Tuition and Cost to Attend Yale University

Annual Total Cost

The annual total list price cost to go to Yale University was $60,900 for the 2013/2014 academic year. The cost is the same for all students regardless of Connecticut residence status as there is no in-state discount. The breakdown of this total cost is detailed as follows.

Undergraduate Tuition

Tuition for Yale University is $44,000 for the 2013/2014 academic year. This is 80% more expensive than the national average private non-profit four year college tuition of $24,476. Yale University is one of the 100 most expensive colleges in the America, coming in 62nd on our Expensive 100 Ranking. The cost is $21,756 and 98% more expensive than the average Connecticut tuition of $22,244 for 4 year colleges. Tuition ranks 27th in Connecticut amongst 4 year colleges for affordability and is the 4th most expensive 4 year college in the state. Price does not vary by residence.

Housing Costs

On campus room and board is provided by the school at a cost of $13,500 per year. If you elect to live off campus elsewhere in New Haven, you should budget at least this amount.

Books and Supplies

The estimated annual cost for books and supplies is $3,400.

Cost Itemization

Costs and Tuition Detail for Yale University
Expenditure Price
Connecticut Resident Total Cost$60,900
Non-Resident Total Cost$60,900
   In-State Tuition$44,000
   Out-of-State Tuition$44,000
   Other Fees$0
   Room and Board$13,500
   Books and Supplies$3,400

All price data are reprinted from the U.S. Department of Education's 2013-2014 and 2012-2013 IPEDS Survey and represent reported costs for the 2013-2014 and 2012-2013 academic years.

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What it Really Costs

Depending on many factors including student and parent income and assets, the total cost of attendance may be less than the $60,900 published price if scholarship or grant aid is made available to you.

Net Price

The net out of pocket price you end up paying or financing though student loans is known as the net price. The reported Yale University net price for in-state students receiving aid was $18,934* for the 2010/2011 academic year.

Pell Grants and other Grant Aid

58% of Yale University students received grant aid in 2010/2011 to help defray the cost of tuition. The average total aid amount was $37,091. 14 percent of students received aid in the form of Pell Grants from the U.S. Federal Government. The average Pell Grant awarded for 2010/2011 was $4,165. To apply for a Pell Grant to attend Yale University, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).

Net Price and Financial Aid for Yale University
Financial Aid Summary
Average Annual Net Price$18,934*
Percent of Students Receiving Grant Aid58%
Average Total Grant Aid$37,091
Percent of Students Receiving Pell Grants14%
Average Amount of Pell Grant Aid$4,165

Average Financial Aid Mix - $60,900 In-State Total Cost

Estimated coverage of the annual in-state tuition and living expenses of $60,900. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.

37091
5520
18289

 61% - $37,091

Grants and Scholarships

Money granted to you by the U.S. Department of Education or Yale University. These are not loans and do not need to be repaid.

 9% - $5,520

Federal Loans

Low interest student loans funded by the U.S. Department of Education. This amount will need to be repaid.

 30% -  $18,289

Out of Pocket

Covered by family savings, work or private student loans which you will have to repay.

*Reported Average Annual Net Price for students receiving grant or scholarship aid reported to the U.S. Department of Education's 2011-2012 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

Note that for colleges with no reported on-campus room and board, the average net price has been increased to account for living expenses. This number may not only reflect the net price paid to the school for tuition.


Is it Worth the Cost?

To make a comparative assessment if Yale University is worth the price, measures of it's relative value for tuition dollar can be examined. We've calculated an academic national percentile rating of 99/100 for Yale University. Considering an average net price paid of $18,934, this leads to an overall value ranking of 81/100. This places the school 37th on our national Best Value Colleges ranking as a provider of a very high value education compared to actual overall price paid.

Cost of a Degree

When considering the cost to go to Yale University, the annual cost is often discussed but it's the "all in" multi-year degree cost which matters in the end. Let's take a look at what it could really cost for four years at Yale University.

