<p>My family makes less than 50,000 a year. I dont think I can afford to attend Yale College.
But, is there any chance that I can get a full ride. Free tuition and hopefully room and board at least?
THANKS!</p>
<p>If you get accepted at Yale with an annual family income of $50K, you will be able to afford to attend. They have excellent need based financial aid for low income families.</p>
<p>From the Yale financial aid initiative announced in 2008:</p>
<p>“Families earning less than $60,000 annually will not make any contribution toward the cost of a child’s education, and families earning $60,000 to $120,000 will typically contribute from 1% to 10% of total family income. The contribution of aided families earning above $120,000 will average 10% of income.</p>
<p>"Yale also is increasing the number of families who qualify for aid, eliminating the need for students to take loans, enhancing its grants to families with more than one child attending college, exempting the first $200,000 of family assets from the assessment of need, and increasing expense allowances for foreign students during school vacation periods. Yale calculates financial aid by taking into consideration a family’s total income and assets, family size and number of children in college, family medical bills, state of residence, and a number of other factors.”</p>