College Factual  by our College Data Analytics Team
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Can You Afford University of Chicago?

Concerned about paying for college? Take a look at UChicago’s financial aid options, including grants, scholarships, and student loans, then calculate the net price based on your income level to determine if you can afford to attend this school.

2020 - 2021 Costs Between $4,434 and $80,277

Feeling a little stressed about paying $80,277 to attend University of Chicago each year? This number can be deceiving, and for many, the net price you pay will be less.

While there is no tuition reduction for Illinois students, 50.9% of freshmen receive some form of financial aid, with the average amount totaling $43,836. Students from low-income families receive an average of $75,843 in aid during their first year.

Cost (no aid)

Tuition and fees$59,298
+ Room and board$17,004
+ Other expenses$3,975
Total cost$80,277
Affordability Score (0 out of 100)
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Net Price (with average aid)

Total cost$80,277
- Grants and scholarships$43,836
Net price$36,441
Affordability Score (9 out of 100)
more expensive
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Average Net Price for Low Income Undergraduates

Total cost$80,277
- Grants and scholarships$75,843
Net price$4,434
Affordability Score (99 out of 100)
more expensive
less expensive

Learn more about tuition and fees, room, board and other expenses, and financial aid options at UChicago.

Projected Costs Between $8,150 and $505,710 For a Four Year Degree. Between $5,003 and $243,429 For a Two Year Degree.

Looking at the total projected cost of a college education over the course of two / four (or more) years can feel a little overwhelming. However, doing so will help better prepare you for the financial commitment you are making.

The overall cost for on-campus students to attend UChicago in 2020 - 2021 was $80,277. To calculate future costs, we looked at the prior five years of data and determined that this cost increased an average of 3.8% each year. If this trend continues, we expect the full cost for incoming freshmen to be $86,494 during their first year. By their senior year, that cost will be approximately $96,734 for a bachelor degree candidate ($89,781 for an associate degree candidate) for a total of $366,201 over the course of four years ($176,275 over the course of two years). These numbers do not take into consideration financial aid, which reduces this overall cost by varying amounts per student.

Remember, the full costs quoted above are not what most students will pay, and the net price varies quite a bit based on individual circumstances.

Average Net Price at University of Chicago

Cost With Interest

The tables below outlines how the overall degree net cost can vary depending on your situation. This table also highlights the impact student loans can have on the overall cost of college.

Projected 2-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*-0.5%3.8%
Freshman year$2,790$36,041$86,494
Senior year$2,213$35,843$89,781
Total 2-year net price$5,003$71,884$176,275
10-year loan interest @ 6.8%$1,906$27,385$67,154
Total monthly payment$58$827$2,029
Total amount paid$6,908$99,270$243,429
Projected 4-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*-0.5%3.8%
Freshman year$2,790$36,041$86,494
Senior year$1,392$35,450$96,734
Total 4-year net price$8,150$142,980$366,201
10-year loan interest @ 6.8%$3,105$54,470$139,509
Total monthly payment$94$1,645$4,214
Total amount paid$11,255$197,450$505,710

Visit net price and financial aid to learn more about the total cost of attending University of Chicago.

Further Questions to Consider

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