Estimated 4 Year Cost at Published Tuition

At the current published rates, an estimated total tuition, fees and living expense price for a 4 year bachelor's degree at Yale University is $243,600 for students graduating in normal time. This methodology for estimating the 4 year cost is a straight multiple of the most recent reported annual total cost and does not factor in tuition increases during the time you're in school. It also assumes you receive no grant or scholarship aid and pay the full list price.

A potentially more accurate but less conservative estimate of a degree cost can be made by using the school's annual $18,934 in-state net price as the basis. Applying this cost over 4 would estimate the cost of a degree at $75,736**

If you end up on the "five year plan" and need an additional year to graduate, your five year cost could be as high as $304,500 or $94,670 using an average net price.

**Based on a 4 year multiple of Average Annual Net Price for students receiving grant or scholarship aid reported to the U.S. Department of Education's 2011-2012 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

Other Costs

Estimated Cost Per Semester

Most colleges don't charge students on an annual basis but instead require payment semester by semester. If you ever need to take an additional semester of classes to complete you degree you shouldn't have to pay for a full academic year. These our estimated costs for a semester at Yale University.

Connecticut Resident Tuition Per Semester$22,000
Connecticut Resident Total Cost Per Semester$30,450


Student Loans and Debt

The second consideration after understanding the cost of college is determining how to finance it. Some students are fortunate enough to have some form of family financial assistance, but student loans end up financing a significant portion of higher education in the U.S. 10% of Yale University students receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $5,520. The reported average student debt upon graduation is $8,940.

Example Loan Payments and Costs

How much are student loan payments for Yale University? Obviously this varies based on a number of factors - offsetting financial aid you receive, percentage of fee you pay upfront while enrolled and the interest rate on your loans. We've modeled a sample student loan based on current Stafford loan rates to give you an approximate idea.

The following are the costs for a loan if you borrowed $75,736, 100% of the estimated average net price for a four year program and paid nothing while enrolled. The total of all payments including interest would sum $94,892.43. This could be your effective total out of pocket cost of an education at Yale University. Note that this calculation assumes you don't pay full list price tuition, are part of the reported 58% of students at this school who receive financial aid and you are paying an average annual net price of $18,934. If you do not financially qualify for a reduced net price, your student loan payments could be significantly higher than this example. Use our Yale University student loan calculator below to change loan assumptions and recalculate.

Student loans are not free money and must be repaid. You cannot dismiss student loans by via bankruptcy.

Yale University Student Loan Payments
Example Payments
Monthly Loan Payment$790.77
Amount Borrowed$75,736.00
Interest Rate4.7%
Term10 years
Number of Monthly Payments120
Total Interest Cost$19,156.43
Sum of All Payments over 10 years$94,892.43

Affording Student Loan Payments and Post Graduation Salary

Can I afford to attend Yale University? In the end, the answer comes down a determination if you will earn enough to comfortably pay back a student loan with your post graduation salary. This is an extremely important point to consider. In order to afford student loan payments and still meet all your other costs of living, it is recommended not to borrow more than you can pay back using 10% of your monthly income earned after graduation. If you're considering attending Yale University, you need to carefully consider if it will be realistic to make the post graduation loan payments based on your expected salary.

Using the 10% of salary threshold, an annual income of $94,892.43 would be needed to afford a $790.77 monthly payment in the example $75,736.00 loan modeled above. You will need to determine if it is at all realistic that you will be earning this type of salary after graduation. This assumes a loan payback over 10 years. You can change the terms of this example loan using the student loan calculator below.

For Profit / Not For Profit Status

Yale University is a private not for profit institution.

Estimated Future Cost and Expected Tuition Increase

What will it cost to send your child to Yale University in the future? In the past five years, this school's published in-state tuition and fee total rose from $33,030 to $40,500. This amounts to an average annual price increase of 4.5%. Nationally, university tuition prices are rising around 5% per year. Looking out five, ten, fifteen or eighteen years, these are CollegeCalc's estimates how much you could expect to pay for a 4 year degree assuming tuition increases at the national average rate. Estimated future prices are based on the current 4 year cost of $243,600.00. Use the college savings plan calculator below to perform a more comprehensive analysis on future costs and how much you will need to save for Yale University.

