<p>first off – Yale offers no merit aid, which means that any financial aid offered will be based on what the school calculates your demonstrated need is. They look at the assets and income of both parents and the student and calculate what they feel the family should be paying – and they do expect parents to make sacrifices in their current living situation to pay, borrow against assets or sell them, use savings for college and they expect the student to work – both during the year and during the summer to pay towards their schooling. Most families are surprised by the amount that the school expects them to pay – and your parents can always tell you no and the school will still expect the same payment.</p>
<p>Yale is need-blind for international students – but yale is extrememely competitive for admissions and even more competitive for internationals, Asians and transfer students (they take only a few each year and most from peer institutions). so – you are in the most competitive group at an extremely competitive school. Your chances of admissions even with excellent stats are slim – so make sure you aren’t counting on it.</p>
<p>Any financial aid package will be made up of different parts – grants that do not have to be paid back, loans that do have to be paid back and work-study where you work during the school year and earn money.</p>
<p>finally – schools do not have to meet that demonstrated need. They can “gap” you however they wish. Yale is a school that meets demonstrated need – but they are the ones that calculate the need and it may be different than you expect.</p>
<p>Spend some time reading the different threads here on CC and at Yale. here are some to start you off:</p>
<p><a href=“http://www.yale.edu/admit/international/financial_aid/index.html[/url]”>http://www.yale.edu/admit/international/financial_aid/index.html</a></p>
<p><a href=“http://talk.collegeconfidential.com/showthread.php?t=151609[/url]”>http://talk.collegeconfidential.com/showthread.php?t=151609</a></p>