Policy on Outside Funding
The University of Chicago (UChicago) understands that many students who enroll are awarded funding from outside organizations. UChicago packages students up to their full demonstrated financial need and therefore outside funding may affect the amount of university funding we provide. In addition, federal regulation sometimes limits the total amount of grants and scholarship provided to aid recipients. Students can expect that UChicago will do their best to maximize all outside funding they receive.
Policy on Health Insurance
The University of Chicago requires all students to have health insurance, either through their parents or another plan. If the student is not covered by a parental plan, a University grant will be awarded to cover the cost of the basic student health plan.
Policy on Housing and Food
The Housing & Food estimate in the Cost of Attendance is based on an average of housing costs assessed to on-campus students with a standard unlimited meal plan. Changing dorms or choosing a more or less expensive meal plan will not change your financial aid package.
Policy on Travel Allowance
The Cost of Attendance allows for modest travel that is included in the annual cost of attendance.
Policy on Student Contribution
The student contribution from savings varies depending on the total assets a student has. Typically, a student is expected to contribute 20% of the reported assets during each of the four years of undergraduate enrollment. Note that the student asset amount may affect the total university grant offered.
Requirements Associated with Maintaining your Financial Aid
Students must complete the University’s financial aid application process each year to remain eligible for financial aid. All students receiving financial aid must meet the Satisfactory Academic Progress policy outlined in the College Aid Handbook. Students must be enrolled as a full-time student to remain eligible for institutional aid.
