Student Budget

Student Budget

As you consider financing your medical education, below you will find the Pritzker School of Medicine 2018-2019 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 FY19 has been confirmed and is listed below. Cost of attendance in FY19 for all years is included as well.

2018-19 MS1 Cost of Attendance

MS1 10.5-Month Budget  
Tuition 55,416
Student Life Fee 1,221
Med Equipment 515
Lab Fee 150
Universal Transcript Fee* 75
Disability Insurance 315
Health Insurance 4,734
Loan Fees 312
Direct Expenses 62,738
Personal Expenses 3,413
Room and Board 16,800
Transportation 2,226
Books & Supplies 1,200
Indirect Expenses 23,639
Total  Budget $86,377

2017-18 MS1 Cost of Attendance

 

MS1 10.5-Month Budget  
Tuition 53,286
Student Life Fee 1,173
Med Equipment 515
Lab Fee 150
Universal Transcript Fee* 75
Disability Insurance 315
Health Insurance 4,290
Loan Fees 312
Direct Expenses 60,101
Personal Expenses 3,413
Room and Board 16,800
Transportation 2,226
Books & Supplies 1,200
Indirect Expenses 23,639
Total  Budget $81,303

2018-19 Cost of Attendance 

  MS 1 MS 2 MS 3 MS 4
DIRECT EXPENSES        
Tuition 55,416 55,416 73,178 73,178
Lab Fee 150 35 -
Disability Insurance 315 315 328 340
Student Life Fee 1,221 1,1221 1,540 1,540
Med Equipment 515 - - -
Transcript Fee* 75 - - -
USMLE - 610 1,885 -
Health Insurance 4,734 4,368 4,368 4,368
Loan Fees 312 312 312 312
INDIRECT EXPENSES        
Transportation 2,226 1,908 2,668 6,044**
Room and Board 16,800 14,400 19,200 19,200
Personal Expenses 3,413 2,925 3,900 3,900
Books & Supplies 1,200 1,200 1,800 852
TOTAL $86,377 $82,710 $109,189 $109,734

2017-18 Cost of Attendance 

 

  MS 1 MS 2 MS 3 MS 4
DIRECT EXPENSES        
Tuition 53,286 53,286 70,365 70,365
Lab Fee 150 350 -
Disability Insurance 315 315 328 340
Student Life Fee 1,173 1,173 1,480 1,480
Med Equipment 515 - - -
Transcript Fee* 75 - - -
USMLE - 605 1,885 -
Health Insurance 4,290 3,975 3,975 3,975
Loan Fees 312 312 312 312
INDIRECT EXPENSES        
Transportation 2,226 1,908 2,668 6,044**
Room and Board 16,800 14,400 19,200 19,200
Personal Expenses 3,413 2,925 3,900 3,900
Books & Supplies 1,200 1,200 1,800 852
TOTAL $81,303 $80,134 $105,913 $106,468
 

*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. 

**Includes allowance for residency interview travel.

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.

                  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.

                 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