The effect of the introduction of 236U because of the recycling of nuclear fuel has been determined for a typical pressurized water reactor fuel cycle. It has been estimated that an extra 0.255 g of 235U is required for each gram of 236U present at the beginning of exposure. In terms of cost, the additional 235U translates into an ∼1% increase in the fuel cost for every gram of 236U. The value of the uranium component of the exposed fuel has also been calculated in terms of the savings in separative work and the feed requirements resulting from the use of recycled uranium. While the exact value depends on the fuel cycle component costs and the relative concentrations of 235U and 236U, it is estimated that even after accounting for the presence of 236U, the use of reprocessed uranium may result in a total saving of ∼14% in ore and enrichment costs. It was also found that upon repeated recycling, 236U reaches an equilibrium concentration, but only if the recycled fuel ratio in the feed to enrichment plant is limited to about 1 part in 5.