You've probably spent tons of time reading about college tuition, financial aid, scholarships, and loans - but that shouldn't be the end of your college financial research. When you get to campus, you may want extra help navigating the next four years and all of the financial decisions along the way.
Find out how the school you attend can help you with the dollars and cents through its programs and resources. Here's what Yale offers.
The Financial Aid Office at Yale University explains that they understand and take into consideration what it is like to pay for school. In addition to your household finances, they take into account what they call the Student Effort which adjusts need-based aid based upon what they consider you’ll be able to contribute while enrolled at school. The Financial Aid Office also explains that procedures for applying for additional financial assistance are generally set by the individual programs and schools. So it is recommended that you check out your particular school or program for more specific policies once you complete the preliminary financial aid procedures.
Financial Aid Resources
A couple of useful tools and resources on the Yale University website were found to help students navigate the sometimes confusing world of financial aid. The first is the "My InTuition" Net Tuition Calculator which helps students work to figure out, as close to possible, how much they will have to pay for their education at Yale University. There is also a page dedicated to Frequently Asked Questions and also one to help you Understand Your Award.
Yale University’s LIT platform
Yale University provides an important resource Yale Well that has links to additional financial literacy resources including LIT for Yale University students and graduates. LIT helps students by providing a digital platform for financial literacy that features helpful videos and related resources on a variety of topics like budgeting, insurance, money management, and retirement. There is also a weekly syllabus that students can follow along with covering “seven major personal finance topics: Money Mindset, Cash Flow & Net Worth, Credit & Loans, Taxes, Insurance, Investing, and Retirement.”
Financial literacy at Yale
Yale’s Financial Literacy page provides an additional resource to help students manage their money. In addition to a link to LIT to help build financial literacy muscles, they also provide a budgeting and money management section with links to additional sources and information on making sense of money in a practical way for college students to understand. This page also links to a great resource that Yale offers to students in crisis or experiencing unexpected hardship called Yale Safety Net. On this page you can make a funding request and learn about the details of what constitutes a funding request and how this program works.
MoneyThink is a national organization with a chapter at Yale University. Moneythink describes themselves as “a movement of young people working to restore the economic health of the United States through financial education.” The organization delivers financial literacy education to high school students.
The Yale Student Financial Education Group which also contains a related Facebook Page is a group of Yale students that “advance the cause of financial literacy among the Yale community to help members take control of and responsibility of their financial future.”
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