University of Chicago

www.uchicago.edu

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2023 Undergraduate Tuition

$63,801

4.29% growth from 2022

2023 Average Net Price

$27,979

After Financial Aid

2020 Default Rate

on Student Loans

2023 Acceptance Rate

4.79%

38,631 Applicants

2023 Enrolled Students

18,339

90% Full-Time

2023 Graduation Rate

94.9%

1,641 Graduates

About

University of Chicago is a higher education institution located in Cook County, IL. In 2023, the most popular Masters Degree concentrations at University of Chicago were Management Science (1,236 degrees awarded), Research Methodology & Quantitative Methods (477 degrees), and Data Analytics, General (251 degrees).

In 2023, 7,680 degrees were awarded across all undergraduate and graduate programs at University of Chicago. 47.6% of these degrees were awarded to women, and 52.4% awarded men. The most common race/ethnicity group of degree recipients was white (2,421 degrees), 2.2 times more than then the next closest race/ethnicity group, asian (1,099 degrees).

The median undergraduate tuition at University of Chicago is $63,801, which is $32,798 more than the national average for Doctoral Universities ($31,004).

In 2020 the default rate for borrower's at University of Chicago was 0%, corresponding to 0 out of the 1,387 total borrowers.

About the photo: Hull Gate, University of Chicago

Photo by Catarina Oberlander

Doctoral Universities: Highest Research Activity Doctoral Universities

Costs

In 2023, the median undergraduate tuition at University of Chicago is $63,801, which is $32,798 more than the national average for Doctoral Universities ($31,004).

After taking grants and loans into account, the average net price for students is $27,979.

In 2023, 51% of undergraduate students attending University of Chicago received financial aid through grants. Comparatively, 5% of undergraduate students received financial aid through loans.

Tuition Costs

$63,801

2023 Undergraduate Tuition

In 2023, the cost of tuition at University of Chicago was $63,801. The cost of tuition at University of Chicago is $32,798 more than than the overall (public and private) national average for Doctoral Universities ($31,004).

This chart compares the tuition costs of University of Chicago (in red) with those of other similar universities.

Average Net Price

$27,979

2023 Value

24.4%

1 Year Growth

In 2023 University of Chicago had an average net price — the price paid after factoring in grants and loans — of $27,979. Between 2022 and 2023, the average net price of University of Chicago grew by 24.4%.

This chart compares the average net price of University of Chicago (in red) with that of other similar universities.

Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

Other Student Expenses

$18,396

Room and Board

$1,800

Books and Supplies

The average yearly cost of room and board at University of Chicago was of $18,396 in 2023. The cost of room and board increased by 4.02% between 2022 and 2023.

During the same period, the average yearly cost of books and supplies was $1,800. The cost of books and supplies did not change during the same period.

This chart compares the average student costs at University of Chicago (in red) with that of similar universities.

Financial Aid by Income Level

51%

Undergraduates Receiving Financial Aid through Grants

Undergraduates Receiving Financial Aid through Loans

51% of undergraduate students at University of Chicago received financial aid through grants or loans in 2023. This represents a decline of 7.27% with respect to 2022, when 55% of undergraduate students received financial aid.

This chart compares the average award discount at University of Chicago (in red) with that of other similar universities.

The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

Student Loan Default Rate

Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.

2020 Default Rate

Number of Defaults

In 2020 the default rate for borrower's at University of Chicago was 0%, which represents 0 out of the 1387 total borrowers.

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

Admissions

University of Chicago received 38,631 undergraduate applications in 2023, which represents a 2.96% annual growth. Out of those 38,631 applicants, 1,849 students were accepted for enrollment, representing a 4.79% acceptance rate.

There were 18,339 students enrolled at University of Chicago in 2023. 46% of first-time enrollees submitted SAT scores with their applications.

University of Chicago has an overall enrollment yield of 87.9%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

4.79%

Acceptance Rate in 2023

1,849

Accepted Out of 38,631

In 2023, the undergraduate acceptance rate of University of Chicago was 4.79% (1,849 admissions from 38,631 applications). This is lower than the acceptance rate of 2022, which was 5.43%. Between 2022 and 2023, the number of applicants grew by 2.96%, while admissions declined by 9.32%.

This chart compares the acceptance rate of University of Chicago (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

SAT Scores

46%

Submission Percentage (2023)

755

Scores Submitted (2023)

46% of enrolled first-time students at University of Chicago in 2023 submitted SAT scores with their applications.

The following chart shows the average SAT scores for the 25th, 50th, and 75th percentile of applicants for each section of the test that they are evaluated on.

Enrollment

University of Chicago had a total enrollment of 18,339 students in 2023. The full-time enrollment at University of Chicago is 16,499 students and the part-time enrollment is 1,840. This means that 90% of students enrolled at University of Chicago are enrolled full-time.

