<p>Received a mail from college aid office, the total aid is similar to last year’s amount. Subsidized Federal Stafford Loan was increased by $1000 up to $4500. I told D, she should be very grateful to UChicago and those generous alumni and donors.</p>
<p>At the beginning of O-Week in S1’s first year, there was a table for completing medical waiver forms. Don’t know what this year’s deadline is, but there were lots of people taking care of that piece of business that day!</p>
<p>The deadline for immunization forms is effectively 7th week of fall quarter, when students bid for winter courses. The college will prevent you from doing so until they get your forms. I didn’t bother to turn mine in until that week, but it’s really not a difficult deadline to make.</p>
<p>Has anyone received an invoice for the first quarter’s tuition? Does this come by mail or it soemthing to look for online? Thanks.</p>
<p>It always came in the mail.</p>
<p>I believe the date I’ve seen (on the website? in a mailing?) is August 27th with payment due by move-in. I remember saying a silent thank you to the powers that be that we would have the entire summer NOT to think about it.</p>
<p>The informational package we received recently (the one containing the flash drive) said that the invoice will be mailed on August 27th and is due September 21st.</p>
<p>Student account has no update yet.</p>
<p>The best period payment-wise is the “reprieve” you get between payment for Spring quarter and Fall quarter. The almost 6 months lets you catch your breath. By the way, out of curiosity I asked one time if there was any discount for paying the tuition for all 4 years (not room and board) in advance (I expected maybe a 10% discount) and they said all it would do would be to lock in the price of tuition at the current year’s rate. The offer was worse than it sounded when I found out that somehow COA goes up every year but one year they raise tuition and the next one they raise room and board (at least that’s what it seemed like at the time 4 years ago).</p>
<p>J’adoube, I’m not sure what era you’re referring to but I recently spent time googling UChicago’s annual tuition rates for the last 10 years or so and there was an increase every year (the university usually issues a press release with the increase; it’s typically near the top of the google search results). I also looked into pre-paying four years of tuition at once (my S is an incoming first year) and that no longer seems to be an option. I am expecting the first tuition bill in the next day or so (gulp :)) and I will report back if that is offered as an option this year.</p>
<p>More students, parents, alumni and friends attended yesterday’s send-off party than last year. I estimate about 25 class of 2016 kids were present at the party.</p>
<p>There is a pre-pay all four years option, but it was due by August 17th. Perhaps you can still ask if it is an option? </p>
<p>THE UNIVERSITY OF CHICAGO
TUITION PRE-PAYMENT PLAN AGREEMENT
2012-13
This Agreement is made by and among [<strong><em>], (“Student”), <a href=“each,%20together%20with%20the%20Student,%20a%20“Participant””>______</a>, and THE UNIVERSITY OF CHICAGO, an Illinois not-for-profit corporation (the “University”).
The Student is or has been accepted as a student by the University and will enroll in the Autumn Quarter, 2012, as a full-time degree-seeking student in the College of the University.
The University agrees to accept payment in full of Student’s tuition for the remaining quarters in the College (excluding Summer Quarter) of full-time registration (three or four courses per quarter) at the current rate of $43,581 per year.
The Participants desire to use the University’s Tuition Pre-Payment Plan (the “Plan”) set forth herein by paying the sum of $</em></strong>________ (the “Pre-Payment”), plus a $100 administrative fee, for a total of $________<strong><em>, on or before August 17, 2012.
The balance due for a freshman student who has twelve quarters (four years) of registration remaining, excluding Summer Quarter, is $174,324, plus the $100 administrative fee for a total of $174,424.
The balance due for a sophomore student who has nine quarters (three years) of registration remaining, excluding Summer Quarter, is $130,743, plus the $100 administrative fee for a total of $130,843.
The balance due for a junior student who has six quarters (two years) of registration remaining, excluding Summer Quarter, is $87,162, plus the $100 administrative fee for a total of $87,262.
In consideration of its receipt of the total tuition and fees set forth above, the University agrees with the Participants that the same will constitute payment in full of the Student’s tuition at the University, subject to the following terms and conditions:
TERMS AND CONDITIONS
- This agreement will be signed and returned to the University at its Office of the Bursar, 970 E. 58th St, Suite 303, Chicago, IL 60637, together with the $100 administrative fee and the Pre-Payment, no later than August 17, 2012. The fee is non-refundable.
- Pre-Payments received prior to July 13 will be reflected as a credit on the Student’s first Autumn Quarter tuition bill. Pre-Payments received after July 13 may not be reflected as credits until the Student’s second Autumn Quarter bill is issued.
- If the Participants intend to borrow from an educational loan program or another lender in order to make payment under the Plan, they shall present a record of their having applied and been accepted for such a loan on or before August 17, 2012. The deadline will not be extended for loan applications that are pending but not yet approved.
- Each quarter the Student will receive a bill for that quarter’s tuition at the fixed rate established by this agreement. The bill will also show a credit for the same amount as the tuition, indicating that the tuition has been pre-paid. Participants will continue to pay other fees, housing expenses and other charges on each quarter’s bill as they are due.
