • Families whose total gross income is less than $75,000 (with typical assets)are not expected to make a financial contribution towards their child’s Yale education.
  • Families earning between $75,000 and $200,000 (with typical assets) contribute a percentage of their yearly income towards their child’s Yale education, on a sliding scale that begins at 1% and moves toward 20%.
  • There is no income cutoff for financial aid awards. Some families with over $200,000 in annual income receive need-based aid from Yale.

Who qualifies for financial aid?

The table below shows median financial aid awards for families of first-year students in the Class of 2023 who applied for aid.

Financial Aid Snapshot 2023-2024

Annual Income Range

Median Net Cost

Median Scholarship

Percentage Who Qualified for Aid

Less than $65,000




















Greater than $250,000*




* Most who qualify have multiple children in college.

Understanding the Yale financial aid offer

Yale’s financial aid evaluation process is holistic. Financial aid officers review every aid application carefully to ensure they understand each family’s individual financial situation. Here is a general introduction to what is included in a Yale financial aid offer.

  1. Estimated Cost of Attendance: Tuition, room, board, books, travel expenses and personal expenses for one Yale student for one full academic year.
  2. Gift Aid: The Yale Scholarship, and any government or external awards. Gift aid does not need to be repaid.
  3. Estimated Net Cost: The amount a student and family is expected to contribute towards the cost of a Yale education. Yale will calculate this number every year based on the information provided in a financial aid application.

Estimated Cost of Attendance - Gift Aid = Estimated Net Cost

Options to pay net cost

Yale suggests that students and their families meet the Estimated Net Cost, which includes billed and unbilled expenses, with these components:

  1. Parent Share: Whata student’s parent(s) or guardian(s) are expected to contribute. The amount is dependent on a family’s income and assets. Many lower-income families will have a parent share of $0.
  2. Student Share: A standardized estimate of a student’s ability to earn income through term-time and summer employment. This is $3,700 for all students - the same amount as Yale’s estimates for a student’s books and personal expenses.

Students and their parents work together to determine the right strategy for covering net cost and dividing costs between student and parent(s) and who will cover which billed and unbilled expenses. Funds from outside merit-based scholarship awards can be used to reduce or eliminate the Student Share.

Loans are not included in Yale’s financial aid awards, but students and parents may opt to take advantage of their eligibility for education loans as an alternative route to paying their net cost.

Understanding expected family contribution (EFC)

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 indirect costs such as books and personal expenses.

Yale calculates the Expected Family Contribution through a holistic review process. As part of this process, Yale 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 circ*mstances, such as exceptional medical expenses, on a case-by-case basis.

How to apply for aid

To apply for aid, most prospective students and their families will need to send three documents to the Student Financial Services Office. See the detailed instructions on the Undergraduate Financial Aid website for more information.

  1. The Free Application for Federal Student Aid (FAFSA) Yale’s FAFSA code is 001426
  2. The College Board CSS Profile Application Yale’s CSS Profile code is 3987. Applicants from low-income families with few assets automatically receive a fee waiver when completing the CSS Profile.
  3. Signed copies of the parents’ federal tax returns submitted through the College Board’s Imaging and Documentation Service.

There is no deadline to apply for aid, but Yale strongly recommends submitting these documents before March 1 to ensure that, if admitted, a student has an award letter in time to make a matriculation decision by May 1.

Affordability: The Details
 | Yale College Undergraduate Admissions (2024)


Affordability: The Details | Yale College Undergraduate Admissions? ›

Yale meets 100% of demonstrated financial need for all admitted students regardless of citizenship or immigration status. This includes undocumented students living in the US, with or without DACA status. Yale does not expect students to take out loans.

What is the lowest GPA Yale will accept? ›

We do not set a minimum GPA, nor do we attempt to re-weight GPA's to any standard other than what a school provides.

Is Yale affordable for everyone? ›

Affordable. For everyone.

Yale's financial aid resources meet the full demonstrated need of every undergraduate—regardless of citizenship or immigration status—without relying on student loans, for all four years.

How much financial aid will I get if my parents make 100k? ›

Basically, there is no set income cutoff for aid. If you still think your parents are too wealthy to access financial aid, consider using either the Federal Student Aid Estimator or your school's net price calculator.

