University of Chicago

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2019 Undergraduate Tuition
$57,642
4% growth from 2018
2019 Average Net Price
$34,719
After Financial Aid
2017 Student Loan
0.621%
Default Rate
2019 Acceptance Rate
6.17%
34,641 Applicants
2019 Enrolled Students
17,452
87.9% Full-Time
2018 Graduation Rate
94.2%
1,436 Graduates

About

University of Chicago is a higher education institution located in Cook County, IL. In 2016, the most popular Bachelor's Degree concentrations at University of Chicago were Econometrics & Quantitative Economics (404 degrees awarded), General Mathematics (185 degrees), and General Public Policy Analysis (141 degrees).

In 2019, 6,185 degrees were awarded across all undergraduate and graduate programs at University of Chicago. 45.5% of these degrees were awarded to women, and 54.5% awarded men. The most common race/ethnicity group of degree recipients was white (2,506 degrees), 2.98 times more than then the next closest race/ethnicity group, asian (842 degrees).

The median undergraduate tuition at University of Chicago is $57,642, which is $29,142 more than the national average for Doctoral Universities ($28,500).

About the photo: Hull Gate, University of Chicago

Costs

The median undergraduate tuition at University of Chicago is $57,642, which is $29,142 more than the national average for Doctoral Universities ($28,500).

After taking grants and loans into account, the average net price for students is $34,719.

In 2019, 57% of undergraduate students received federal grants, while 8% of undergraduate students received federal loans.

Student Expenses

Tuition Costs

$57,642
2019 Undergraduate Tuition

In 2019, the cost of tuition at University of Chicago was $57,642. The cost of tuition at University of Chicago is $29,142 more than than the overall (public and private) national average for Doctoral Universities ($28,500).

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

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Average Net Price

$34,719
2019 Value
5.2%
1 Year Growth

In 2019 University of Chicago had an average net price — the price paid after factoring in grants and loans — of $34,719. Between 2018 and 2019, the average net price of University of Chicago grew by 5.2%.

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.

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Other Student Expenses

$16,350
Room and Board
$1,800
Books and Supplies

The average yearly cost of room and board at University of Chicago was of $16,350 in 2019. During the same period, the average yearly cost of books and supplies was $1,800. The cost of room and board increased by 3.97% between 2018 and 2019. 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.

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Financial Aid

Financial Aid by Income Level

57%
Of Undergraduates Receive Grants
8%
Of Undergraduates Receive Federal Loans

57% of undergraduate students at University of Chicago received grants or loans in 2019. This represents a decline of 6.56% with respect to 2018, when 61% 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.

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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.
0.621%
2017 Default Rate
10
Number of Defaults

In 2017 the default rate for borrower's at University of Chicago was 0.621%, which represents 10 out of the 1610 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.

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Admissions

University of Chicago received 34,641 undergraduate applications in 2019, which represents a 7.3% annual growth. Out of those 34,641 applicants, 2,137 students were accepted for enrollment, representing a 6.17% acceptance rate.

There were 17,452 students enrolled at University of Chicago in 2019, and 54% of first-time enrollees submitted SAT scores with their applications.

University of Chicago has an overall enrollment yield of 80.8%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

6.17%
Acceptance Rate in 2019
2,137
Accepted Out of 34,641

In 2019, the undergraduate acceptance rate of University of Chicago was 6.17% (2,137 admissions from 34,641 applications). This is lower than the acceptance rate of 2018, which was 7.26%. Between 2018 and 2019, the number of applicants grew by 7.3%, while admissions declined by -8.87%.

This chart compares the acceptance rate of University of Chicago (in red) with that of other similar universities.

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SAT Scores

54%
Submission Percentage
925
Scores Submitted

54% of enrolled first-time students at University of Chicago in 2019 submitted SAT scores with their applications.

This chart shows the SAT scores for the 25th and 75th percentile of applicants broken out into each section of the test that their are evaluated on.

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Enrollment

University of Chicago has a total enrollment of 17,452 students. The full-time enrollment at University of Chicago is 15,344 students and the part-time enrollment is 2,108. This means that 87.9% of students enrolled at University of Chicago are enrolled full-time.

