Late Payment Fees
A $150 late payment fee will be assessed quarterly to Student Accounts with past-due balances.
Graduation and Diploma Holds
Students expecting to graduate must clear their Student Account Hold no later than the end of ninth week of the quarter (eighth week in Summer) they expect to receive their degree.
Bursar Student Account Holds
The Office of the Bursar is authorized to place a Bursar Hold on future quarter registration for a past due balance on a Student Account.  Bursar Holds are placed on past due Student Accounts starting the sixth week of each quarter (fifth week in Summer).  In addition to preventing registration, a Bursar Hold will prevent students from obtaining a transcript, graduating or receiving a diploma.
Student Account Add/Drop/Withdrawal Policies
 

A student who drops a course, withdraws, or is approved for a Leave of Absence from the University may be eligible for a proration of their quarterly charges.

Add/Drop Tuition Proration Schedule

The Add/Drop Tuition Proration Schedule applies to alterations in registration after initial registration. Tuition proration amounts for dropped courses are determined by the enrollment action of the student and their Academic Unit. Please review your Academic Unit/School policy for detailed Tuition Refund information.

Proration Schedule for Dropped Courses for MBA Full Time, Evening, and Weekend Students:

Tuition refunds apply only when a Leave Absence/Withdrawal

  • 100% end of the second week of the quarter
  • 0% beginning the third week of the quarter

The last day for a 100% refund of a dropped course is the end of the third week of a quarter. There are no refunds of tuition after the end of the third week of the quarter.

Tuition refunds apply only when a Leave of Absence/Withdrawal occurs. Please see Leave of Absence/Withdrawal Refund Schedule for proration amounts.

The following charges represent services provided to the individual. These charges are all non-refundable at all times: Maroon Dollars, Off Campus Meal Plans, College Book Charges, SSA UPass, College International Pre-Orientation, College Urban Experience, Medical School Disability Insurance.

Room charges are prorated to the time of stay. No prorations of room charges are made for students who leave after the Friday of the tenth week each quarter. Proper check out must be performed to receive a proration of these fees. Please contact Housing & Residence Life for more information.

No proration of mandatory enrollment fees are made after the end of the first week of the quarter for a Leave of Absence or Withdrawal.

Mandatory Enrollment Fees include: Booth Administrative Fee, Student Services Fee, Graduate Lifetime Transcript Fee, College UPass Fee, College Class Fee, Exam Fee, USHIP Dependent Fee.

No proration of USHIP premiums are made unless the Withdrawal or Leave of Absence occurs before the end of the third week of the quarter of your initial plan enrollment and no insurance claims have been processed on your behalf. Please contact the Student Health Insurance Office for more information.

The Leave of Absence/Withdrawal Tuition Proration Schedule applies to students who formally withdraw or interrupt their studies after initial registration for a quarter. Leave of Absences or Withdrawals from an Academic Program must be reported to and approved by the Academic Unit/School.

Proration schedule for Leave of Absence/Withdrawal: 
  • 100% end of the first week of the quarter.
  •  65% end of the third week of the quarter.
  •  50% end of the fourth week of the quarter.
  •  30% end of the fifth week of the quarter.
  •  0% beginning sixth week of the quarter.
Financial Responsibility Agreement

All degree seeking students are requested to review and acknowledge the University of Chicago’s Financial Responsibility Agreement their first quarter of enrollment.

The Financial Responsibility Agreement is available for review and completion in they my.UChicago portal under Tasks each August for incoming students.

You may review the text of the agreement below before completion.


The Financial Responsibility Agreement outlines policies and procedures governing the management of your Student Account at the  University of Chicago.  Students are required to confirm review of these polices once during their academic career. Failure to review and confirm may result in restriction of future registration.

STUDENT ACCOUNT

I understand The Office of the University Bursar conducts all business directly with me and establishes a Student Account in my name. I accept full responsibility to pay all charges transacted to my Student Account. I understand the University of Chicago is authorized to use any credits to offset any charges applied to my Student Account.

COMMUNICATION

I understand the University of Chicago uses e-mail as an official method of communication for student account information. I am responsible for reading on a timely basis the e-mails received from the University of Chicago sent to my UChicago.edu email account. I am also responsible for complying with University of Chicago policies regarding updating or forwarding any contact information required for communication for billing and collection.

