Student Budget & Cost of Attendance
|University Administrative & Activities Fee 1||$2,250|
|Room, Board, & Personal Expenses||$17,000|
|University Hospitalization Coverage*||$2,040|
* Note that to date University Health Coverage costs for 2014-2105 have not been set- as such this budget presently defaults to the 2013-2014 rate.
Room, board and personal expenses:
This allocation represents a reasonable student expense for housing, utilities, food and other personal expenses. It is the same for all students whether they live on-campus or off-campus.
An additional allocation will be made to the cost of attendance to account for travel costs from the student's permanent home address (as reported on the Need Access and/or FAFSA) to New Haven based on a universal assessment of average travel costs on a state by state or by country basis.
Health services coverage:
Mandatory fees include membership in the Yale Health Plan (YHP), a comprehensive pre-paid group practice plan. In addition, students who are not enrolled in a hospitalization plan must obtain hospitalization coverage either through the University or another source. Note that 2014-2015 rates have not yet been set. For 2013-2014, however, Yale Health Plan membership fees were set at $2,040 for single students, $7,592 for two party coverage and $12,746 for family coverage The cost of single student coverage is automatically added to the basic budget for all students. If a student obtains outside insurance and waives this coverage, this expense will be removed from the student’s bill and the student’s financial aid award. If a student has dependents and will be enrolling in the two-person or family coverage plan, a Budget Revision form (with documentation of enrollment) must be completed and submitted to the Financial Aid Office for a budget adjustment (available at our website in the ‘Forms’ section for download). Additional financial aid for this expense is available in the form of a student loan.
For students with dependent children, an allowance of $5,000 for each child is added to the applicable budget.
Adjustments to the basic budget may be made in the event of extraordinary expenses and special needs (e.g., extraordinary medical expenses). Additional financial assistance resulting from such an adjustment will be available in the form of a loan. Students are encouraged to discuss their individual situations with the Financial Aid Office, which is committed to being as responsive and flexible as possible.
Expenses Not Included:
Moving expenses, prior debt, credit card debt and costs associated with automobiles will not be considered part of student budgets in determining eligibility for financial aid.