Student Loans for Yale Students

About Yale University

Yale StudentsYale University is the third oldest university in the country, and is one of the most prestigious institutions of higher learning in the world. The second oldest member of the Ivy League, Yale is home today to 12 colleges, more than 1100 faculty members, and an enrollment of over 11000 students from all corners of the world. 49 Nobel Laureates have been students or faculty members at Yale, and notable alumni include 5 US Presidents, 19 Supreme Court Justices and several international heads of state. When it comes to research, the university is world-class. Though New Haven isn’t the nicest city around, Yale’s campus is a beautiful enclave that looks like it was made for a postcard. Truth be told, there’s not much to dislike about it.

Yale University practices need-blind admissions, meaning a student’s need for financial aid is not taken into consideration when he or she is being evaluated for acceptance. 57% of undergraduate students receive Yale financial aid, and over $117 million is granted annually to Yale students, covering 100% of demonstrated financial need for all undergraduates. Given the university’s unique position as a very old, very prestigious, and very wealthy institution (its current endowment is about $19.4 billion), the university is able to support a very robust Yale financial aid program. If you are fortunate enough to be accepted to Yale and you demonstrate financial need, you can rest assured it will be met.

Applying for Financial Aid

In order to apply for Yale Financial Aid, students must notify the financial aid office of their application, file the institution-specific Yale Application for Undergraduate Financial Aid, and also complete the Free Application for Federal Student Aid (FAFSA). These forms can be filled and submitted online, and are pretty straightforward. Before beginning these applications, it’s important for students to have their or their parents’ federal tax returns and

other financial records at hand. Students can also fill out a Bio Questionnaire, which allows the university to match them with appropriate donors for scholarships and grants. If you have any questions during the process, simply contact the Student Financial Services office. Once your application for financial aid is submitted, it can be tracked online, and once it is approved, you will receive your aid package.

Student Loans: Making up the Difference

Yale Financial Aid consists of a variety of aid forms, and Yale aid packages prominently feature grants, scholarships, and on-campus jobs that are not affiliated with a federal work-study program (and that have a minimum wage of $11.75/hour!). Students can also avail outside scholarships and grants. The University does not offer loans unless specifically requested, and a number of loans, including Yale Student Loans, Federal Direct Loans, and Perkins Loans. If you find yourself in the need for more money, try out our private student loan comparison tool and see which loan best suits your needs.

Pay for Yale University*

Total Avg. Cost $55,300
Tuition $38,300
Room & Board $11,000
Financial Aid Information
Students Receiving Fin Aid 69%
Typical Grant Amounts
State/Local $4,750
Federal $7,332
%Receiving Loans 18%
Avg. Other Stud. Loans $10,855
%Receiving Other Loans 5%

Get into Yale University

Admission Rate 8%
Total Enrollment 11,585
Men 49%
Women 51%
Graduation Rate 98%
Application Fee $75

Contact Yale University

Address
PO Box 208229
New Haven, CT 06520(203) 432-1333
Financial Aid Office URL
http://admissions.yale.edu/financial-aid
Admissions Office URL
http://admissions.yale.edu/

*Data source is the Integrated Postsecondary Education Data System (IPEDS) the data collection program for the National Center for Education Statistics

 

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