Payment and Financing Options for Students and their Families
How Much Do I Owe?
Use this page to help you calculate your direct costs after any financial aid.
Yale Payment Plan
- The Yale Payment Plan, administered by the University's Office of Student Financial Services, enables students and families to pay all or a portion of the term bills in monthly installments.
- The only fee associated with the YPP is an annual enrollment fee of $100 per contract.
- Enrollment Deadlines:
Enrollment Deadlines
| Semester(s) | Number of Payments | Payments Begin | Deadline to Enroll |
|---|---|---|---|
| Full Year | 10 | May 26 | June 20 |
| Fall Only | 5 | May 26 | June 20 |
| Spring Only | 5 | September 26 | October 17 |
- If you participate 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 will be charged to your regular Yale student account and be subject to applicable late payment fees
- For more information call (203) 432-2700, select "Press 3."
Plus Loan
The PLUS (Parent Loan for Undergraduate Students) allows parents of dependent undergraduate students (based on the federal definition of dependency status from the FAFSA application) to borrow up to the cost of education less any financial aid. To be approved for the PLUS Loan, the borrower must demonstrate good credit and be a U.S. Citizen or Eligible Non-Citizen.
CT FELP Loan
The CT-FELP LOAN is administered by the Connecticut Higher Education Supplemental Loan Authority (CHESLA) and is available to Yale students regardless of state of residence. The Yale student and a creditworthy co-borrower may borrow from $2,000 up to the cost of education less other financial aid. Interest only payments are required while the student is in school and during a six-month grace period. For additional information and application instructions, link to CHESLA's website below.
Private Student Loans
Many lenders offer private alternative loans to help students and families meet educational expenses. Most of the loans are based on creditworthiness and the ability to repay and therefore require students to apply with cosigners. If you need this kind of assistance, read about student loans and examine lists.
Other Options?
In addition to the above options, there are also a number of states and other organizations that have developed loan programs to help families cover their portion of educational expenses. The interest rates on the supplemental loans are generally tied to market rates and a standard commercial credit analysis is usually required. Most programs require that payments begin shortly after disbursement of the loan. Finally, home equity loans and borrowing against company pension plans are options that may have advantages for your parents.
