Home > About Us > Press Releases > UChicago’s 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

$100 Million Grainger Gift Garners New School Name at U of I

April 17, 2019

by Susan Dutca

The University of Illinois at Urbana-Champaign's engineering school will soon be called the "Grainger College of Engineering" after receiving another $100 million gift from The Grainger Foundation. The Grainger donation is the largest amount ever gifted to a public university to rename a college. [...]

Essay Mills Providing a "Side Door" for College Students

April 9, 2019

by Susan Dutca

Thirteen parents and one coach charged in the "Operation Varsity Blues" college cheating scandal will plead guilty in accordance with plea agreements. While elite parents implicated in the admissions scandal cheated to help their children get into college, there is a growing concern about how students, in general, may be cheating their way through college; specifically by buying ghostwritten essays online. [...]

Auctioning Off College Admissions Seats?

April 2, 2019

by Susan Dutca

Why not have schools auction off college seats to the highest bidder? The question was posed by a senior vice president at the Harvard Management Company on his public LinkedIn page amid the recent national college admissions cheating scandal. According to Michael Cappucci, it is simply "an honest question." He goes on to ask, "Why do we have a system where wealthy parents have to make shady payments to even more shady intermediaries to get their kids into college?" The post, which has since been removed but still drew much online anger was authored by Cappucci who is "not a top official" at the company; many people still presumed Harvard is connected to his idea, according to Inside Higher Ed, but Harvard was quick to distance itself from the LinkedIn post. [...]