Affording an Education

At the University of Chicago, we are committed to making our world-class education affordable for every student.

Grants and Aid

Cost shouldn't keep any student from joining the UChicago community. That’s the guiding principle of our financial aid, which is anchored by a robust scholarship program that welcomes students from all walks of life to campus.

Our Financial Aid office has a budget of $146 million for student aid, and UChicago pledges to meet 100% of the demonstrated need of every undergraduate on campus. The average University of Chicago need-based financial aid award comes to $47,300 per year.

UChicago pledges to meet each admitted student's full demonstrated need

Our Financial Aid Office has a budget of
$146 million for student aid

Family Income below $80K
97% who applied received aid

Family Income between $80K-$120K
92% who applied received aid

Family Income above $120K
64% who applied received aid

No Barriers Program

No Barriers is a comprehensive plan to increase access to college, support students in receiving an empowering education, and prepare them for lifelong success. This program eliminates obstacles when applying, ensures students will leave college without the burden of student debt, and offers robust, personalized support that gives every UChicago student, regardless of background, opportunities to discover their passions and leverage their world-class education. For more information, please visit

No Application Fee

Families who apply for financial aid do not have to pay a college application fee to UChicago. You are welcome to attend a UChicago session in your area to learn more information on the selective admissions process and how to apply for financial aid.

No Loans

UChicago’s need-based financial aid involves no loans and is awarded as grants, which do not need to be repaid. Students can graduate without debt influencing their plans for the future.

Funded Opportunities

Generous funding for summer and school-year involvement is available—from internships and research positions to study abroad and career exploration treks—for all majors and interests.

Lifelong Career Support

Career support starts with your personal career adviser, continues through four years of professional development programs that introduce skills built upon the previous year’s lessons, and becomes real experience through nearly 2,000 funded internships annually. At graduation, 93% of the class was employed, enrolled in a graduate program, or had other substantive plans.

Odyssey Program

Thanks to the incredible generosity of an anonymous donor "Homer" and further gifts from alumni and friends of the University, the Odyssey Scholarship program provides enhanced academic, social, and career support to students who are from lower-income families or are the first in their families to attend college. Odyssey Scholars are selected on the basis of financial need and family circumstances. Students must apply for need-based financial aid in order to be considered for this need-based University funded scholarship; students selected as Odyssey Scholars usually have family incomes under $90,000.

Odyssey Scholars are eligible for additional funding for study abroad and other costs such as health insurance and have the opportunity to receive a funded summer internship or research opportunity after their first year in the College.