Yale’s need-based grant aid for undergraduates, the Yale Scholarship, is a gift and thus never has to be repaid. If a student is awarded financial aid, the Yale Scholarship amount is included on the Financial Aid Award Letter.
The Yale Scholarship can vary from a few hundred dollars to over $70,000 per year; the average Yale need-based scholarship is over $50,000. For additional statistics, see Affordability. Area Yale Club awards, endowed scholarships, and other gift aid from Yale’s alumni and friends may be used as grants in place of some Yale Scholarship funds.
While Yale does not award merit-based scholarships, Yale students often qualify for merit awards from other organizations. Criteria for receiving merit scholarships are directly linked to a student’s performance in academics, sports, music, or another field of special interest. Potential sources for merit-based awards include:
- private companies
- nonprofit organizations
You can find resources to help you search for merit-based scholarships under Sources for Outside Aid.
We encourage you to pursue outside aid awards, which can significantly reduce or eliminate your Student Share amount (see below). All outside aid that is paid directly to Yale is included on the term bill as anticipated credits, thus reducing the amount due.
How merit scholarships affect the financial aid award
- ⇒Please note: Some merit scholarships, such as the Gates Millennium Scholarship and NCAA Grant, may also cover the cost of Yale Health hospitalization/specialty care insurance. If allowed by the awarding agency, a merit scholarship may also cover the cost of a computer for incoming students whose outside aid exceeds the Student Share. If you have questions about whether these circumstances apply to you, contact our office.
Website link: https://finaid.yale.edu/costs-affordability/types-aid/scholarships-and-grants#YS