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 Yale Payment Plan is an annual enrollment fee of $100 per contract.
  • For more information and to enroll on line, please visit the YPP registration site.


PLUS loans are availble for both undergraduate and graduate students

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.

Graduate and professional degree students are eligible to borrow under the PLUS Loan Program up to their cost of attendance minus other estimated financial assistance. The terms and conditions applicable to Parent PLUS Loans also apply to Graduate/Professional PLUS loans. These requirements include a determination that the applicant does not have an adverse credit history, repayment beginning on the date of the last disbursement of the loan, and a fixed interest rate. Applicants for these loans are required to complete the Free Application for Federal Student Aid (FAFSA). They also must have applied for their annual loan maximum eligibility under the Federal Subsidized and Unsubsidized Stafford Loan Program before applying for a Graduate/Professional PLUS loan.

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.