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Fall Term

  • Bill generated August 1
  • Due in full by September 1

Spring Term

  • Bill generated the first week of November
  • Due in full by December 1

All student's are automatically enrolled in the Yale Health Insurance Plan. Students with alternation hospitalization insurance may waive the Yale Health coverage.

Yes. Students may finance all or a portion of the bill through either a 5 month (one semester’s bill) or 10 month payment plan (full academic year). More information on the payment plan is available on Student Financial Services' website.

Please review the ‘Cost Information’ page for a detailed breakdown of your student budget for the academic year.

Students who are eligible for a refund can initiate the refund process once classes for the applicable term have begun, and all financial aid has been received and credited to your account. The quickest and most convenient way to receive your refund is by setting up direct deposit. To apply for direct deposit, log onto Student Information Systems (SIS), select Student Accounts and then Direct Deposit Authorization. Once there is a credit on your account and your direct deposit has been set up, students can then request their refund on Student Information Systems (SIS) by selecting Student Accounts and then Refund Request from Student Account. The funds will be electronically deposited into your personal checking account within two banking days from the time Student Financial Services sends the information to the national Automated Clearing House (ACH) system.

1098-T forms are mailed each year by January 31st to the student’s billing address on file in SIS. (If there is no billing address on file, the form is mailed to the student’s permanent address; if no permanent address is on file, the form is mailed to the student’s mailing address in SIS.) The 1098-T forms are also available to students online through Student Information Systems, under the Student Accounts menu or to students and proxies on the eBill-ePay website.


If you are a veteran who plans to use VA benefits during your enrollment, you should first initiate the process by applying for veteran benefits on the VA site directly:

Use the BAH Calculator to see current rates. A monthly housing allowance (MHA) will be paid directly to benefits recipients based on the basic allowance for housing for an E-5 with dependents for the New Haven zip code.

Under the Yellow Ribbon Program, students who are 100% eligible through the GI Bill and are considered eligible for Yellow Ribbon funding as determined by the VA receive full coverage of Yale SOM tuition and fees through a combination of VA funds and a contribution from the school.

Veterans are given equal consideration for merit-based scholarships. Additionally, SOM has several scholarships designated solely for veterans. Please visit the U.S. Military section on the Funding Resources page to learn more about what is available.

The Post 9/11 GI Bill® provides up to $26,042.81 in benefits as of August 2021 at the 100% eligibility level. Payments are made by the VA directly to the University and are applied towards a student’s tuition & fees (fees for room and board, transportation, books, laptop, and supplies are not covered).

This benefit is available to full-and part-time veterans who have at least a 20% memorandum rating, or a 10% service-connected disability rating from the VA. This includes full payment for tuition, fees, and a monthly stipend. Visit the VA website for complete information. Vocational Rehab does not cover the cost of medical insurance.

Federal Student Loans

To initiate the federal loan process, students should first complete a FAFSA application. Upon completing a FAFSA application, U.S citizens and eligible non-citizens are automatically eligible for the Federal Direct Unsubsidized Loan in the amount of $20,500 for the academic year. To request this loan, students are asked to complete a Direct Loan Request Form. Should students wish to borrow an additional federal loan, students additionally have the option to apply for a Graduate PLUS Loan which can be applied towards up to the remaining cost of attendance (less any existing loans/scholarships, etc.) To request this loan, students can complete a Direct PLUS Loan Request form.

The federal government defers repayment on student loans until six-months after a student graduates, or if a student's enrollments falls below six credits.

The school code for SOM is 001426.

An origination fee is a non-refundable fee kept by the lender. For federal loans, the fee is deducted proportionately from each loan disbursement you receive while enrolled in school. This means the money you receive will be less than the amount you actually borrow; however, you’re still responsible for repaying the entire amount you borrowed and not just the amount you received. The origination fee for the Federal Direct Unsubsidized loan is 1.057% for loans disbursed on or after October 1, 2020. The origination fee for the Graduate PLUS Loan is 4.228% for loans first disbursed on or after October 1, 2020. 

Yes, all federal and private student loans will accrue interest while you're in school; there aren't any subsidized loans offered for students at the Graduate Level. 

Federal Direct Unsubsidized Loan: The fixed interest rate for the 2021-2022 academic year is 5.284%, and carries a 1.057% origination fee for loans first disbursed on or after October 1, 2020. 

Graduate PLUS Loan: The fixed interest rate for the 2019-2020 academic year was 6.284%, and carries a 4.228% origination fee for loans first disbursed on or after October 1, 2020.

For both federal student loan types, students have a six month grace period after graduation (or if you are in a ‘less than half-time status while in school)  before they are required to enter into repayment. 

Students borrowing federal loans are automatically opted into the 'Standard Repayment Plan' in which your payments are a fixed amount that ensures that your loans are paid off within ten years. The federal government does offer various different types of repayment plans, however, that may better suit your needs. 

Private Loans

Students should first apply directly with the lender of their choice. For U.S Citizens and eligible non-citizens: you can review various lender options directly on ELMSelect. By no means are you required to apply for a loan on this list, it's merely offered as a starting-point. For International Students: International students without a U.S cosigner have an option of applying with a no-cosigner lender. Currently, the two no-cosigner lenders lending to international students at SOM are Prodigy Finance and Quorum Federal Credit Union.

Our office is actually prohibited from recommending one private lender over another. The University has, however, compiled a 'Lender Comparison Chart' through ELMSelect, which details lenders that our students have anecdotally borrowed from. To access Yale SOM's chart, enter "Yale University" in the school search engine, and then "MBA" under 'Select Program'. Although this chart is meant to be a starting point for you in your private lender search, you can apply for any private educational loan of your choosing.

Repayment plans for private loans can differ from lender to lender; we typically find that private lenders offer a repayment period ranging from 5-10 years. 

Private loans may or may not have an origination fee. You should make sure that you check in with the lender  regarding whether or not they have an origination fee.

Currently, the two no-cosigner loans that international students have access to apply to are Prodigy Finance and Quorum Federal Credit Union which accept loan applications from international students attending SOM who do not have a U.S. cosigner.  International students may be eligible to borrow up to 80% of the cost of attendance. Information about Prodigy and other lenders can be found at ELMSelect.  ELMSelect provides a comparison of different lenders, which you can use to evaluate lenders and select one that suits your loan needs. This is not a list of recommended lenders but is rather a list of those lenders used by our students over the past three years. You are free to choose any lender, and Yale will process a loan for you from any lender.