Scholarships, Grants, and Loan Trends at UChicago

-12%

Received Percent Changed

$17,142

Received Amount Changes

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 3,824, which is 58.00 % of all undergraduate students. 693 students which is 11.00% of undergraduate students received federal student loans and the average loan amount is $6,006.

For full-time, first-time beginning students (freshmen), 54.56% of students received grants or scholarships and 10% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table shows the trends of financial aid for all undergraduate students at University of Chicago since 2014.

For that period, the average number of students who received grants aid/scholarships is 3,824, which is 58.00 % of all undergraduate students. 693 students which is 11.00% of undergraduate students received federal student loans and the average loan amount is $6,006.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-153,629 (63%)$31,630639 (11%)$4,2361,459 (25%)$5,907
2015-163,752 (64%)$34,674641 (11%)$4,3511,101 (19%)$6,039
2016-173,790 (63%)$35,417647 (11%)$4,367758 (13%)$6,119
2017-183,836 (61%)$38,615686 (11%)$4,482669 (11%)$6,001
2018-193,790 (57%)$40,615753 (11%)$4,567559 (8%)$5,914
2019-203,746 (54%)$41,552788 (11%)$4,694508 (7%)$5,981
2020-213,832 (54%)$44,556865 (12%)$4,937398 (6%)$6,007
2021-224,208 (55%)$43,934988 (13%)$5,033401 (5%)$5,909
2022-233,836 (51%)$48,7721,099 (14%)$5,351384 (5%)$6,173
Average3,824 (58.00%)$39,974790 (11.67%)$4,669693 (11.00%)$6,006
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

For the last 10 years, on average, 932 (54.56 % of students) received grants or scholarships and its average amount is $44,290. It can cover 63.89% of tuition & fees ($69,324).

In addition, 161 (9.67 % of students) students get helped from the students loans (average amount : $10,528).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15886 (61%)$34,465318 (22%)$5,903
2015-16980 (64%)$39,032128 (8%)$10,964
2016-17929 (58%)$37,883136 (9%)$10,381
2017-18954 (55%)$42,732182 (10%)$8,140
2018-19921 (51%)$43,836183 (10%)$9,735
2019-20897 (52%)$44,947129 (7%)$9,954
2020-21961 (52%)$48,412127 (7%)$13,636
2021-221,070 (52%)$48,422134 (7%)$12,150
2022-23789 (46%)$58,877115 (7%)$13,890
Average932 (54.56%)$44,290161 (9.67%)$10,528
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 220 (12.67 % of students) received Pell (federal) grants and its average amount is $4,839.

In addition, 47 students received State/local government grants/scholarships (2.78 % of students).

Year Federal (Pell) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2014-15152 (11%)$4,220125 (9%)$3,79645 (3%)$4,150883 (61%)$33,107
2015-16179 (12%)$4,731119 (8%)$2,97940 (3%)$4,681980 (64%)$37,615
2016-17165 (10%)$4,473136 (9%)$2,97151 (3%)$4,658929 (58%)$36,398
2017-18198 (11%)$4,517158 (9%)$2,98066 (4%)$4,844951 (55%)$41,096
2018-19205 (11%)$4,616164 (9%)$2,97639 (2%)$4,827921 (51%)$42,074
2019-20229 (13%)$4,937180 (10%)$2,95049 (3%)$5,304894 (52%)$42,948
2020-21258 (14%)$5,251532 (29%)$2,41639 (2%)$5,340956 (52%)$45,686
2021-22301 (15%)$5,204696 (34%)$3,27636 (2%)$5,6611,069 (52%)$44,679
2022-23295 (17%)$5,600287 (17%)$3,99056 (3%)$7,200785 (45%)$55,101
Average220 (12.67%)$4,839266 (14.89%)$3,14847 (2.78%)$5,185930 (54.44%)$42,078
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.

For the last 10 years, on average, 161 (9.67 % of students) get any students loan help and its average loan amount is $161.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-15318 (22%)$5,903312 (22%)$4,85921 (1%)$17,184
2015-16128 (8%)$10,964117 (8%)$5,23632 (2%)$24,711
2016-17136 (9%)$10,381122 (8%)$5,33020 (1%)$38,077
2017-18182 (10%)$8,140175 (10%)$5,19025 (1%)$22,929
2018-19183 (10%)$9,735166 (9%)$5,18836 (2%)$25,566
2019-20129 (7%)$9,954111 (6%)$5,13931 (2%)$23,024
2020-21127 (7%)$13,636106 (6%)$5,26531 (2%)$37,860
2021-22134 (7%)$12,150117 (6%)$5,16031 (2%)$33,044
2022-23115 (7%)$13,89099 (6%)$5,21325 (1%)$43,247
Average161 (9.67%)$10,528147 (9.00%)$5,17628 (1.56%)$29,516

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