Current Students: Applying For Financial Aid


At Yale Law School, the financial aid process is personal. We recognize that traditional financial aid applications and forms only tell part of our students’ stories. Thus, we encourage students to meet with a financial aid staff member to discuss any financial circumstances not reflected on their applications and to share financial challenges or changes that occur throughout their enrollment. Our small class size allows us to work with students individually and to provide confidential one-on-one counseling to everyone who requests it.

SUBMIT TO INITIATE AID APPLICATION: April 15, 2019 Deadline

Application Requirement U.S. Citizen Seeking Loans Only U.S. Citizen Seeking Loans & Scholarships Non U.S. Citizen Seeking Loans Only Non U.S. Citizen Seeking Loans & Scholarships
Free Application for Student Aid (FAFSA) X X    
Financial Aid Application & Scholarship Tool (FAAST)   X X X

 

SUBMIT TO FINALIZE AID APPLICATION: June 15, 2019 Deadline

Application Requirement U.S. Citizen Seeking Loans Only U.S. Citizen Seeking Loans & Scholarships Non U.S. Citizen Seeking Loans Only Non U.S. Citizen Seeking Loans & Scholarships
Notification and Confirmation Form X X X X
Educational Purpose Form     X X

 

Note for Returning Students

If you are a returning student who has not yet borrowed through student loans at YLS you will also need to complete the requirements to “Establish Student Loans.”

If you are a returning student who has not previously applied for need-based scholarship support but now seeks consideration, you must submit the required tax documentation.

Get the requirements and documents in the New Admissions section

The Free Application for Federal Student Aid (FAFSA) is used to determine eligibility for federal student loans: Get the Application

  • Yale Law School’s Title IV federal code number is 001426
  • Regardless of age, it is not necessary to submit parental information on the FAFSA.
  • Married students will need to submit their spouse’s information.
  • You must e-sign the FAFSA using your assigned PIN

Visit the FAAST website:

  • Students who will be 28 years old (or younger) on December 31, 2019 need to submit parental information. Students who will be at least 29 years old on December 31, 2019 do not need to submit parental information.
  • Married students will need to submit their spouses' information.
  • Some questions on FAAST reflect data required for the purpose of specific scholarships fund eligibility and are used solely for that purpose.

View the Yale Law School  2019-2020 Notification & Confirmation Form (PDF)

  • This form acts as your acceptance of the aid award offered. Please complete Section A indicating if you are declining or accepting any portion of the loans awarded.
  • In addition to the unit loans offered in your award letter, you may choose to borrow additional funds to cover the calculated parent, spouse or student contribution(s). If you choose to do this, you should indicate the additional borrowing requested in Section A. Note that only additional borrowing to support the calculated parent contribution is COAP eligible.
  • If you are opting to use a private loan, you should indicate the lender, lender ID and type of loan in the appropriate fields in Section A.

Financial aid is awarded based on tuition, mandatory fees, books and supplies and a standard living expense budget known as “Cost-of- Attendance”. A student may complete a Budget Revision Form to request a review of his/her specific circumstances and adjustment of the “Cost-of-Attendance” figure. Federal regulations, in general, only permit increases to cover education-related and living costs of the STUDENT. The financial aid staff will review all budget revisions in the context of their ability to exercise professional judgment. Additional documentation may be requested in that review. All decisions made by the financial aid staff are final.

 

Students will be able to borrow a COAP or Non-COAP eligible loan for the following Approved Budget Revisions:

  • Technology Purchase
  • Suit Purchase
  • Clerkship Interview Travel
  • Public Interest Interview Travel
  • Academic/Non-academic Conference Travel
  • Bar Prep Course
  • Third-party Dependent Care
  • Family Health Care Costs
  • Academic Travel Rider

Receiving your Financial Aid and Paying your Bills

Student Financial Services creates a “student account” for each student. This account is used both for charges (tuition, university fees, health insurance, etc.) and for payments and financial aid awards. The student account is available for you to review at any time on the Student Information System (SIS).

During the summer, Yale sends incoming students a NetID along with instructions on how to activate the NetID and how to access your student account on the Student Information System.

