Student Budget & Cost of Attendance

 Our financial aid awards for 2013-2014 are based on a budget of tuition and fees plus allowances for living expenses, books, etc. These budgets reflect our estimate of the cost of a moderate style of living in New Haven for the nine-month academic year.  

Components of the 2013-2014 Basic Budget

Tuition	$52,400
University Administrative & Activities Fee 1	$2,250
Room, Board, & Personal Expenses	$17,000
Books	$1,100
University Hospitalization Coverage 2	$1980
TOTAL	$74,730

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.

Travel:
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. At this time the rates for 2013-2014 hospitalization insurance have yet to be established. However in 2012-2013 these rates were: $1,620 for single students, $6,650 for students with one dependent and $11,294 for family coverage for spouse and/or dependent(s). All of the above include maternity coverage. In addition, a student may obtain Prescription Plus Coverage for an additional amount (in 2012-2013) of $360 for single students, $720 for students with one dependent and $1,080 for family coverage. The cost of hospitalization insurance for 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 Health Expense form 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.

Children:
For students with dependent children, an allowance of $5,000 for each child is added to the applicable budget.

Extraordinary Expenses:
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.