Undergraduate Aid

The University of Chicago welcomes the brightest minds and boldest thinkers of tomorrow, regardless of their financial background. We believe that no cost should prevent a student from joining our community!

Our Financial Aid counselors are available year-round to work with you and your family in order to create a comprehensive aid package that fits your family's unique circumstances and makes a world-class University of Chicago education affordable. We follow federal, state, and university policies to allow our students to achieve and exceed their educational goals.

We encourage you to use this website as a resource for questions about how to apply for aid, how aid can be used to study abroad or move off campus, and how to update your information if your family’s financial situation changes.

Mailing Address

The mailing address for the Office of Financial Aid is: 

Office of Financial Aid 1101 E. 58th Street Chicago, IL 60637

Third-Party Scholarship Notice: To avoid any delays in processing, all third-party scholarship checks should be sent directly to the Office of the Bursar. 



Average need-based scholarship and grant assistance for undergraduate students


19% of undergraduate students eligible for Odyssey Scholarship, with an average scholarship and grant package of $77,525
100% Need

100% Need

In 2022-23, about half of University of Chicago College students received need-based aid, and 100% of their demonstrated need was met
$184 million

$184 million

Total financial aid budget over $184 million

Free College/Tuition

Beginning with the Class of 2023, the UChicago Empower initiative increased access to Chicago in a variety of ways. In addition to admissions policy enhancements, UChicago guarantees free tuition for families with incomes under $125,000* per year (with (typical assets). Families earning less than $60,000* per year (with typical assets) will have tuition, fees, and standard room and meals covered by financial aid.

Students are evaluated for these financial aid guarantees during their first year only.

For more information about the Chicago Empower initiative, click here.

*These income figures are minimum funding levels for the guarantees. Families with income that does not fall within these ranges may still be eligible for need-based financial aid.

UChicago: No Barriers

The University of Chicago is deeply committed to ensuring that students from every background, regardless of financial need, can find a home here. Our No Barriers policy allows Chicago students to graduate debt-free and prepared for lifelong success -no matter their chosen major or background prior to enrolling in college. We will work with you and your family to create a financial aid package that fits our unique circumstances and ensures that a UChicago education is within your reach. Click here to view our No Barriers brochure.