How does licensing affect students?

Anyone interested in using the Yale name or trademarks for any purpose must secure the prior approval of the Yale University Licensing Program. Sales of products bearing a Yale trademark by University departments and authorized student groups are usually exempt from the royalty charge as long as the products are for internal use, to be given away, or, if for sale to the public, are sold directly (not via a retailer) with all proceeds benefiting the department or student group. Approval for designs must be obtained in advance from the Yale University Licensing Program. Yale College students or student groups wishing to use the Yale name must comply with the Undergraduate Regulations(broken link).