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Budget Appeal

Financial Aid determines financial assistance based on the standard cost of attendance for a single student in a degree program. Under certain circumstances, you may be able to borrow additional funds if needed. Financial Aid may not be able to make adjustments to accommodate expenses that exceed the standard allowances by more than 15%. In order to be considered for an appeal, an expense must be incurred within your enrollment period and you’ll need to fill out the form for the appropriate year. Please allow 4 to 6 weeks processing for additional loan requests.

Summer 2019 - Spring 2020: Student Budget Appeal form

Before examining the following tips for the Budget Appeal Process, please be aware of the expenses not covered by the cost of attendance that are listed below: 

  • Credit card bills and other consumer debt
  • Car purchases and payments
  • Moving expenses
  • Job search expenses
  • Expenses covered by insurance (e.g., medical)
  • Elective expenses (e.g., elective cosmetic surgery)

Helpful tips on how to proceed with the Budget Appeal Process

  • If you’re a single parent or a married parent whose spouse works at least part-time, we can add reasonable daycare expenses for pre-kindergarten aged children to your cost of attendance.
  • As a one-time allowable adjustment to your cost of attendance, we will consider a reasonable purchase price that does not exceed $1,500, A good example is a computer and printer. You must present an itemized receipt to Financial Aid documenting the purchase. We can only cover purchases during your enrollment period or, if you're a new student, within 30 days of the start of your enrollment period.
  • Federal regulations specifically prohibit schools from including the cost of a car in the cost of attendance. If you absolutely need a car, there exist some loans that aren’t based on financial need. You may be able to look at these types of funds to cover such expenses.
  • We cannot add your consumer debt to your cost of attendance and therefore recommend that you repay your consumer debt before you come to the University of Chicago. If this isn’t a financial option for you, you will need to adjust your living expense to accommodate these payments.
  • We cannot add the cost of moving expenses to your cost of attendance. However, if you need help, you may be able to borrow additional funds to cover such extra expenses. Please remember that you can only receive additional funds as long as your total financial assistance does not exceed the cost of attendance listed on your award letter.
  • If your rent exceeds the $1,300 allowance, we recommend that you consider other living arrangements to reduce costs or adjust your other expenses in order to accommodate for the increased expense. Our office may be able to help you adjust the rent allowance portion of your budget, but only slightly.

If you have other questions, please contact us.

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