Affording Your MBA

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MBA Affordability By The Numbers


Yale SOM Admissions is need-blind

 

73 %

of students receive financial aid

3 years

average return on investment

$1.4M

in loan forgiveness provided in 2015

11

Entrepreneurial fellowships

 

 

Pursuing a full-time MBA is a major investment. A degree from Yale maximizes the return on your investment to create global opportunities of limitless potential. Our Financial Aid Office is dedicated to assisting students with the process of obtaining the right financial resources to finance their education. We work with prospective and admitted candidates, but continue to advise you on post-graduation on loan repayment, fellowship programs, and loan forgiveness.

For questions about financial aid, email the Office of Financial Aid at somfinancialaid@yale.edu.


Merit-Based Scholarships

All applicants are automatically considered for merit-based scholarships. No separate application is required. Scholarship recipients are notified at the same time that they are admitted.

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Loans

Most financial aid is in the form of student loans. Detailed information will be provided about loan options once you have been admitted to the program and applied for financial aid. All loans must be used for educational purposes.

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External Scholarships

We encourage you to research sources outside Yale to help reduce your debt load, as many outside sources provide additional funding resources in the form of academic scholarships. These include industry associations, foundations, fraternal organizations, clubs, athletic organizations, and ethnic associations.

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Employer Sponsorships

Candidates should do their research on whether employer sponsorship is an option. Be sure that you understand everything about the repayment terms required by your sponsor, especially the options for repayment if you choose not to return to the sponsor after graduation.

Military Benefits

Yale participates in the Post-9/11 Veterans Education Assistance Act of 2008, and the Yellow Ribbon Program — a grant that is available to eligible military candidates. There is no cap on the number of Yellow Ribbon recipients and SOM has doubled its contribution to $20,000/year.

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Post-Graduation Opportunities

Yale supports its graduates in whatever field they enter, but understands that certain careers are more financially stressful that others. To that end, learn more about our Entrepreneurial Fellows Program and our Loan Forgiveness Program. The “LFP” is the oldest and more generous program of its kind among business schools, supporting graduates who pursue “public good” jobs around the world.

We also keep our graduates abreast on post-graduation loan repayment options.

Additional In-School Opportunities for MBA Students

Internship Fund: The Internship Fund is a completely student-run organization that brings together first-years to financially support our classmates in the pursuit of public service internships that are often low-paying.

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Summer Grants for Entrepreneurs: In addition to its support and programming for entrepreneurs, existing grants for entrepreneurs encourage students to pursue ventures.

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Global Studies Requirement Financial Support: Yale SOM provides a Global Studies Account to MBA students to help offset the cost of fulfilling the requirement. This funding is destination-specific and provides up to 10 days of support for meals and lodging at 50% of the State Department Rate.

Teaching and Research Assistantships are also available.