Financial Aid awards, loans and grants, are disbursed to a student’s account on the first day of each semester. The full loan amounts are disbursed 50% in the fall term and 50% in the spring term. Please note: the fall semester covers five months (September through January) and spring semester covers four months (February through May). Please plan accordingly.

You can view and pay your term bills and monthly bills using the SIS eBill-ePay system- select the Student Accounts tab at the top and then eBill-ePay. Any awarded aid will appear as "anticipated aid" until it actually disburses on the first day of the term. You are responsible for making payment of any charges beyond those covered by your aid award or if you intend to decline aid. If you prefer to pay by check, the remittance advice (payment stub) is required and can be printed from the Main Menu within the eBill-ePay system. The complete mailing instructions are on the remittance advice and is required to be submitted with each check payment to assure accurate, efficient and timely posting to your student account. All bills must be paid in U.S. currency. Checks should be payable in U.S. dollars drawn on a U.S. bank. All other checks will be returned to the sender without being processed. Fall 2018 term bills are due by August 1, 2018 and Spring 2019 term bills are due by December 1, 2018. Failure to pay any portion of the bill by the due dates will result in late fees.

 

Using your Financial Aid to Receive a Refund

Funds in your account are first applied to any core Yale institutional charges, for example, your term bill. If there is a credit on your account due to excess funds over the amount of your core charges (for example, if you took out loans to cover living expenses), you are entitled to a “refund.”

 

Refund Example:

Tuition and fee bill per semester $32,134 (debit)
YLS Grant per semester $13,000 (credit)
Student Loans per semester $22,350 (credit)
Credit available to you as a refund: $3,216

 

You can request refunds of credit balances on the SIS system by selecting the Student Accounts tab at the top and then Refund Request from Student Account. Credit balances in your Yale Account will be available as refunds on the first day of each semester. Since it may take a few days for the refund to be processed, be sure to bring sufficient funds to cover your expenses during Orientation and the first week of the semester. If you wish to have your refund directly deposited into your personal bank account, select the Student Accounts tab at the top and then select Direct Deposit Authorization. If you change bank accounts, please update your new account information here as well.

 

The Yale Payment Plan

The Yale Payment Plan (YPP) is administered by the University’s Office of Student Financial Services and enables students and families to pay all or a portion of the term bill in ten monthly installments beginning at the end of May preceding the academic year. The only fee associated with YPP is an enrollment fee of $100.

If you are participating in the Yale Payment Plan, your Yale student account will be credited with one-half the annual contract amount each semester. If your YPP account becomes delinquent (not paid by the payment plan due date), the unpaid contract balance may be charged to your regular Yale student account, and be subject to applicable late payment fees.

The enrollment form can be found online in the Yale Payment Plan section of the Student Accounts Web site. For additional information, please contact Student Financial Services at (203) 432-2700 and select “Press 1” from the Main Menu.

 

Yale Tuition Insurance

Yale Tuition Insurance (YTI) is designed to protect you by alleviating the loss of funds you paid for tuition, room and board should you find it necessary to withdraw from school during the term for medical reasons. This plan complements Yale’s published refund policy, assuring you of a significant tuition refund any time during the term.

Eligibility: YTI is available to all Yale students.

Cost: The cost is based on the total amount of tuition and other insured expenses. Call A.W.G. Dewar, Inc. at (617) 774-1555 for an application form that contains the specific cost for your school.

For coverage and exclusions: Visit the Student Financial Services section for more details

Application and deadlines: Complete and return the application to the address indicated on the application. The application and payment for YTI must be mailed so that it is postmarked prior to the opening date of classes.

Call A.W.G. Dewar, Inc. at (617) 774-1555 for an application form that contains the specific cost for your school.

Financial Aid & Refund Policies

Federal Verification: FAFSA applicants are randomly selected for the federal verification by the Department of Education. Your Student Aid Report (generated from the FAFSA) will indicate if you have been selected for verification. The Financial Aid Office will also send you formal notification of your selection and will provide detailed instructions on the forms and documentation you must submit to satisfy this requirement.