The enrolled student population at University of Chicago, both undergraduate and graduate, is 37.7% White, 13.8% Asian, 9.65% Hispanic or Latino, 4.54% Black or African American, 4.06% Two or More Races, 0.109% American Indian or Alaska Native, and 0.0229% Native Hawaiian or Other Pacific Islanders.

Students enrolled at University of Chicago in full-time Undergraduate programs are most commonly White Male (20.2%), followed by White Female (17%) and Asian Female (9.86%). Students enrolled in full-time Graduate programs are most commonly White Male (19.3%), followed by White Female (16.8%) and Asian Male (4.86%).

Full-Time vs Part-Time Enrollment

87.9%
Full-Time Enrollment

The total enrollment at University of Chicago, both undergraduate and graduate, is 17,452 students. The full-time enrollment at University of Chicago is 15,344 and the part-time enrollment is 2,108. This means that 87.9% of students enrolled at University of Chicago are enrolled full-time compared with 77.6% 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.

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Retention Rate over Time

99%
2019 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 (83%), 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.

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity
  1. White
    6,588
  2. Asian
    2,412
  3. Hispanic or Latino
    1,684

The enrolled student population at University of Chicago is 37.7% White, 13.8% Asian, 9.65% Hispanic or Latino, 4.54% Black or African American, 4.06% Two or More Races, 0.109% American Indian or Alaska Native, and 0.0229% 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 50.3% White, 14.3% Hispanic or Latino, and 9.48% 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, 550 students (3.15%) did not report their race.

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Graduates

In 2019, 559 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 (2,506 degrees awarded). There were 2.98 times more white graduates than the next closest race/ethnicity group, asian (842 degrees).

The most common Bachelor's Degree concentration at University of Chicago is Econometrics & Quantitative Economics (404 degrees awarded), followed by General Mathematics (185 degrees) and General Public Policy Analysis (141 degrees).

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 (518 degrees awarded), Public Administration and Social Service (719 degrees), and Philosophy and Religious Studies (100 degrees).

Workforce

Common Jobs by Major

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 (343,128 people), Other managers (311,292 people), Postsecondary teachers (230,137 people), Social workers, all other (216,185 people), and Elementary & middle school teachers (149,212 people).

The most specialized majors at University of Chicago are Math & Statistics (518 degrees awarded), Public Administration and Social Service (719 degrees), Philosophy and Religious Studies (100 degrees), Physical Sciences (282 degrees), and Social Sciences (1,066 degrees).

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Highest Paying Jobs by Major

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at University of Chicago are Securities, commodities, & financial services sales agents, Surgeons, Other financial specialists, Physicians, and Architectural & engineering managers

The most specialized majors at University of Chicago are Math & Statistics (518 degrees awarded), Public Administration and Social Service (719 degrees), Philosophy and Religious Studies (100 degrees), Physical Sciences (282 degrees), and Social Sciences (1,066 degrees).

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Common Industries by Major

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 (454,621 people), Colleges, universities & professional schools, including junior colleges (446,141 people), Legal services (267,146 people), Computer Systems Design (266,213 people), and General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (224,965 people).

The most specialized majors at University of Chicago are Math & Statistics (518 degrees awarded), Public Administration and Social Service (719 degrees), Philosophy and Religious Studies (100 degrees), Physical Sciences (282 degrees), and Social Sciences (1,066 degrees).

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Degrees

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
  1. 404 degree-majorss awarded
  2. 185 degree-majorss awarded
  3. 141 degree-majorss awarded

In 2019, the most common bachelors degree concentration at University of Chicago was Econometrics & Quantitative Economics with 404 degrees awarded.

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

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Gender Breakdown for Common Majors

3,372
Degrees Awarded to Men
in 2019
2,813
Degrees Awarded to Women
in 2019

In 2019, 3,372 degrees were awarded to men at University of Chicago, which is 1.2 times more than the number of degrees awarded to females (2,813).

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

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Most Common Male Majors

In 2019, 828 degrees were awarded to men at University of Chicago in General Business Administration & Management, which is 2.09 times more than the 397 female recipients with that same degree.

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Most Common Female Majors

In 2019, 397 degrees were awarded to women at University of Chicago in General Business Administration & Management, which is 0.479 times less than the 828 male recipients with that same degree.