The enrolled student population at University of Chicago, both undergraduate and graduate, is 30.1% White, 15.8% Asian, 11.1% Hispanic or Latino, 5.31% Black or African American, 4.47% Two or More Races, 0.0654% American Indian or Alaska Native, and 0.0164% Native Hawaiian or Other Pacific Islanders.

Students enrolled at University of Chicago in full-time Undergraduate programs are most commonly White Male (18%), followed by White Female (13.2%) and Asian Male (9.84%). Students enrolled in full-time Graduate programs are most commonly White Male (15.6%), followed by White Female (14.1%) and Asian Female (6.06%).

Full-Time vs Part-Time Enrollment

90%

Full-Time Enrollment

The total enrollment at University of Chicago in 2023, both undergraduate and graduate, is 18,339 students. The full-time enrollment at University of Chicago is 16,499 and the part-time enrollment is 1,840. This means that 90% of students enrolled at University of Chicago are enrolled full-time compared with 77.9% at similar Doctoral Universities.

This chart shows the full-time vs part-time enrollment status at University of Chicago (in red) compares to similar universities.

Retention Rate over Time

99%

2023 Retention Rate

Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall. The retention rate for full-time undergraduates at University of Chicago was 99%. Compared with the full-time retention rate at similar Doctoral Universities (84%), University of Chicago had a retention rate higher than its peers.

This chart shows the retention rate over time at University of Chicago (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)

White
5,527 enrolled students
Asian
2,901 enrolled students
Hispanic or Latino
2,036 enrolled students

The enrolled student population at University of Chicago is 30.1% White, 15.8% Asian, 11.1% Hispanic or Latino, 5.31% Black or African American, 4.47% Two or More Races, 0.0654% American Indian or Alaska Native, and 0.0164% Native Hawaiian or Other Pacific Islanders. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Doctoral Universities is 46.5% White, 15.9% Hispanic or Latino, and 9.78% Black or African American.

Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 438 students (2.39%) did not report their race.

Graduates

In 2023, 366 fewer women than men received degrees from University of Chicago. The most common race/ethnicity group of degree recipients at University of Chicago is white (2,421 degrees awarded). There were 2.2 times more white recipients than the next closest race/ethnicity group, asian (1,099 degrees).

The most common Masters Degree concentration at University of Chicago is Management Science (1,236 degrees awarded), followed by Research Methodology & Quantitative Methods (477 degrees) and Data Analytics, General (251 degrees).

In 2023, the most specialized majors across all degree types at University of Chicago, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Math & Statistics (563 degrees awarded), Social Sciences (1,944 degrees), and Physical Sciences (338 degrees).

Common Jobs by Major

Lawyers, & judges, magistrates, & other judicial workers

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at University of Chicago are Lawyers, & judges, magistrates, & other judicial workers (363,626 people), Other managers (321,689 people), Postsecondary teachers (231,579 people), Elementary & middle school teachers (167,133 people), and Software developers (156,781 people).

The most specialized majors at University of Chicago in 2023 are Math & Statistics (563 degrees awarded), Social Sciences (1,944 degrees), Physical Sciences (338 degrees), Language & Linguistics (166 degrees), and Legal (291 degrees) (as of 2023).

Highest Paying Jobs by Major

Surgeons

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at University of Chicago are Surgeons, Cardiovascular technologists and technicians, Nuclear medicine technologists and medical dosimetrists, Physicians, and Securities, commodities, & financial services sales agents

The most specialized majors at University of Chicago are Math & Statistics (563 degrees awarded), Social Sciences (1,944 degrees), Physical Sciences (338 degrees), Language & Linguistics (166 degrees), and Legal (291 degrees) (as of 2023).

Common Industries by Major

Elementary & secondary schools

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at University of Chicago are Elementary & secondary schools (526,234 people), Colleges, universities & professional schools, including junior colleges (468,416 people), Computer Systems Design (291,592 people), Legal services (283,312 people), and General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (250,507 people).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by University of Chicago.

Most Common (2023)

Management Science
1,236 degrees awarded
Research Methodology & Quantitative Methods
477 degrees awarded
Data Analytics, General
251 degrees awarded

In 2023, the most common masters degree concentration at University of Chicago was Management Science with 1,236 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from masters degree programs at University of Chicago according to their major.

Sex Breakdown for Common Majors

4,023

Degrees Awarded to Men

in 2023

3,657

Degrees Awarded to Women

in 2023

In 2023, 4,023 degrees were awarded to men at University of Chicago, which is 1.1 times more than the number of degrees awarded to females (3,657).

This chart displays the sex disparity between the top 5 majors at University of Chicago by degrees awarded.

