University of Chicago

www.uchicago.edu

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2024 Undergraduate Tuition

$67,446

5.71% growth from 2023

2024 Average Net Price

$28,060

After Financial Aid

2024 Acceptance Rate

4.48%

43,612 Applicants

2024 Enrolled Students

18,566

91.4% Full-Time

2024 Graduation Rate

95.9%

1,733 Graduates

About

University of Chicago is a higher education institution located in Cook County, IL. In 2024, the most popular Masters Degree concentrations at University of Chicago were Management Science (1,252 degrees awarded), Research Methodology & Quantitative Methods (577 degrees), and Data Analytics, General (246 degrees).

In 2024, 7,789 degrees were awarded across all undergraduate and graduate programs at University of Chicago. 47.9% of these degrees were awarded to women, and 52.1% awarded men. The most common race/ethnicity group of degree recipients was white (2,402 degrees), 1.88 times more than then the next closest race/ethnicity group, asian (1,277 degrees).

The median undergraduate tuition at University of Chicago is $67,446, which is $35,526 more than the national average for Doctoral Universities ($31,920).

About the photo: Hull Gate, University of Chicago

Photo by Catarina Oberlander

Doctoral Universities: Highest Research Activity Doctoral Universities

Costs

In 2024, the median undergraduate tuition at University of Chicago is $67,446, which is $35,526 more than the national average for Doctoral Universities ($31,920).

After taking grants and loans into account, the average net price for students is $28,060.

In 2024, 49% of undergraduate students attending University of Chicago received financial aid through grants. Comparatively, 5% of undergraduate students received financial aid through loans.

Tuition Costs

$67,446

2024 Undergraduate Tuition

In 2024, the cost of tuition at University of Chicago was $67,446. The cost of tuition at University of Chicago is $35,526 more than than the overall (public and private) national average for Doctoral Universities ($31,920).

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

Average Net Price

$28,060

2024 Value

0.29%

1 Year Growth

In 2024 University of Chicago had an average net price — the price paid after factoring in grants and loans — of $28,060. Between 2023 and 2024, the average net price of University of Chicago grew by 0.29%.

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

$19,221

Room and Board

$1,800

Books and Supplies

The average yearly cost of room and board at University of Chicago was of $19,221 in 2024. The cost of room and board increased by 4.48% between 2023 and 2024.

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

49%

Undergraduates Receiving Financial Aid through Grants

Undergraduates Receiving Financial Aid through Loans

49% of undergraduate students at University of Chicago received financial aid through grants or loans in 2024. This represents a decline of 3.92% with respect to 2023, when 51% 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.

Admissions

University of Chicago received 43,612 undergraduate applications in 2024, which represents a 12.9% annual growth. Out of those 43,612 applicants, 1,955 students were accepted for enrollment, representing a 4.48% acceptance rate.

There were 18,566 students enrolled at University of Chicago in 2024. 49% of first-time enrollees submitted SAT scores with their applications.

University of Chicago has an overall enrollment yield of 88.3%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

4.48%

Acceptance Rate in 2024

1,955

Accepted Out of 43,612

In 2024, the undergraduate acceptance rate of University of Chicago was 4.48% (1,955 admissions from 43,612 applications). This is lower than the acceptance rate of 2023, which was 4.79%. Between 2023 and 2024, the number of applicants grew by 12.9%, while admissions grew by 5.73%.

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

49%

Submission Percentage (2024)

850

Scores Submitted (2024)

49% of enrolled first-time students at University of Chicago in 2024 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 18,566 students in 2024. The full-time enrollment at University of Chicago is 16,964 students and the part-time enrollment is 1,602. This means that 91.4% of students enrolled at University of Chicago are enrolled full-time.

The enrolled student population at University of Chicago, both undergraduate and graduate, is 28.9% White, 15.7% Asian, 10.8% Hispanic or Latino, 5.43% Black or African American, 4.5% Two or More Races, 0.07% American Indian or Alaska Native, and 0.0108% Native Hawaiian or Other Pacific Islanders.

Students enrolled at University of Chicago in full-time Undergraduate programs are most commonly White Male (17.4%), followed by White Female (12.6%) and Asian Male (10.1%). Students enrolled in full-time Graduate programs are most commonly White Male (15%), followed by White Female (13.1%) and Asian Female (6.16%).

Full-Time vs Part-Time Enrollment

91.4%

Full-Time Enrollment

The total enrollment at University of Chicago in 2024, both undergraduate and graduate, is 18,566 students. The full-time enrollment at University of Chicago is 16,964 and the part-time enrollment is 1,602. This means that 91.4% of students enrolled at University of Chicago are enrolled full-time compared with 77.3% 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%

2024 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 (82%), 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 (2024)

White
5,372 enrolled students
Asian
2,918 enrolled students
Hispanic or Latino
2,009 enrolled students

The enrolled student population at University of Chicago is 28.9% White, 15.7% Asian, 10.8% Hispanic or Latino, 5.43% Black or African American, 4.5% Two or More Races, 0.07% American Indian or Alaska Native, and 0.0108% 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 46.2% White, 16.3% Hispanic or Latino, and 10.4% 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, 453 students (2.44%) did not report their race.

Graduates

In 2024, 323 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 (2,402 degrees awarded). There were 1.88 times more white recipients than the next closest race/ethnicity group, asian (1,277 degrees).

