Tuition and Cost to Attend Yale University

CollegeCalc Highest List Price Rank - 63rd

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.

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 63rd on our Expensive 100 Ranking. The cost is $21,539 and 96% more expensive than the average Connecticut tuition of $22,461 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 academic year. Students electing to live off campus elsewhere in New Haven should budget at least this amount.

Books and Supplies

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

Costs and Tuition for Yale University
Expenditure Price
Connecticut Resident Total Cost $60,900
   In-State Tuition$44,000
   Other Fees$0
   Room and Board$13,500
   Books and Supplies$3,400
Non-Resident Total Cost $60,900
   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 total cost 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 $18,479* for the 2011/2012 academic year. This net price includes housing and meal expenses.

Pell Grants and other Grant Aid

58% of Yale University students received grant aid in 2010/2011. 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$18,479*
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 Net Price by Family Income

The average net total cost of attendance for different levels of family income after federal, state or local government, institutional grant and scholarship aid are awarded. Data last reported for the 2011-2012 academic year.

Family Income Avg. Net Price
$0 to $30,000$7,852
$30,001 to $48,000$8,071
$48,001 to $75,000$12,309
$75,001 to $110,000$17,147
$110,000+$36,442

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

CollegeCalc has estimated typical 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.

61%
9%
30%

Grants and Scholarships

 61% - $37,091

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

Federal Loans

 9% - $5,520

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

Out of Pocket

 30% -  $18,289

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 38th on our national Best Value Colleges ranking as a provider of a very high value education compared to actual overall price paid.

Tuition Comparison to Similar Private Colleges in the Region

School Cost vs. Yale University
Wesleyan University6.1% more expensive
Vassar College7.2% more expensive
Barnard College2% less expensive
Columbia University in the City of New York6.5% more expensive
Cooper Union for the Advancement of Science and Art10% less expensive

Cost of a Degree

When considering ability to pay for college, 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.

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

Comparable Cost for Popular Majors

We've compared the out of state cost of the most popular undergraduate areas of study at Yale University to the national average for all other colleges offering the same major. Use this comparison to determine particular programs where this school offers value relative to other colleges.

Area of Study Graduates vs National Avg
International/Global Studies Bachelor's Degree 50 57% costlier
American/United States Studies/Civilization Bachelor's Degree 34 34% costlier
Environmental Studies Bachelor's Degree 21 42% costlier
Political Science and Government, General Bachelor's Degree 18 65% costlier
Sociology Bachelor's Degree 17 67% costlier
Bioengineering and Biomedical Engineering Bachelor's Degree 13 35% costlier
Economics, General Bachelor's Degree 13 55% costlier
Mathematics, General Bachelor's Degree 11 68% costlier
Psychology, General Bachelor's Degree 9 71% costlier
East Asian Studies Bachelor's Degree 9 22% costlier
Computer and Information Sciences, General Bachelor's Degree 9 87% costlier
Mechanical Engineering Bachelor's Degree 7 62% costlier
Electrical and Electronics Engineering Bachelor's Degree 6 63% costlier
Astronomy and Astrophysics, Other Bachelor's Degree 5 22% costlier
Music, General Bachelor's Degree 5 67% costlier
Computer Programming, Specific Applications Bachelor's Degree 5 65% costlier
Engineering Science Bachelor's Degree 4 45% costlier
Biology/Biological Sciences, General Bachelor's Degree 4 70% costlier
Area Studies, Other Bachelor's Degree 4 37% costlier
Engineering Physics/Applied Physics Bachelor's Degree 4 42% costlier
Latin Language and Literature Bachelor's Degree 3 31% costlier
Art/Art Studies, General Bachelor's Degree 3 75% costlier
African Studies Bachelor's Degree 3 21% costlier
African-American/Black Studies Bachelor's Degree 3 46% costlier
Ethnic, Cultural Minority, Gender, and Group Studies, Other Bachelor's Degree 3 41% costlier
English Language and Literature, General Bachelor's Degree 3 71% costlier
Physics, General Bachelor's Degree 3 57% costlier
Art History, Criticism and Conservation Bachelor's Degree 3 40% costlier
Humanities/Humanistic Studies Bachelor's Degree 3 60% costlier
Environmental/Environmental Health Engineering Bachelor's Degree 3 46% costlier
Astronomy Bachelor's Degree 2 33% costlier
Ancient/Classical Greek Language and Literature Bachelor's Degree 2 20% costlier
Chinese Language and Literature Bachelor's Degree 2 30% costlier
South Asian Studies Bachelor's Degree 2 23% costlier
Spanish Language and Literature Bachelor's Degree 2 60% costlier
Women's Studies Bachelor's Degree 2 45% costlier
Philosophy Bachelor's Degree 2 52% costlier
History, General Bachelor's Degree 2 68% costlier
Latin American Studies Bachelor's Degree 2 31% costlier
Applied Mathematics, General Bachelor's Degree 2 54% costlier
Drama and Dramatics/Theatre Arts, General Bachelor's Degree 1 62% costlier
Germanic Languages, Literatures, and Linguistics Bachelor's Degree 1 64% costlier
German Studies Bachelor's Degree 1 26% costlier
Geology/Earth Science, General Bachelor's Degree 1 66% costlier
English Language and Literature/Letters, Other Bachelor's Degree 1 50% costlier
Italian Language and Literature Bachelor's Degree 1 34% costlier
Multi-/Interdisciplinary Studies, Other Bachelor's Degree 1 65% costlier
Religion/Religious Studies Bachelor's Degree 1 45% costlier
Ancient Near Eastern and Biblical Languages, Literatures, and Linguistics Bachelor's Degree 1 86% costlier
Archeology Bachelor's Degree 1 29% costlier
Near and Middle Eastern Studies Bachelor's Degree 1 17% costlier
Statistics, General Bachelor's Degree 1 52% costlier
Chemical Engineering Bachelor's Degree 1 52% costlier
Chemistry, General Bachelor's Degree 1 65% costlier
Film/Cinema/Video Studies Bachelor's Degree 1 38% costlier
Architecture Bachelor's Degree 1 45% costlier
French Language and Literature Bachelor's Degree 1 50% costlier
Cognitive Science Bachelor's Degree 1 27% costlier
Anthropology Bachelor's Degree 1 53% costlier
Biochemistry and Molecular Biology Bachelor's Degree 1 40% costlier
Jewish/Judaic Studies Bachelor's Degree 1 40% costlier
Classics and Classical Languages, Literatures, and Linguistics Bachelor's Degree 1 32% costlier
Linguistics Bachelor's Degree 1 40% costlier
Russian Studies Bachelor's Degree 1 25% costlier

Calculators

Use the calculators below to formulate a college savings plan for Yale University or model a student loan.

College Savings Calculator

Plan and Save for College

Discover how much will you need to start saving now to afford Yale University in the future.

Student Loan Calculator

Estimate Loan Payments

Modify the loan assumptions to fit your financial situation and likely tuition price. Then calculate your payoff and loan payments for a Yale University student loan.

Prepayment Option

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.

Address
Yale University
Woodbridge Hall
New Haven, Connecticut
6520

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Yale University is a private not for profit institution.

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