On Monday, LacrosseRecruits.com decided to take a field trip to Yale University to sit in on an Admission’s Information Session and meet with a financial aid officer to discuss how a recent $24 million financial aid budget increase effects financial aid packages for students, and in particular, athletes.
Useful Information from Yale’s Admissions Information Session
An admission counselor discussed the different ways the school evaluates potential students…
1) Your Transcript! Your grade point average is important, but having a 98 average will not go too far if you are not challenging yourself with honors and AP courses. Along with each transcript is a copy of your high school’s academic profile. The admissions officers will see what classes are offered at your high school and how many challenging courses you enrolled in over your four years.
2) Standardized Tests! Tests results still weigh heavily in the admissions process. Yale requires the SAT and two SAT 2 tests or the ACT. Students are allowed to combine their highest individual scores in Math, Verbal and Writing on the SAT. Students are not allowed to do the same on the ACT. Next year, the College Board will add the option for students to choose which scores go to certain schools, Yale will not allow students to do this.
3) Extracurricular Activities - The college is looking for well-rounded or well-lopsided individuals. The student speaker discussed his heavy involvement in music and theater throughout high school, and how the college was looking for theater students like him. He also said, if you are a Math whiz or an Oboe player, you should accentuate your talents and passions. With extracurricular activities, he also mentioned the importance of the “personal statement.” He advised that students find their personal voice and make sure to differentiate themselves.
4) Recommendations - Make sure that you are getting recommendations from teachers or advisers that know you on an academic and personal level. You want to have someone who can attest to your character as well as your ability to get “A’s.”
General Gist From A Financial Aid Officer
The conversation with the admissions officer can best be summarized with the information from their financial aid website. The sentences below will give you the general gist of how the increased budget changes student packages. Also, please click here to learn about need based financial aid. (every parent considering financial aid should read this!)
“Families earning less than $60,000 annually will not make any contribution toward the cost of a child’s education, and families earning $60,000 to $120,000 will typically contribute from 1% to 10% of total family income. The contribution of aided families earning above $120,000 will average 10% of income.
Yale also is increasing the number of families who qualify for aid, eliminating the need for students to take loans, enhancing its grants to families with more than one child attending college, exempting the first $200,000 of family assets from the assessment of need, and increasing expense allowances for foreign students during school vacation periods. Yale calculates financial aid by taking into consideration a family’s total income and assets, family size and number of children in college, family medical bills, state of residence, and a number of other factors.”
The other gem that I picked up from the financial aid officer, “every package is different and it would be a waste of our time to try to figure out potential packages for freshman or sophomore students in high school, so we have a financial aid calculator on the website for them.”
Similar to a mortgage calculator you find on the internet, Yale has a financial aid calculator (you will find these on most school’s financial aid websites). As Yale’s Financial Aid Departments states, “this calculator will enable you to make a preliminary determination regarding whether you may, or may not, qualify for need-based financial aid.” To see what type of package your family would qualify for, please click here!
I hope you find this post helpful. Also, if you are going to New Haven and plan on having lunch at Prime 16, they are closed for lunch on Mondays. If you have any questions, please feel free to contact me directly at firstname.lastname@example.org.