Over half of all Yale College students rely on financial aid from the university to attend Yale. Generous donors who support financial aid through Alumni Fund gifts or endowed scholarships help open the doors of Yale for exceptional students from across the world.

A new policy starting in the 2022–2023 academic year will reduce the amount that students are expected to contribute to their Yale educations. For all students receiving aid, a need-based Yale scholarship and an affordable parent contribution will cover the full cost of tuition, housing, meals, and travel. Yale will expect students to cover only the cost of their own books and personal expenses, such as outings, laundry, and other necessities. The updated policy reduces a typical student’s share of attendance costs by 34% and increases the amount of Yale scholarship funding by $7,500 over four years.

“Need-based financial aid is—by its nature—complex,” says Jeremiah Quinlan ’03, dean of undergraduate admissions and financial aid, “but we strive to communicate a clear message to all students: if you are admitted, cost will not be a barrier for your family.”

Read more about the most recent enhancements to undergraduate financial aid.