Tuition and Fees

Registration for courses at the university carries with it the student obligation to pay tuition and fees. The university academic year begins Summer Quarter and ends Spring Quarter. Note that new tuition rates are set each year in the Summer Quarter.

Students in the Full-Time MBA Program must pay six quarterly tuition installments before they can complete the degree program. Students in the Evening MBA and Weekend MBA programs are assessed tuition on a per course basis and must pay for 2,000 units. Joint-degree programs vary in the number of quarterly installments owed. Students should consult with the director of Joint Degree Programs regarding their tuition obligation. Students can find tuition costs on the University of Chicago Office of the Bursar website.

Fees include the following:

  • Lifetime transcript fee paid in their first quarter of study;
  • An administrative service fee that entering Full-Time MBA Program students pay over three quarters beginning in their first quarter of study;
  • University Student Life fee for Full-Time MBA students during quarters of registration; and
  • One-time student activity and administrative fees for Evening MBA and Weekend MBA students in their first quarter of study.

Health Insurance Premiums

Health insurance coverage is mandatory for Full-Time MBA Program students. Students must complete the enrollment or waiver process annually. Students can fulfill the insurance requirement by:

  1. Confirming enrollment in the university’s United Health Care plan (U-SHIP); or
  2. Waiving enrollment by affirming proof of alternate insurance that meets the university’s comparable coverage requirements.

Unless a student waives U-SHIP during the enrollment period, the student will remain enrolled in U-SHIP and billed for the annual payment for the entire plan year. The coverage dates of the U-SHIP plan are September 1 through August 31. Insurance premiums are assessed over a three–quarter span.

Evening MBA and Weekend MBA students are exempt from the health insurance requirement and are unable to purchase U-SHIP.

Tuition and Fee Payments

Tuition and fees (and insurance premiums for Full-Time MBA students who elect the U-SHIP plan) are assessed to students’ bursar accounts. The Office of the University Bursar issues bills and payment is expected by the stated due dates. Please refer to the billing schedule at bursar.uchicago.edu. Students who do not pay their bills on time are assessed late-payment penalties and may have their university account and privileges restricted.

Grading Effects on Tuition

Beginning Week 3, students will not receive a refund for late drops. A grade of W will also be issued for all drops beginning Week 3. Beginning Week 8, withdrawal from a Chicago Booth course requires written faculty consent. Students cannot drop a course after a final exam has been conducted or released.

A student who is required to withdraw for disciplinary reasons is not entitled to any refund of tuition and/or fees.

Restricted Registration

The university applies restrictions to students’ university accounts. The following are the types of restrictions, all of which prohibit course enrollment for the upcoming quarter. Notifications to students are sent immediately for disciplinary cases, Week 4 for immunizations restrictions, and Week 6 for all other types of restrictions.

If a restriction is unresolved, the student is prohibited from bidding for courses for the upcoming quarter. Additionally, restrictions will prohibit university privileges and services. Prohibitions include the inability to:

  • Obtain official transcripts of academic records and grade reports
  • Obtain official certification of student or alumni status
  • View academic and personal information on university administrative systems
  • Access Canvas
  • Audit (officially or unofficially) Chicago Booth or University of Chicago courses
  • Obtain a new Chicago Card
  • Borrow materials from the libraries
  • Access athletic facilities
  • Maintain valid parking permit

Once the restriction is resolved, the student regains privileges for course bidding. If the restriction is not cleared by Week 1 of the subsequent quarter, the student is not able to maintain enrollment in courses. Therefore, a student would be placed on leave of absence/inactive status for that quarter and all enrolled courses will be dropped from the student’s term record. Please see the section on Inactive Status for further implications.

In accordance with University of Chicago policy, the dean of students also may place a student on restricted status for noncompliance in any administrative area given advance written warning.