Student Budget

Student Budget

As you consider financing your medical education, below you will find the Pritzker School of Medicine 2017-2018 standard student budget. This budget is a good benchmark for calculating the cost of medical education. It is also used by the financial office when calculating aid. If an individual is receiving financial assistance, that assistance cannot exceed the estimated costs provided below.

Remember, the actual charge for tuition and fees is subject to change without notice. To project expenses for all four years of medical school, you will want to use an approximate 3%-5% increase per year in tuition and other categories.

Complete Budgets by Year

MS1 2017 -2018 Cost of Attendance

MS1

10 ½ Month Budget

Tuition

$         53,286.00

Student Life Fee

$           1,173.00

Med-Equip

$              515.00

Lab Fee

$              150.00

Universal Transcript Fee*

$                60.00

Disability Insurance

$              315.00

Health Insurance

$           4,290.00

Loans Fees

$              312.00

Direct Expenses

$        60,101.00

 

 

Personal Expenses

$          3,413.00

Room & Board

$        16,800.00

Transportation

$          2,226.00

Books & Supplies

$          1,200.00

Indirect Expenses

$        23,639.00

   

Total Budget

$        83,740.00

*Universal Transcript Fee is a one-time fee assessment. The Universal Transcript Fee is automatically waived for entering medical students who paid this fee during previous studies at the University of Chicago. 

MS1 2016 -2017 Cost of Attendance

M1

10 ½ Month Budget

Tuition

$         51,237.00

Student Life Fee

$           1,143.00

Med-Equip

$              700.00

Universal Transcript Fee*

$                63.00

Disability Insurance

$              345.00

Health Insurance

$           4,276.00

Loans Fees

$              312.00

Direct Expenses

$         58,076.00

 

 

Personal Expenses

$          3,413.00

Room & Board

$        16,800.00

Transportation

$          2,226.00

Books & Supplies

$          1,200.00

Indirect Expenses

$        23,639.00

   

Total Budget

$        81,715.00

*Universal Transcript Fee is a one-time fee assessment. The Universal Transcript Fee is automatically waived for entering medical students who paid this fee during previous studies at the University of Chicago. 

Budget Increases

  • Computer Budget Increase - Pritzker students may request a one-time budget increase for the purchase of a computer or laptop during their program of study. The budget increase will be equal to the purchase total or $2,000, whichever is less. Funds offered to cover the budget increase will be in the form of an Unsubsidized Stafford Direct Loan, a Grad PLUS Direct Loan, or a Pritzker Loan.

                  2016-2017 Computer Budget Request Form

                  2017-2018 Computer Budget Request Form

  • Dependent Care Allowance Budget Increase - Students who have dependents other than a spouse, such as young children, may be eligible for supplemental loan assistance to help offset the costs for dependent care. Allowable costs include day care expenses, child care services, etc. The additional financial need will be met first with Unsubsidized Stafford Direct Loans, then with Graduate PLUS loans. You will be asked to provide proof of the expenses in the form of a cancelled check, day care provider contract, or a written statement from the provider.

                 2016-2017 Dependent Care Budget Request Form

                 2017-2018 Dependent Care Budget Request Form

  • Residency Travel Budget Increase - Fourth year medical students have included in their budget some additional personal/other allowance to accommodate travel and other expenses for the residency application process. If your residency interviewing expenses exceed this allowance, you may request a one-time budget increase to cover expenses. Documentation of all costs is required along with a copy of your ERAS application and verification of schedule interview(s) from the respective programs. 

                 2017-2018 Residency Travel Budget Increase Request Form