a view of financial aid across the university yale development council meeting, october 31, 2014 ben...
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A View of Financial Aid across the UniversityYale Development Council Meeting, October 31, 2014Ben PolakProvost, Yale UniversityWilliam C. Brainard Professor of Economics
Yale College
• Since 1966, Yale College has offered need-blind admissions plus a commitment to meet the full demonstrated need of students.
• Yale remains a leader in making college affordable.
• Financial aid budget for 2014–2015: $116.6 million
Sticker pricevs. net price
What about
the rest of Yale? • During the academic year 2014–2015, Yale will spend $223.4
million for students pursuing master’s and doctoral degrees.
• This budget serves the Graduate School and twelve professional schools of architecture, art, divinity, drama, engineering, forestry & environmental studies, law, management, medicine, music, nursing and public health.
• Existing resources for student support vary from school to school.
• The needs of students vary from school to school.
Tuition vs. cost of attendance
School of Architecture
Tuition: $43,100
All-in cost: $64,130
Debt on graduation
Yale School of Public Health
Average debt on graduation: $66,916
Average starting salary: $60,000
Peer competition
Percentage of students receiving aid• MIT Sloan: 20%
• Yale SOM: 32%
• UCLA Anderson: 49%
• UC Berkeley Haas: 57%
• Carnegie Tepper: 65%
• Stanford GSB: 66%
• HBS: 71%
Special needs of international students
Yale School of Forestry & Environmental Studies
75 percent of international students receive financial aid
Cost of attendance averages $10,000 morethan for domestic students
Need vs. fundsavailable
School of Nursing
Aggregate need for student support: $12,681,897
Budget for student support: $2,318,808