Yale Offers Attractive Financial Aid to Veterans

Yale University has announced its participation in the Yellow Ribbon Program, a supplemental scholarship designed to assist eligible veterans pay for college, graduate school, or professional school. Qualified students pursuing their MBA at Yale School of Management are also eligible to participate.

Under an agreement with the Department of Veterans Affairs (VA), Yale will provide up to $5,000 — to be matched dollar-for-dollar by the VA — for a maximum scholarship of $10,000 for as many as 50 veterans or eligible dependents. For the 2009-2010 academic year, Yale’s Yellow Ribbon agreement will cover qualified veterans in all programs and schools at the University, including the College and the Graduate and Professional School.

The VA will also provide an allowance for books and a housing allowance. These benefits for a full-time student at Yale could total up to $40,000, based on a veterans’ length of service, course load, and other factors.

“We owe a debt of gratitude to the men and women who have served our country in the armed forces,” said Yale Provost Peter Salovey. “We are pleased to join the VA in helping to ensure that a Yale education is affordable for veterans from all walks of life.”

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