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
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.
|School Type||Private not-for-profit|
|Campus Setting||City: Large|
|Student Faculty Ratio||5:1|
Top Rankings For University of Chicago
#9 in MBA Colleges
#9 in Business Colleges
#9 in Business Admin Colleges
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|High School GPA||Considered But Not Required|
|High School Rank||Considered But Not Required|
|High School Transcripts||Required|
|College Prep Courses||Required|
|SAT/ACT||Considered But Not Required|
|TOEFL (Test of English as a Foreign Language)||Required|
|Application Deadline||November 1|
|Common Application Accepted||Yes|
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|
|Average Total Aid||$42,732|
|Students Receiving Financial Aid||61%|
|Room & Board||$17,004|
- 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
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|
|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|
|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|
|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 $379,600 and their 20-year projected income is $759,200.
|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 Colleage Education Salary Comparison|
|National Average Salary||$37,960|
|10 Year Projected Income||$379,600|
|20 Year Projected Income||$759,200|
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