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Financial Aid Policy

Yale School of Drama’s financial aid policy has been designed to ensure that, within the School of Drama’s resources, all qualified students with financial need will have the opportunity to attend Yale.* Each year, the School awards a substantial amount of financial aid, totaling more than $6.3 million in 2013–2014.

Financial aid at the School of Drama is awarded on the basis of financial need. The financial need award consists of a combination of student employment, educational loan, tuition scholarship, and living stipend. As of 2013, the average student with demonstrated financial need receives from the School work-study employment, scholarship grants, and living expense stipends providing 84 percent of the cost of attendance (equivalent to 130 percent of tuition) over three years, and can expect to finish his/her training with as little as $6,000 in educational loans.

Students who do not qualify for traditional financial aid may be able to receive assistance through work-study employment and various supplemental loan programs

*All information in this section is typical of the 2013–2014 academic year. It may differ from year to year depending on changes in federal regulations, the cost of living, and available financial resources.

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Statement on Confidentiality

Requirements of Yale School of Drama’s need-blind admission policy as well as Yale’s Policy on Student Records ensure the confidentiality of applicants’ and their families’ economic circumstances. Access to personally identifiable financial aid materials—including applications, financial aid transcripts, financial aid award letters, and loan applications—is limited to financial aid office personnel and members of the Financial Aid Committee.

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Determination of Need and Financial Aid Award

Yale School of Drama’s Financial Aid Office makes awards which, when added to the funds that are expected from students, their spouses, their families, and other available sources, should enable students to meet the basic costs of attending Yale.

Student Resources

Assets

Students are responsible for contributing toward the cost of their own education. Financial aid recipients are expected to use a portion of their savings and assets during each year of enrollment at Yale School of Drama. Students are advised not to reduce their assets by more than the expected contribution since the balance will be assumed to exist whether spent or not. If the assets of the student increase, the expected contribution from these resources will also increase.

Earnings

It is assumed that students will contribute to their budget an amount based on either last year’s or next year’s earnings. The minimum required student contribution is $2,000. If a recipient is married and his or her spouse is not a student, and they have no dependent children, the spouse will also be expected to contribute to the student’s budget from his or her wages.

Other Resources

Other resources such as outside scholarships, parental support, and Veterans Administration benefits are included among a student’s resources.

Components of the Financial Aid Award

A financial aid award is determined by first establishing a standard budget, or cost of education. Using a set of formulae developed by the U.S. Congress, called the Federal Methodology, and the formulas developed by Need Access, called the Institutional Methodology, a calculation of a student’s resources or expected family contribution (EFC), if applicable, is determined. The difference between a student’s cost of attendance and the student’s personal or family contribution constitutes that student’s financial need. Under no circumstance may financial aid exceed a student’s cost of attendance.

For incoming students during the 2013–2014 academic year, the first portion of a student’s need was met through Work-Study employment, the earnings for which ranged between $2,000 and $4,700 depending on the student’s program of study; the next portion came in the form of an educational loan; and the balance of a student’s demonstrated need, if any, was covered by scholarship.

Sample Awards Based on High Financial Need

  • 1st-year student
  • 2nd-year student
  • 3rd-year student
  • Average Work-Study
  • $2,000–3,350
  • $2,000–3,350
  • $2,000–3,350
  • Educational Loans
  • $6,000
  • 0
  • 0
  • Average Scholarship
  • $26,250
  • $26,250
  • $26,250
  • Average Stipend for Living Expenses
  • 0
  • $ 8,750
  • $10,750
  • Average Total Aid Awarded
  • $35,150
  • $37,900
  • $39,900

After the successful completion of the first year and assuming that there are no changes in the needs analysis for the student, it is the policy of Yale School of Drama to improve the financial aid award offered to the student in his or her second and third years. Specifically, the educational loan is decreased and the tuition scholarship and/or living stipend is increased based upon calculated financial need.

Work-Study Work-Study consists of a combination of required and elective work-study jobs within Yale School of Drama or at Yale Repertory Theatre. All students, except special students, are required to accept work-study assignments totaling 150 to 200 hours per year, providing enhanced opportunities for both training and income. Students may pursue elective work-study assignments in addition to, but not in place of, required work-study. The earnings are paid weekly or semi-monthly.

Educational loans Educational loans make up an important part of many aid awards. The basic loans are issued through the federal student loan programs and various private supplemental loan programs. Private supplemental loan programs offer funds to students who are not eligible for the federal loan programs. A student may convert his or her expected student contribution to a loan if needed. Students interested in seeking additional loans for this purpose should consult with the Financial Aid Office.

Tuition scholarships If the student’s financial need is greater than the total of the work-study award and the educational loan, the next portion of unmet need will normally be provided by a tuition scholarship. Eligibility for scholarship assistance is ordinarily limited to six terms of study; exceptions are extremely rare.

Living stipends A stipend to assist with meeting living expenses may also be awarded as part of the student’s financial aid package. Stipends are paid semi-monthly (twice each month on the 15th and the last business day of the month) over the nine-month academic year beginning on September 15 and ending on May 15.

