Post #13

Before getting into our post for the day, we want to take a moment and wish all of our Bulldog Pipeline readers in the U.S. a very special and happy Thanksgiving. There have been literally thousands of you reading and watching our content. It’s exciting to see all of you take an interest in our program. Good things are happening at Yale. A very happy Thanksgiving to all of you no matter where you are!

IN THIS POST… Affordability / FroCo’s

  • Affordability/Financial Aid – Understanding the Process
  • The Yale ‘FroCo’ system
  • NCAA/COVID Update

Affordability/Financial Aid – Understanding the Process

It’s no secret an Ivy education isn’t cheap. The average cost of attendance among Ivy schools that have women’s hockey programs for the 20-21 academic year is $78,900. In this post we’ll review how a Yale education becomes affordable, lay out the financial aid process our players go through, and explain why coming to Yale may be less expensive than a scholarship.

Understanding Affordability

By its own rules, Ivy league institutions don’t offer athletic scholarships. So to help students offset the high cost of an Ivy education, Yale offers what are called ‘need-based’ financial aid packages to qualifying students. Students qualify based on financial need which is determined by a review of the families financials. These packages are made up of three areas–Cost of Attendance, Gift Aid, and Estimated Net Cost figures.

Cost of Attendance include tuition, room, board, books, travel and personal expense costs.

Gift Aid includes the Yale Scholarship and any government or external awards. Gift aid does not need to be paid back. It’s not a loan.

Estimated Net Cost is the amount a student and family is expected to contribute towards the cost of a Yale education.

How much $ do students receive in financial aid? It varies. F-A packages are evaluated on the family’s need and personal financial situation. The more income a family makes usually = less financial aid given. Less income = more financial aid.

How how does Yale help make things affordable? For starters, those who qualify for financial aid will receive the Yale Scholarship, which is the main component of the gift aid portion of the package. I am sure many of you are asking, well I make xyz a year, what could I potentially qualify for? Below is a chart mapping it out:

Annual Income
Range
Median Net
Cost
Median
Schoolarship
Percent who
Qualified for Aid
Less than $65,000$2,850$76,925100%
$65,000-$100,000$5,701$70,21799%
$100,000-$150,000$15,528$60,29599%
$150,000-$200,000$29,721$46,,32695%
$200,000-$250,000$42,964$31,19679%
Greater than
$250,000 +
$43,704$28,88125%
All figures in $USD and as of the class of 2023 first year students

Yale’s financial aid office will evaluate yearly income and typical assets such as the equity in your home, college savings plans, student savings, stock investments, etc. to determine the ‘Expected Family Contribution’, a percentage of income, usually 1-20%, that Yale feels parents and students should pay toward their child’s education. All students who attend Yale are extremely bright and therefore no academic award scholarships are offered at any Ivy League School. Players are welcome to apply for scholarships in their local community and use them at Yale provided they are not based on athletic ability and are cleared by our NCAA Compliance department.

Yale evaluates the ‘Expected Family Contribution’ based on the following:

  • Parents’ Income
  • Parents’ assets (cash, savings, home equity, other real estate and investments)
  • Family Size
  • Number of Children attending college
  • Students’ expected income from summer and term-time jobs
  • Students’ assets (cash, savings, trusts, and other investments

Family’s with a combined income of $75,000 or less with typical assets will pay $0 for their child to attend Yale. Yale is committed to being affordable for everyone who has an opportunity to attend by meeting 100% of demonstrated need without loans. The average aid package in 2019-2020 was $55,100. The median net cost was $13,000 for the 2019-2020 year.

Here is a great video on the Yale financial aid process from back in April just after the pandemic hit–just click HERE.

The Athlete Financial Aid Process

Knowing how much it may cost to attend Yale is needless to say, important. Once NCAA rules allow, we begin to broach the subject of affordability with recruits and their parents as we try to answer the ‘can-you-afford-Yale’ question as early in the process as we can. Bottom line, we could want you to come to Yale and you could want to make a commitment, but if it’s not affordable–it just won’t work. And if it doesn’t work, that’s okay, we both move on knowing we exhausted all avenues.

So how early can you know costs? U.S. families can get a really good ballpark estimate by using one of the calculators found on Yale’s F-A website, found HERE. International recruits have a tougher time using those calculators because you won’t have a U.S. physical address. International families can contact Yale’s financial aid office and get direction on how to estimate costs.

Much like we have a ‘pre-academic read’ process, the same holds true for F-A where we are able to get ‘pre-financial aid reads’ directly from the financial aid office. These can begin in the recruits’ grade 11 year, usually after Jan. 1. This process is a bit selective as there are only so many requests we can make and not every recruit we engage with will get one. The process begins with an email to the family requesting tax and other financial documents. They tend to take about a week to ten days to complete. But one a package has been returned, you’ll know the costs to the penny.

Better Than A scholarship?

In some cases, yes–A Yale financial aid offer could be more attractive than a partial scholarship. Just go back to the table above and see the out of pocket net costs. Say you have to pay out-of-pocket for x-number of years for tuition, room, board, books, fees, insurance, etc. If it costs $50K per year to attend but you have to pay for two years on your own, that’s $100K you have to come up with. If you go by the cost to attend Yale today $78,850 and subtract the average F-A award package of $55,100… do the math and you’re paying out of pocket $95,000 over four years – for a YALE education.

We find there is a BIG misconception out there that a Yale education isn’t affordable. Most think you have to have oodles of $ to make it work. The reality is that just isn’t the case in most instances. No doubt there are those who won’t qualify for F-A and wind up paying the full-freight. But Yale is committed to making it affordable for those who can get in.

The Yale ‘FroCo’ System…

As a hockey player moves up from one level to the next, it takes some time to calibrate yourself and get adjusted to the level of play. The same holds true for most freshman first-year students entering Yale. There is an adjustment period to go through. Maybe you’re away from home for the first time, maybe classes are tougher than you thought? May be things are just different. To some the adjustment takes longer than others. Very few have not much of an adjustment at all. Enter the Yale ‘FroCo‘.

FroCo is the colloquial term for First-Year Counselor. These are senior students, the best of the best–knowledgable, experienced, and may be most importantly empathetic in the adjustment first-year students go through. Selected by each college through an application process, the FroCo can sometimes be a first-years’ best resource to help navigate tough times socially, academically, and in life. They live in residence and the position is fairly demanding. Regular check-ins, meetings, and FroCo sponsored events are just a few of the responsibilities they have. And FroCo’s do get paid for their time, up to $10K in some instances.

Tera Hofmann ’20, one of our goaltenders from Toronto was a FroCo last year. She loved it.

NCAA/COVID Update…

College Hockey America is the latest conference to announce scheduling plans for the 20-21 season. You can read the official press release HERE. RIT will travel to play Syracuse on Friday. RIT had originally cancelled its season weeks ago but reversed its decision upon the state of New York approving COVID-19 protocols.

Hockey East had 2 more teams suspend hockey activities in the last 48-hours. On Tuesday Northeastern followed Vermont’s lead in pausing all athletic activities in five sports, including women’s and men’ hockey until Dec. 18th. This was due to a small cluster of positive cases among athletes. You can read the story HERE.

Also on Tuesday the University of Maine announced it would pause all hockey activity until Dec. 8th after positive cases among varsity athletes. It was not known if any of the positive cases were within the women’s or men’s hockey programs. You can read the story HERE.

Until next time… be well and stay safe!

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