MCDB: Finances - Sources of Support

Tuition

For the 2018-2019 academic year, tuition ($42,100/AY) will be paid for all students.  In addition, a stipend of $35,850 will be paid over 12 months.  All stipends are considered taxable income, and students are expected to file a tax return with the IRS.  The University will withhold tax on all research, teaching and other assistantships; on casual wages paid; and on the fellowship stipends of foreign students.  Taxes are not withheld on fellowship or traineeship stipends for U.S. citizens.  For the latter, most students file quarterly estimated tax reports.  NB:  Withholding forms for Connecticut State and Federal taxes must be on file at the Payroll Office, 155 Whitney Avenue and updated annually, otherwise the maximum amount will be deducted from stipend checks.  Students who are on assistantships in research (ARs) should file a Federal and State W4 form.  See Appendix 5 - Taxation of Scholarships and Fellowships. For more information, go to www.yale.edu/tax.  Foreign students should also refer to IRS publication 901 U.S. Tax Treaties

Federal and States if Connecticut tax forms as well as tax publications and instruction booklets can be obtained by contacting the following agencies:

Stipends

The Graduate Student Payroll System (GSPS) is a semi-monthly payroll; stipends are paid on the 15th and the last day of each month. Students are strongly urged to have their stipends deposited directly to their banks.  Forms are available in the Graduate Program Office, the Financial Aid Office of the Graduate School or on-line.

External Fellowships 

There are several fellowships administered by federal sources for which students may be eligible (e.g., National Science Foundation, Department of Defense).  Announcements of these fellowships are forwarded to eligible students and are on-line at the respective websites.  Also, the Dean’s office maintains an extensive file of fellowships and publishes the on-line Graduate School Fellowship Guide.  Students should be aware of the fellowships that are available, and should make every effort to apply for those for which their training and background are appropriate.  Being awarded a competitive individual fellowship carries with it several advantages. Stipends on such fellowships are occasionally higher than the NRSA level, funds for travel and laboratory expenses may also be available, and the award will strengthen a student’s curriculum vitae.  In addition, students who are awarded a competitive fellowship that is open to students on a national level are paid a substantial bonus to their stipend, currently $4,000/year, in accordance with the Graduate School’s Combined Awards Policy.