@lilchaz - that’s what happened with my D (who also applied ED) two years ago. $2,000 renewable scholarship. It’ll be added to her fin. aid. portal as some point, once she gets her UCID and can access her my.UChicago portal.
NMSC will send a notice around late winter / early spring every year to gauge “satisfactory progress”, asking about estimated GPA and any EC’s or other activities. The GPA is something like A, B, C, D so no worries about having to be exact. And I’m guessing that “satisfactory” - esp. at a school like UC - is a broad term. They primarily want to make sure the student is enrolled and not flunking out.