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.

Students in the Master in Management Program must pay three quarterly tuition installments before they complete the degree program. 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 students pay over three quarters beginning in their first quarter of study; and
  • University Student Life fee for students during quarters of registration.

Health Insurance Premiums

Health insurance coverage is mandatory for full-time 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.

Tuition and Fee Payments

Tuition and fees (and insurance premiums for Master in Management 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

Dropping a class after the start of Week 3 results in a grade of W (withdrawal). This grade notation will remain on a student’s transcript reflecting that the course was not completed. Unsuccessful course completion will have impacts on a student’s program of study and on tuition. We strongly recommend that a student see an academic advisor when considering withdrawing from a course.

As of the start of Week 8, withdrawal from a Chicago Booth course requires written faculty consent. Students cannot drop a course after a final exam or after a project has been conducted or released.

A student who is required to withdraw for disciplinary reasons is not entitled to any refund of tuition or fees. Students who withdraw from the program during September term will be assessed tuition and fees for the coursework completed.

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 on page 16 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.