University of Chicago
Chicago, IL5801 S Ellis Ave, Chicago, IL 60637
773-702-1234
Founded in 1890, the University of Chicago is a private research university located in Chicago, Illinois. The university is composed of the College of the University of Chicago, various graduate programs and interdisciplinary committees organized into four divisions, six professional schools, and a school of Continuing Education. The university also holds an agreement with the Marine Biological Laboratory in Woods Hole, Massachusetts, and operates the National Opinion Research Center, the University of Chicago Press, the University of Chicago Medicine, and the University of Chicago Booth School of Business. The university is home to numerous renowned scholars in a variety of fields, including Nobel laureates, Fields Medalists, MacArthur Fellows, and Pulitzer Prize winners. As of 2019, the university has produced more Nobel laureates in economics than any other institution in the world.
The University of Chicago has an urban campus that spans over 217 acres. The main campus is located in the Hyde Park neighborhood of Chicago, with the medical center, business school, and athletics facilities located in the nearby neighborhoods of Kenwood, Woodlawn, and South Shore. The university also operates several satellite campuses in London, Paris, Beijing, and Hong Kong.
The University of Chicago is a highly selective institution, admitting only 6.4% of applicants for the class of 2023. The university is ranked 3rd in the nation by U.S. News & World Report and 4th by Times Higher Education.
The University of Chicago was founded in 1890 by the American Baptist Education Society and the Chicago Theological Seminary with a donation from oil magnate John D. Rockefeller. The university was originally intended to serve as a nondenominational institution of higher learning. The first president of the university, William Rainey Harper, oversaw the construction of the university's first buildings and recruited renowned scholars to the faculty.
The University of Chicago has long been associated with academic excellence and groundbreaking research. The university was the site of the first self-sustained nuclear chain reaction and the home of the first program in the United States to offer a Ph.D. in anthropology. The university's faculty has included such luminaries as Nobel laureates Enrico Fermi, James D. Watson, and Saul Bellow, Fields Medalists Terence Tao and Subhash Khot, and Pulitzer Prize winners Saul Bellow, Gwendolyn Brooks, and Toni Morrison.
The University of Chicago is also well-known for its commitment to free speech and open inquiry. The university has a long history of hosting controversial speakers and supporting academic freedom. In the 1930s, the university became a refuge for scholars fleeing Nazi Germany. In the 1960s, the university was a center of the free speech movement. Today, the university continues to be a leader in promoting open dialogue and academic freedom.
The University of Chicago is a private research university with an endowment of over $8 billion. The university's annual budget is over $2 billion. The university employs over 6,000 faculty members and over 24,000 staff members. The university has over 15,000 undergraduate students and over 10,000 graduate students.
Quick Facts
Enrollment: 17834
Acceptance Rate: 7.31%
Type: Private not-for-profit, 4-year or above
Main Website: https://www.uchicago.edu/
Financial Aid: https://financialaid.uchicago.edu/
Annual Costs
Total Cost In-State On-Campus: $80277
Total Cost Out-State On-Campus: $80277
Return on Investment Rating
The estimated cost for four years as an undergraduate at University of Chicago is $282673.11. This includes the average cost of attendance for four years plus the interest on the average loan over a ten year repayment minus the average of grants and scholarships per student.
We then contrast this figure with average early-career and mid-career average incomes of graduates of four year programs at University of Chicago. For graduates of University of Chicago, we saw an average early-career income of $70700.00 and mid-career income of $131700.00. We then ranked the school's value based on how many years of mid-career income it takes to repay the educational costs.