Graduate Aid
On July 3, Congress passed the reconciliation bill which contains many changes to federal financial aid programs. The bill eliminated the Federal Grad PLUS loan program in July 2026, instituted new borrowing limits for federal loan programs, and introduced changes to federal loan repayment programs
Based on current information from the U.S. Department of Education, federal loan programs and borrowing rules remain unchanged for the 2025-2026 academic year.
The University Financial Aid Office continues to review the bill’s contents and will provide additional guidance as we learn more from the Department of Education. We are investigating financing options to allow UChicago students to complete their degrees as planned.
Financing your University of Chicago education, complicated as it may seem at first, is a matter of straightforward choices. In Graduate Financial Aid, we focus on counseling graduate students as they navigate these choices in order to best finance their education. We strive to educate both prospective and current graduate students on responsible borrowing and help them make the best decision for their situation given the funds available to them. Our mission is to ensure that UChicago graduate students understand the financial aid process when they are in school and are aware of their responsibilities as loan borrowers when their time at the University has been completed.
The Graduate Financial Aid Office serves the financial aid needs of the following academic divisions:
Crown Family School of Social Work,
Policy and Practice
Graham School of Continuing Liberal and Professional Studies
Harris School of Public Policy