9/13/2023 0 Comments Step up for students income limits![]() ![]() Financial aid officers review every aid application carefully to ensure they understand each family’s individual financial situation. Yale’s financial aid evaluation process is holistic. Understanding the Yale financial aid offer * Most who qualify have multiple children in college. The table below shows median financial aid awards for families of first-year students in the Class of 2023 who applied for aid. Some families with over $200,000 in annual income receive need-based aid from Yale. There is no income cutoff for financial aid awards.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%.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.Instead, Yale financial aid awards includes a Yale Scholarship, a parent contribution, and a small student contribution. Yale does not expect students to take out loans.This includes undocumented students living in the US, with or without DACA status. Yale meets 100% of demonstrated financial need for all admitted students regardless of citizenship or immigration status.All of Yale’s undergraduate financial aid is awarded on the basis of financial need.The Q uick Cost Estimator is a good starting point for exploring what Yale’s need-based financial aid policies would mean for your family. 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. 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. ![]()
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