I don’t think Yale University provides scholarships based on merit. At least they don’t have it on their website.

Outstanding students are attracted by the name ‘Yale University‘ itself; they don’t need to provide scholarships to attract them. Also, they have a lot of endowment funds, so, they can provide aids based on need and still meet them. Moreover, every Incoming student is so brilliant at Yale University that they easily qualify for external scholarships if they need one.

Yale University provides aids at an average of 56320 per student meeting 100% of students need. 100% of students with need receive financial aid at an average of 54568 need-based grant.