What Does it Cost to Attend Yeshiva University?

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Founded on Jewish principles, Yeshiva University offers a combined liberal arts and faith-based education. The school draws talented students who want to take advantage of this unique approach to higher education.

 

Despite this significant upside, families can be intimidated by Yeshiva University’s cost of attendance (nearly $60,000). However, it’s important to note that costs can be extremely variable: few students actually pay the list price — the price the university advertises. Instead, many receive financial aid, including government and institutional aid and merit-based scholarships.

 

So, what can you and your student actually expect to pay for a Yeshiva University education? Here’s our breakdown.  

Why Are College Costs So Variable?

Families can’t only consider a college’s list price, also known as the “sticker price,” which is the amount that a student who receives no financial or merit aid or scholarships would pay. This is because very few students actually pay the full list price. Instead, you should look at the net cost of each school on your student’s college list. 

 

Net cost evaluates what families typically pay out-of-pocket by considering three components: federal, state and local government aid, institutional financial aid, and merit scholarships. By considering average net cost and awards to families with a similar financial profile to your own, you can get an idea of what Yeshiva University would actually cost for your student.

What is the List Price at Yeshiva University?

At Yeshiva University, a private institution, the list price is the same for in- and out-of-state students. The total list price, which includes room, board, and tuition, is $58,845. In most cases, the only families who pay the list price are students from high-earning ($175,000 combined salary) families who are also not among the top 30 percent of accepted students at Yeshiva.

What is the Financial Aid Net Price at Yeshiva University?

Much of the assistance that students receive to help finance their college educations is based on their financial need. On average, students who receive financial aid only (no merit scholarships) pay $33,391 per year to attend Yeshiva University.

What is the Family Income-based Cost of Attending Yeshiva University? 

Notably, because financial aid is based on need, the cost of attendance varies greatly depending on a family’s income bracket. Here’s a breakdown of the net cost of attending Yeshiva by family income:

 

Family Income Average Net Price
$0-$30,000 $24,021*
$30,001-$48,000 $20,985
$48,001-$75,000 $29,707
$75,001-$110,000 $34,598
over $110,000 $48,569

 

* Students coming from low-income families often receive Pell Grants to help subsidize the cost of college.

How Many Yeshiva University Students Take out Loans?

Unlike financial aid and scholarships, which are awards (and do not have to be repaid), loans must be repaid after a student graduates. Many families combine loans and other forms of assistance to finance their student’s education. This is true at Yeshiva, where 47 percent of students take out loans; the average loan amount per student is $2,851.

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What are Other Ways to Save on College?

Yeshiva offers a number of merit-based scholarships; these scholarships do not take into account whether or not a student has demonstrated financial need. For example, Deans Scholars, who excelled academically in high school, demonstrate a commitment to Yeshiva University’s philosophy of Torah Umadda, and show leadership potential, receive a deferrable award of $7,500 per year. Prospective recipients do not need to complete a separate application to be considered for this award. Find out more about Yeshiva scholarships on their website.

 

Students should also consider applying for external scholarships. Awarded by numerous organizations, there are scholarships awarded for a variety of reasons: some recognize special talents and achievements of students from minority groups; some are aimed at students who plan to study certain disciplines; some are given to students from a particular town or school. Savvy applicants and their families will begin investigating potential scholarship fits early in the application process to stay on top of deadlines and other requirements.

 

Another scholarship that high-achieving students should consider is the National Merit Scholarship program, which provides recognition and grant money to students in the top one percent of PSAT test takers nationally. Around 15,000 students a year receive funding through this program.

 

In addition to financial support from scholarships, many students also help finance their own education by working part-time or summer jobs. New York City, where Yeshiva University is located, offers plenty of employment opportunities for college students.

Student Outcomes at Yeshiva University

Because college is a significant investment of time and money, students and their families should carefully consider the likely return on that investment. Of course, some benefits of college — like the deepening of faith and values that Yeshiva University fosters — can’t necessarily be quantified; however, there are basic statistics that you and your student can investigate. These outcomes are strong for Yeshiva graduates. 80 percent of students graduate within six years; ten years after graduation, alumni earn an average salary of $58,500.

Local Area Cost Considerations for New York City

The price of college isn’t just dependent on tuition, room and board, and other university fees. The town or city around a college determines what incidental costs your student is likely to face. Yeshiva is located in New York City, where the cost of living index is 314.5 —  214.5 percent higher than the national average cost of living.

 

Students may opt to live in on-campus housing or find an apartment off-campus. Rent can be quite steep in Manhattan, with a one-bedroom costing $3,100 on average. Two- and three-bedrooms apartments cost an average of $3,662 and $4,950 respectively.

 

When considering the cost of living, you should also consider how much your student might make to offset those costs. The minimum wage in New York City is $15.00/hour for large employers with 11 or more employees and $13.50 for employers with fewer than 11 employees. It will be $15.00 for all employers by the end of 2019.

 

Students looking for work in the city will find a wide range of salaries, which will vary with industry, experience, and other factors.

 

Want some guidance navigating financial aid at Yeshiva and other colleges? Through our Applications Program, you’ll be able to use our Finances Tool, which will help you understand the return on investment (ROI) of different colleges and majors; you’ll also receive guidance on how to pay for them. Find out more today!

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Laura Berlinsky-Schine
Senior Blogger at CollegeVine
Short bio
Laura Berlinsky-Schine is a graduate of Johns Hopkins University, where she majored in Creative Writing and minored in History. She lives in Brooklyn, New York and works as a freelance writer specializing in education. She dreams of having a dog.