How do I use the Yale University net price calculator?

I'm looking into financial aid options at Yale, and I've heard that the net price calculator can be useful. How accurate is it, and how do I get started with it? Any tips on using it effectively?

The Yale University net price calculator is a valuable tool to get an estimate of how much money you might be expected to pay out-of-pocket and what aid you may be eligible for if you attend Yale. Here's the general process for using it:

Firstly, navigate to the Yale University's financial aid page. There, you should find a link to the net price calculator. Click on it to get started.

You'll need to provide some personal and financial information in order to get an accurate estimate. This includes your family's income, your academic information, and your financial assets. Make sure to be ready with your (and your parent's) most recent tax returns and all relevant financial information like income and savings. The more correct and precise the information you input, the more precise your estimated cost of attendance will be.

Now, answer the questions in the net price calculator as truthfully and accurately as possible. Be careful about estimating values too much or rounding, as this could skew your results.

Once you've input all the necessary information, the calculator will give you an estimate of your expected family contribution (EFC), the amount of federal and institutional aid you might be eligible for, and the net price—how much your family would likely need to contribute out of pocket for you to attend Yale.

Just keep in mind that this is only an estimate, though it's usually fairly accurate. Your actual financial aid package may be different depending on other factors (e.g., changes in financial or family circumstances, updated policies etc.). Be sure to apply for financial aid to get your real financial aid offer.

Finally, it can be helpful to use the net price calculator for a range of colleges. This can give you a sense of how the costs might compare from one college to another. Remember, though, every college’s calculator might ask different questions and they might calculate aid differently. Therefore, try to answer as consistently as you can across calculators for a more valid comparison.