curious bobcat wrote:KissMyAxe wrote:haverchuck wrote:curious bobcat wrote:haverchuck wrote:Does anyone know how much the maximum financial aid at Yale would be?
I'm not 100% sure, but my understanding is that their calculation goes as such:
Student budget - your contribution (you + your parents, if applicable) - Unit loans (~44k this year) = need based grant.
So, if you want to figure out the max possible, just subtract the unit loan everyone has to take out from the student budget. Both of these numbers can I be found online. I think the result will be something around ~40k
Ah thanks. I'm just trying to see if it's worth negotiating my aid package.
I'm pretty sure max need aid is around $36,000 a year. That's with 0 parental contribution and the minimum contribution they expect all students to have. But no, you're not going to have any luck negotiating your aid package. Whatever they give you is set in stone, and there's no one they want so much they'll bend those rules.
And congrats on the new admits/commits. Looking forward to meeting you all. Again, feel free to PM me if you want to connect on facebook.
What is this minimum contribution? I emailed w/ financial aid, and they told me that if my assets are "0" then my grant aid will be [COA-unit loans-parental contribution]. I also can't find any mention of a minimum contribution in here: https://www.law.yale.edu/system/files/a ... _Final.pdf
iirc if you're not working over the summer, they expect a $2500 contribution. If you're working, they allow you up to $7500 in living expenses. This is just off the top of my head.