University of Chicago is highly acclaimed for its extremely rigorous academic coursework and highly qualified instructors, who bring together scholars from all across the globe. But with its high privilege in learning comes a huge amount of monetary investment. The University of Chicago levies a fee of $69,324 for the 2024-2025 school year, more than the national average fee of the United States.
Breakdown of 2024-2025 expenditures
- Tuition and fees: $69,324 for the 2024-2025 academic year.
- Student life fee: Not a specific fee but generally pays for student services and activities.
Living expenses
Living in Chicago is highly costly, and the expense is based on whether students reside on-campus, off-campus, or commute.
- On-campus living: The total cost of living on-campus is approximately $93,633, including tuition, fees, room, and board.
- Off-campus living: For students living off-campus, the total comes to approximately $91,026, including living maintenance allowance and housing.
- Commuter students: Commuter students are more affordable at approximately $81,504 as they don’t need to incur room and board charges.
Other expenses
- Books and supplies: Approximately $1,800 annually.
- Personal expenses: This involves discretionary expenditure such as entertainment, clothing, and travel, amounting to approximately $1,950.
- Travel allowance: Will vary based on where the student resides but will typically be around $450.
Chicago living costs
Chicago is quite an expensive city in America with gigantic housing, food, and transport costs.
- Housing and utilities: Roughly $1,579 a month for off-campus housing4.
- Food: Roughly $700 a month.
- Transport: Roughly $205 a month.
- Other expenses: Health insurance, leisure, and other miscellaneous personal costs.
Financial aid and scholarships
The University of Chicago also provides varied packages of financial aid that reduce the cost of education. Net price for students who receive need-based aid can be significantly lower, at around $24,294. Low-income students may even be paying only $958 per year.
It might also interest readers to know, How much does it cost to study at Harvard University in 2025? In the footsteps of the University of Chicago in 2025 are gargantuan costs of money, with total fees between $81,504 for commuting students and $93,633 for resident students. The university’s strong financial aid packages can, however, deflate these costs for worthy students. Potential students should factor these costs and pursue potential financial aid options in a bid to make learning dreams more accessible.
Read more: What is the difference between bitcoin, ethereum and XPR? What’s the difference between cryptocurrencies
Read more: How much does a electrical power-line installer earn on average in the United States in 2025 and what is the salary with allowances?