The most common Masters Degree concentration at University of Chicago is Management Science (1,252 degrees awarded), followed by Research Methodology & Quantitative Methods (577 degrees) and Data Analytics, General (246 degrees).

In 2024, 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 Social Sciences (2,074 degrees awarded), Math & Statistics (475 degrees), and Physical Sciences (345 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 (364,296 people), Other managers (339,641 people), Postsecondary teachers (233,826 people), Elementary & middle school teachers (180,539 people), and Software developers (163,513 people).

The most specialized majors at University of Chicago in 2024 are Social Sciences (2,074 degrees awarded), Math & Statistics (475 degrees), Physical Sciences (345 degrees), Cultural & Gender Studies (79 degrees), and Language & Linguistics (135 degrees) (as of 2024).

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, Logisticians, Economists, Securities, commodities, & financial services sales agents, and Magnetic resonance imaging technologists

The most specialized majors at University of Chicago are Social Sciences (2,074 degrees awarded), Math & Statistics (475 degrees), Physical Sciences (345 degrees), Cultural & Gender Studies (79 degrees), and Language & Linguistics (135 degrees) (as of 2024).

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 (494,789 people), Colleges, universities & professional schools, including junior colleges (471,891 people), Computer Systems Design (318,690 people), Legal services (291,684 people), and General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (222,296 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 (2024)

Econometrics & Quantitative Economics
678 degrees awarded
Computer Science
210 degrees awarded
General Mathematics
188 degrees awarded

In 2024, the most common bachelors degree concentration at University of Chicago was Econometrics & Quantitative Economics with 678 degrees awarded.

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

Sex Breakdown for Common Majors

4,056

Degrees Awarded to Men

in 2024

3,733

Degrees Awarded to Women

in 2024

In 2024, 4,056 degrees were awarded to men at University of Chicago, which is 1.09 times more than the number of degrees awarded to females (3,733).

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

Most Common Male Majors

In 2024, 837 degrees were awarded to men at University of Chicago in Management Science, which is 1.99 times more than the 421 female recipients with that same degree.

Most Common Female Majors

In 2024, 421 degrees were awarded to men at University of Chicago in Management Science, which is 0.503 times less than the 837 male recipients with that same degree.

Time to Complete

90%

100% Completion Time

96%

150% Completion Time

In 2024, 90% 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 (98.8%)

The student demographic with the highest graduation rate in 2024 at University of Chicago is Female and Asian (98.8% graduation rate). Across all Doctoral Universities, Asian Female students have the highest graduation rate (75.5%).

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, 2.89% of graduates (50 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2024)

White
2,402 degrees awarded
Asian
1,277 degrees awarded
Hispanic or Latino
742 degrees awarded

The most common race/ethnicity at University of Chicago is white (2,402 degrees awarded). There were 1.88 times more white recipients than the next closest race/ethnicity group, asian (1,277 degrees).

1.99% of degree recipients (155 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2024)

White Male
1,508 degrees awarded
White Male
1,399 degrees awarded
White Male
1,386 degrees awarded

The most common race/ethnicity and sex grouping at University of Chicago is white male (1,508 degrees awarded). There were 1.08 times more white male recipients than the next closest race/ethnicity group, white male (1,399 degrees).

Operations

University of Chicago has an endowment valued at nearly $9.12B, as of the end of the 2024 fiscal year. The return on its endowment was of 663M (7.27%) compared to the 9.4% average return (23.7M on 252M) across all Doctoral Universities.

In 2024, University of Chicago had a total salary expenditure of 5.33B. University of Chicago employs 689 Professors, 418 Lecturers and 291 Assistant professors. Most academics at University of Chicago are Male Professor (512), Female Lecturer (216), and Male Lecturer (202).

The most common positions for non-instructional staff at University of Chicago are: Research, with 1,513 employees, Management, with 1,498 employees, and Business and Financial Operations with 912 employees.

Endowment

$9.12B

2024 Endowment

6.68%

growth from 2023

University of Chicago has an endowment valued at about $9.12B, as of the end of the 2024 fiscal year. The endowment of University of Chicago grew 6.68% from the previous year. The value of their endowment was $8.87B 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

$561M - Federal
$3.19M - State
$26.7M - Local

As of 2024, University of Chicago received $561M in grants and contracts from the federal government, $3.19M from state grants and contracts, and $26.7M from local grants and contracts.

Salary Expenditure

$1.76B

2024 Salaries

9.95%

growth from 2023

In 2024, University of Chicago paid a median of $1.76B in salaries, which represents 33.1% of their overall expenditure ($5.33B) and a 9.95% growth from the previous year. This is compared to a 7.72% growth between 2022 and 2023, and a 6.1% growth between 2021 and 2022.

Instructional Salaries

$325M

Instructional Salaries

1,763

Number of Employees

In 2024, University of Chicago paid a total of $325M to 1,763 employees working as instructors, which represents 18.4% of all salaries paid.

This is compared to a median of $4.1M (2.29%) for similar Doctoral Universities.

Occupations by Share

In 2024, the most common positions for non-instructional staff at University of Chicago were Research with 1,513 employees, Management with 1,498 employees, and Business and Financial Operations with 912 employees.

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