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Financial Aid Basics

Most students in our graduate divisions and professional schools finance their studies through a combination of resources: fellowships, scholarships, and assistantships from their graduate division as well as earnings from part-time work and student loans. For more information about divisional assistance, you should visit UChicagoGRAD. However, the financial aid office is here to assist you with your eligibility for loans and/or Federal Work-Study. The key lies in building a financial aid combination that is best suited to your current finances, the requirements of your degree program, and your aspirations and plans for the future. As you weigh your options, Financial Aid is ready to assist you in making financial decisions that correspond wisely with your circumstances and available to answer any questions you may have regarding student loans and Federal Work-Study.

In this section, we have provided some basic information that can help you better understand the resources available through the financial aid office, as well as additional policies regarding graduate financial aid at the University of Chicago.

Eligibility Criteria

As a potential loan borrower, you are required to meet certain eligibility criteria in order to apply for and maintain funds. There are various prerequisites for Federal, non-Federal, and alternative loans. Similarly, Work-Study funding has particular stipulations by which you must abide. Learn more.

Types of Funding

There are a number of funding options available to you. Loans, Work-Study, scholarships, grants, and other funding are accessible ways to help you pay for your education at the University of Chicago. Learn more.

Receiving Your Funds

After applying for aid, your disbursements may vary, depending on the type of loan you receive. Please read this section carefully to understand how you will receive your funds. Learn more.

Adding and Canceling Funds

If you find yourself needing to borrow more funds or cancel your funds, please read and follow the instructions in this section. You can also find instructions for appealing your financial assistance decision. Learn more.

Withdrawing or Leave of Absence

If you’re thinking about taking a leave of absence or withdrawing from the university, there are a number of things you need to know before making such a decision. Please read and follow the instructions in this section very carefully so that you understand both how the process works and what actions you are required to take. Learn more.

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