Institutional Verification: Students seeking first time consideration for grant/scholarship support undergo institutional verification for funds requiring applicants to submit a signed copy of their own and their spouse's complete (all pages, including W2s) 2017 Federal income tax returns (Form 1040, 1040A or 1040EZ). Students who are applying for grants and are age 28 or younger (by December 31st of the academic year) must also submit signed copies of their parents’ tax returns. This information is used for internal audit only and will be treated in the strictest confidence. This requirement can be satisfied with photocopies or the actual income tax return filed with the IRS. If you have not kept a copy, please go to www.irs.gov to obtain Form 4506 to request a tax transcript.

Satisfactory Academic Progress: Title 34 Part 668 of the Code of Federal Regulations requires institutions to establish reasonable Satisfactory Academic Progress (SAP) standards for "determining whether an eligible student is making satisfactory academic progress in his or her educational program and may receive assistance under the Title IV, HEA programs" and institutional financial aid.

Refer to the Yale Law School Policy on Satisfactory Academic Progress for the Juris Doctor Degree. (PDF)

Grant awards: Will not be disbursed and loans will not be processed until all forms (including tax returns) are in the student's financial aid file. Failure to provide these forms by May 5 may result in substantial late fees.

Independence: For the purposes of distributing Yale Law School grants, we consider the financial resources of the parents of students who are age 28 or younger as of December 31st of the academic aid year. In very rare cases, students who are younger than age 29 may be able to demonstrate independence from their parents. Please feel free to discuss your situation with the Financial Aid Office.

Default on Prior Student Loans: It is the University's policy to refuse financial aid to a student who is in default with any federal loan, university student loan or if a refund is owed to the Department of Education, Yale, or any other educational institution. If a student is found to be in default after being offered financial aid, the University will withdraw all aid immediately and continue to hold the student responsible for any charges that may have been incurred.

Selective Service Act: The Selective Service Act provides that no student may receive Title IV funds (Federal Direct Loans and Perkins) who has not executed a "Statement of Registration Status" (located on the FAFSA) which either affirms that the individual has registered for Selective Service or states why he or she is not required to do so. All of the Law School's financial aid awards (except those to foreign students) include funds from at least one Title IV program. Failure to execute a Statement of Registration Status will render students ineligible for that portion of the financial aid award that are normally provided through these programs. Students for whom this requirement presents special problems should consult the Financial Aid Office.

Fraud or Misconduct: Federal regulations require that the University report any information that indicates that an applicant may have engaged in fraud or other criminal misconduct in connection with his or her federal loan application. The information will be reported to the Inspector General of the U.S. Department of Education or other law enforcement officials.

***Please note: For non-U.S. Citizens, the information on the Student visa form and the financial aid application must correspond. If the information varies, it must be corrected or it will be reported to the Office of International Students and Scholars.

Federal Drug Policy: As required by section 5301 of the Anti-Drug Abuse Act of 1988, if a student is convicted of drug trafficking or possession, the court may deny that student eligibility for Title IV student financial assistance.

 

Tuition Rebate and Refund Policy 2019-2020

On the basis of the Federal regulations governing the return of Federal Student Aid (Title IV) funds for withdrawn students, the rebate and refund of tuition is subject to the following policy:

