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University of Chicago

Odyssey Scholarship

For students with family incomes below $60,000, after the family covers any EFC (including a minimum student contribution of $1,980), work-study and grant aid cover the remaining student budget.
For students with family incomes below $60,000. . .   2009-10 Estimated Student Budget
  After the family covers any EFC (including a minimum student contribution of $1,980), the program assures enough work-study and grant aid cover these expenses
Tuition & Fees $39,432
Books & Supplies $1,150
Room & Board $11,697
Transportation & Personal Expenses $2,111
Total Expenses:     $54,390   


For students with family incomes between $60,000 and $75,000, after the family covers any EFC (including a minimum student contribution of $1,980) and the student takes out loans of $3,000, work-study and grant aid cover the remaining student budget.

For students with family incomes between $60,000 and $75,000. . .   2009-10 Estimated Student Budget
  After the family covers any EFC (including a minimum student contribution of $1,980) and the student takes out loans of $3,000, work-study and grant aid cover these expenses
Tuition & Fees $39,432
Books & Supplies $1,150
Room & Board $11,697
Transportation & Personal Expenses $2,111
Total Expenses:    $54,390   

About the Financial Aid Pledge (2009-10):

Who qualifies for the pledge (in addition to common requirements)?
Students with family incomes up to $75,000.

How is EFC determined and used?
Institutional Methodology. The family is expected to cover the EFC including a minimum student contribution of $1,980.

How much academic year work and/or need-based loans are included?
Work-study of between $2,200 - $3,000. No loans if family income is less than $60,000 and $3,000 in loans if family income is between $60,000 and $75,000.

Does the offer account for the full student budget?
Yes.

How are outside scholarships handled?
Outside scholarships generally reduce loans, work, and/or the student contribution from summer earnings.

For more information:
Alumnus $100 million gift launches Odyssey scholarship program
Office of College Aid


About the Institution (2007-08):

    Location: Chicago, IL
    Type: Private 4-year
    Undergraduate enrollment: 5,000
    Pell Grant recipients (a measure of low-income enrollment): 13%
    Proportion of graduating seniors with student debt: N/A%
    Average debt: $N/A

Glossary

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