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Yale Announces Increased Financial Aid
Payoffs from Its Endowment
Yale University announced that they will be
increasing their endowment payoff by 37% to make more money
available to students with demonstrated financial needs and
scientific research. The exact amount that will be made
available for financial aid is not yet known at this time.
Views
This is about time. Yale is merely coming on board with a
growing number of other elite colleges in increasing
financial aid after complaints from federal lawmakers about
years of rising tuition rates. What good is a $22.5 billion
endowment if you spend so little of it assisting students
with financial aid needs? The 37% increase (which also
includes "scientific research,") brings them up to $1.15
billion. Their endowment probably earns at least that much
each year on investment income and that's likely before
additional contributions from alumni.
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