  1. For purposes of determining the refund of Federal Student Aid funds, any student who withdraws from the Law School for any reason during the first 60% of the term will be subject to a pro rata schedule which will be used to determine the amount of Title IV funds a student has earned at the time of withdrawal. Funds are earned according to the percentage of the term completed. A student who withdraws after the 60% point has earned 100% of the Title IV funds. In 2019-2020, the last days for refunding Federal Student Aid funds will be October 28, 2019 in the fall term and March 27, 2020 in the spring term.
  2. For purposes of determining the refund of institutional aid funds and for students who have not received financial aid, tuition will be rebated in accordance with the following policy:
    1. 100% of tuition will be rebated for withdrawals which occur on or before the end of the first 10% of the term (September 5, 2019 in the fall term and January 23, 2020 in the spring term).
    2. A rebate of one-half (50%) of tuition will be granted for withdrawals which occur after the first 10% but on or before the last day of the first quarter of the term (September 21, 2019 in the fall term and February 9, 2020 in the spring term).
    3. A rebate of one-quarter (25%) of tuition will be granted for withdrawals which occur after the first quarter of a term but on or before the day of Midterm (October 18, 2019 in the fall term and March 17, 2020 in the spring term).
    4. Students who withdraw for any reason after Midterm will not receive a rebate of any portion of tuition.
  3. The death of a student shall cancel charges for tuition as of the date of death and the Bursar will adjust the tuition on a pro rata basis.
  4. If the student has received student loans or other forms of financial aid, funds will be returned in the order prescribed by Federal regulations; namely, first to Federal Unsubsidized Direct Loans, if any; then to Federal Perkins Loans; Federal Direct Graduate PLUS Loans; next to any other Federal, State, private or institutional scholarships and loans; and finally, any remaining balance to the student.
  5. Recipients of Federal and/or institutional loans who withdraw are required to have an Exit Interview before leaving Yale. Students leaving Yale receive instructions on completing this process from Yale Student Financial Services.

The Financial Aid Office and Yale Law IT have partnered to offer a program that provides all students with the opportunity to purchase a laptop computer through the Law School. Students are eligible to participate in this program once during law school, during the academic year of their choosing. A one-time purchase of up to $3,000 is eligible for the program.

This program has a number of advantages for students:

  • The laptop may be less expensive if purchased through YLS, and
  • The laptop can be purchased through a COAP-eligible student loan with no upfront costs.

If you would like to purchase a computer this year, you are encouraged to sign up for the program prior to August 1, 2019. Computers ordered prior to August 1 will be available during Orientation week for 1Ls and during the first week of classes for 2Ls and 3Ls.

In order for the laptop cost to be charged to the student account, students must first sign up for a Yale Charge Account. ITS will submit charges to the Registrar’s Office as close to the first business day of the month as possible. Once the Registrar’s Office posts the charge, the Financial Aid Office will then process the loan request and the funds will disburse to the student account. This will ensure that the charge of the laptop and the disbursement of the loan are posted to the student’s account during the same billing period.

Students interested in participating in the program can complete the form. Please contact the Financial Aid Office or Loriann Seluga with questions.

Financial Aid Eligible Students

At the time of delivery, students will complete the loan documents to cover the cost of the laptop, applicable tax, and loan origination fees. The loan will be processed and credited to the student account to clear the computer charge.

Non-Financial Aid Eligible Students

Students who are not eligible for financial aid will be solely responsible for payment to the University. The student will be required to sign a statement acknowledging responsibility for the purchase and payment, and payment will be due within 30 days of the charge to the student’s SIS account. If a student is not on financial aid but would like to borrow a COAP eligible loan to cover the cost of the laptop, please contact the Financial Aid Office for additional instructions.

Yale Law School's financial aid policies and programs are designed to make it possible for students to pursue their legal education at Yale regardless of their financial circumstances. Using a combination of loans and scholarship grants, the Law School makes every effort to provide students with the difference between their resources and the cost of attending Yale.

Budget and Cost of Attendance

Yale Law School, as required by federal rules, does not have a separate, fixed budget for students (married or single) with dependent children. The standard student budget is adjusted up or down in consideration of a working spouse’s income (less certain allowances) as well as additional expenses including a basic living allowance (expenses such as food, housing, utilities etc.), allowance for family health insurance, and, for single parents and students with a working partner, the Law School provides additional allowances for reasonable childcare expenses based on a survey of childcare costs in the New Haven area.

Children

For students with dependent children, an allowance of $8,000 for each child is added to the applicable budget.

If the student has childcare expenses, the entire cost can be added to the student’s budget for additional loan borrowing as long as the student provides appropriate documentation. The amount a student borrows for childcare expenses is COAP eligible, however COAP caps the allowance at $17,500 in the COAP award calculation.

  • For example, if the childcare expense totals $21,500 for the 9 month academic year, the student can borrow $21,500 in additional loan.  When the student applies for COAP, the COAP award will be based on the $17,500 cap that COAP allows for childcare expenses.

