1. 2018-19 YSM MD Financial Aid Enhancements
Changes to need-based financial aid policies

2. 2018-19 MD FINANCIAL AID ENHANCEMENTS
Going forward, unit loans for entering and returning MD students will be set at $23,000, a decrease from the level of $29,000.
This amount will remain constant for all present students including those accepted for admission in 2018, rather than increasing every year as in the past.
0 parent contribution from income will now be assessed at incomes of $125k and less, rather than $100k and less. Contributions for incomes from 125k-165k will be prorated.

3. LOWER BORROWING EXPECTATION
The unit loan is the amount students are expected to borrow towards their calculated need. In the past, this amount has increased $1,000 every academic year. In , this amount is $29,000.
Beginning in , this borrowing expectation will decrease to $23,000. For students who qualify for need- based aid, the difference will be covered with YSM scholarship.

4. LOWER BORROWING EXPECTATION
A family with $60k calculated financial need is eligible for $60k in financial aid. That aid would consist of:
$29k unit loan
$31k YSM scholarship
$60k total financial aid
With the new enhancements, a family with the same need would have a slightly different distribution of aid:
$23k unit loan
$37k YSM scholarship
$60k total financial aid

5. ADDITIONAL RELIEF FOR MIDDLE INCOME FAMILIES
A family whose total income is $100k or less is not assessed a parent contribution from income. They may still be expected to contribute from assets.
Additional allowances are made for families whose incomes are between $100k- $140k.
Beginning in the year, this threshold will be raised to $125k.
The range for adjusted parent contributions will be raised to $125k-$165k.

6. Summary
These changes will result in more generous financial aid policies
Most students who receive YSM need-based aid will benefit from lower loan expectations and more scholarship
Some students who did not qualify for need- based aid in the past, may now qualify

7. Have Questions?... Contact Us.
Office of Financial Aid
Hours of Operation: 8:30am – 5pm Phone:   Fax:   us:
Stop by:
ES Harkness Hall, Building D
367 Cedar Street, ESH 202
New Haven, CT 06510
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