My concerns about the PEOPLE at Yale

Colleges and Universities A-Z Yale University
21

<p>I will just point out that this isn’t completely apples-to-apples. Harvard’s CDS is two year’s old (2008-2009. Really? Can’t they update this?), Yale’s is 1 year old (2009-2010, could be better, too), and the rest are current (2010-2011). Harvard’s is particularly out-of-step because it covers a year where financial aid decisions were made prior to the economic downturn. Yale’s comes from a year when they were deepest into it.</p>

<p>Here is a H-Y comparison of FA from same-year data (probably 2009-2010).</p>

<p><a href=“http://talk.collegeconfidential.com/12057862-post1.html[/url]”>http://talk.collegeconfidential.com/12057862-post1.html&lt;/a&gt;&lt;/p&gt;

<p>As discussed, H FA is a little wider but uses more loans to achieve this result.</p>

22

<p>Looks like Harvard’s available latest CDS is 2008-09 Common Data Set. ([The</a> Office of the Provost | Common Data Set](<a href=“http://www.provost.harvard.edu/institutional_research/common_data_set.php]The”>http://www.provost.harvard.edu/institutional_research/common_data_set.php)). Yale’s CDS 2010-2011 may come out soon ([Common</a> Data Set](<a href=“http://www.yale.edu/oir/ComDatset.html]Common”>http://www.yale.edu/oir/ComDatset.html)).</p>

<p>Stanford is more sensitive than HYP to full-need US students in admission process, and the only university among HYPSM, not to provide need-blind and full-need to international students ([Need-blind</a> admission - Wikipedia, the free encyclopedia](<a href=“http://en.wikipedia.org/wiki/Need-blind_admission]Need-blind”>Need-blind admission - Wikipedia)).</p>

23

<p>The figures are the best we have but comparisons are hard to make. Definition of need and how many students are getting how much aid can make a big difference. There is a list of colleges and the % or number of PELL eligible kids that give you a good idea of how many truly need kids are at a given school. I know kids at Harvard who are getting and their families make 6 figures. Hardly the same as most of the kids getting aid at many other schools.</p>

24

<p>

</p>

<p>H’s FA policy</p>

<p>projectonstudentdebt’s summary
[Project</a> on Student Debt: Institution Details](<a href=“http://projectonstudentdebt.org/pc_view.php?idx=6]Project”>http://projectonstudentdebt.org/pc_view.php?idx=6)</p>

<p>Dec, 2007
Harvard announces sweeping middle-income initiative
[Harvard</a> announces sweeping middle-income initiative | Harvard Gazette](<a href=“http://news.harvard.edu/gazette/story/2007/12/harvard-announces-sweeping-middle-income-initiative/]Harvard”>Harvard announces sweeping middle-income initiative — Harvard Gazette)
No Loans: In calculating the financial aid packages offered to undergraduates, Harvard will not expect students to take out loans. Loan funds will be replaced by increased grants from the University. Of course, students will be permitted to cover their reduced cost of attendance through loans if they wish.</p>

<p>money.cnn.com 2010/04/09 “No loans! Major colleges pledge aid without debt”
[Colleges</a> hold firm on no-loan financial aid - Apr. 9, 2010](<a href=“http://money.cnn.com/2010/04/09/pf/college/no-loan_financial_aid/index.htm]Colleges”>http://money.cnn.com/2010/04/09/pf/college/no-loan_financial_aid/index.htm)
Yale, Harvard and the University of California network are among the at least 50 colleges planning to limit or remove loans from their financial aid packages, according to a report released this week by the Institute for College Access and Success.
So, the final cost a family with an income of $120,000 can expect to pay, after Harvard’s financial aid, is $16,000. That same family would pay $15,800 at Yale, and $34,000 at Stanford after receiving those colleges’ financial aid packages.</p>

<p>Y’s FA policy</p>

<p>projectonstudentdebt’s summary
[Project</a> on Student Debt: Institution Details](<a href=“http://projectonstudentdebt.org/pc_view.php?idx=17]Project”>http://projectonstudentdebt.org/pc_view.php?idx=17)
Starting with incoming freshmen in 2011-12, the parental portion of the EFC will be waived for students with family incomes below $65,000. Between $65,000 and $130,000 the parental contribution is on average between 1% and 10% of income, and above $130,000, the parental contribution will be approximately 15% of income. Regardless of income, a student contribution will be required. </p>

<p>January 14, 2008 Yale Cuts Costs for Families and Students
<a href=“http://opac.yale.edu/news/article.aspx?status=301&id=2320[/url]”>http://opac.yale.edu/news/article.aspx?status=301&id=2320&lt;/a&gt;
Students may earn that amount by working on campus for about seven hours a week, eliminating the need to take loans or to work excessive hours.</p>

<p>Simply speaking, the Big Three ([Big</a> Three (colleges) - Wikipedia, the free encyclopedia](<a href=“http://en.wikipedia.org/wiki/Big_Three_(colleges)]Big”>Big Three (colleges) - Wikipedia)) are well known for providing the best FA in US. Stanford is ambitious to make any advance in HYPSM after Silicon Valley prosperity. For any of 500 Harvard and Yale cross-admits, I believe no one chose H or Y due to FA difference. </p>

<p>OP has made the choice among Harvard, Yale, Stanford, and Williams. What an achievement to get into Harvard, Yale and Stanford (less than 500 people). Wish OP good luck in the future endeavor.</p>

25

<p>

</p>

<p>This doesn’t show that Stanford has the most rich kids, nor that any one of HYPS has more rich kids than the others–the % on “need”-based aid is totally dependent on the financial aid policies, and unsurprisingly, of the four, Princeton and Harvard have the highest % and they’re known to be the most generous with their determination of “need” (if anything, their higher % on aid is indicative of there being more upper-income students at H and P). Yale and Stanford come in next, and they’re generally perceived to be slightly less generous. MIT though seems to be committed to enrolling more students who would qualify for aid (probably why they accept so many through QuestBridge).</p>

<p>Stanford also has the most low-income students of the four – 17% of the undergrads receive the Pell Grant.</p>

<p><a href=“http://www.stanford.edu/about/facts/undergraduate.html[/url]”>http://www.stanford.edu/about/facts/undergraduate.html&lt;/a&gt;&lt;/p&gt;

26

<p>Good comments, phantasmagoric.</p>

<p>And phantasmagoric’s prediction (“HYPS become free to attend”) will come true someday.

</p>

27

<p>I would just note, for the record, that just because somebody is full pay doesn’t mean that he’s from some kind of patrician ultra-preppy family.</p>