Back in 2003, the board gave the comedian an honorary doctorate of humane letters after a lifelong career in comedy and TV. In doing so, the Ivy League university said that it was committed to both "the elimination of sexual misconduct and the adherence to due process". "We reaffirm that commitment with our action today", the statement added.
The school was founded in 1701, and has since been recognized for their academic excellence and innovations fostered within their campus.
"We haven't previously rescinded an honorary degree", spokesman Thomas Conroy told CNN.
The 80-year-old Cosby was convicted last week of aggravated indecent assault and is the subject of almost a dozen civil suits filed by women accusing him of sexual assault. The 80-year-old comedian and actor now faces the possibility of spending the rest of his life in prison.
Cosby is out on bail, with sentencing yet to be announced.
UEFA Champions League match report Real Madrid v Leganes 28 April 2018
Madrid took an early lead when Gareth Bale scored with acrobatic effort that creeped over line, after Karim Benzema's shot was saved.
Yale University, Temple University, the University of Notre Dame and North Carolina A&T State University have already revoked degrees awarded to Cosby. But the list of schools pulling those honors is growing.
This is the first time Yale has ever rescinded an honorary degree. As documented by WRAL, Folt released a statement regarding the decision to revoke Bill Cosby's honorary degree. "Yesterday, Dr. Cosby was found guilty by a jury of the felony of aggravated sexual assault".
After consulting with a representative committee of its community, FIT on Monday recommended to the State University of NY - of which FIT is a part - that the degree be rescinded.
Cosby was accused of drugging and sexually molesting Andrea Constand, who served as operations manager for the women's basketball team at Temple University, at his home outside Philadelphia in 2004.