Health Care Coverage

Mandatory fees include membership in the Yale Health Plan (YHP), a comprehensive pre-paid group practice plan. In addition, students who are not enrolled in a hospitalization plan must obtain hospitalization coverage either through the University or another source. For 2019-2020, Yale Health Plan membership fees are set at $2,450 for single students, $9,112 for student plus spouse, $8,202 for student plus child/children, and $15,290 for family coverage. The cost of single student coverage is automatically added to the basic budget for all students. If a student obtains outside insurance and waives this coverage, this expense will be removed from the student’s bill. If a student has dependents and will be enrolling in the two-person or family coverage plan, a Budget Revision form (with documentation of enrollment) must be completed and submitted to the Financial Aid Office for a budget adjustment (available at our website in the ‘Forms’ section for download). Additional financial aid for this expense is available in the form of a student loan and is not COAP eligible.

Spousal Contribution

Students who are married, or expect to be married at any point prior to September 1 of the calendar year, must report spousal (or to be spouse) income and assets. YLS will use the information provided to access the spousal (or to be spouse) contribution as it is expected that the resources of the spouse (or to be spouse) will be available to the student to help meet the students cost of attendance. 

Spousal contributions are calculated based on the following parameters:

  • Spouse is full time enrolled student (including a fellow YLS student): no contribution assessed
  • Spouse is documented unemployed: no contribution assessed
  • Spouse is a stay-at-home parent due to childcare responsibilities: no contribution assessed (a $6,000 living allowance for spouse is also added to the Cost of Attendance in this circumstance)
  • Spouse is gainfully employed: a contribution based on the gross income according to the schedule below:
     

Spousal Contribution Table

Gross Income

Spouse Contribution

under $50,000

None

$50,000 to $65,000

15% of income

$65,000 to $80,000

$9,750 plus 30% of income over $65,000

Over $80,000

$14,250 plus 60% of income over $80,000

 

It is the student's responsibility to notify the Financial Aid Office of any changes to the spouse's employment status during the academic year at which time an aid award adjustment may be made. The Financial Aid Office will also request documentation to verify the spouse's status as unemployed, full time student or primary childcare provider.

Spousal assets (whether jointly held or in separate accounts) are to be reported on the financial aid application. The financial aid calculation will assume that these assets are available and will access them based on our standard policy regarding treatment of assets. 

Students may opt to borrow additional loan funds to compensate for the calculated spouse contribution up to their Cost-of-Attendance. However, any additional borrowing for this purpose will not be eligible for the COAP program.

So, what’s the impact…

Below are a few examples of the impact a spouse and/or dependents could have on both the student’s budget, contribution, and aid awarded. Please note that the budget is based on a 9-month academic-year budget.

  • Student Married, with no children and spouse...
    • is a full-time student = No contribution assessed and no impact to student budget.
    • is documented unemployed = No contribution assessed and no impact to student budget.
    • is gainfully employed = a contribution based on the Spousal Contribution Table.
  • Student Married with children and spouse...
    • is gainfully employed = a contribution based on the Spousal Contribution Table and the budget is increased by $8,000 for each child.
    • is a stay-at-home parent due to childcare responsibilities = No contribution assessed for the spouse. The budget is increased by $6,000 for a living allowance for the spouse and also increased by $8,000 for each child.
  • Student is a single parent...
    • Budget is increased by $8,000 for each child.

Whether you are arriving with spouse and/or children or planning to marry or have children during your time at YLS, it is important to contact the Financial Aid Office at (203) 432-1688 or financialaid.law@yale.edu to discuss your personal circumstances as they relate to grant, loan, and COAP eligibility.

IMPORTANT NOTE: YLS does not collect tax documentation for the student, spouse or parent as part of the routine financial aid re-application process for returning (2L and 3L) students. However, YLS Financial Aid reserves the right to request and students are responsible for submitting additional documentation (including tax documentation) as needed for the purposes of reconciling discrepancies, providing clarification of application data, or for federal verification purposes.

All internal Financial Aid Forms are available for download from our Forms website.