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Financial Aid Application Procedures

Applicants must complete all the applicable requirements (U.S. citizen/permanent resident or international student) in order to be evaluated for financial assistance.

U.S. Citizens/Permanent Residents

FAFSA

All students requesting financial assistance who are U.S. citizens or eligible non-citizens are expected to file a Free Application for Federal Student Aid (FAFSA). This is essential for establishing eligibility for federal financial aid programs, including Federal Work-Study and federal loan programs. For efficiency and accuracy, complete the application online at www.fafsa.ed.gov.

  • 1. File a 2014–2015 Free Application for Federal Student Aid (FAFSA) by February 15, 2014, at www.fafsa.ed.gov. Yale’s federal school code is 001426, which is necessary to complete the FAFSA and to ensure that the School of Drama receives the processed information electronically.
Need Access

All students wishing to be considered for federal work-study, federal loans, tuition scholarship assistance, and stipend for living expenses must file their application online at www.needaccess.org.

  • 2. File a 2014–2015 Need Access Application by February 15, 2014, at www.needaccess.org.
Federal Tax Returns

All students must submit a copy of their federal tax return.

  • 3. Mail a signed copy of your (the student’s) 2013 federal income tax return by April 1, 2014. Please include copies of all W-2s and any schedules.

International Students

Need Access Application and International Student Certification of Finances

All students requesting financial assistance who are international students are expected to file the Need Access Application and the International Student Certification of Finances. Both forms are essential for establishing eligibility for student employment, loan, tuition scholarship, and stipend for living expenses.

  • 1. Complete the Need Access Application by February 15, 2014, at www.needaccess.org.
  • 2. Mail the International Student Certification of Finances by February 15, 2014. The International Student Certification of Finances can be printed from the School of Drama’s online financial aid page, at http://drama.yale.edu.
Federal Tax Returns and/or Income Statements
  • 3. Mail signed copies of your (the student’s) tax documents and income and bank statements (U.S. and home country) by April 1, 2014.
Visa Documentation

In order to receive visa documentation, international students must submit proof that income from all sources will be sufficient to meet expenses for one year of study. Evidence of funds may come from a combination of the following sources: affidavit from a bank, copy of a financial aid award letter stating that financial assistance has been offered, certification by parents of their ability and intention to provide the necessary funds, or certification by employer of anticipated income.

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Financial Aid Application Deadlines and Mailing Address

The deadline for submitting all financial aid applications is February 15, 2014. The deadline for mailing in tax returns/income information is April 1, 2014.

Although Yale School of Drama is committed to meeting a student’s need with an appropriate financial aid package, a delay in the application may negatively impact the amount and nature of a prospective student’s award and the School of Drama’s ability to assist the student.

The mailing address to which all forms should be sent is: Yale School of Drama Financial Aid Office, PO Box 208325, New Haven CT 06520-8325.

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Student Responsibilities under Federal Programs

All students who receive funds through a federal program must certify to the following: that any funds received will be used solely for expenses related to attendance at Yale School of Drama; that they will repay funds that cannot reasonably be attributed to meeting those expenses; that they are not in default on any student loan nor owe a repayment on a federal grant. Continued eligibility for financial aid requires that students maintain satisfactory progress in their courses of study according to the policies and practices of the School of Drama.

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Veterans’ Education Benefits

Students seeking general information about veterans’ education benefits should contact the U.S. Department of Veterans Affairs via the Web at www.gibill.va.gov for eligibility information. Students should contact Yale School of Drama’s registrar for enrollment certification.

No prior course credits are accepted for the successful completion of the program of study in any of the nine theatrical disciplines offered at the School of Drama. This includes the Master of Fine Arts, Certificate in Drama, one-year special student and one-year Technical Internship Certificate. However, veterans who leave the School of Drama, and are later readmitted to the School of Drama pursuant to the U.S. Military Leave Readmissions Policy (discussed in the chapter Living at Yale School of Drama), will receive credit for all Yale School of Drama course work completed prior to their leave, and these veterans will return to Yale with the same enrolled status last held and same academic status. The School of Drama maintains written records of course work completed by eligible veterans before their leave to ensure that appropriate credit is granted upon their return to the School of Drama.

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Emergency Loans

Sometimes an emergency situation arises in which a small amount of money is needed for a short length of time. The financial aid office may be able to assist any student, whether receiving financial aid or not, in such a situation by providing an emergency loan in an amount up to $350. Such loans are available for a reasonable amount of time, not to exceed sixty days. Students facing genuine emergency situations should apply to the financial aid office for such an emergency loan.

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Students who Do Not Qualify for Financial Aid

Eligibility for receipt of Yale School of Drama assistance or most forms of federal financial aid is limited to students who are enrolled in programs that yield either a degree or a certificate. At present, certain students, including those attending the School of Drama as special students on a full-time basis, are not eligible for financial aid according to the federal guidelines but may be eligible to apply for assistance under various supplemental loan programs through their individual banks. Although special students are eligible for and may choose to accept work-study employment, they are not required to work. For more information, please contact the School of Drama Financial Aid Office.

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