Cost of Education

The cost of education includes tuition, fees, room, board, books, and personal and travel expenses.

Parent Contribution

The calculated amount that the parents are expected to contribute from their own resources for one academic year. The parent contribution does not include outside resources such as outside scholarships, tuition benefits, etc.

Student Income Contribution

This is standard for all students and while we expect most students will contribute the minimum amount, it is possible that some students will have a higher contribution from income as a result of the calculation mandated by the federal government. You should expect the standard amount to increase slightly each year.

Unmet Need

This is a combination of loans and/or term-time job.

Sample Financial Aid Packages

Costs
  Student A
(8 Credits)
Student B
(4 Credits)
Student C
(8 Credits)
Student D
(4 Credits)
Tuition (based on 2013–14 costs) $39,200 $19,600 $39,200 $19,600
Standard Room and Board $13,500 $13,500 $13,500 $13,500
Books and Personal Expenses $  3,400 $  3,400 $  3,400 $  3,400
Total Cost of Attendance $56,100 $36,500 $56,100 $36,500

 

Family Contributions
  Student A Student B Student C Student D
Parent Contribution* $  0 $  0 $10,000 $  5,000
Student Income Contribution (1) $  3,000 $   3,000 $   3,000 $   3,000

 

Financial Aid Package
  Student A Student B Student C Student D
Federal Pell Grant ** $  5,550 $  0 $  0 $  0
Yale Scholarship (2) $39,200 $19,600 $39,200 $19,600
Total Aid $44,750 $19,600 $39,200 $19,600
         
Unmet Need (3) $  8,350 $13,900 $  3,900 $  8,900

 

*These examples are for illustrative purposes only. Actual calculated parent and student contributions can vary.
**Federal Pell Grant is an entitlement and will not be considered in determining the tuition scholarship.

1. May be higher in some cases
2. Not to exceed tuition cost
3. Can be met with additional loans or other means of financing