Costs of Attending the University of Chicago

Hey everyone, I have been exploring my options for college, and the University of Chicago strongly caught my attention. However, I'm pretty concerned about the cost. Can someone give me a ballpark estimate of UChicago's annual tuition? Also, if there's information about various financial assistance programs available, I'd appreciate it.

Hello! For the 2024-2025 academic year, the tuition at the University of Chicago is approximately $67,446. The total cost of attendance, including room and board, books, and personal expenses, is about $85,239, but this figure may vary slightly depending on individual circumstances.

As for financial assistance, University of Chicago is one of the few schools in the United States that is committed to meeting 100% of demonstrated need for all students. They have a program called "No Barriers" which aims to increase access for all students regardless of their socio-economic status. This includes no-loan financial aid packages, where financial need is covered through grants (free money) and work-study, rather than student loans.

Many families that earn less than $125,000 per year and have typical assets can expect to pay nothing towards tuition, fees, and room and board. For families who earn between $125,000 and $250,000 per year and have typical assets, the expected parent contribution towards these costs will range from 0% to 20% of their income. This commitment helps to minimize student debt after graduation.

Merit scholarships are also available. While these don't consider financial need, they do consider your overall academic performance, test scores, and various other factors. UChicago automatically reviews all applicants for these scholarships, which can help further reduce the cost. They also have specific programs like the Odyssey Scholarship program for families with incomes less than $90,000 and the UChicago Promise program specifically for students from Chicago.

Keep in mind that every financial situation is unique, so these are just general offerings. It might be beneficial to use UChicago's Net Price Calculator (https://uchicago.clearcostcalculator.com/student/default/netpricecalculator/survey) to get a more accurate understanding of what you might specifically be expected to pay. Best of luck in your college search!