METHOD OF BILLING/ELECTRONIC TRANSACTIONS

I understand the University of Chicago uses electronic billing (E Bill) as its official billing method, and therefore I am responsible for viewing and paying my E Bill by the scheduled due dates. I further understand that failure to review my E Bill does not constitute a valid reason for not paying my bill on time. E Bill information is available at Billing Dates and Information.

PAYMENTS/REFUNDS

I understand The University of Chicago has several methods of acceptable Payment Options for my Student Account.

I understand the University of Chicago does not accept currency for payment for my Student Account.  I understand I may authorize individuals to make payments on my behalf. I understand The University of Chicago does not accept payments in excess of the amount I have been billed, however, in the event of a student account overpayment the credit will be issued in my name.

FINANCIAL AID

If I receive federal, state, or institutional financial aid, I give the financial aid office at the University of Chicago consent to communicate with me electronically about my financial aid eligibility, including but not limited to award amounts, loan disclosures, and entrance and exit counseling. I understand that applications for renewing financial aid as well as accepting or declining any awards are presented electronically and I will be responsible for completing all necessary actions before any financial aid may disburse to my account.

RETURN OF FINANCIAL AID

If I receive federal, state or institutional financial aid, I understand that I may only be eligible to keep a portion of my financial aid dependent on my withdrawal date. I agree that I am responsible for any remaining balance after federal aid has been adjusted.

IRS FORM 1098-T

I agree to provide my Social Security number (SSN) or taxpayer identification number (TIN) to The University of Chicago upon request as required by Internal Revenue Service (IRS) regulations for Form 1098-T reporting purposes. I consent to receive my annual IRS Form 1098-T electronically from the University of Chicago for every year I have transactions until I withdraw this consent. If I do not consent to receive my IRS Form 1098-T electronically, a paper copy will be mailed to me. I may view and print IRS Form 1098-T by logging into my.UChicago.edu.The University of Chicago will notify me at my UChicago e-mail when my IRS Form 1098-T is posted and I can update my address information by logging into my.UChicago.edu. I understand that I will need a computer with Internet access, a printer, and Adobe Acrobat software to access, print, and retain my Form 1098-T and that my Form 1098-T will remain available on my.UChicago.edu for three years after it is first made available to me electronically.

I understand I can withdraw this consent and obtain a paper copy of my Form 1098-T by contacting the Office of the University Bursar at the contact information listed below. The Office of the University Bursar will confirm the withdrawal of consent and its effective date in writing. I understand that a withdrawal of consent does not apply to Forms 1098-T furnished electronically before the effective date of the withdrawal. I further understand that a request for a paper copy of my Form 1098-T will not be treated as a withdrawal of consent. The University of Chicago will inform me of any changes to its contact information.

REFUND SCHEDULE

I understand and agree that if I drop or withdraw from some or all of my registered classes, I may be responsible for paying all or a portion of tuition and fees in accordance with the published tuition Refund Schedule.

RETURNED PAYMENTS/FAILED PAYMENT AGREEMENTS

I understand if a payment made to my Student Account is returned by the bank for any reason, I agree to repay the original amount of the payment plus a returned payment fee of $25 for each occurrence. I understand that multiple returned payments and/or failure to comply with the terms of any payment plan or agreement I sign with The University of Chicago may result in cancellation of my classes and future registration.

DELINQUENT ACCOUNT/COLLECTION

Student Account Hold: I understand and agree that if I fail to pay my student account bill by the scheduled due date, the Office of the University Bursar may place a hold on my student account, preventing me from registering for future classes, requesting transcripts, or receiving my degree or diploma.

Late Payment Charge: I understand and agree that if I fail to pay my student account bill or any other outstanding charges due to the University of Chicago by scheduled due dates, late fees will be assessed at the rate of $150 per quarter.

Collection Agency: I understand and accept that if I fail to pay my student account bill or any other charges by the scheduled due date and fail to make acceptable payment arrangements the Office of the University Bursar may refer my delinquent account to a third-party collection agency.

Yes, I confirm I have been properly informed and consent to all policies and procedures governing the management of my Student Account at the University of Chicago outlined in this agreement.

Please contact the Office of the University Bursar for additional questions or concerns.

Office of the University Bursar

6030 S Ellis Chicago, IL 60637

Bursar.uchicago.edu

I understand the University of Chicago uses e-mail as an official method of communication for student account information. I am responsible for reading on a timely basis the e-mails received from the University of Chicago sent to my UChicago.edu email account. I am also responsible for complying with University of Chicago policies regarding updating or forwarding any contact information required for communication for billing and collection.773-702-8000