Yale University to Provide Supplemental Financial Aid to Veterans

Yale University has announced its participation in the Yellow Ribbon program, a supplemental scholarship designed to assist eligible veterans pay for college, graduate school, or professional school.

Under an agreement with the Department of Veterans Affairs (VA), Yale will provide up to $5,000 — to be matched dollar-for-dollar by the VA — for a maximum scholarship of $10,000 for as many as 50 veterans or eligible dependents. For the 2009-2010 academic year, Yale’s Yellow Ribbon agreement will cover qualified veterans in all programs and schools at the University, including the College and the Graduate and Professional School

“We owe a debt of gratitude to the men and women who have served our country in the armed forces,” said Yale Provost Peter Salovey. “We are pleased to join the VA in helping to ensure that a Yale education is affordable for veterans from all walks of life.”

The Yellow Ribbon scholarships will supplement other education benefits from the VA. Under the Post 9/11 GI Bill enacted in 2008, the VA will pay tuition and fees for veterans who served 36 months of active duty after September 11, 2001; the payments will be based on the highest tuition rates for in-state undergraduates at public universities in Connecticut. The Yellow Ribbon Program allows private institutions, as well as public universities with more expensive graduate and professional programs, to voluntarily enter into an agreement with the VA to help fund tuition and fees that exceed the maximum in-state rate, as established by the VA. Under this agreement, the VA will match dollar-for-dollar institutional aid provided to veterans to help offset any remaining charges for tuition and fees.

The VA will also provide an allowance for books and a housing allowance. These benefits for a full-time student at Yale could total up to $40,000, based on a veterans’ length of service, course load, and other factors.

Students who believe they may be eligible for the benefits under the Post 9/11 GI Bill are encouraged to contact the registrar or the financial aid officer at their school of enrollment.