Admissions

Student Budget

As you consider financing your medical education, below you will find the Pritzker School of Medicine 2021-2022 estimated student budget. This budget is a good benchmark for calculating the cost of medical education. It is also used by the Office of Financial Aid when calculating aid. If an individual is receiving financial assistance, that assistance cannot exceed the estimated costs provided below.

The standard budget for all students includes the estimated cost of tuition, mandatory fees, disability insurance (based on average class age), and estimated expenses of room & board, transportation, books & supplies, and personal expenses. A universal transcript fee will appear on your Autumn quarter bill unless you have completed coursework at the University of Chicago before your admission to Pritzker School of Medicine. Additionally, you may elect to participate in the University Student Health Insurance Program (U-SHIP) if a parent or your spouse does not currently cover you, or you hold private coverage.

Tuition and fees are set on an annual basis each spring. Tuition generally increases at approximately 2%–4% annually.

2021-22 Estimated Cost of Attendance

Updated March 4, 2021

 

M1

10.5 mo.

M2

9 mo.

M3

12 mo.

M4

12 mo.

DIRECT EXPENSES        
Tuition

57,681

(3 qtrs)

57,681

(3 qtrs)

76,908

(4 qtrs)

76,908

(4 qtrs)

Student Life Fee 1,248 1,248 1,574 1,574
Med Equipment 515 - - -
Lab Fee 150 35 - -
Disability Insurance 315 315 328 340
Transcript Fee* 75 - - -
USMLE Fees - TBD TBD -
Loan Fees 312 312 312 312
INDIRECT EXPENSES        
Room & Board

16,800

(1,600/mo.)

14,400

(1,600/mo.)

19,200

(1,600/mo.)

19,200

(1,600/mo.)

Personal Expenses

3,389

2,901

3,868

3,868

Transportation† 2,226 1,908 2,636 6,044
Study Materials 1,200 1,950 1,800 852
TOTAL $83,911 $80,750 $106,626 $109,098
Estimated Health Insurance‡ 4,566 4,566 4,566 4,566
EST. TOTAL WITH HEALTH INSURANCE $88,477 $85,316 $111,192 $113,664

*The 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.

†Transportation includes residency interview travel during M4.

‡Health insurance is an estimate based on the 2020-2021 academic year. Actual health insurance rates will be published during Summer 2021.

2020-21 Cost of Attendance 

 

M1

10.5 months

M2

9 months

M3

12 months

M4

12 months

DIRECT EXPENSES        
Tuition 56,550 56,550 75,030 75,030
Lab Fee 150 35 -
Disability Insurance 315 315 328 340
Student Services Fee 1,248 1,248 1,574 1,574
Med Equipment 515 - - -
Transcript Fee* 75 - - -
USMLE - 630 1,920 -
Health Insurance 4,566 4,566 4,566 4,566
Loan Fees 312 312 312 312
INDIRECT EXPENSES        
Transportation 2,226 1,908 2,636 2,544
Room and Board 16,800 14,400 19,200 19,200
Personal Expenses 3,389 2,901 3,868 3,840
Books & Supplies 1,200 1,950 1,800 852
TOTAL $87,346 $84,815 $111,234 $108,258

*The 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. 

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.

2019-2020 Form

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.

2019-2020 Form

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. 

2019-2020 Form