by our College Data Analytics TeamRather than paying the full sticker price for a college education, most students receive a financial aid package that eases the burden with scholarships, grants, loans, and work-study options, while the amount and type of aid may vary among students.
What amount of Yale financial assistance will actually be available to you?Get answers to your questions here.
$59,134.00 is the typical Yale University’s first year financial aid package. About 61% of first year students receive financial aid, most of which is in the form of grants and scholarships.
Financial aid helps reduce the cost, or the full retail price of the college. However, be aware that the only true college discount is scholarships & grants.
Concerned about the student loans that might be part of your financing deal? Look at the average amount of debt per student at Yale University.
Institutional scholarships and grants refer to financial aid provided directly by a college or university to support students in covering their educational expenses. These awards can be either merit-based or need-based and do not require repayment. Merit-based institutional scholarships reward students who have demonstrated exceptional academic achievements, talents, or skills in specific areas. Such scholarships often take into account a student’s high school performance, standardized test scores, or extracurricular activities. On the other hand, need-based institutional grants are allocated to students who exhibit financial need. The amount awarded is usually determined by the student’s family’s financial circumstances and aims to cover the difference between the cost of attendance and the family’s capacity to pay. To assess eligibility for need-based grants, colleges and universities may use information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants play a crucial role in assisting students, as they can considerably lower the cost of college and make higher education more attainable.
The numbers listed below make reference to help that is offered by Yale University.
53% of first-year students (819 total) were offered scholarships at Yale University, averaging $56,581.00 per person. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 20% of freshmen (307 total) obtained a federal grant, for about $6,809.00 a piece.
The next table displays grant and scholarship distributions by family income for freshman students getting any kind of federally-funded Title IV aid, such as Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 3.74% | $75,684.00 |
| Income 30k-48k | 5.94% | $73,562.00 |
| Income 48k-75k | 6.00% | $73,830.00 |
| Income 75k-110k | 3.03% | $66,637.00 |
| Income 110k + | 7.68% | $36,970.00 |
The table above shows students who are obtaining Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
Of the 1550 undergraduate students at Yale University around 61% (819 total) receive some form of grant aid. The typical amount awarded was $59,134.00.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.