University of Chicago

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2020 Undergraduate Tuition
$57,642
0% growth from 2019
2020 Average Net Price
$36,584
After Financial Aid
2018 Student Loan
1.02%
Default Rate
2020 Acceptance Rate
7.31%
34,350 Applicants
2020 Enrolled Students
17,834
87.5% Full-Time
2020 Graduation Rate
96%
1,386 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 (423 degrees awarded), General Mathematics (159 degrees), and General Biological Sciences (147 degrees).

In 2020, 6,323 degrees were awarded across all undergraduate and graduate programs at University of Chicago. 46.9% of these degrees were awarded to women, and 53.1% awarded men. The most common race/ethnicity group of degree recipients was white (2,492 degrees), 2.91 times more than then the next closest race/ethnicity group, asian (856 degrees).

The median undergraduate tuition at University of Chicago is $57,642, which is $29,013 more than the national average for Doctoral Universities ($28,629).

About the photo: Hull Gate, University of Chicago

Costs

The median undergraduate tuition at University of Chicago is $57,642, which is $29,013 more than the national average for Doctoral Universities ($28,629).

After taking grants and loans into account, the average net price for students is $36,584.

In 2020, 54% of undergraduate students attending University of Chicago received financial aid through grants. Comparatively, 7% of undergraduate students received financial aid through loans.

Student Expenses

Tuition Costs

$57,642
2020 Undergraduate Tuition

In 2020, the cost of tuition at University of Chicago was $57,642. The cost of tuition at University of Chicago is $29,013 more than than the overall (public and private) national average for Doctoral Universities ($28,629).

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

$36,584
2020 Value
5.37%
1 Year Growth

In 2020 University of Chicago had an average net price — the price paid after factoring in grants and loans — of $36,584. Between 2019 and 2020, the average net price of University of Chicago grew by 5.37%.

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

$17,004
Room and Board
$1,800
Books and Supplies

The average yearly cost of room and board at University of Chicago was of $17,004 in 2020. During the same period, the average yearly cost of books and supplies was $1,800. The cost of room and board increased by 4% between 2019 and 2020. 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

54%
Undergraduates Receiving Financial Aid through Grants
7%
Undergraduates Receiving Financial Aid through Loans

54% of undergraduate students at University of Chicago received financial aid through grants or loans in 2020. This represents a decline of 5.26% with respect to 2019, when 57% 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.
1.02%
2018 Default Rate
16
Number of Defaults

In 2018 the default rate for borrower's at University of Chicago was 1.02%, which represents 16 out of the 1561 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 34,350 undergraduate applications in 2020, which represents a 0.84% annual decline. Out of those 34,350 applicants, 2,510 students were accepted for enrollment, representing a 7.31% acceptance rate.

There were 17,834 students enrolled at University of Chicago in 2020, and 41% of first-time enrollees submitted SAT scores with their applications.

University of Chicago has an overall enrollment yield of 73.6%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

7.31%
Acceptance Rate in 2020
2,510
Accepted Out of 34,350

In 2020, the undergraduate acceptance rate of University of Chicago was 7.31% (2,510 admissions from 34,350 applications). This is higher than the acceptance rate of 2019, which was 6.17%. Between 2019 and 2020, the number of applicants declined by −0.84%, while admissions grew by 17.5%.

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

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SAT Scores

41%
Submission Percentage
758
Scores Submitted

41% of enrolled first-time students at University of Chicago in 2020 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 17,834 students. The full-time enrollment at University of Chicago is 15,610 students and the part-time enrollment is 2,224. This means that 87.5% of students enrolled at University of Chicago are enrolled full-time.

The enrolled student population at University of Chicago, both undergraduate and graduate, is 36.9% White, 14.9% Asian, 9.94% Hispanic or Latino, 4.7% Black or African American, 4.28% Two or More Races, 0.0617% American Indian or Alaska Native, and 0.0224% Native Hawaiian or Other Pacific Islanders.

Students enrolled at University of Chicago in full-time Undergraduate programs are most commonly White Male (19.5%), followed by White Female (16.1%) and Asian Female (10.4%). Students enrolled in full-time Graduate programs are most commonly White Male (19.3%), followed by White Female (16.2%) and Asian Female (5.22%).

Full-Time vs Part-Time Enrollment

87.5%
Full-Time Enrollment

The total enrollment at University of Chicago, both undergraduate and graduate, is 17,834 students. The full-time enrollment at University of Chicago is 15,610 and the part-time enrollment is 2,224. This means that 87.5% of students enrolled at University of Chicago are enrolled full-time compared with 76.4% 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

100%
2020 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 100%. Compared with the full-time retention rate at similar Doctoral Universities (84.5%), 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
    6,577
  2. Asian
    2,650
  3. Hispanic or Latino
    1,773

The enrolled student population at University of Chicago is 36.9% White, 14.9% Asian, 9.94% Hispanic or Latino, 4.7% Black or African American, 4.28% Two or More Races, 0.0617% American Indian or Alaska Native, and 0.0224% 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 49.8% White, 15.1% Hispanic or Latino, and 9.74% 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, 469 students (2.63%) did not report their race.

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Graduates

In 2020, 391 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 (2,492 degrees awarded). There were 2.91 times more white graduates than the next closest race/ethnicity group, asian (856 degrees).

The most common Bachelor's Degree concentration at University of Chicago is Econometrics & Quantitative Economics (423 degrees awarded), followed by General Mathematics (159 degrees) and General Biological Sciences (147 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 (590 degrees awarded), Public Administration and Social Service (721 degrees), and Social Sciences (1,133 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 (341,300 people), Other managers (295,388 people), Postsecondary teachers (227,378 people), Social workers, all other (192,345 people), and Elementary & middle school teachers (190,183 people).

