In determining the eligibility of a student for scholarship, the School of Nursing uses a national system of analysis called Institutional Methodology. This Methodology is a need analysis system designed to estimate the financial resources of applicants to graduate and professional schools. For federal funds, Congress through the Higher Education Act of 1992 uses a system called Federal Methodology. This means that a set of rules and procedures is followed to determine who is eligible for Federal loans and for School of Nursing scholarships. Both methodologies serve as a way to calculate and determine a reasonable amount of Expected Family Contribution which is reflected in the eligibility and amount of Scholarship and loans each student is awarded.
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Foreign students are not eligible for scholarship, Federal or Yale loans. The student's 1997 adjusted gross income, untaxable income and assets are taken into consideration to determine the EFC for scholarships and loans. Also taken into consideration is the family size and family maintenance expenses. The spouse of a married student is expected to contribute to the support of the student and their children. When the spouse's salary is inadequate for this purpose, financial aid is available to meet the shortfall.