Home > About Us > Press Releases > Uchicagos New Financial Aid Initiative Targets Local Students

UChicago’s New Financial Aid Initiative Targets Local Students

The University of Chicago has recently announced the launch of UChicago Promise, an initiative aimed at helping high school students in the city of Chicago gain admission, pay for and succeed in college. The cornerstone of the program is the commitment from the university to eliminate loans from financial aid packages of students from Chicago who are admitted.

“Chicago, from our pre-schools to our world-renowned universities, is committed to ensuring that every child has access to a high-quality education,” said Mayor Rahm Emanuel. “The step taken today by the University of Chicago is a creative step that will help many of Chicago’s own achieve their goals and graduate without a financial burden.”

In addition to replacing loans with grants and other nonrepayable student aid, UChicago Promise includes an automatic waiver of the University’s application fee and offers a wide array of support and mentoring programs for aspiring college students. The initiative will take effect for those applying this year and will not be available to students with existing loans or who have already matriculated.

About Scholarships.com

Since its founding in 1999, Scholarships.com has had one goal: to help students find money for college. More than a decade later, Scholarships.com is recognized by high schools, colleges and universities nationwide and remains a trusted option for students and parents navigating the college and financial aid processes. To obtain more information, order free materials or create a profile, visit www.scholarships.com.

Media Contact:

Kevin Ladd
Scholarships.com
Phone: 847-432-1700 x 111
knl@scholarships.com

Latest College & Financial Aid News

Community College Comp'd in California?

October 17, 2017

by Susan Dutca

First-time community college students in California may be able to get a discounted, or even free college education thanks to a new "California College Promise" law. The point of the program is to "create the environment and alignment that will help students finish college." [...]

3 Strikes and You’re Out - Disruptive Students to be Suspended, Expelled

October 10, 2017

by Susan Dutca

The University of Wisconsin may soon implement a policy that would suspend, and eventually expel, students who repeatedly disrupt campus speakers with opposing views. The policy also states that protests that disrupt the ability of others to listen or engage with free speech will not be allowed and "shall be subject to sanction." [...]

Gobble Up these November Scholarships

October 6, 2017

by Susan Dutca

Students and families who use Scholarships.com as their one-stop shop for free college and financial aid information and opportunities is the reason why we are thankful. As a way of saying thanks, we’ve come up with a way for you the squash student loan debt with these November Scholarships. For even more scholarships in November, click here. [...]