Yale University

Yale University is an American private Ivy League research university in New Haven, Connecticut. Founded in 1701, it is the third-oldest institution of higher education in the United States and one of the nine Colonial Colleges chartered before the American Revolution.[6]

Chartered by Connecticut Colony, the "Collegiate School" was established by clergy to educate Congregational ministers. It moved to New Haven in 1716 and shortly after was renamed Yale College in recognition of a gift from British East India Company governor Elihu Yale. Originally restricted to theology and sacred languages, the curriculum began to incorporate humanities and sciences by the time of the American Revolution. In the 19th century, the college expanded into graduate and professional instruction, awarding the first Ph.D. in the United States in 1861 and organizing as a university in 1887.[7] Its faculty and student populations grew after 1890 with rapid expansion of the physical campus and scientific research.

Yale’s need-based grant aid for undergraduates, the Yale Scholarship, is a gift and thus never has to be repaid. If a student is awarded financial aid, the Yale Scholarship amount is included on the Financial Aid Award Letter.

The Yale Scholarship can vary from a few hundred dollars to over $60,000 per year; the average Yale need-based scholarship in 2017–2018 was $49,575. For additional statistics, see Affordability. Area Yale Club awards, endowed scholarships, and other gift aid from Yale’s alumni and friends may be used as grants in place of some Yale Scholarship funds.