Skip Navigation LinksHome > 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

UVA Dean Bashes Rolling Stone Article in Open Letter

by Suada Kolovic

The University of Virginia's associate dean of students who was prominently featured in Rolling Stone's now retracted article "A Rape on Campus" has written an open letter of protest to the magazine's publisher, according to The Washington Post. In the letter to Rolling Stone publisher Jann Wenner, Nicole Eramo asserts that the magazine acted "too little, too late" in retracting [...]

At These Universities, Sleep is a Priority

by Suada Kolovic

We've all been there: Going about our day as if we don't have a care in the world when it dawns on us that (go figure) that term paper on the pros and cons of procrastination in the creative process is due tomorrow. Panicked, we consider emailing our professor an excuse about a death in the family but given we killed off Nana (who's actually alive and well back home) last semester during finals [...]

DutchCrafters Amish Furniture Heritage Scholarship

by Suada Kolovic

The DutchCrafters Amish Furniture Heritage Scholarship was founded in 2011 as a way to give back to the community by offering education assistance to three outstanding students. This scholarship recognizes undergraduate students who draw upon their cultural heritage to shape their vocational aspirations, add creative value to their future employers, and serve their [...]

Follow Us:

facebook twitter rss feed