Affording Medical School

At Yale School of Medicine (YSM), we believe that financial concerns should never stand between you and your future in medicine. We are proud to offer some of the most competitive financial aid packages in the country and committed to maximizing aid for every student who demonstrates need.

Financial aid is funding designed to help make your education more affordable. At YSM, aid comes in two forms:

• Scholarships - money awarded to support your education that you never have to repay.
• Loans - borrowed funding to cover tuition and living expenses, with repayment typically deferred until after graduation.

Your eligibility is based on calculated need which is the difference between the estimated cost of attendance and your family's expected contribution.

Who qualifies for financial aid?

YSM's need-based aid supports families across a wide range of income levels.

• Even if your family earns over $150,000 annually, you may still qualify for aid based on your financial circumstances.
  
• Students aged 30 and older are no longer required to submit parental information.

Most students with calculated financial need can graduate with only $40,000 of debt, significantly less than the 2025 national average of $223,000.

Financial aid applications are reviewed annually, ensuring your support stays aligned with your needs.

• Prospective students receive their eligibility notification right after admission.
  
• Continuing students receive rolling notifications beginning in mid-May.