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UChicago Tuition & Cost

Chicago, Illinois

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How much does it cost to attend?

Sticker Price
Costs for University of Chicago
Fee Cost
Books and Supplies$1,800
Other Fees$2,985
Room and Board $17,685
Other Expenses Budget$2,400

Annual Prices

The annual tuition to attend University of Chicago is $59,256. The cost is the same for both in-state and out-of-state students. Room and board fees are an additional $17,685. For educational materials, students should allocate approximately $1,800 for books and supplies plus $2,985 for other fees charged by the school. Finally, students should budget $2,400 for miscellaneous expenses throughout the year. With all these fees considered, the expected total cost to attend University of Chicago on a full-time basis is $84,126 per annum.

All price data is sourced from the 2021/2022 U.S. Department of Education National Center for Education Statistics survey.

Net Price

The net price provides a more realistic estimate of the true cost of attending University of Chicago, once common grants and scholarships have been taken into account. It's important to note that this net price can fluctuate based on factors such as family income and individual financial need.

Average Net Price 2019/2020
Net Price by Income University of Chicago
Family Income Net Price Paid
$0 to $30,000$2,500
$30,001 to $48,000$4,777
$48,001 to $75,000$8,375
$75,001 to $110,000$19,895

The average reported annual net price for University of Chicago for students receiving grants or scholarship aid was $36,584 in 2019/2020. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

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Financial Aid

53% of full-time undergrad University of Chicago received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $44,947 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 6% of students received Federal Student Loans averaging $5,139 and 2% of undergrads took out private student loans averaging $23,024.

Finanical Aid University of Chicago
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $44,947 53%
Institutional Grants and Scholarships $42,948 52%
Pell Grants $4,937 13%
Other Federal Grants $2,950 10%
State and Local Grants $5,304 3%
Federal Student Loans $5,139 6%
Other Student Loans $23,024 2%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to University of Chicago, we've modeled a ten year student loan with an original principal value of $119,696. The loan balance of $119,696 is a four year multiple of the $29,924 average net price. This is a estimate of what you could owe upon graduation if you were to qualify for average financial aid and what a degree really may cost. Should you not qualify for financial aid, you may owe significantly more when you graduate. Based on these assumptions, a monthly repayment of $1,269 could be required to satisfy your student loan.

Please note that financial aid is not guaranteed and is only available for qualifying students. Federal Student Loans are not grants and must be repaid with interest. The current Stafford loan interest rate is 4.99%.

Example Loan $119,696
Stafford Loan Interest Rate 4.99%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $1,268.98
Total Interest Paid $32,581.22
Sum of All Loan Payments $152,277.22

Projected 4 Year Degree Price

4 Year Sticker Price
Year All Residents
1 $84,126
2 $86,851
3 $89,664
4 $92,568

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at University of Chicago to be $336,504 - assuming graduation in normal time. The estimation assumes a 3.2% annual increase over the next 4 years which has been the recent trend for this school.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at University of Chicago
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $1,975 $5,925 $7,900

Estimated cost for a class at University of Chicago based on published credit hour prices. Note that not all schools allow single class enrollment. These prices should be used for comparison purposes as to how much it may cost to take a class at University of Chicago versus other colleges.

Tuition Payment Plans Available

University of Chicago Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan No
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No
Costs for Similar Colleges 

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=144050 IPEDS survey data for University of Chicago.