1994-95 term bill announced
The University's 1994-95 College term bill will be $25,616. It will include tuition of $18,930, room and board charges of $6,380 and fees totaling $306 for health services and student activities.
The 1994-95 term bill represents a 5.3 percent increase over the current year's $24,337, which includes charges of $17,910 for tuition, $6,130 for room and board and $297 for fees.
The increase in tuition will be accompanied by a corresponding increase in funds for student financial aid. The University has budgeted $23 million for scholarships to undergraduates in 1994-95, up from $22 million this year and $2.5 million in 1980-81.
In announcing the 1994-95 tuition, President Sonnenschein emphasized that the University will continue its policy of admitting the most qualified College applicants regardless of their ability to pay. Each admitted student with financial need will receive an aid package typically consisting of a scholarship, a loan and student employment.
"This package is calculated to fully meet financial need. The education offered by the College -- with its strong core curriculum in the liberal arts, outstanding teachers and opportunities for students to participate in research -- is among the very best in the nation," Sonnenschein said. "It must continue to be available to our most committed and talented young people.
"I strongly encourage all qualified students to apply. We will work with them to provide the financial assistance they need to attend this university."
He noted that 64 percent of Chicago's undergraduates currently receive scholarships, including 58 percent who receive direct grants from the University.
Tuition will increase from $18,285 to $19,335 in the four graduate Divisions of the Biological Sciences, Humanities, Physical Sciences and Social Sciences. (See table.)
Sonnenschein said that the University continues to concentrate its resources on its core mission of teaching and research while trimming other expenditures. University expenditures for academic activities grew from 63 percent of the budget in 1980-81 to 78 percent in 1992-93, while central administrative costs were correspondingly reduced, from 37 percent in 1980-81 to 22 percent in 1992-93.