Yale Announces Bill Term 2021-2022, Improvements to Financial Aid

On February 23, Yale College announced the Tenure Bill for the 2021-2022 academic year and reaffirmed its commitment to meeting all financial needs of all undergraduates.

Yale College’s quarterly bill, which includes tuition, room and board, will increase 3.8% from $ 74,900 to $ 77,750. Tuition will be $ 59,950, and accommodation and board for students living on campus will be $ 17,800.

Yale’s need-based financial aid will also increase as part of its commitment to meet all demonstrated financial need of all undergraduate students.

The Yale Financial Aid Program is designed to make a Yale education affordable for all students by providing equitable support that meets the financial needs of each family, ”said Scott Wallace-Juedes, director of financial aid for first cycle.

Despite the disruption associated with the pandemic, Yale has maintained all of its generous financial aid policies, including new initiatives announced in fall 2019. These changes increased the annual income threshold of families eligible for the most generous financial aid – a zero share allocation to parents – from $ 65,000 to $ 75,000 and also reduced the student share expected for these further grants. of $ 4,000 over four years.

According to data from the US Census Bureau, more than half of American families with children between the ages of six and 17 would qualify for Yale’s most generous financial aid. It covers full tuition, campus accommodation, meal plan, and health insurance.

All Yale College Financial Aid Scholarships are designed to meet 100% of demonstrated financial need without requiring students or families to take out loans. Last spring, 85% of Class of 2020 graduates left Yale with $ 0 in student loan debt. Yale College is one of five colleges in the United States to have an entirely “blind” admissions policy for all applicants, regardless of citizenship or immigration status, and is committed to fully meeting the requirements. needs of every student admitted without a loan.

Over the past 12 months, undergraduate financial aid officers have worked tirelessly to connect with families facing financial difficulties, adjusting scholarships as needed. When the Undergraduate Financial Aid Office was forced to shut down in March, officers began scheduling hundreds of meetings with students and families on Zoom.

Yale College has also modified hundreds of financial aid scholarships to allow students to enroll remotely. For those who enrolled remotely, Yale waived the student portion of financial aid and provided additional funds to help cover the cost of internet service.

Last July, Yale College Dean Marvin Chun announced that freshmen and sophomores enrolled in the Fall 2020 and Spring 2021 terms with at least one semester of distance enrollment would receive awards. Tuition credits for taking two Yale summer semester courses in any summer. in their last year. Eligible students receiving financial assistance would also receive assistance with room and board on campus if they choose to take both courses in the same summer term in New Haven.

I am proud that Yale has instituted sensible and flexible policies to maintain our commitment to affordability during this unusual year, ”said Dean of Undergraduate Admissions and Financial Aid Jeremiah Quinlan. “And I am grateful to the leaders at Yale who have dedicated significant financial resources to helping all students thrive, and to the financial aid officers who have handled an unprecedented number of scholarship changes and updates. ‘aid.”

Future students and families can get an estimate of their Yale cost, including financial aid, in three minutes using Yale’s rapid cost estimator, at Yale Undergraduate Admissions Website.

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Nancy Owens

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