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Most financial aid is in the form of grants and scholarships that do not need to be paid back to the university, and the average need-based aid grant for the Class of 2017 was $46,395. [166] 15% of Yale College students are expected to have no parental contribution, and about 50% receive some form of financial aid.
The school's financial aid budget grew from $1.4 million to over $6.1 million in 2017, with significant reductions in debt upon graduation. [5] [6] Financial aid is awarded on the basis of financial need, with awards consisting of a combination of work-study employment, an educational loan, a tuition scholarship, and a living stipend. As of ...
Each institution has its own definition of meeting the full demonstrated need. Some schools meet this need through grants and/or merit or talent scholarships alone, while others may include loans and work-study programs. As a result, a student's financial aid package can differ greatly between schools that claim to meet full demonstrated need.
Harvard, Cornell, Dartmouth, Brown and Yale, alongside dozens of other top schools, were targeted in the class-action lawsuit filed by a Boston University student and Cornell University alum in ...
Yale and Emory said they would each pay $18.5 million; Brown agreed to pay $19.5 million; and Columbia and Duke both said they would pay $24 million. The amount of Vanderbilt's settlement has not ...
Formed in the mid-1970s, the Consortium on Financing Higher Education (COFHE) is an unincorporated, voluntary, institutionally-supported organization of 39 highly selective, private liberal arts colleges and universities, all of which are committed to meeting the full demonstrated financial need of admitted students.
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