Yale’s Financial Aid Budget Has Quadrupled Over the Past Decade

Yale University has sweetened financial aid packages for low- and middle-income students. Under the new program, parents of students from families with incomes below $65,000 will not have to contribute to the cost of a Yale education. Previously the level was $60,000. In addition, students from families with incomes of up to $130,000 will have to contribute no more than 10 percent of their annual income to fund a Yale education.

Under the new program, Yale’s budget for financial aid is expected to grow to $117 million for the 2011-12 academic year. This is quadruple the amount of money Yale allocated to financial aid a decade ago.