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University announces increases in education cost and financial aid budget

The University of Chicago has announced a 4 percent increase in the cost of undergraduate education for the 2014-15 academic year, accompanied by a 5 percent increase in the University’s financial aid budget. The total yearly cost for undergraduates will be $62,458, with $47,139 for tuition and $15,319 for room and board and other fees. Financial aid for College students has increased to $112 million. About 60 percent of College students receive need-based or merit-based financial aid. “Our goal...

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