Yale University

Private
Cost: $50,350/year
Class Size: 1,318
Student to Faculty Ratio: 5 to 1

SAT Range: 1400-1590
ACT Range: 30-34
% of applicants admitted: 10%
Application deadline: Dec. 31
Early admission:

Yale University is a private Ivy League university located in New Haven, Connecticut. Founded in 1701 in the Colony of Connecticut, the university is the third-oldest institution of higher education in the United States.

Incorporated as the Collegiate School, the institution traces its roots to 17th-century clergymen who sought to establish a college to train clergy and political leaders for the colony. In 1718, the College was renamed Yale College to honor a gift from Elihu Yale, a governor of the British East India Company. In 1861, the Graduate School of Arts and Sciences became the first U.S. school to award the Ph.D.

Yale College was transformed, beginning in the 1930s, through the establishment of residential colleges: 12 now exist and two more are planned. Almost all tenured professors teach undergraduate courses, more than 2,000 of which are offered annually.

The University's assets include a US$16.3 billion endowment, the second largest of any academic institution, as well as the second largest academic library in the world, with some 12.5 million volumes held in more than two dozen libraries.