Annual4 Year Degree
Estimated Cost in 5 years for students enrolling in 2019$83,752$335,007
Estimated Cost in 10 years for students enrolling in 2024$106,891$427,563
Estimated Cost in 15 years for students enrolling in 2029 $136,423$545,691
Estimated Cost in 18 years for students enrolling in 2032 $157,926$631,705

Tuition History

What was tuition at Yale University five, ten, fifteen or twenty years ago? Hop into our time machine and take a look. Pay attention to how aggressive the school has been with price increases the past as it provides indication as to how the school may raise tuition in the next few years if you enrolled. Historical tuition and fees for all available data years back to 1988 follows.

YearTuitionAnnual Increase
2010$36,5003.4%
2009$35,3002.2%
2008$34,5304.5%
2007$33,0305%
2006$31,4605.5%
2005$29,8205%
2004$28,4004.7%
2003$27,1303.9%
2002$26,1003.5%
2001$25,2202.7%
2000$24,5523.2%
1999$23,7802.9%
1998$23,1004.1%
1997$22,2005.7%
1996$21,0005.8%
1995$19,8406.5%
1994$18,6306.5%
1993$17,5007.4%
1992$16,3007.4%
1991$15,1808.4%
1990$14,0005.8%
1989$13,2307%
1988$12,3606.9%
1987$11,560

Cost for Popular Majors

Below are the most popular undergraduate areas of study at Yale University ranked by degrees conferred during the 2010/2011 academic year along with their estimated total program cost. Please consult the school's website for further information as actual costs for specific program may vary. Price estimates assume graduation in normal time. Our methodology for estimating these costs is a two or four year multiple of the current one year tuition and living cost of $60,900. Associates degrees are assumed to be completed in two years and bachelors degrees are assumed to take four years.

