Dear Wangcai,Thank you for your letter dated December 1 inquiring about financial aid from Yale University.In response to your inquiry, I hope the following information will be of use.All applicants must submit their applications for financial aid no later than January 31.Applicants who miss this date will not be considered for a grant.After receiving their applications,the scholarship committee will exercise its judgement in determining to whom a grant can be made and how much the amount of financial aid will be.Grants are made on the basis of merit as well as need.However, all applicants must be aware that the competition for financial aid is very keen.Please do not hesitate to contact me if you require any further information.Yours sincerely,Li Ming
