PhD Program

International Applicants
Financial Aid
Admissions Events

Financial Aid

All qualified students who are admitted to the PhD Program are awarded financial assistance consisting of a tuition grant, stipend support, health insurance (basic plan for a single student only), and a computer or computer subsidy.

Tuition Grants

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


Stipend support is available for five years of full-time study, conditional on satisfactory academic progress. For students who entered the program in Autumn 2019, the stipend is $42,500 per year.

Research Assistants (RA) And Teaching Assistants (TA)

The PhD Program imposes no work requirements during the first and second years, so that students 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.  Students may also work as research assistants during the program to gain additional research experience.

Research and Travel Support

All students may request funding for research and travel on an annual basis.

External Fellowship Support

Current Booth PhD students have received external funding from the NSF Graduate Research Fellowship Program and from the UniCredit Foundation's US PhD Scholarship.

Cost of Attendance

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. Booth's financial package (stipend, tuition, and health insurance) more than covers the cost of attendance (even when the cost of attendance is extended to 12 months).

2019-20 Estimated Cost of Attendance for Three Quarters
(Nine Months)

  Years 1-4 Year 5+
Tuition: $64,800 (3 quarters) $32,400 (3 quarters)
Student Services Fee: $1,248 (3 quarters) $1,248 (3 quarters) 
Lifetime Credentials Fee: $75 (First year, one time only, charged in Fall)   N/A
Health Insurance: $4,566
Books: $684 N/A
Room / Board: $22,185 ($2,465 per month)   $22,185 ($2,465 per month)  
Personal: $2,286 $2,286
Transportation: $1,944 $1,944
Total: $97,788 $64,629