The most specialized majors at University of Chicago are Math & Statistics (590 degrees awarded), Public Administration and Social Service (721 degrees), Social Sciences (1,133 degrees), Physical Sciences (280 degrees), and Philosophy and Religious Studies (79 degrees).

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Highest Paying Jobs by Major

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, Securities, commodities, & financial services sales agents, Physicians, Aerospace engineers, and Aircraft pilots & flight engineers

The most specialized majors at University of Chicago are Math & Statistics (590 degrees awarded), Public Administration and Social Service (721 degrees), Social Sciences (1,133 degrees), Physical Sciences (280 degrees), and Philosophy and Religious Studies (79 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 (450,872 people), Colleges, universities & professional schools, including junior colleges (439,471 people), Legal services (270,605 people), Computer Systems Design (247,848 people), and General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (237,882 people).

The most specialized majors at University of Chicago are Math & Statistics (590 degrees awarded), Public Administration and Social Service (721 degrees), Social Sciences (1,133 degrees), Physical Sciences (280 degrees), and Philosophy and Religious Studies (79 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. 423 degree-majorss awarded
  2. 159 degree-majorss awarded
  3. 147 degree-majorss awarded

In 2020, the most common bachelors degree concentration at University of Chicago was Econometrics & Quantitative Economics with 423 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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Sex Breakdown for Common Majors

3,357
Degrees Awarded to Men
in 2020
2,966
Degrees Awarded to Women
in 2020

In 2020, 3,357 degrees were awarded to men at University of Chicago, which is 1.13 times more than the number of degrees awarded to females (2,966).

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

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Most Common Male Majors

In 2020, 646 degrees were awarded to men at University of Chicago in Management Science, which is 1.91 times more than the 339 female recipients with that same degree.

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Most Common Female Majors

In 2020, 339 degrees were awarded to women at University of Chicago in Management Science, which is 0.525 times less than the 646 male recipients with that same degree.

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Time to Complete

89%
100% Completion Time
94%
150% Completion Time

In 2020, 89% of students graduating from University of Chicago completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 94% completed their degrees within 150% of the normal time, and 95% 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 Sex

Showing demographic groups with ≥ 5 graduating students.
Black or African American Male
Highest Graduation Rate (100%)

The student demographic with the highest graduation rate at University of Chicago is Male and Black or African American (100% graduation rate). Across all Doctoral Universities, Asian Female students have the highest graduation rate (72.4%).

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, 2.74% of graduates (38 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity
  1. White
    2,492 degrees awarded
  2. Asian
    856 degrees awarded
  3. Hispanic or Latino
    501 degrees awarded

The most common race/ethnicity at University of Chicago is white (2,492 degrees awarded). There were 2.91 times more white recipients than the next closest race/ethnicity group, asian (856 degrees).

2.07% of degree recipients (131 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic
  1. White Male
    1,339 degrees awarded
  2. White Female
    1,153 degrees awarded
  3. Asian Female
    452 degrees awarded

The most common race/ethnicity and sex grouping at University of Chicago is white male (1,339 degrees awarded). There were 1.16 times more white male recipients than the next closest race/ethnicity group, white female (1,153 degrees).

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Operations

University of Chicago has an endowment valued at nearly $7.2B, as of the end of the 2020 fiscal year. The return on its endowment was of $202M (2.8%), compared to the 3.48% average return ($10.5M on $302M) across all Doctoral Universities.

In 2020, University of Chicago had a total salary expenditure of $4.07B. University of Chicago employs 600 Professors, 267 Assistant professors, and 249 Associate professors. Most academics at University of Chicago are Male Professors (463), Male Assistant professors(163), and Male Associate professors (149).

The most common positions for non-instructional staff at University of Chicago are: Management, with 1400 employees, Research, with 1254 employees, and Business and Financial Operations with 763 employees.

Finances

Endowment

$7.2B
2020 Endowment
0.622%
decline from 2019

University of Chicago has an endowment valued at about $7.2B, as of the end of the 2020 fiscal year. The endowment of University of Chicago declined 0.622% from the previous year. The value of their endowment was $6.9B 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. $398M - Federal
  2. $3.99M - State
  3. $22.2M - Local

As of 2020, University of Chicago received $398M in grants and contracts from the federal government, $3.99M from state grants and contracts, and $22.2M from local grants and contracts.

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Expenses

Salary Expenditure

$1.36B
2020 Salaries
7.44%
growth from 2019

In 2020, University of Chicago paid a median of $1.36B in salaries, which represents 33.5% of their overall expenditure ($4.07B) and a 7.44% growth from the previous year. This is compared to a 4.85% growth from 2018 and a 6.32% growth from 2017.

The median for similar Doctoral Universities is 238M (43% of overall expenditures).

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Instructional Salaries

$249M
Instructional Salaries
1,443
Number of Employees

In 2020, University of Chicago paid a total of $249M to 1,443 employees working as instructors, which represents 18.3% of all salaries paid.

This is compared to a median of $69.9M (29.4%) for similar Doctoral Universities.

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Faculty and Staff

Occupations by Share

Professor
Most Common Instructor
600 Employees
Management
Most Common Non-Instructional Employee
1400 Employees

In 2020, the most common positions for instructional staff at University of Chicago were Professor with 600 employees; Assistant professor with 267 employees; and Assistant professor with 249 employees.

In 2020, the most common positions for non-instructional staff at University of Chicago were Management with 1,400 employees; Research with 1,254 employees; and Business and Financial Operations with 763 employees.

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Instructors by Academic Rank and Sex

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

In 2020, the most common demographic for instructional staff at University of Chicago was Male Professor with 463 employees, Male Assistant professor with 163 employees, and Male Associate professor with 149 employees.

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

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