Most Common Male Majors

In 2023, 787 degrees were awarded to men at University of Chicago in Management Science, which is 1.74 times more than the 452 female recipients with that same degree.

Most Common Female Majors

In 2023, 452 degrees were awarded to men at University of Chicago in Management Science, which is 0.574 times less than the 787 male recipients with that same degree.

Time to Complete

91%

100% Completion Time

96%

150% Completion Time

In 2023, 91% of students graduating from University of Chicago completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 96% completed their degrees within 150% of the normal time, and 96% within 200%.

The following chart shows these completion rates over time compared to the average for the Doctoral Universities Carnegie Classification group.

Graduation rate is defined as the percentage of full-time, first-time students who received a degree or award within a specific percentage of "normal time" to completion for their program.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

Asian Female

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2023 at University of Chicago is Female and Asian (100% graduation rate). Across all Doctoral Universities, Non-resident Alien Male students have the highest graduation rate (65.7%).

The department of education defines graduation rate as the percentage of full-time, first-time students who received a degree or award within 150% of "normal time" to completion.

The National Center for Education Statistics (NCES) categorizes any student who is studying in the United States on a temporary basis as a "Non-Resident Alien", and the graduation rate of those students is shown in the chart below. Additionally, 1.89% of graduates (31 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)

White
2,421 degrees awarded
Asian
1,099 degrees awarded
Hispanic or Latino
648 degrees awarded

The most common race/ethnicity at University of Chicago is white (2,421 degrees awarded). There were 2.2 times more white recipients than the next closest race/ethnicity group, asian (1,099 degrees).

1.47% of degree recipients (113 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2023)

White Male
1,309 degrees awarded
White Female
1,112 degrees awarded
Asian Female
564 degrees awarded

The most common race/ethnicity and sex grouping at University of Chicago is white male (1,309 degrees awarded). There were 1.18 times more white male recipients than the next closest race/ethnicity group, white female (1,112 degrees).

Operations

University of Chicago has an endowment valued at nearly $8.55B, as of the end of the 2023 fiscal year. The return on its endowment was of 246M (2.88%) compared to the 4.37% average return (19M on 434M) across all Doctoral Universities.

In 2023, University of Chicago had a total salary expenditure of 5.08B. University of Chicago employs 628 Professors, 412 Lecturers and 273 Assistant professors. Most academics at University of Chicago are Male Professor (465), Female Lecturer (208), and Male Lecturer (204).

The most common positions for non-instructional staff at University of Chicago are: Management, with 1,560 employees, Research, with 1,478 employees, and Business and Financial Operations with 912 employees.

Endowment

$8.55B

2023 Endowment

0.2%

decline from 2022

University of Chicago has an endowment valued at about $8.55B, as of the end of the 2023 fiscal year. The endowment of University of Chicago declined 0.2% from the previous year. The value of their endowment was $8.12B higher than than the median endowment of Doctoral Universities according to the Carnegie Classification grouping.

This line chart shows how the endowment at University of Chicago (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Doctoral Universities: Highest Research Activity Carnegie Classification grouping.

Government Grants and Contracts

Grants & Contracts

$540M - Federal
$2.36M - State
$21.2M - Local

As of 2023, University of Chicago received $540M in grants and contracts from the federal government, $2.36M from state grants and contracts, and $21.2M from local grants and contracts.

Salary Expenditure

$1.6B

2023 Salaries

7.72%

growth from 2022

In 2023, University of Chicago paid a median of $1.6B in salaries, which represents 31.5% of their overall expenditure ($5.08B) and a 7.72% growth from the previous year. This is compared to a 6.1% growth between 2021 and 2022, and a 2.92% growth between 2020 and 2021.

The median for similar Doctoral Universities is 246M (41.5% of overall expenditures).

Instructional Salaries

$294M

Instructional Salaries

1,660

Number of Employees

In 2023, University of Chicago paid a total of $294M to 1,660 employees working as instructors, which represents 18.3% of all salaries paid.

This is compared to a median of $6.13M (2.35%) for similar Doctoral Universities.

Occupations by Share

Professor

Most Common Instructor

628 Employees

Management

Most Common Non-Instructional Employee

1,560 Employees

In 2023, the most common positions for instructional staff at University of Chicago were Professor with 628 employees, Lecturer with 412 employees, and Assistant professor with 273 employees.

In 2023, the most common positions for non-instructional staff at University of Chicago were Management with 1,560 employees, Research with 1,478 employees, and Business and Financial Operations with 912 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2023)

Male Professor
Female Lecturer
Male Lecturer

In 2023, the most common demographic for instructional staff at University of Chicago was Male Professor with 465 employees, Female Lecturer with 208 employees, and Male Lecturer with 204 employees.

This chart shows the sex split between each academic rank present at University of Chicago.

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