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University of Chicago

Chicago, IL · Private Nonprofit

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4.8%
Acceptance
1550
SAT
$77,556
Sticker Price
$770
Net Price*
$91,885
Earnings
<1 yrs
Payback
38,631
Applicants

*Net price for families earning $48k–$75k. See all income brackets →

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What is University of Chicago's acceptance rate?

Down 2.5 percentage points since 2018

With a 4.8% acceptance rate, University of Chicago is considered extremely selective. The school has become increasingly competitive over the past five years. Applicants should focus on demonstrating strong academics, meaningful extracurriculars, and authentic personal essays to stand out in the applicant pool.

How many students apply to University of Chicago?

University of Chicago received 38,631 applications in 2023, up 20% since 2018. High application volume means admissions officers spend limited time per application—typically 8-15 minutes. Make every word count in your essays and ensure your application materials are error-free.

Applications
Admitted

How many admitted students enroll?

The yield rate of 88% is exceptionally high for a school of this caliber. Yield rate measures how many admitted students actually enroll—a key indicator of how desirable students find the school. Demonstrating genuine interest through campus visits, attending info sessions, and writing specific "Why Us" essays can improve your chances.

What are the most popular majors at University of Chicago?

Economics leads as the most popular major at University of Chicago. Your intended major can affect admission chances—some programs are more competitive than others. Research department-specific requirements, faculty research, and career outcomes when choosing your major. Consider how your academic interests align with the school's strengths.

How have majors changed over time?

Degrees awarded by major, 2015-2023

How has tuition changed at University of Chicago?

Tuition has increased by 32% since 2015. Total cost of attendance (including fees and room & board) has grown 32% from $58,746 to $77,556.

Tuition Total Cost

How much do University of Chicago graduates earn by major?

Graduates in Computer Science earn among the highest salaries, with median earnings of $91,211 within two years of graduation. Earnings vary significantly by major—STEM and business fields typically offer higher starting salaries, while humanities and arts may have different career trajectories. Consider both passion and practical outcomes when choosing your field of study.

Computer Science $91,211
$12,468 $160,116
Economics $85,637
$12,468 $160,116
Mathematics $72,022
$12,468 $160,116
Statistics $68,499
$12,468 $160,116
Public Policy Analysis $52,663
$12,468 $160,116
Linguistic, Comparative, and R... $52,107
$12,468 $160,116
Sociology $48,432
$12,468 $160,116
Psychology, General $45,128
$12,468 $160,116
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University of Chicago Admissions Statistics (2018-2023)

Each row shows the admissions cycle for that academic year. Applicants is the total number of students who applied for freshman admission. Admitted shows how many received acceptance letters. Rate is the acceptance rate (admitted ÷ applicants) — lower percentages indicate more selective schools. Yield measures the percentage of admitted students who actually enrolled — a high yield (above 50%) suggests the school is a top choice for admitted students, while lower yields indicate students often choose other options. SAT shows the 25th-75th percentile range, meaning the middle 50% of enrolled students scored within this range. Data is sourced from IPEDS, the federal database where all US colleges report annually.

Year Applicants Admitted Rate Yield
2023 38,631 1,849 4.8% 87.9%
2022 37,522 2,039 5.4% 84.8%
2021 37,974 2,460 6.5% 83.5%
2020 34,350 2,510 7.3% 73.6%
2019 34,641 2,137 6.2% 80.8%
2018 32,283 2,345 7.3% 77.0%
2017 27,694 2,419 8.7% 71.8%
2016 31,484 2,499 7.9% 63.7%
2015 30,069 2,521 8.4% 61.0%

Is University of Chicago worth it?

Calculate your personal ROI

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Earnings & ROI Range (10yr)
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What do University of Chicago graduates earn?

Median Earnings (10 years)
$91,885
Earnings Range (10th - 90th percentile)
$16,700 $91,885 median $195,000

Earnings vary widely: the bottom 10% earn $16,700 while the top 10% earn $195,000. Your outcome depends heavily on major, career path, and individual circumstances.

Median Earnings (6 years)
$80,870
Median Debt
$15,000
6-Year Graduation Rate
94.9%

How much does University of Chicago cost?

The total cost of attendance at University of Chicago is approximately $77,556 per year. Remember: sticker price rarely equals actual cost. Most students receive financial aid, and net price varies significantly by family income. Use the school's Net Price Calculator for a personalized estimate before ruling out any option based on cost alone.

Tuition
$57,642
Fees
$2,910
Room & Board
$17,004
Total Cost of Attendance
$77,556

What You'll Actually Pay

Low-income families may pay nothing—or even receive money back for expenses. University of Chicago meets full demonstrated financial need for admitted students. This means your admission decision is need-blind, and the school commits to making attendance affordable. File the FAFSA and CSS Profile early to maximize your aid package.

$0-30k income FREE (+$1,428)
$30-48k income FREE
$48-75k income $770
$75-110k income $12,816
$110k+ income $54,800

Which majors pay the most?

  • Computer Science $91,211
  • Economics $85,637
  • Mathematics $72,022
  • Statistics $68,499
  • Public Policy Analysis $52,663

Who attends University of Chicago?

University of Chicago enrolls 18,339 students, with 31% from outside the United States. Women make up 46% of the student body. Campus diversity enriches the educational experience through varied perspectives and backgrounds. Consider how you'll contribute to and benefit from the campus community when crafting your application.

Total Enrollment 18,339
Retention Rate 99%
International 31%
Women 46%
Race/Ethnicity
White 30%
Asian 16%
Hispanic 11%
Black 5%

How much financial aid is available?

51% of students receive some form of financial aid at University of Chicago. About 14% receive Pell Grants, indicating support for low-income students. Apply for aid regardless of your family's income level—merit scholarships and institutional grants are available to students at various income levels. Never assume you won't qualify.

Receive Grants 51%
Avg: $48,772 free money/year
Pell Grant Recipients 14%
Federal aid for <$60k income families
Have Federal Loans 5%
Low debt burden
School's Own Grants 45%
Avg: $55,101 from school funds

How much do professors earn?

Faculty salaries at University of Chicago are above the national average, reflecting the school's investment in attracting and retaining talented professors. Higher faculty compensation often correlates with stronger research programs, better student mentorship, and more resources for academic departments. Look for opportunities to engage with faculty through research, office hours, and smaller seminars.

This school National avg

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