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Time to Complete

88%
100% Completion Time
93%
150% Completion Time

In 2019, 88% of students graduating from University of Chicago completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 93% completed their degrees within 150% of the normal time, and 93% 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.

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Diversity

Graduation Rate by Race and Gender

Showing demographic groups with ≥ 5 graduating students.
American Indian or Alaska Native Male
Highest Graduation Rate (100%)

The student demographic with the highest graduation rate at University of Chicago is Male and American Indian or Alaska Native (100% graduation rate). Across all Doctoral Universities, Asian Female students have the highest graduation rate (69.1%).

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, 8.43% of graduates (121 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity
  1. White
    2,506 degrees awarded
  2. Asian
    842 degrees awarded
  3. Hispanic or Latino
    488 degrees awarded

The most common race/ethnicity at University of Chicago is white (2,506 degrees awarded). There were 2.98 times more white recipients than the next closest race/ethnicity group, asian (842 degrees).

2.59% of degree recipients (160 students) did not report their race.

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Race & Ethnicity by Gender

Most Common Gender Demographic
  1. White Male
    1,399 degrees awarded
  2. White Female
    1,107 degrees awarded
  3. Asian Female
    439 degrees awarded

The most common race/ethnicity and gender grouping at University of Chicago is white male (1,399 degrees awarded). There were 1.26 times more white male recipients than the next closest race/ethnicity group, white female (1,107 degrees).

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Operations

University of Chicago has an endowment valued at nearly $7.24B, as of the end of the 2019 fiscal year. The return on its endowment was of $465M (6.42%), compared to the 4.24% average return ($13.2M on $311M) across all Doctoral Universities.

In 2019, University of Chicago had a total salary expenditure of $3.92B. University of Chicago employs 604 Professors, 297 Assistant professors, and 238 Associate professors. Most academics at University of Chicago are Male Professors (468), Male Assistant professors(186), and Male Associate professors (148).

The most common positions for non-instructional staff at University of Chicago are: Management, with 1418 employees, Research, with 1166 employees, and Business and Financial Operations with 762 employees.

Finances

Endowment

$7.24B
2019 Endowment
3.36%
growth from 2018

University of Chicago has an endowment valued at about $7.24B, as of the end of the 2019 fiscal year. The endowment of University of Chicago grew 3.36% from the previous year. The value of their endowment was $6.93B 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.

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Government Grants and Contracts

Grants & Contracts
  1. $374M - Federal
  2. $1.26M - State
  3. $1.67M - Local

As of 2019, University of Chicago received $374M in grants and contracts from the federal government, $1.26M from state grants and contracts, and $1.67M from local grants and contracts.

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Expenses

Salary Expenditure

$1.27B
2019 Salaries
4.85%
growth from 2018

In 2019, University of Chicago paid a median of $1.27B in salaries, which represents 32.4% of their overall expenditure ($3.92B) and a 4.85% growth from the previous year. This is compared to a 6.32% growth from 2017 and a 4.73% growth from 2016.

The median for similar Doctoral Universities is 234M (42.4% of overall expenditures).

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Instructional Salaries

$254M
Instructional Salaries
1,460
Number of Employees

In 2019, University of Chicago paid a total of $254M to 1,460 employees working as instructors, which represents 20% of all salaries paid.

This is compared to a median of $71.1M (30.3%) for similar Doctoral Universities.

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Faculty and Staff

Occupations by Share

Professor
Most Common Instructor
604 Employees
Management
Most Common Non-Instructional Employee
1418 Employees

In 2019, the most common positions for instructional staff at University of Chicago were Professor with 604 employees; Assistant professor with 297 employees; and Assistant professor with 238 employees.

In 2019, the most common positions for non-instructional staff at University of Chicago were Management with 1,418 employees; Research with 1,166 employees; and Business and Financial Operations with 762 employees.

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Instructors by Academic Rank and Gender

Most Common Demographic
  1. Male Professor
  2. Male Assistant professor
  3. Male Associate professor

In 2019, the most common demographic for instructional staff at University of Chicago was Male Professor with 468 employees, Male Assistant professor with 186 employees, and Male Associate professor with 148 employees.

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

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