The cost of completing a college degree in the U.S. has continued to increase. Some colleges and universities offer enough financial support to make them practically free to attend. Most of these universities are private, and about two-thirds are liberal arts, according to a recent U.S. News and World Report survey. Half decide how much they provide a student by the financial need of the family (after looking at the FAFSA form). Others base their contribution on merit alone.
One place where a Full Ride is possible is Yale University, ranked number 3 (tied) in the nation by U.S. News. Yale is located in the city of New Haven, Connecticut. It was founded in 1701, making it one of the oldest universities in the country. The campus covers 343 acres. The current undergraduate population is 5,532 students. It’s a world renown university which provides a world class education.
The application deadline at Yale is January First. The early action deadline is November First. There’s an $80 fee to apply to the university. ACT or SAT test scores are due on March First. The acceptance rate is only 7%.
The cost of tuition and fees for a year at Yale is $47,960, (2016-2017). But with a Full Ride, this doesn’t matter. Most colleges that provide a Full Ride do so by combining student loans, scholarships, grants and a work-study program. The most important aspect of planning to go to any such university is to make sure that the amount of student loan required is zero, or close to it. The rest of the aid is free money. It never has to be paid back. It’s prudent to attend college somewhere that provides a suitable education without leaving the graduate with a mountain of student loan debt.
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