Through its program of need-based financial aid, Yale commits to meet the full demonstrated financial need of all applicants. Most financial aid is in the form of <answer>grants and scholarships</answer> that do not need to be paid back to the university, and the average need-based aid grant for the Class of 2017 was $46,395. 15% of Yale College students are expected to have no parental contribution, and about 50% receive some form of financial aid. About 16% of the Class of 2013 had some form of student loan debt at graduation, with an average debt of $13,000 among borrowers.
How is most financial aid obtained at Yale?
grants and scholarships