Yale University is a private Ivy League University situated in New Haven, Connecticut. It was found in 1701 in Colony of Connecticut. The university is third oldest institution of higher education in United States. Yale has produced several prominent alumni including five U.S presidents, seventeen U.S Supreme Court Justices and various foreign heads of state. Incorporated as Collegiate School, the institution traces its roots to 17th century clergymen who sought to establish a college to train clergy and political leaders for colony. In 1718, the College was renamed as Yale College to tribute a gift from Elihu Yale, a governor of British East India Company. In 1861, the Graduate School of Arts and Sciences became first U.S school to award Ph.D.
Transformation of Yale College begin in 1930s through establishment of residential colleges, 12 now exist and 2 more are planned. Approximately all tenured professors teach undergraduate courses more than 2,000 of which are offered annually. The assets of university include a US$16.3 billion endowment, second largest of any academic institutions as well as second largest academic library in the world with some 12.5 million volumes held in more than two dozen libraries. Yale and Harvard have been rivals in academics, athletics and other activities for most of their history competing annually in The Game and Harvard Yale Regatta.
For the class of 2014, Yale accepted 1,940 students out of 25,869 total applications, hitting a University record low acceptance of 7.5%. Yale accepted 742 out of 5,556 early application and 1,209 out of 20,444 regular applicants. Yale College offers need-blind admissions and need-based financial aid to all applicants as well as international applicants. Yale commit to meet full demonstrated financial needs of all applicants and more than 40% of Yale students receive financial assistance. Several financial aids are in form of grants and scholarships that don’t need to be paid back to University and average scholarship for 2006-2007 school years were $26,900. Half of all Yale undergraduates are women, more than 30% are minorities and 8% are international students. 55% students attend public schools and 45% attend independent, religious or international schools. In addition, Yale College admits a small group of nontraditional students each year, through the Eli Whitney Students Program.
Yale is a medium-sized research university; most students are in graduate and professional schools. Yale College students or undergraduate students, come from a variety of ethnic, national and socio-economic backgrounds. In year 2006-07 freshman class, 9% students are non U.S. citizens while 54% went to public high schools. Yale is also an open campus for gay community. Active LGBT community of Yale first received wide publicity in late 1980s when Yale obtained reputation as “gay Ivy” due largely to a 1987 Wall Street Journal article written by Julie V. lovine, an alumna and spouse of a Yale faculty member. In the same year, University hosted a national conference on gay and lesbian studies and established Lesbian and Gay Studies Center. Slogan “One in Four, Maybe More” was coined by campus gay community.