<p>Hey guys! I was wondering if any current students who receive financial aid can answer this question real quick. I've heard about colleges who lower their grant aid consecutively each year (when the financial situation of the student and their family stays the same). I was wondering if anybody who has received financial aid from UChicago has seen their grant aid go down each year, essentially does UChicago follow this trend?</p>
<p>Tuition and r&b go up every year so for all practical purposes your FA gets reduced unless there is some kind of adjustment built into the package. We didn’t have FA but S1 found it relatively easy to find an on-campus job since the 2nd quarter of first year to compensate for the increases.</p>
<p>Hi Franstar, students who receive financial aid are asked to re-apply for aid each year so that we can adjust for both any increases in our cost of tuition/room and board and any increases or decreases in your family’s finances. As a result, your financial aid package will adjust each year for any increases in our cost, and will not decrease unless your family income increases.</p>
<p>Thank you!:)</p>
<p>This should be a valid concern. In my son’s case, grant got reduced by 50% when he became a sophomore and and he didn’t get any this year. The fact that our second son also entered college didn’t matter and our family income did not change in any significant way.
I am very disappointed.</p>
<p>Thank you for sharing. That would be terrible for me and I would probably have to transfer to a cheaper school… Haha that sucks 
…</p>
<p>Tuition / Room & Board
$40,188 / $13,056 (2010-2011)
$41,853 / $13,563 (2011-2012)
$43,581 / $14,130 (2012-2013)</p>
<p>4.1% Increase per Year</p>
<p>UW Husky, if you mind me asking, what was the ballpark grant aid that your son came into UChicago with?</p>
<p>@franstar. I agree with UChicago representative. Even when I attended in the early 80s, I had received a combination of merit and financial aid which stayed proportional to the yearly tuition/room and board increases…the “net cost” to me and my parents stayed basically the same each year.</p>
<p>franstar, it was about $10k. He also got $10k merit scholarship.</p>