Relieve pressure, sure. Free pass? What? I mean they still need to do the coursework. The school should refund their tuition and room/board, and allow them to complete the semester later.
Pass/fail grades are not factored into GPA calculations at Yale anyways. The idea behind a "universal pass" system is that it completely eliminates grades for the semester without leaving that section of the transcript empty. It's more akin to a participation trophy than an unmerited gold medal.