Yale University is a private Ivy League University founded in 1701. It is the third-oldest institution of higher education in the United States. Located in the city of New Haven, Yale is ranked in 15th position in the QS World University Rankings 2019. Yale is comprised of 14 schools of academic excellence including the Yale College and Graduate Schools of Arts and Sciences. It has been known to have affiliations with 61 Nobel laureates, 5 Fields Medalists and 3 Turing award winners.

Yale awards all undergraduate financial aid with the goal of making a Yale education affordable for everyone. Most financial aid is in the form of grants and scholarships that do not need to be paid back to the university, and the average need-based aid grant for the students is $ 56320. While Yale does not award merit-based scholarships, Yale students often qualify for merit awards from external sources and organizations. Through its program of need-based financial aid, Yale commits to meet the full demonstrated financial need of all applicants, regardless of citizenship or immigration status for all four years.

Determining Your Eligibility for Aid

•  A student’s eligibility to receive need-based scholarships is determined by the family’s financial circumstances.
• Families with annual income and assets less than $65, 000 have to pay nothing to attend.
• The Yale Scholarship can vary from a few hundred dollars to over $60,000 per year; applicants from a range of socioeconomic backgrounds and income levels qualify for need-based aid.

Applying for Aid

Yale offers need-blind admissions and need-based financial aid to all applicants, international and domestic. It admits undergraduate students without regard to their ability to pay, and provides need-based financial aid awards to all admitted students on the basis of individual needs assessments. To qualify for receiving scholarships from Yale, students need to apply to the university submitting

• Application (The Coalition Application with Yale-Specific Questions, The Common Application with Yale-Specific Questions, The QuestBridge National College Match Application)
• $80 Application Fee or Fee Waiver
• Two Teacher Recommendations
• Counselor Recommendation and School Report (including transcript)
• Standardized Testing Results
• Mid-Year Report
• Final Report

For financial aid, one must submit

• CSS Profile
• FAFSA: Free Application for Federal Student Aid for US citizens and permanent residents
• Tax returns of parents and students

You must submit all of the listed application materials by March 1 for Regular Decision applicants.