Magazine article University Business

Yale Announces Financial Aid Changes: Plan Will Make Ivy League School More Accessible

Magazine article University Business

Yale Announces Financial Aid Changes: Plan Will Make Ivy League School More Accessible

Article excerpt

It was a scene reminiscent of another era. More than 150 Yale University (Conn.) students marched outside the Office of Undergraduate Admissions in late February while inside 15 students locked themselves inside an office for an eight-hour sit-in protesting the school's financial aid policies.

In the days that followed, Yale President Richard Levin announced sweeping changes in the university's financial aid program, Levin had already announced that changes were in the works for the program at an open forum two days before the protest, but some observers believe that media attention from the protest may have hastened his announcement.

"We wanted to signet that we're serious about access," Levin told reporters.

Yale will now match Harvard University's (Mass.) policy of reducing contributions from families that earn less than $60,000 per year. Last year Harvard decided to provide full aid to students with a family income under $40,000. Yale's undergraduate tuition, room, board and other fees, cost about $41,000 a year. About 40 percent of Yale undergraduates receive financial aid. Yale has guaranteed that it will not require contributions from families that earn less than $45,000 per year. …

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