Yale also announced two important steps to ease the financial burden of students who receive financial aid. First, it will freeze the amount these students must contribute to their education from their own earnings and borrowing. Second, it will enable them to benefit more fully from outside scholarships. We believe that, with today's announcements, we are ensuring that anyone admitted to Yale will be able to attend. The 2.9 percent annual rate of the last few years is the lowest at Yale since 1968, and the lowest among Ivy League schools in two decades.
Students pay no other mandatory fees.
That step will reduce pressures on students to borrow. It is equivalent to freezing tuition for the 40 percent of Yale students on financial aid. Previously, only 50 percent of outside funds were used to reduce self-help. The other half reduced the size of scholarships awarded by Yale. Yale admits students from the United States and Canada without regard to their ability to pay and fully meets their need for financial aid.