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The University of Chicago is located in the largest city in Illinois. Chicago sits near the Illinois-Indiana border, giving students plenty of opportunities to get around Chicago or drive into Northwest Indiana, depending on where their interests lie. If they are taking summer classes, they may want to drive to Whiting, Indiana to take part in the Pierogi Festival, held every summer. The university itself is a large campus, housing a school of medicine among others. It is conveniently located immediately north of Midway Plaisance, making it easy for students to leave or return to the campus.

Overview of University of Chicago (U of C or UChicago)

Chicago itself is large enough that students will be able to find activities and attractions they will enjoy, such as Millennial Park. Outlying communities, such as Arlington Heights or Evanston also aren’t far away. The University of Chicago was founded in 1890 as a private, not-for-profit institution of education. The student body is smaller than for other universities - just over 17,003 students are enrolled for classes here. The student-to-faculty ratio is five to one, which gives any student who needs academic assistance plenty of opportunity to speak to their professors. Campus housing is provided to students.

Graduate students who are already in a degree program can take individual courses online; graduate degree programs are not offered in an online format.

General Information

School Type Private not-for-profit
Campus Setting City: Large
Campus Housing Yes
Student Faculty Ratio 5:1
Graduation Rate 94%
Year Founded 1890

Student Enrollment

Total Students17,002


Undergraduate Student

Male 3,382
Female 3,250

Graduate Student

Male 5,289
Female 5,081

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UChicago Acceptance Rate and Admissions


Male 15,113
Female 17,170


Male 1,209
Female 1,202

Acceptance Rate7%

Male   8%
Female   7%

Enrollment 1,740

Male 1,340
Female 1,322
Application Fee $75
High School GPA Considered But Not Required
High School Rank Considered But Not Required
High School Transcripts Required
College Prep Courses Required
Recommendations Required
SAT/ACT Considered But Not Required
TOEFL (Test of English as a Foreign Language) Required
Application Deadline November 1
Common Application Accepted Yes

U of C Tuition Cost & Financial Aid

Attending the University of Chicago and earning a degree is pricey. One recent academic year of education cost students $60,500+. This is where financial aid (grants, scholarships, institutional assistance, and student loans) steps in to fill the gap between what families can pay and what the university charges.

The average net price is what remains after financial aid has been applied to tuition, fees, and books. At this university, the average net price is almost exactly $33,000. Depending on family income, this is what families pay for an education:

  • With an income up to $30,000, families pay $3,178
  • With an income between $30,001 and $48,000, families pay $6,325
  • With an income between $48,001 and $75,000, families pay $7,933
  • With an income between $75,001 and $110,000, families pay $18,782
  • With an income at $100,000 and above, families pay $40,853

Financial aid helps students who cannot pay for their education on their own. An average of 61% of freshmen receives financial aid. At least 55% receive about $42,732 in grants or scholarships; Also, 55% receive institutional grants or scholarships averaging $41,096.

Average net price 2017-2018
Net Price $33,003
Average Total Aid $42,732
Students Receiving Financial Aid 61%
Room & Board $17,004

Sticker Price

  • Tuition In-State - $22,929
  • Tuition Out-of-State - $22,929
  • Books and Supplies - $1,800
  • Room & Board - $17,004
  • Other - $2,175


The first-year retention rate is 99% for first-time, full-time students. This is the percentage of students who return to the campus for a second year. Accordingly, this is used to gauge how students feel about the education they receive. If it wasn’t up to par, the assumption is that they would go elsewhere. The four-year graduation rate is 89% and the six-year graduation rate is 94%.

The student population of the University of Chicago is 17,000+. Undergraduate students number at 6,600+ and graduate students make up the rest of the population at 10,300+. The University of Chicago does not offer evening classes or courses. However, if students can’t attend daytime classes due to work commitments, they can take their classes via distance learning (online classes).

Some of the most popular degree programs include biological and biological sciences, business, management, marketing and related services, computer and information sciences and support services, and liberal arts.

Student Population Total

Student Population 17,002

Evening Classes : No
Distance Learning : Yes

Most Popular Programs & Majors

(# of Diplomas Awarded by Subject)

All Social Science Majors 489 Total Graduates / 32%
Econometrics and Quantitative Economics 334 Graduates
Political Science and Government, General 89 Graduates
Sociology 26 Graduates
Anthropology 21 Graduates
International Relations and Affairs 15 Graduates
Mathematics and Statistics 171 Total Graduates / 11%
Mathematics, General 130 Graduates
Statistics, General 41 Graduates
All Biological & Biomedical Sciences 137 Total Graduates / 9%
Biology/Biological Sciences, General 106 Graduates
Neuroscience 31 Graduates
Public Administration and Social Service Professions 117 Total Graduates / 8%
Public Policy Analysis, General 117 Graduates
All Physical Sciences 104 Total Graduates / 7%
Physics, General 47 Graduates
Chemistry, General 29 Graduates
Chemistry, Other 13 Graduates
Astronomy 9 Graduates
Geophysics and Seismology 6 Graduates
All Other Diplomas 33%

Outcome & Salary

Graduates of the University of Chicago may be able to anticipate excellent annual salaries and even good returns on investment for their educations. Graduates’ early-career salaries average $66,000; the overall average salary for a graduate is $78,000; and their mid-career salary may rise to $126,000.

University of Chicago graduates benefit from a good return on investment (ROI), meaning what they invested in their education is more than paid back by their average annual salaries. A 10-year ROI (projected) is $647,988; a 20-year projected ROI, $1,909,988.

High school graduates who don’t go to college have a 10-year projected income of $387,920 and their 20-year projected income is $775,840.

Graduates Salary
College Grads Early Career Salary $66,000
College Grads Average Salary $78,000
College Grads Mid Career Salary $126,200
Return on Investment (ROI)
10 Year Salary Earnings Potential $780,000
20 Year Salary Earnings Potential $2,042,000
Cost of Education (Net Price) 4 Year $132,012
10 Year Projected ROI $647,988
20 Year Projected ROI $1,909,988
No College Education Salary Comparison
National Average Salary $38,792
10 Year Projected Income $387,920
20 Year Projected Income $775,840

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