Student Budget

Below you will find the Pritzker School of Medicine 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 housing & food, transportation, books & supplies, and personal expenses. Additionally, you may elect to participate in the University Student Health Insurance Program (U-SHIP) if a parent or 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.

2025-2026 Cost of Attendance

	M1 10.5 mo.	M2 9 mo.	M3 12 mo.	M4 12 mo.
DIRECT EXPENSES
Tuition	64,844 (3 qtrs)	63,666 (3 qtrs)	84,270 (4 qtrs)	84,270 (4 qtrs)
Student Life Fee	2,012	1,509	2,012	2,012
Med Equipment	530	-	-	-
Lab Fee	150	35	-	-
Disability Insurance	315	315	331	340
Transcript Fee*	81	-	-	-
USMLE Fees	-	680	TBD	-
Loan Fees	416	312	312	312
INDIRECT EXPENSES
Housing & Food	20,400	18,600	24,800	24,800
Misc. Personal Expenses	4,000	3,000	4,000	4,000
Transportation†	2,300	1,950	2,675	2,600
Books & Course Materials	1,200	1,950	1,563	852
TOTAL	$96,248	$92,017	$119,963	$119,186
Student Health Insurance	4,998	4,998	4,998	4,998
EST. TOTAL WITH HEALTH INSURANCE	$101,246	$97,015	$124,961	$124,184

*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.