University of Chicago's published cost of attendance reaches $86,856 per year, including $66,939 in tuition, $19,221 for room and board, and $1,800 for books and supplies. However, the average student pays just $18,967 after financial aid, representing savings of $67,889 from the sticker price.
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Net prices are averages and may vary. Based on federal data for first-time, full-time students receiving aid.
| Cost Category | Amount |
|---|---|
| Total Cost of Attendance (Sticker Price) | $90,360 |
| Tuition and Fees | $70,662 |
| Room and Board | $20,109 |
| Books and Supplies | $1,800 |
| Average Financial Aid (Grants and Scholarships) | -$75,500 |
| Average Net Price (What Families Pay) | $14,860 |
| Family Income | Net Price |
|---|---|
| $0–30k | +$1,264 (stipend) |
| $30–48k | $914 |
| $48–75k | $226 |
| $75–110k | $12,602 |
| $110k+ | $48,524 |
University of Chicago's published cost of attendance reaches $86,856 per year, including $66,939 in tuition, $19,221 for room and board, and $1,800 for books and supplies. However, the average student pays just $18,967 after financial aid, representing savings of $67,889 from the sticker price. This dramatic reduction demonstrates the university's substantial financial aid commitment, particularly for middle and lower-income families.
The net price of $18,967 compares favorably to the peer median of $27,143, positioning University of Chicago $8,176 below typical costs at similar institutions. The institution's financial aid strategy creates a progressive pricing structure where actual costs vary dramatically based on family income, with the lowest-income students receiving aid that exceeds their educational costs. University of Chicago achieves affordability index performance at the 66.5th percentile, ranking in the above-average tier for cost management relative to outcomes delivered.
How much students borrow and whether debt is manageable given outcomes.
Debt is well below typical first-year earnings — generally considered very manageable.
University of Chicago graduates maintain manageable debt levels despite the institution's high sticker price. Median student debt of $15,000 falls significantly below the peer median of $24,181, creating a favorable $9,181 difference for University of Chicago graduates.
Debt levels range from $6,300 at the 25th percentile to $23,880 at the 75th percentile, indicating controlled borrowing across the student body. The debt-to-earnings ratio of 0.16 demonstrates that typical monthly loan payments represent a modest portion of post-graduation income, supporting financial sustainability.
University of Chicago ranks in the 85th percentile nationally for debt management, placing it in the strong tier for keeping student borrowing controlled. Parent PLUS loans show a median debt of $31,097 with monthly payments of $410, though this represents families choosing additional borrowing rather than institutional policy.
How cost compares to graduate earnings and value added.
University of Chicago delivers exceptional return on educational investment through the combination of strong earnings outcomes and controlled debt levels. Graduates earn $858 beyond expectations relative to similar students, ranking in the above-average tier at the 59.6th percentile for value-added performance.
Median earnings of $91,885 exceed peer institutions by $28,819 annually, demonstrating superior long-term outcomes that justify educational costs. The favorable debt-to-earnings ratio of 0.16 indicates that typical graduates can service their student loans while building wealth and pursuing career goals.
University of Chicago achieves return index performance at the 97.7th percentile, ranking in the exceptional tier for overall return on investment. The institution ranks among the top 5% nationally for median earnings while maintaining debt levels well below peer institutions, creating optimal conditions for post-graduation financial success.
University of Chicago enrolls 14.5% Pell-eligible students, indicating moderate representation of students from lower-income backgrounds compared to public institutions but typical for highly selective private universities. The $67,889 gap between sticker price and average net price demonstrates the institution's substantial investment in need-based financial aid.
Net prices by income tier reveal concentrated aid toward families earning under $75,000, with the most generous support provided to students from families earning under $48,000. The negative net prices for lowest-income families indicate that financial aid covers not only tuition, room, and board but provides additional support for living expenses and educational costs.
This aid strategy enables the university to maintain economic diversity despite selective admission standards, supporting the 20.2% first-generation student population. The progressive pricing structure aligns with the university's commitment to access while reflecting the financial resources of higher-income families who can afford to pay closer to full cost.
