A View of Financial Aid across the University Yale Development Council Meeting, October 31, 2014 Ben Polak Provost, Yale University William C. Brainard.

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