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

Marijuana-Funded College Scholarship Program to Aid Colorado Students

April 25, 2017

by Susan Dutca

The $1.3 billion marijuana industry in Colorado is tackling the $1.3 trillion national student debt crisis by using its tax revenue to help students pay for college. Pueblo County will be the first to use cannabis-funded college scholarships for education funding, money that once "fueled criminal empires." [...]

College Scholarships for Moms

April 21, 2017

by Susan Dutca

Being a college student can be daunting, period. With the surplus in coursework, responsibilities and stressing over college debt and expenses, college students are high-anxiety all year round...not just around finals time. On top of that, some student-parents must manage going to, and paying for college while raising and paying for their children. Fortunately, there are great financial aid resources and college scholarships reserved for students who have families; including students with dependent children, single mom scholarships, and single dad scholarships! With Mother's Day right around the corner, indulge in these exclusive free college scholarships- for your accomplishments as a student and mom. [...]

New York Free College Scholarship Program Not So "Free"?

April 18, 2017

by Susan Dutca

New York's free college scholarship program is being met with heavy criticism as more details have emerged and it is set to start in fall of 2017. Though lauded for being the first of its kind to offer free college tuition at public colleges and universities, many European countries already offer free college, regardless of family income level...and at the tax payers' expense. [...]

Follow Us:

facebook twitter rss feed