What percent of Yale students receive financial aid? ›

Additionally, 54% of first-year students received need-based financial aid in fall 2021. Need-based self-help aid includes federal loans and work-study. The average need-based self-help aid awarded to first-year students was $2,300. Yale University met 100% of its students' financial aid need.

What GPA is too low for Harvard? ›

Even though the average weighted GPA for Harvard is 4.2, this is still an average. Successful applicants may have scores that fall well above or below that figure. That means you won't automatically be rejected if your GPA is under 4.0. Some say that the lowest GPA accepted to Harvard is about 3.0 (weighted).

Is a 3.7 GPA good enough for Yale? ›

To have the best shot of getting in, you should aim for the 75th percentile, with a 1560 SAT or a 35 ACT. You should also have a 4.14 GPA or higher. If your GPA is lower than this, you need to compensate with a higher SAT/ACT score.

Which is cheaper Harvard or Yale? ›

The exact price will differ depending on the year that you are applying, the course you are applying to study and the school that you are applying to. For an undergraduate degree in 2023/24, Harvard University charges around $54,000. Yale University charges $48,300.

Is Princeton cheaper than Yale? ›

Undergraduate tuition rates at Princeton and Yale for 2022-2023 are $57,410 and $62,250, respectively. After considering additional fees, accommodation, travel, and personal expenses, the annual cost to attend Princeton or Yale is around $79,540 - $80,700.

How much does Yale cost for all 4 years? ›

Projected 4-Year-Degree Price

In 2022-23, attending Yale cost $85,120. For four years at this price, Yale cost would equal $340,480. But keep in mind that these costs can rise. Here's some Connecticut Student Loan & Scholarship Information for you.

Do parents who make $120000 still qualify for FAFSA? ›

There is no set income limit for eligibility to qualify for financial aid through. You'll need to fill out the FAFSA every year to see what you qualify for at your college. It's important to make sure you fill out the FAFSA as quickly as possible once it opens for the following school year.

What income is too high for FAFSA? ›

What Are the FAFSA Income Limits for 2024? Both students and their parents often think their household income makes them ineligible for financial aid. However, there's no income limit for the FAFSA, and the U.S. Department of Education does not have an income cap for federal financial aid.

What disqualifies you from FAFSA? ›

For example, if your citizenship status changed because your visa expired or it was revoked, then you would be ineligible. Other reasons for financial aid disqualification include: Not maintaining satisfactory progress at your college or degree program. Not filling out the FAFSA each year you are enrolled in school.

Which Ivy has most financial aid? ›

Princeton University is the highest scoring Ivy League to make the top ten list of universities with the best financial aid packages.

Does Yale give full ride? ›

The Yale Scholarship is a highly prestigious grant-based financial aid program offered by Yale University to outstanding undergraduate students. This scholarship is awarded solely based on need, and covers the full cost of attendance for recipients, including tuition, room and board, books and personal expenses.

Is Yale free for low income students? ›

Instead, Yale financial aid awards includes a Yale Scholarship, a parent contribution, and a small student contribution. Families whose total gross income is less than $75,000 (with typical assets) are not expected to make a financial contribution towards their child's Yale education.

Will Yale accept 3.5 GPA? ›

A 3.5 GPA will be highly competitive, and admission can be reasonably expected at many colleges. Still, it's not the most competitive at places like Harvard, Yale, and Dartmouth, which, on average, accept students with GPAs exceeding 4.0.

What is the lowest GPA an Ivy League will accept? ›

While Ivy League schools don't have a specific "minimum" GPA requirement, they do have high standards when it comes to academic performance. Most admitted students typically have a GPA above a 4.0 (weighted) or around a 3.85-4.0 (unweighted), but keep in mind that even these numbers are not a guarantee of admission.

Is a 4.2 GPA good for Yale? ›

Average GPA: 4.13

The average GPA at Yale is 4.13. This makes Yale Extremely Competitive for GPAs. (Most schools use a weighted GPA out of 4.0, though some report an unweighted GPA. This school did not officially report its average GPA, but we've estimated it here using data from over 1,000 schools.)

What is the lowest GPA accepted? ›

Unofficially, 2.0 is the lowest GPA accepted into a standard college, so while there's a chance that college admission is possible, it's not likely at more than a few institutions.

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