- A Student taking a leave of absence may continue to participate in the Plan if the unused balance of the Pre-Payment remains with the University. However, participation in the Plan will be terminated if the total number of quarters of leave (excluding Summer Quarters) exceeds three (3), whether such quarters of leave are continuous or are periodic. In such cases, a refund of any unused portion of the Pre-Payment will be made automatically. If the Student registers subsequently, the tuition charge shall be at the prevailing rate.
- A Student taking a leave of absence may request a refund of any unused balance of the Pre-Payment and thereby withdraw from the Plan. Refunds for partial quarters will be made according to the refund policies published in the Quarterly Time Schedules. If the Student registers subsequently, the tuition charge shall be at the prevailing rate.
- A Student withdrawing voluntarily or involuntarily from the University will automatically receive refund of any unused balance of the Pre-Payment. Such refunds are normally made at the end of the quarter in which the Student withdraws. Earlier refunds will be made upon request. Refunds for partial quarters will be made according to the refund policies published in the Quarterly Time Schedules.
- If a Student’s registration falls below full-time for a quarter (that is, less than three courses), a refund will be made of the difference between the tuition for full-time registration and the reduced, part-time tuition, less any other charges due on the Student’s account.
- Upon graduation, any unused balance of the Pre-Payment will be refunded automatically. In no case can the unused balance be applied to subsequent enrollments in graduate Divisions and Schools of the University.
- The University reserves the right to offset against any refunds any amount owed to it by a Participant or the Student including, without limitation, any other tuition or non-tuition charges, housing bills, insurance fees, late fees or fines incurred by the Student.
- In no event will a refund of all or part of the Pre-Payment include interest or other earnings.
- This Agreement covers only basic tuition charges as defined by the University (exclusive of Summer Quarter tuition), and in no way limits the University’s rights regarding other matters, including, without limitation, (i) the right to increase University charges for items not covered under the Plan (i.e., room, board, health coverage, activities and other fees, and other University charges); (ii) the University’s enforcement of its rules and regulations governing the terms and conditions of matriculation and attendance at the University, graduate requirements, student conduct and academic standing.
The parties hereto have entered into this Agreement as of the date set forth below.
PARTICIPANT (STUDENT):
Signature</em></strong><strong><em>Date</em></strong>
Name (Print)______________________
Address________________________________________________________
Social Security Number___________________________________________
OTHER PARTICIPANTS:
Signature________________________________________<strong><em>Date</em></strong>_____
Name (Print)____________________________________________________
Address________________________________________________________
Relationship to Student____________________________________________
Signature________________________________________<strong><em>Date</em></strong>______
Name (Print)_____________________________________________________
Address_________________________________________________________
Relationship to Student_____________________________________________
FOR THE UNIVERSITY OF CHICAGO:
By:_____<strong><em>Date</em></strong>
Title:</p>
<p>Thanks apptmom. May I ask if you received this as an email from the school or if it’s buried somewhere on the website for one to find? S is being pretty private with his UChi email though he seems to be forwarding to me other parent-relevant emails, so I’m curious if this might have been one of them. The $100 fee makes me roll my eyes. Really, on top of the interest you’ll earn on my money? Anyway, thx again for posting here.</p>
<p>Found out about it during admitted student days during the Fin Aid talks. Can’t remember if it was mentioned during the talk or during a one on one visit - I was a bit stressed out about trying to figure out the best way to go about things and how to handle making payments, etc.</p>
<p>Thanks for reporting back. I left a message with the bursar’s office (and wonder when I will hear back). Maybe info about this will be in our first year bill this week with a different (later) deadline than for returning students. We shall see; I’m still on the fence about doing this, and it’s nice to know it’s an option in future years as well.</p>
<p>You are right Mutti tuition did go up every year from 2008 to 2012: $37,632, $39,381, $41,091, and $42,783.</p>
<p>pre-pay all 4 years of tuition has a lot of risks with UofC. The tuition increases are not that big and if you look hard enough, you maybe able to find some “banks” paying you that kind of interests.</p>
<p>The real down side is that if your son/daughter could not make the grades and needs to be transferred out, it will be a hell to get refunds.</p>
<p>The increase over the last four years (and over most of the 4-year periods in the last 10 years that I looked at) was around 5%-6%. There is no guaranteed way to earn that percentage from a bank today (though I know we certainly hope that changes over the next four years); not even close. You might make that in the stock market, but of course you might not, and risk losing principle altogether. That’s why the pre-pay seems like a decent investment. As for getting a refund should one be required, I can only take the language in the agreement at face value; either the school refunds tuition according to its stated rules(whatever the size of the remainder due) or it doesn’t. Is there a record of UChi reneging on its refund agreement?</p>
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<p>Interesting, J’adoube, the numbers I pulled from U Chicago sources are each lower than what you quote by about $800-$900.</p>
<p>Btw, any first years or parents of first years reading this: have you received a bill yet? Still no sign here…</p>
<p>We haven’t received the tuition bill from mail yet, but the student account has the update for the charges. We will ask for the waiver of school Medical insurance, it is very expensive, over 2700 dollars a year, after-TAX money.</p>