University of Chicago
4 Year Degrees
Main Campus
Great Lakes Region
http://www.uchicago.edu/
Average Annual Tuition at University of Chicago
The latest data we have for University of Chicago's annual average net costs are from 2021. These costs and and the average Illinois schools include tuition, fees, living expenses, books, and fees minus the average grants and scholarships for federal financial aid recipients.
| In-state Tuition | Out-of-state Tuition | Median Debt | Avgerate Net Cost | |
|---|---|---|---|---|
| University of Chicago | $64,260 | $64,260 | $15,000 | $28,517 |
| IL Average | $29,794 | $29,794 | $23,477 | $21,972 |
As you can see, annual costs at University of Chicago have risen over the last few years, and are projected to continue to skyrocket based on our analysis.
Actual Costs Projected Costs
Colleges and universities across the United States experienced cost (tuition + living) increases of 2.5% in 2019. This most recent inflation figure was down slightly from the 2.9 percent in 2018 and 3.4 percent in 2017, but still underscores the rising costs of sending your children to higher education.
These rising costs are hitting closer to home in Illinois as well. Illinois's' higher education costs rose by 28.2% in just the last 10 years, ranking as the 35th highest state.
University of Chicago Financial Assistance
5% of students enrolled at University of Chicago receive some form of Federal loan assistance. You can view University of Chicago's student aid calculator here.
Use a 529 Plan to Offset Rising Education Costs
One of the most sound investments you can make to help pay for your child's higher education is by using a 529 plan. These funds grow in a tax-free environment, and generally have a 3-5% rate of return. The only catch is that all funds need to be used for higher education, and if not... there are monetary penalties imposed when withdrawn for other uses.
Illinois has two 529 college savings plans, as well as a prepaid tuition program. The direct-sold Bright Start College Savings Program and the Bright Directions Advisor-Guided 529 College Savings Program are managed by Union Bank & Trust. In November 2017 the Bright Start Advisor program was folded into Bright Directions. CollegeIlinois!, the state’s prepaid tuition program, is available only to Illinois residents.
| State Plan Name: | Bright Start College Savings Program |
|---|---|
| Minimum Contribution: | $0 |
| Maximum Contribution: | up to $450,000 per designated beneficiary; the balance continues to accrue earnings |
| Fees: | No maintenance fees, but the investment portfolio you choose will charge a fee against your investment of either 0.10% or 0.38%, depending on the fund. |
Illinois School Statistics
We've analyzed all other higher education schools in IL, and wrapped it up nicely into a report for you. View our IL analysis report.
There are 99 other accredited private schools located in the state of Illinois. You can view all IL schools here.