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.

Tuition and fees are set on an annual basis. Tuition generally increases at approximately 3% - 4% annually. The cost of attendance for MS1 students for FY18 has been confirmed and is listed below. Cost of attendance in FY17 for all years is included as well.

2017-18 MS1 Cost of Attendance

MS1 10.5-Month Budget  
Tuition 53,286
Student Life Fee 1,164
Med Equipment 515
Lab Fee 150
Universal Transcript Fee* 75
Disability Insurance 315
Health Insurance 4,305
Loan Fees 312
Direct Expenses 60,122
Personal Expenses 3,413
Room and Board 16,800
Transportation 2,226
Books & Supplies 1,200
Indirect Expenses 23,639
Total  Budget $83,761

2016-17 Cost of Attendance (Prior Year Budget)

  MS1 10.5-Month Budget MS2 9-Month Budget MS3 12-Month Budget MS4 12-Month Budget
Books 1,800 1,200 1,800 852
Disability Insurance 392 375 392 392
Student Life Fee 1,440 1,143 1,440 1,440
Med Equipment 700 35 - -
Transcript Fee 63 - - -
USMLE - 600 1,875 -
Personal Expenses 3,413 2,925 3,900 3,900
Room and Board 16,800 14,400 19,200 19,200
Transportation 2,226 1,908 2,544 6,044 (includes residency interview travel)
Tuition 51,237 51,237 67,659 67,659
Total Billed Fees per Quarter 1,206 1,143 1,440 1,440
Loan Fees 312 312 312 312
Health Insurance 4,276 3,948 3,948 3,948
Total $81,403 $77,771 $102,758 $103,435

*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