Area of Study Graduates Estimated Degree + Living Expense Cost
International/Global Studies Bachelor's Degree 50 $243,600
4 year estimate
American/United States Studies/Civilization Bachelor's Degree 34 $243,600
4 year estimate
Environmental Studies Bachelor's Degree 21 $243,600
4 year estimate
Political Science and Government, General Bachelor's Degree 18 $243,600
4 year estimate
Sociology Bachelor's Degree 17 $243,600
4 year estimate
Economics, General Bachelor's Degree 13 $243,600
4 year estimate
Bioengineering and Biomedical Engineering Bachelor's Degree 13 $243,600
4 year estimate
Mathematics, General Bachelor's Degree 11 $243,600
4 year estimate
Psychology, General Bachelor's Degree 9 $243,600
4 year estimate
East Asian Studies Bachelor's Degree 9 $243,600
4 year estimate
Computer and Information Sciences, General Bachelor's Degree 9 $243,600
4 year estimate
Mechanical Engineering Bachelor's Degree 7 $243,600
4 year estimate
Electrical and Electronics Engineering Bachelor's Degree 6 $243,600
4 year estimate
Astronomy and Astrophysics, Other Bachelor's Degree 5 $243,600
4 year estimate
Music, General Bachelor's Degree 5 $243,600
4 year estimate
Computer Programming, Specific Applications Bachelor's Degree 5 $243,600
4 year estimate
Engineering Physics/Applied Physics Bachelor's Degree 4 $243,600
4 year estimate
Engineering Science Bachelor's Degree 4 $243,600
4 year estimate
Biology/Biological Sciences, General Bachelor's Degree 4 $243,600
4 year estimate
Area Studies, Other Bachelor's Degree 4 $243,600
4 year estimate
Environmental/Environmental Health Engineering Bachelor's Degree 3 $243,600
4 year estimate
Physics, General Bachelor's Degree 3 $243,600
4 year estimate
African Studies Bachelor's Degree 3 $243,600
4 year estimate
Latin Language and Literature Bachelor's Degree 3 $243,600
4 year estimate
English Language and Literature, General Bachelor's Degree 3 $243,600
4 year estimate
Humanities/Humanistic Studies Bachelor's Degree 3 $243,600
4 year estimate
African-American/Black Studies Bachelor's Degree 3 $243,600
4 year estimate
Ethnic, Cultural Minority, Gender, and Group Studies, Other Bachelor's Degree 3 $243,600
4 year estimate
Art/Art Studies, General Bachelor's Degree 3 $243,600
4 year estimate
Art History, Criticism and Conservation Bachelor's Degree 3 $243,600
4 year estimate
History, General Bachelor's Degree 2 $243,600
4 year estimate
Chinese Language and Literature Bachelor's Degree 2 $243,600
4 year estimate
Spanish Language and Literature Bachelor's Degree 2 $243,600
4 year estimate
Ancient/Classical Greek Language and Literature Bachelor's Degree 2 $243,600
4 year estimate
Latin American Studies Bachelor's Degree 2 $243,600
4 year estimate
South Asian Studies Bachelor's Degree 2 $243,600
4 year estimate
Women's Studies Bachelor's Degree 2 $243,600
4 year estimate
Applied Mathematics, General Bachelor's Degree 2 $243,600
4 year estimate
Philosophy Bachelor's Degree 2 $243,600
4 year estimate
Astronomy Bachelor's Degree 2 $243,600
4 year estimate
Chemistry, General Bachelor's Degree 1 $243,600
4 year estimate
Geology/Earth Science, General Bachelor's Degree 1 $243,600
4 year estimate
Linguistics Bachelor's Degree 1 $243,600
4 year estimate
Anthropology Bachelor's Degree 1 $243,600
4 year estimate
Archeology Bachelor's Degree 1 $243,600
4 year estimate
Germanic Languages, Literatures, and Linguistics Bachelor's Degree 1 $243,600
4 year estimate
French Language and Literature Bachelor's Degree 1 $243,600
4 year estimate
Italian Language and Literature Bachelor's Degree 1 $243,600
4 year estimate
Ancient Near Eastern and Biblical Languages, Literatures, and Linguistics Bachelor's Degree 1 $243,600
4 year estimate
Classics and Classical Languages, Literatures, and Linguistics Bachelor's Degree 1 $243,600
4 year estimate
Near and Middle Eastern Studies Bachelor's Degree 1 $243,600
4 year estimate
Russian Studies Bachelor's Degree 1 $243,600
4 year estimate
English Language and Literature/Letters, Other Bachelor's Degree 1 $243,600
4 year estimate
German Studies Bachelor's Degree 1 $243,600
4 year estimate
Biochemistry and Molecular Biology Bachelor's Degree 1 $243,600
4 year estimate
Statistics, General Bachelor's Degree 1 $243,600
4 year estimate
Drama and Dramatics/Theatre Arts, General Bachelor's Degree 1 $243,600
4 year estimate
Film/Cinema/Video Studies Bachelor's Degree 1 $243,600
4 year estimate
Cognitive Science Bachelor's Degree 1 $243,600
4 year estimate
Multi-/Interdisciplinary Studies, Other Bachelor's Degree 1 $243,600
4 year estimate
Religion/Religious Studies Bachelor's Degree 1 $243,600
4 year estimate
Jewish/Judaic Studies Bachelor's Degree 1 $243,600
4 year estimate
Architecture Bachelor's Degree 1 $243,600
4 year estimate
Chemical Engineering Bachelor's Degree 1 $243,600
4 year estimate

About Yale University

Yale University is a four year private college located in New Haven, Connecticut.  Full time enrollment is 11,530 and part time is 170.  For the 2011/2012 school year, the school received 27,283 applicants. 2,109 were admitted and 1,349 enrolled.

Students attending this school may pursue both undergraduate and graduate degrees.

Learn more about getting in to Yale University at CollegeSimply.

Address
Yale University
Woodbridge Hall
New Haven, Connecticut
6520

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