Chicago Booth logo

The University of Chicago Booth School of Business

Skip navigation
University of Chicago Booth School of Business
AboutContactVisitChicago Booth Home

Costs & Financial Aid

The cost of attendance is an estimate of what it will cost a single student to attend school for nine months. Please note that costs vary depending upon your own individual circumstances. A standard cost of attendance is established for all students receiving financial aid. 

2011 - 12 Estimated Cost of Attendance 3 Quarters
(9 months)

Scholastic Residence                               Advanced Residence
Tuition: $48,060 (3 quarters) $24,030 (3 quarters)
Student Life Fee: $852  

Lifetime Credentials Fee:

$45 (First year, one time only, charged in Fall)  
Health Insurance (Basic): $2,466 Basic (advantage $3,750)*  
Books: $2,100  
Rent / Utilities: $13,500 ($1,500 per month)  
Food: $5,400 ($600 per month)  
Personal: $3,000  
Transportation: $1,350  
Total: $76,773 $52,698

*$6,671 basic plus 1 dependent; $10,491 Basic Student includes 2 or more dependents; $8,055 Advantage Student includes 1 dependent;$11,775 Advantage Student includes 2 or more dependents.

Domestic PhD students can borrow a Federal Direct Stafford loan and a Federal Direct GradPlus loan. The Federal Direct Stafford loan maximum amount is $20,500. The tuition grant you receive from the PhD office is part of your financial aid award.  Your loans and tuition grant cannot exceed the cost of attendance.

Financial Assistance

All students who are admitted to the PhD Program are automatically considered for financial assistance consisting of a tuition grant, stipend support, and health insurance (basic plan for a single student only). Financial assistance is granted on the basis of the student’s potential for scholarship and creative research. Students may work at part-time jobs and as teaching and research assistants to supplement their income. Such additional income will not reduce the financial assistance award.

Tuition Grants

Full tuition support is available for five years of full-time study, conditional on satisfactory progress in the program.

Stipends

Students who are offered stipend support with admission to the program will continue to receive stipend support for four years of full-time study, provided they continue to make satisfactory academic progress. In the fifth year, students may apply for fifth-year funding; this is awarded based on their progress in the program.

Research Assistants (RA) and Teaching Assistants (TA)

The PhD Program imposes no work requirements during the first and second years, so that student can devote all their energies to their studies. During the  third and fourth years in the program, students are guaranteed the opportunity to serve as a teaching assistant.

Actions

Apply to Chicago Booth degree programs
Think Tank?

More like Think Battleship
Ideas from Chicago Booth faculty change business, public policy, and the world.

Get the latest
Booth Thinking
  

Fast Fact

Chicago Booth is the first business school to have had six Nobel Prize�winning faculty members: George Stigler, 1982; Merton Miller, 1990; Ronald Coase, 1991; Gary Becker, 1992; Robert Fogel, 1993; and Myron Scholes, 1997.


Last Updated 11/30/11