ERIC Number: ED049680
Record Type: Non-Journal
Publication Date: 1971-Feb-6
Reference Count: N/A
Yale Tuition Postponement Option.
Yale Univ., New Haven, CT. Office of the President.
This paper offers a detailed explanation of Yale University's tuition postponement option. The purposes of the Plan are: (1) to enable students to defer part of the expense of education; (2) to enable students to contribute to the support of the University in approximate proportion to their ability to do so and to the economic benefit they have derived from their Yale education; and (3) to help meet Yale's immediate need for increased funds to defray sharply rising costs. The principal elements detailed in this paper are: (1) Yale's plan for increased university charges; (2) the deferment and repayment contracts and their terms; and (3) the allocation of repayments between principal and interest and the deductibility of the interest. During the deferment period, Yale will cover its costs by borrowing from conventional lenders, and the University will seek pledges to share the financial risks of the plan. (AF)
Publication Type: N/A
Education Level: N/A
Authoring Institution: Yale Univ., New Haven, CT. Office of the President.