University of Chicago vs University of Michigan-Ann Arbor
University of Chicago is extremely selective with a 4.8% acceptance rate, making it harder to get into than University of Michigan-Ann Arbor (17.9%). Graduates of University of Chicago earn $8,237 more per year at the 10-year mark ($91,885 vs $83,648). For families earning $48k–$75k, University of Chicago is more affordable at $226 net price vs $4,895. Students at University of Chicago graduate with less debt ($15,000 vs $19,500).
Admissions & Outcomes
University of Chicago has a higher yield rate (87.9%), meaning a larger share of admitted students choose to enroll — a strong signal of student preference. University of Chicago has a higher median SAT (1550 vs 1470).
Chicago, IL
Ann Arbor, MI
Net Price by Family Income
Net price is what you actually pay after grants and scholarships — often far less than the sticker price. It varies dramatically by family income. For low-income families ($0–$30k), University of Chicago is more affordable at $-1,264 per year. At higher incomes ($110k+), the gap narrows — $48,524 vs $26,517.
Net price data from College Scorecard. Run each school's net price calculator for a personalized estimate based on your family's finances.
Financial Aid
Institutional grants come directly from the school's endowment and don't need to be repaid. A high institutional grant rate means the school is investing its own funds in affordability. University of Michigan-Ann Arbor enrolls more Pell Grant recipients (18%), indicating stronger support for students from lower-income backgrounds.
Highest-Earning Majors
Median earnings within two years of graduation. Your choice of major often has a bigger impact on lifetime earnings than the school name on your diploma.
University of Chicago
- 1 Computer Science$91,211
- 2 Economics$85,637
- 3 Mathematics$72,022
- 4 Statistics$68,499
- 5 Public Policy Analysis$52,663
University of Michigan-Ann Arbor
- 1 Computer and Information Sciences, General$94,281
- 2 Business Administration, Management and Operations$83,177
- 3 Electrical, Electronics and Communications Engineering$82,123
- 4 Computer Engineering$79,389
- 5 Industrial Engineering$77,235
Most Popular Majors
The most popular majors by number of degrees awarded. This gives you a sense of each school's academic strengths and where students concentrate.
University of Chicago
- 1 Economics
- 2 Mathematics
- 3 Computer Science
- 4 Biology, General
- 5 Political Science and Government
University of Michigan-Ann Arbor
- 1 Computer and Information Sciences, General
- 2 Business Administration, Management and Operations
- 3 Economics
- 4 Research and Experimental Psychology
- 5 Research and Experimental Psychology
Campus & Student Body
Enrollment size, diversity, and retention paint a picture of campus culture. A high retention rate means students are satisfied enough to return after freshman year.
For International Students
Key cost and campus considerations for students coming from outside the US.
University of Chicago
- International students31%
- Tuition (international)$57,642
- Est. total cost/year$77,556
- School typePublic
University of Michigan-Ann Arbor
- International students17%
- Tuition (international)$51,838
- Est. total cost/year$64,300
- School typePublic
What international students should know
- International students pay out-of-state tuition at public universities. Private universities charge the same tuition for all students.
- Most federal financial aid (FAFSA, Pell Grants) is not available to international students. Look for institutional aid and merit scholarships.
- F-1 visa holders can work on-campus during the school year and use CPT/OPT for internships and post-graduation employment.
- Schools with a higher international student percentage typically have stronger support services — dedicated international offices, visa advising, and cultural programs.
- With 31% international enrollment, University of Chicago likely has a well-established international student community.
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Frequently Asked Questions
Is it harder to get into University of Chicago or University of Michigan-Ann Arbor?
University of Chicago is more selective with a 4.8% acceptance rate, compared to 17.9%. Both are competitive schools that receive tens of thousands of applications each year.
Which school has higher earnings: University of Chicago or University of Michigan-Ann Arbor?
University of Chicago graduates earn more at the 10-year mark, with median earnings of $91,885 compared to $83,648. Earnings vary significantly by major — STEM fields typically produce the highest returns at both schools.
Which is cheaper: University of Chicago or University of Michigan-Ann Arbor?
For middle-income families ($48k–$75k), University of Chicago has a lower net price at $226 per year vs $4,895. Net price varies by family income — use each school's net price calculator for a personalized estimate.
What is the graduation rate at University of Chicago vs University of Michigan-Ann Arbor?
University of Chicago has a higher 6-year graduation rate at 95.4%, compared to 93.2%. A high graduation rate signals strong academic support, student engagement, and a campus culture where students thrive.
Which school has more international students: University of Chicago or University of Michigan-Ann Arbor?
University of Chicago has a larger international student population at 31% of enrollment. A higher international student percentage often means stronger support services for visa holders, including dedicated international student offices, OPT/CPT guidance, and cultural programming.
What are the highest-paying majors at University of Chicago and University of Michigan-Ann Arbor?
At University of Chicago, Computer Science graduates earn a median of $91,211 within two years. At University of Michigan-Ann Arbor, the top-earning major is Computer and Information Sciences, General at $94,281. Your choice of major often has a bigger impact on earnings than which school you attend.