<p>Apparently URM ( I am African American) status is the way to go, but what about financial aid? Can a seriously low income kill or catapult my chances as a URM with a 4.26 in a public exam school, tons of EC's, state and national awards, +2000 scores, and a family income that totals approximately 6000 bucks a year due to a disabled parent? As in, would a URM with an income that far surpasses mine and, thus, will not cost Yale as much in financial aid as me, be more desirable? A lot of the stats I see of accepted URM Yalies on here have incomes that dwarf mine by at least a factor of 10, if not more. I don't have the most impressive stats but from the cards I was dealt I definitely played the best hands and i'd hate to lose my chance at Yale because someone else was dealt slightly better cards than me financially.</p>
<p>Your low income will not hurt your chances at all; Yale has need-blind admissions. In fact, having overcome your financial obstacles could help your application.</p>
<p>Yale admissions is need-blind. They won’t judge you based on whether or not you can afford their full tuition. In fact, I think that it’s quite admirable for you to have achieved so much despite being in a difficult situation. I think you’ll be ok :)</p>
<p>Totally agree with all of the above. Just to extrapolate a bit, those with higher incomes are more likely to get into college, and affirmative action policies benefit wealthy URMs more than any other group. Yale has a massive endowment and can certainly afford its generous financial aid policies.</p>
<p>I thought Yale really likes socioeconomic diversity and would rather accept a less wealthy URM over a wealthy one.</p>
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<p>The other poster was just saying that wealthy URMs benefit the most because they have a great opportunity to succeed (test prep for SATS, taking it multiple times, etc).</p>
<p>Most of financial aid for US people comes from the government. The college/university gets a specific amount from the gov and then distributes it accordingly. However, the school does get money and that is used to fund internationals, merit aid, and other stuff to keep the school running (paying employees, food, utilities, etc).
I can’t be sure which is best but i can say that they have a statistic for percent first generation (mostly less wealthy URMs whos parents immigrated to US) which means that that would be beneficial.</p>
<p>^ I think this is for public schools? Yale has their own endowment that they invest and run the university with, among that is the financial aid packages. I assure you, your low income will not hurt you, and more importantly(possibly) if they accept you, they WILL make it possible for you to go. Best of luck</p>