In the 2009 through 2010 academic year, Yale University provided almost $100 million in loans, scholarships and other forms of tuition assistance. In addition to need-based scholarships for undergraduates, awarded to students who demonstrate a need for financial assistance, Yale University offers grants and scholarships to students with exceptional academic achievements, those with culturally or economically disadvantaged backgrounds and students electing to attend one of the University's individual schools. Not all of the schools award scholarships but may assist students with finding funding from sources other than the University.
Yale School of Management Merit Scholarships
The Yale School of Management awards more than 40 scholarships and fellowships. Some are simply merit-based, while others focus on particular areas of study or students of particular ethnicities. The Edward J. De La Rosa and Elaine F. Tumonis Scholarship, awarded to students in the MBA program, gives preference to Hispanic students. Students working toward increasing the number of women in business qualify for Forte Foundation Scholarships. The John Hechinger Scholarship, reserved for students from Washington, DC, focuses on students of African American descent.
Yale School of Architecture Scholarships
The Yale School of Architecture awards needs-based scholarships based on two sets of criteria. Individual Resource Scholarships, awarded to students who cannot or don't wish to reveal their parent's potential contribution to tuition have upper limits so they don't always cover the entire cost of tuition. Family Resource Scholarships, awarded to students who can and will give their parent's resources may be larger than Individual Resource Scholarships. Students must maintain satisfactory grades in both course and studio work.
The Hope Scholarship Tax Credit
Unlike other scholarships that apply directly to tuition, housing and materials, the Hope Scholarship provides parents of Yale students a tax credit. The credit, calculated from the family's income, the amount of tuition paid and with some deductions made by the University, varies from student to student. Parents who wish to claim the credit must file a tax return and claim the student as a dependent, unless the person filing the claim is an adult who is also the student. The Hope Scholarship credit is only available the first two years a student of enrollment.
Yale School of Public Health
The School of Public Health awards several scholarships. Opportunity Scholarships are awarded to incoming students who are United States citizens who have exceptional academic records and an established interest in public health. Financial need is taken into consideration, and preference is given to applicants from disadvantaged backgrounds. The award covers two consecutive years of tuition. Every year, two students receive the Dean's Scholarship, based on academic achievement, for two consecutive years of study. Recipients must maintain satisfactory grades throughout the life of the scholarship.
Facts About Yale College
Newcomers to Yale University may not realize that the venerable institution was called Yale College until 1887. The name has been retained...